Operations generally mean production management in business. The important issues for production is how to produce and deliver 1) Cost effective 2) High volume 3) High quality products timely to the market.
When a company and its investors can profit from the products, it can continue the business and exist in the market. Thus it is always important that the company can make profits, however on the other hand, it should be done in good and reasonable way, to make its employees proud and its customers beneficial, and finally overall valuable to human life and society.
POM Problem ~ Production Operation Management ~ is not only technical or numerical problems but also humanistic, workers’ condition, motivation, and environmental problems. It is a complicated issue which deals with a trade offs of 2 things.
Problem 1 Capacities in manufacturing process
- Has constraints
- How to maximize
- Basics of Mfg frame works: Flow Diagram, Linear Programming, Scheduling
Problem 2 Inventory
- Keep optimal inventory size, balancing of materials, sales and inventory sizes is the major issue.
Problem 3 Quality and Standards
- Increase of testing coverage for the products.
- Effectiveness of testing process.
- Trade off between high yield rate and quality
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