Recent trends and developments in operations management
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2024-02-19 12:58
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COTELNIC, Ala. Recent trends and developments in operations management. In: Competitivitatea şi inovarea în economia cunoaşterii: Culegere de rezumate, Ed. Ediția 27, 22-23 septembrie 2023, Chişinău. Chişinău Republica Moldova: "Print-Caro" SRL, 2023, Ediţia a 27-a, Volumul 1, p. 16. ISBN 978-9975-175-98-2.
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Competitivitatea şi inovarea în economia cunoaşterii
Ediţia a 27-a, Volumul 1, 2023
Conferința "Competitivitate şi inovare în economia cunoaşterii"
Ediția 27, Chişinău, Moldova, 22-23 septembrie 2023

Recent trends and developments in operations management

JEL: M10, M11

Pag. 16-16

Cotelnic Ala
 
Academy of Economic Studies of Moldova
 
 
Disponibil în IBN: 14 februarie 2024


Rezumat

Today operations management is used to characterize the management of the daily activities of all business units, which ultimately lead to the final product or service. The purpose of operations management is to streamline the production process and general business operations in order to maximize profits and ensure business growth. After going through three industrial revolutions, manufacturing technology and management are currently facing the fourth leap (and some researchers say we are in the fifth industrial revolution), industrial revolutions being driven by rapid change, achieved through innovation. The purpose of this article is to highlight the trends in operations management based on the analysis of the evolution of this concept. In this sense, we mention the contribution of each revolution in the development of operations management. We note that today's main feature is the use of new technologies to provide prosperity beyond job creation while respecting the planet's production limits. Recent trends in production/operations management relate to global competition and its impact on firms, especially manufacturing firms. Following the research carried out, we highlight and characterize some trends in operations management. A special place belongs to the study of the influence of artificial intelligence on the development of operations management. We argue that artificial intelligence can significantly influence the management of production operations, but also in the service sector by providing significant advantages and improvements. The key question that appears in this order of ideas concerns finding the optimum between decisions made by humans and those determined by machines.

Cuvinte-cheie
production management, operations management, Artificial Intelligence, industrial revolution, digitization, agility