Production And Operations Management: A Present Scenario Analysis Essay Example

It is (in)directly related with plant location. Aggregate planning : Aggregate planning is a ig picture approach to planning for the intermediate term.

Productivity: Productivity is the conversion ratio by which a input is been converted in output .

The base for production and operations management lies with this only. Forecasting techniques: Forecasting is Judging in advance the outcome. Be it in regard to demand or in regard to any other thing. POM describes forecasting techniques as: Moving average method Exponential smoothing Regression analysis Correlation analysis Delphi technique Location analysis: It is concerned with selecting the best location out of the various options available.

Selecting a plant site plays a important role for the success of the plant.

Various techniques like Dimensional analysis Brown and Gibson model Factor rating method Break even analysis Operation strategy: Operation strategy is concerned with setting up broad policies and plans for using the resources of the firm to best support the firm's long term competitive strategy. Product design and development: Various product development and design techniques have been introduced . Standardization, simplification, specialization and diversification named as few. And Inventory anagement: Management of inventory of the organization is inventory management.