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OPERATION MANAGEMENT
The winning companies in the global competition will be
those companies that can put together the best of
research, engineering, design, manufacturing,
distribution – wherever they can get it, anywhere in the
world – and the best of each of these will not come from
one country or from one continent.
Jack Welch
Management Expert, Author and CEO of GE
Operations Management
as a Function
RECENT TRENDS IN OM
Flexibility: The ability to adapt quickly to changes in
volumes of demand, in the product mix demanded, and in
product design or delivery schedules, has become a major
competitive strategy and a competitive advantage to the
firms. This is sometimes called as agile manufacturing.