In: Operations Management
Research the definitions of various production and operations management terms used in Lecture 1. Perform a literature search on one of these terms. Discuss how this term can impact the ability for an operation to be competitive in the 21st century. Do not use a term posted by another student.
I CHOSE "Process design and analysis"
MINIMUM OF 150 WORDS PLEASE.
Process design and analysis is very important to achieve success in operation management. The objective of any company is to provide a product or service to the customers and meet their demands. The company makes use of the market demand and the customer feedback to build a product or a service. The company will make use of process design and analysis to break down the product into small pieces and analyze how they can connect different pieces together efficiently in order to create a quality product. This process will help the company in manufacturing the product keeping the customer needs and organizational goals in mind. The process relies on the organizational goal the and it should take into consideration what the company wants to achieve with that product in the longer run. This method will make the product or service more sustainable and will also result in streamlining the entire process. The process becomes more customer-centric and the same time there will be involvement of the company management at various stages to ensure the required standards are met.