Good practices in operations management

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A study indicates that 40% of organizations are ineffective at supporting frontline operations, hindering their ability to respond quickly to market fluctuations.

So what does it take to be part of that top 60%? Let's take a look:

Data-driven decisions
We live in a world that runs on data, and companies that can capitalize on and adjust their cfo email lists production lines based on it gain a competitive advantage and save a lot of money in the long run. Companies can make smarter decisions faster by using analytics to track performance, identify bottlenecks, and anticipate demand.

UPS , for example, has developed its integrated road navigation and optimization system (Orion) . UPS has also invested heavily in analytics to improve logistics efficiency and has seen significant cost savings and increased customer satisfaction as a result.

Lean manufacturing and continuous improvement
Small, incremental changes in a manufacturing business, whether cutting out unnecessary steps or rethinking supply chain logistics, can lead to significant gains over time.

Toyota revolutionized the automotive industry with lean manufacturing , and today these principles are the cornerstone of its operations management. Another key concept adopted by Toyota is “Jidoka,” which translates to “automation with a human touch.” In Toyota’s system, machines are designed to identify defects or irregularities and automatically stop the production process.

This allows workers to address the issue promptly, ensuring that problems are resolved in real time without compromising quality.