Operations Management

Definition: Just-in-Time (JIT) Manufacturing is a philosophy that focuses on achieving Complete Waste Elimination, Inventory Reduction and Streamlined Processes in business operations. It is one of the successful tools for Production Planning and Control. Also, it inculcates the elements of Total Quality Management, Production Scheduling and Lean Management. However, … [Read more...] about Just-in-Time Manufacturing

Definition: Total Quality Management (TQM) is a modern production tool that is focused on providing premium consumer satisfaction through constant improvement in the organization's processes. In simple words, TQM is serving customers at their best by maintaining quality at each organizational level.   The total in TQM refers to all the activities undertaken … [Read more...] about Total Quality Management

Definition: Total Productive Maintenance (TPM) is a lean maintenance concept that maximizes effectiveness by continuous maintenance and improvements in the equipment. It is a combined effort made by the entire organization. TPM develop a maintenance-free framework by identifying the losses and eliminating them. It will lead to a considerable decrement in the maintenance … [Read more...] about Total Productive Maintenance

Definition: Maintenance Planning is a controlling function that formulates strategies to keep the Capacities and Facilities as per intended working conditions up to their useful life. It helps Minimize Costs, achieves Higher Production Efficiency, and reduces Ideal Time. The manufacturing units produce final products using their resources and assets. These assets are the … [Read more...] about Maintenance Planning

Definition: Aggregate Planning in Operations Management determines production and resource allocation strategies to meet the uncertain and fluctuating future demand at minimum production cost for the Intermediate Time Horizon. Here, the word 'Aggregate' signifies the product lines and families. And 'Planning' covers the series of activities to be taken in order to meet the … [Read more...] about Aggregate Planning in Operations Management

Definition: Assembly Line Balancing (ALB) optimizes the mass production process by dividing tasks into workstations and allocating equal processing time to each one without any delay. The assembly line in which the workstations have equal processing time with less or no ideal time is said to be a perfect one. It must be balanced in order to ease the manufacturing … [Read more...] about Assembly Line Balancing

Definition: Location Analysis Techniques are the methods that critically evaluate location alternatives to select an ideal location for the Plant or Industry. These are the tools used by the organizations for decision-making while locating a plant or facility. Location techniques are a systematic approach for choosing the most desirable location alternative. It strives to … [Read more...] about Location Analysis Techniques

Definition: Location Decision in operation management is finding an ideal geographical region to install a Facility or Plant. It is a vital component in facility planning as it greatly impacts the organization's Profitability, Cost and Success. In other words, the decision about the area for locating a facility is the Location Decision. It is also termed as Facility Location … [Read more...] about Location Decision