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Effective Manufacturing Operations Management in 2024

Epicflow

Manufacturing companies continually seek ways to improve their processes, optimize costs, and increase competitiveness. There’s one more essential component that helps manufacturers reach their goals — manufacturing operations management (MOM). What Is Manufacturing Operations Management? Process control.

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Transform Business Operations with Process Mining

Harvard Business

The most effective companies we interviewed use process mining to generate operational insights at scale, identify process inefficiencies, define targeted actions, and measure process improvements — all of which lead to value realization. It is often a major cultural change to fully embrace this level of process management.

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How Companies Can Take a Global Approach to AI Ethics

Harvard Business

Many efforts to build an AI ethics program miss an important fact: ethics differ from one cultural context to the next. To address this problem, companies need to develop a contextual global AI ethics model that prioritizes collaboration with local teams and stakeholders and devolves decision-making authority to those local teams.

Ethics 248
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What Makes a Company Great at Producing Leaders?

Harvard Business

GE is well known as an “academy company” — a talent incubator that exports effective leaders to other organizations and even industries.

Company 252
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What Boards of Public Companies Can Learn from Private Equity

Harvard Business

Public company boards are typically focused on oversight, supporting the management team while keeping a respectful distance from day-to-day operations. In contrast, boards of companies owned by private equity tend to be much more hands-on.

Company 244
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7 Ways to Improve Operations Without Sacrificing Worker Safety

Harvard Business

They’ll also note that “safety pays” in reducing costs, or admit they fear reputational damage following a significant incident at their company. I watched with concern as the company, under pressure from activist shareholders to increase profits, cut costs and let its safety program deteriorate.

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Research: What Companies Don’t Know About How Workers Use AI

Harvard Business

Leaders who are exploring how AI might fit into their business operations must not only navigate a vast and ever-changing landscape of tools, but they must also facilitate a significant cultural shift within their organizations. But research shows that leaders do not fully understand their employees’ use of, and readiness for, AI.

Research 251