Ethical behavior From the conventional perspective, businesses work to create wealth for their owners. They make as much profit as possible by
Operations Management
Inventory Management
Inventory management, also known as stock control (or inventory control), aims to maintain adequate stock levels to minimize stock costs. The
Research and Development
Research and development are two words attached to each other, and we often use them together. Nonetheless, the two are different. Research is
Production Planning
Supply chain process The supply chain is the network involved in delivering products to customers. Broadly speaking, this includes procuring
Business Location, Supplier, and Production Reorganization
Business location Choosing the best location is a crucial decision for a business. Location can affect costs and profit. Likewise,
Quality Management
Quality management deals with ensuring products conform to standards and at the right cost. It involves: Managing quality involves several
Lean Production
Lean production is a production approach by streamlining operations and processes to reduce waste, maximize productivity, and improve efficiency. In
Production Method
Every company must do production planning. Production planning details how the company produces the product. The production plan outlines production
Introduction to Operations Management
Why is operations management critical? Effective operations management ensures adequate resources are available, including those related to raw