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Effective Manufacturing Operations Management in 2024

Epicflow

There’s one more essential component that helps manufacturers reach their goals — manufacturing operations management (MOM). Read the article to learn more about this practice and its role in manufacturing, and explore recommendations that will drive MOM’s efficiency. What Is Manufacturing Operations Management?

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How to Improve Operational Efficiency in Project-Based Organizations

Epicflow

Among other things, this can be achieved by improving a company’s operational efficiency. How is it possible to increase operational efficiency in project-based organizations? What Is Operational Efficiency and Why Improve It? What is it exactly, and why is it so important to improve it?

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Research: Warehouse and Logistics Automation Works Better with Human Partners

Harvard Business

A study of automation usage in warehouse and logistics companies around the world suggests that blending human labor with robotics leads to greater efficiency than full automation alone. While scalable robotic systems can handle up to 1,000 tasks per hour, they often face limitations where additional robots don’t improve performance.

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When Gig Work Meets Extreme Weather

Harvard Business

Research with one food delivery platform in China showed that heat waves drive up order volumes for couriers, but also cause more delays and higher health costs. Extreme weather events pose significant challenges for gig couriers, impacting their performance, income and health.

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Does Market Share Still Matter?

Harvard Business

Market share has traditionally correlated strongly with profitability because of efficiency, market efficiency, and customer perception effects. But, as the authors demonstrate, the relationship has been changed by the digital transformation in firms. In both cases, digital helps smaller firms catch up with larger rivals.

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Gen AI in Banking: Transformative Use Cases

Tom Spencer

Despite many current applications being small-scale pilot projects, the promise of Gen AI to revolutionise banking operations and enhance customer experiences is becoming clear. Jason Napier , Head of European Banks Research at UBS noted in 2023 that “a lot of the potential of AI appears really nascent at this stage”.

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Small Business Improvements to Boost Profits

Business Consulting Agency

Running a small business involves managing daily operations while focusing on growth and profitability. Conduct market research to understand competitor pricing and evaluate your customers’ willingness to pay. Streamline Operations Inefficient operations often lead to wasted time and resources.