Production and Operations Management
Production and Operations Management (POM) is a field that focuses on the planning, organizing, and supervising of production processes in various industries. It aims to efficiently convert raw materials into finished goods while ensuring quality and minimizing costs. POM encompasses various activities, including inventory management, quality control, and supply chain management.
Effective POM is crucial for businesses to meet customer demands and maintain competitiveness. It involves the use of various tools and techniques, such as Lean Manufacturing and Six Sigma, to optimize operations. By streamlining processes, companies can improve productivity and enhance overall performance.