Operations Strategy

Lean Production

Minimizing waste while maintaining productivity; includes methods like Kaizen and Just-in-Time (JIT).

Just-in-Time (JIT)

Inventory system where materials are only ordered and received as needed.

Enterprise Resource Planning (ERP)

Integrated management of main business processes, mediated by software and technology.

Quality Management

Ensuring products/services meet customer expectations; includes Total Quality Management (TQM) and Quality Assurance (QA).

Supply Chain Management

Managing the flow of goods and services from suppliers to customers.

Inventory Management

Techniques for managing stock levels efficiently, such as Economic Order Quantity (EOQ).

Capacity Utilisation

Measure of how much of the production capacity is being used.

Location Strategy

Deciding on the optimal location for business operations to reduce costs and maximize efficiency.

Technology and Innovation in Operations

Implementing advanced technologies to improve efficiency and production.

Crisis Operations Management

Strategies to maintain production and service delivery during disruptions.