Operations management is a crucial aspect of any business, as it involves overseeing the production of goods and services. Achieving excellence in operations management can lead to increased efficiency, reduced costs, and improved customer satisfaction. Let's delve deep into the realm of operations management and explore how to achieve excellence in this field.
Key Metric | Statistic |
---|---|
On-time Delivery Rate | 95% |
Inventory Turnover Ratio | 8 |
Overall Equipment Effectiveness | 85% |
These key statistics highlight the importance of efficient operations management in achieving success in business.
By implementing these strategies, businesses can achieve excellence in operations management and drive growth and profitability.
Source: Operations Management Journal