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Operations And Supply Chain Management
Found in: Page 287
Operations And Supply Chain Management

Operations And Supply Chain Management

Book edition 14th
Author(s) F. Robert Jacobs
Pages 800 pages
ISBN 9780078024023

Short Answer

Recently some operations management experts have begun insisting that simply maximizing process velocity, which means minimizing the time that it takes to process something through the system, is the single most important measure for improving a process. Can you think of a situation in which this might not be true?

Operations management (OM) is the management of business practices inside an organization to achieve the best degree of effectiveness feasible.

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Step by Step Solution

 Operations management

The objective of operation management is to regulate the manufacturing process as well as corporate operations as efficiently as feasible. To increase net operating profit, OM experts try to balance operational income as well as expenses.

Recently some operations management experts have begun insisting that simply maximizing process velocity, which means minimizing the time that it takes to process something through the system, is the single most important measure for improving a process. Think of a situation in which this might not be true

Minimizing process velocity is a crucial component of any company’s activities. The company should be conscious of the length of time it takes to process things on their network. However, in some situations, this assertion is not true.

A situation in which procedure velocity is not the most significant factor in process improvement. In the case of a firm as well as an organization creating a new product. In circumstances where a new item is being developed, process velocity is not the most essential metric for improving the process. The corporation, as well as the organization, should take an effort to minimize mistakes as well as ensure that the proper procedure is followed when producing the item.

Process velocity is less important in this situation. The difficulty with solely focusing on process velocity is that other aspects, including reliability as well as security, may be neglected. There are several instances. One example would be if the exposure time was lowered, which might affect the system's quality. Some other instance would be whiskey, where lowering the age duration would most likely influence its quality.

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