Operations Management and Supply Chain
Application to a Small Industry
Publication date: 06/11/2020
A study using simple math to calculate parameters relating to supply chain and profit
The country’s emphasis on self-reliance and entry into the global market has made it imperative to adopt and follow lean and ethical management practices. In order to maintain viability and profitability in view of various global players and competition from the tigers of S.E Asia, the industry has to incorporate the tools and practices followed internationally. Local companies have been encouraged to enter the field with the indigenization "Make in India" policies of the Government. However, their competitiveness and survival in the market depend on various factors involving Productivity, Management, Lean Manufacturing, and Finance.
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