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Effective Manufacturing Operations Management in 2024

Epicflow

Manufacturing operations management (MOM) is the practice of overseeing and improving manufacturing processes at multiple levels. With this purpose, MOM involves the analysis of each stage in the production process to make sure that they are maximum efficient, and their costs are minimized. It supports scenario analysis.

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Engineering Project Management: The Essential Guide

Epicflow

Also, Epicflow’s What-if analysis allows you to forecast the impact of changes on the workflow and make the most reasonable decisions in terms of how to address these changes (e.g., Its dynamic prioritization makes it possible to set priorities across the whole multi-project environment so that the team members cannot miss important tasks.

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Can AI Help Your Company Innovate? It Depends

Harvard Business

To investigate what kinds of innovation AI worked with, the authors performed two studies: first, a survey of 331 firms for practices on process improvement and new technology development, and second, an archival analysis of patent data on new technology development for a broader sample of more than 2,000 publicly traded firms.

Company 253
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Before Automating Your Company?s Processes, Find Ways to Improve Them

Harvard Business

As a result, they may achieve modest savings, but in many cases they will miss out on opportunities to dramatically improve process outcomes, quality, costs, and cycle times. Why RPA Needs Process Analysis. Examples of RPA and Process Improvement.

Company 137
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How People Analytics Can Help You Change Process, Culture, and Strategy

Harvard Business

For this reason, organizational transformation is uniquely suited to the analysis, prediction, and experimental research approach of the people analytics field. The transformation office approached the country finance leaders with their findings and made them partners in process improvement for the rest of the subsidiaries.

Culture 142
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"Process Mining"? Sounds Like a Waste of Time.

Markovitz Consulting

The authors state that companies adopting business process reengineering are so focused on the future state that they ignore a thorough analysis of the current state. Conversely, companies that adopt an incremental improvement approach tend to spend too much time on analyzing the “as-is.” How do you define “too much time”?

Software 124
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A Business Case in Project Management: Why Start a Project?

Epicflow

Business case analysis team. They can be as follows: executive sponsor, technology support, process improvement, project manager, and software support. . Cost-benefit analysis. Alternative analysis. What consequences will the business face in case of declining the initiative? . Problem description.