Operations Management
There are a number of words that can best describe (and are currently being used) how operations management is causing a renaissance in the business community. Words such as flexibility, agility and responsiveness have found their way into the business jargon commonly used throughout the new global business environment. The reason behind the use of such lexicons seems to be to make it simpler for management to explain what it is they are striving to achieve; this holds true in almost all types of business operations including IT, mining and manufacturing. The literature concerning operations management is replete with the use of such terms and oftentimes the words are used in conjunction with one another or in the place of other less attention grabbing language.
One recent study is a prime example when it states that the "evaluation of flexibility in a manufacturing system development in operations management is important to determine the competitiveness of manufacturing systems" (Shian-Jong, 2007, p. 409). The question that remains, however, is how does flexibility get measured in the first place? It is interesting to note that flexibility is sought in a number of different areas, but that determining what operations are flexible and what operations are not flexible could be much more difficult than what the evaluation can reveal in the long run anyway. Flexibility is even used to describe mining operations; as in a recent study that was conducted in order to determine what the increased expected value of mining operations were that are attributable to intelligent management responses to changing operating conditions and market prices (Cardin,...
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