Wednesday, May 13, 2020

Improving The Changing Societal Norms Of Operations...

Productivity - ‘Check’; Efficiency - ‘Check’; Standardization - ‘Check’; Reverse Logistics Introduction Manufacturing and Services has undergone many changes and has evolved tremendously over the years. The evolution is primarily due to dynamic market place which changes according to changing societal norms. Operations management is the result of interplay between these two, (ever changing market and society) and in the process, adopted many new trends practices to serve the changing societal demands. Thus, understanding of Operations in yesteryears is essential to anticipate what beckons for it in the future. History of Operations The modern operations origin can be traced to the Industrial Revolution which began around 1770s in England. In its initial years only one person was responsible for production of goods from start to finish and systems were not very developed; modern machines were not available. With the advent of machine power, craft production started (skilled workers produce customized items with simple, flexible tools). It lacked in achieving economies of scale and the process was too slow. During 1950s With the World War II, pressure grew on manufacturing which led to adoption of quantitative models for different areas of operations management such as project management, forecasting and inventory. During 1970-1980s Quality Revolution: The world economy got liberalized and globalization set in. This onset led to increased competition among firmsShow MoreRelated Business Ethics and the Chinese Market Essay2925 Words   |  12 Pagesestablish a relation of profit that creates a support to their investors. The rules and laws of the corporation follows the sets, which are made by National Government of the country where they are operating however, they do not mainly play a role in changing the ethics of the country. 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