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Home ยป Operations Management

Operations Management

Learn about efficient production & delivery processes with our Operations Management category. Maximize resources & improve performance.

Bonded Warehouse – Definition, Types and Advantages

November 29, 2021 | By Hitesh Bhasin | Filed Under: Operations Management

Bonded Warehouse

A bonded warehouse is a secured place for imported goods (known as bonded goods) or duty payable goods for storing them closer to foreign customers…

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Process Documentation | Importance, Goals and Steps

February 19, 2025 | By Hitesh Bhasin | Filed Under: Operations Management

Process Documentation

Several different processes make up a business. The different processes that constitute a business need constant reviewing and improving. These processes are generally improved based…

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Types Of Resources: Natural and Man-Made Resources

November 17, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Types of Resources

A resource is defined as something that is considered useful and valuable by human beings. It is a supply or a source that has utility…

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What is Operational Excellence and its 10 Core Principles

September 21, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Operational Excellence

There is no business in this world that does not require improvement. There is always one or two areas in the business that could be…

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Critical To Quality (CTQ) Definition – Process and Benefits

July 11, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Critical to Quality

What is Critical to Quality? Critical to Quality is the conversion of Critical to Customers factors into certain measurable and controllable manufacturing and/or delivery processes….

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Lead Time – Definition, Examples, and Importance

July 11, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Lead Time

Lead time can be defined as the total time elapsed between the initiation of a process and the completion of the process. What is Lead…

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What is Kanban? Principles and Benefits

July 4, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

The History of the Concepts of Kanban

Kanban is a workflow method to manage and visualize your work progress and can be used for increasing your efficiency. Kanban is a framework that…

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Operations Management Definition and Principles

June 18, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Operations management

Business operations are an integral part of every business, irrespective of the industry. It will be helpful to know all the necessary processes that are…

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Production Capacity – Definition, Calculation And Examples

June 18, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Production capacity

Definition Production capacity is defined as maximum production or output, which can be produced in business with the help of available resources. The capacity is…

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Incidence Rate – Definition, Meaning, Types, Examples

March 8, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

incidence rate

Definition of the incidence rate The incidence rate is defined as a frequency evaluator that helps to measure an incident or a disease etc. that…

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10 Strategies to Minimize Waiting Time of Customer

March 6, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Meaning of waiting time

Waiting time is defined as the time in which a person has to wait to acquire a specific service or action after placing a request…

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Aggregate Planning – Definition, Importance, Strategies And Advantages

August 24, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Importance of aggregate planning

Definition: Aggregate planning is a planning method in the production process which is also considered a marketing activity used to determine the required resource capacity…

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Process Analysis – Definition, Meaning, Objectives, Advantages

December 23, 2024 | By Hitesh Bhasin | Filed Under: Operations Management

Process analysis

Process analysis is defined as a breakdown of a process into step-by-step phases that are used to describe and convey the output, input, and operation…

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What is Capacity Management? Role in Planning

June 18, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Key processes of capacity management

Capacity management involves adjusting the capacity of a resource, for instance, a system, machine or equipment to meet the planned load or demand. In business,…

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Bullwhip Effect – Example, Causes, Analysis and Consequences

July 23, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Bullwhip Effect

The bullwhip effect is a supply chain phenomenon in which there are inefficiencies in forecast and supply chain. The bullwhip effect refers to the fluctuating…

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Yield Management – Definition, Calculation, Examples and Strategy

July 23, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Yield Management

Yield management is a pricing strategy through which you can maximize your revenue. It is a famous variable pricing strategy that is primarily based on…

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Quality Audit – Definition, Meaning, Types, Advantages

December 21, 2024 | By Hitesh Bhasin | Filed Under: Operations Management

What is Quality Audit

Definition Quality audit is a process of examination and verification of procedures, records, and activities of a quality system that is carried out by an…

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Production Planning – Definition, Objectives, Need, Types, Importance

July 23, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Types of Production Planning

Definition Production planning is defined as the planning of production models in an organization or an industry. To serve different customers, it makes use of…

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Total Productive Maintenance – Definition, Meaning, Objectives

January 7, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Meaning of total productive maintenance

Definition Total productive maintenance is also popularly known as TPM and is defined as an approach towards equipment maintenance. Its objective is to attain one…

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Mass Production – Definition, Meaning, Understanding, Advantages

December 17, 2019 | By Hitesh Bhasin | Filed Under: Operations Management

What is Mass Production

Mass production is defined as a production method of standardized products in large quantities. Automation technology or assembly lines are often used in the manufacturing…

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Process Improvement: Meaning, Tips, Role, Steps, and Phases

October 18, 2019 | By Hitesh Bhasin | Filed Under: Operations Management

Process Improvement

When it comes to successfully running a business, we can say that it is not r an easy process for sure. However, with the help…

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Process Control: Meaning, Objectives, Types, Importance, and Advantages

July 18, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

What is Process Control

Process control is defined as an activity that ensures a process is steady, predictable, and constantly operating at the set level of performance with the…

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Quality Circle: Meaning, Features, Objectives, Structure, and Techniques

December 18, 2024 | By Hitesh Bhasin | Filed Under: Operations Management

Quality Circle

Quality circle is a participant management method in which a team of employees works towards solving and defining a problem that is related to the…

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Cycle Time: Meaning, Significance, Production Process and Formula

July 22, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Cycle Time

Cycle time can be defined as the total time required for completion of a job, task, or activity. In other words, cycle time can be…

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Capacity Planning: Meaning, Strategies, Importance and Procedure

October 18, 2019 | By Hitesh Bhasin | Filed Under: Operations Management

What is Capacity Planning

Capacity planning is defined as a method to gauge the production capacity needed to meet the changing product demands of an organization. Two terms of…

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Operating Cycle: Meaning, & How to Reduce the Longer Operating Cycle?

October 18, 2019 | By Hitesh Bhasin | Filed Under: Operations Management

What is Operating Cycle

Operating cycle is defined in terms of the average time an organization takes between spending money for operational activities and later collecting the amount of…

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Operational Efficiency: Meaning, Examples, and 15 Tips

October 18, 2019 | By Hitesh Bhasin | Filed Under: Operations Management

What is Operational Efficiency

Operational efficiency is defined as the ability of a business entity to deliver products and services cost-effectively while ensuring its high quality. It is also…

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Operational Plan: Meaning, Limitations, Types, and how to Develop one?

October 18, 2019 | By Hitesh Bhasin | Filed Under: Operations Management

the operational plan

An operational plan is defined as a plan that is set in motion to establish, increase, and improve the daily operations of a business entity….

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Continual Improvement: Meaning, Benefits, Disadvantages, & Applications

October 18, 2019 | By Hitesh Bhasin | Filed Under: Operations Management

What is Continual Improvement

Continual improvement is defined as a process that includes ongoing and continuous effort to improve the standard of processes, services, or products. It is always…

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Operational Risk: Meaning, Examples and How to stay safe from them

September 15, 2019 | By Hitesh Bhasin | Filed Under: Operations Management

What is Operational Risk

The financial companies and banks are in constant fear of risks and keep looking for methods to mitigate these risks. Operational risks take place because…

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Capacity Utilization Rate – Definition, Meaning, Importance

May 31, 2020 | By Hitesh Bhasin | Filed Under: Operations Management

Importance of capacity utilization

Capacity utilization is defined as the extent to which the manufacturing and productive capacities of a country, plant, or business entity are utilized in generating…

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What is Operational Risk Management or ORM? Definition and Stages

February 20, 2021 | By Hitesh Bhasin | Filed Under: Operations Management

What is Operational Risk Management or ORM? Definition – Operational Risk Management or ORM is a tool that helps in determining potential operational risks and…

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Importance of Operations Management Explained

May 29, 2019 | By Hitesh Bhasin | Filed Under: Operations Management

Importance of Operations Management

In todayโ€™s dynamic business market it is very crucial for the firms to plan each of their business activities in the most organized and seamless…

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What is Just in Time Inventory? Examples, Advantages and Disadvantages

January 30, 2019 | By Hitesh Bhasin | Filed Under: Operations Management

Just in Time Inventory can be defined as a strategy to increase production efficiency and decrease waste by receiving goods as and when required in…

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What is Theory of Constraints?

December 22, 2018 | By Hitesh Bhasin | Filed Under: Operations Management

Theory of constraints - 2

The Theory of Constraints is a unique methodology for identifying the most important limiting factor that stands in the way of achieving a goal and…

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What is Six Sigma? Six Sigma Concept Explained

April 17, 2019 | By Hitesh Bhasin | Filed Under: Operations Management

Concept of Six Sigma - 3

The Concept of Six Sigma is a disciplined, statistical-based, data-driven approach, and a continuous improvement methodology for eliminating defects in a product, process or service…

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What is Total Quality Management?

April 17, 2019 | By Hitesh Bhasin | Filed Under: Operations Management

Total quality management - 2

The concept and methodology of Total Quality Management can be defined as an extensive and structured organization management approach that mainly focuses on the continuous…

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What is Just in time Manufacturing? Elements Involved

December 4, 2018 | By Hitesh Bhasin | Filed Under: Operations Management

Just in Time Manufacturing - 3

Just in Time Manufacturing is also known as just-in-time production or the Toyota Production System and can be defined as the methodology with an objective…

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What is Lean Manufacturing? Lean Production Explained

April 28, 2025 | By Hitesh Bhasin | Filed Under: Operations Management

Lean Manufacturing - 5

Lean Manufacturing is a methodology that mainly focuses on minimizing waste within manufacturing systems of the company and simultaneously maximizing the levels of productivity. Lean…

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What is Cycle Count & What is Cycle Count Process

February 21, 2018 | By Hitesh Bhasin | Filed Under: Operations Management

Cycle Count Process - 3

Inventory management is one of the crucial aspects that contribute towards business success. Inventory management ensures smooth flow of business activity. In order to carry…

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