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Effective Manufacturing Operations Management in 2024

Epicflow

The Role of Operations Management in Manufacturing Industry Implementing operations management in manufacturing provides benefits that can significantly improve a manufacturing company’s overall performance and competitiveness. Read more: Digital Transformation in Manufacturing in 2024: Benefits & Examples 3.

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Breaking the Echo Chamber: How Peer Advisory Groups Challenge Your Thinking

Effective Managers

But this mindset can lead to missed opportunities—whether it’s untapped markets, process improvements, or efficiencies that could significantly increase ROI. For example: Is the company’s current success sustainable, or are there underlying issues that could threaten long-term growth?

Groups 130
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Engineering Project Management: The Essential Guide

Epicflow

This approach is mostly suitable for complex projects with strict requirements or with clearly defined stages, for example, civil and mechanical engineering. For example, Agile methods can be used in product design, which allows teams to make improvements based on regular real-time feedback.

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

Harvard Business

At a leading global logistics company, for example, the business rules in a claims process suggested that decisions on tolerances for refunds required the judgment of a manager. But when interviewed, the manager was able to clearly articulate rules of thumb he followed, which could be defined as rules for the RPA process to follow.

Company 135
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Saving ?osts in a Long-Term Perspective: How a Resource Management Solution Will Help You Gain More in the Long Run

Epicflow

For example, in this case, every decision will be made from a cost-cutting perspective, which can lead to missed opportunities. For example, laying off employees as one of the cost-cutting measures is quite common during an economic downturn.

Resources 227
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Top 4 Challenges for a Project Management Office (PMO) and Ways to Address Them

Epicflow

And that’s no wonder – an effectively working PMO can streamline a company’s project management processes, improve their outcomes, optimize costs, and facilitate achieving an organization’s business objectives. Let’s consider the example of Epicflow , a multi-project resource management solution.

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

Harvard Business

In core functional or process transformation initiatives — which are often driven by digitization — we’ve seen examples of people analytics being used to measure activities and find embedded expertise. Often times, facts can change the conversation from tired head-nodding to curiosity.

Culture 138