Operations management is an occupational field concerned with the design and management of products, processes, services and supply chains. Operational projects vary widely. They range from strategic ...

In machine shops, the “parts” — i.e., the raw materials, MRO supplies and equipment, works-in-progress, and the finished goods — are vital role in the success of the business. Without effective ...

Writing pro forma projections is not a matter of gazing into a crystal ball and foreseeing the future. Rather, pro formas are only useful to the extent that they touch down and connect with reality, ...

No business operates in a vacuum. Yet many businesses have siloed data that doesn’t allow them to truly understand how one area of operations affects the other. And for product-based businesses, ...

Inventory management is the process of tracking where your products are at all times and when to order more. These techniques can improve your inventory management process, independent of software.