Operation management is a critical aspect in business management. It aims to streamline the business activities to cut costs, enhance efficiency, and enhance customer satisfaction. Operational management is also crucial for competitive advantage in the industry. There are various techniques that operation management can leverage to ensure that the business enjoys the above advantage. Employing data-driven decision-making, ensuring sustainable supply chain management, and application of linear programming techniques are among other techniques that the operation management can employ.
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From the same analysis, the business can use the deviation from the average value X in the labor demand hours to bring the exact number of part-time employees needed during that hour. The deviation can be obtained through regression analysis to calculate the deviation. This technique has advantages in that it helps cut the costs of employing unnecessary employees and the cost suffered while producing below the demand level wen the employees are low than demand.
Balkan , C., & Richard , C. (2011). ustainable Supply Chain Management: Practical Ideas for Moving Towards Best Practice. New York: Springer Science & Business Media.
Preuss, P. (2013). Data-Driven Decision Making and Dynamic Planning. New York: Routledge.