The Evolutionary Trends in Production and Operations Management
Accelerated by the intensifying globalization and the relentless advancement of technological revolutions, production and operations management (POM), a vital pillar of corporate competitiveness, is undergoing unprecedented transformations. This paper primarily focuses on four pivotal domains shaping the current and impending trends in POM: smart manufacturing, sustainability, and green production practices, flexibility in responding to market dynamics, and the synchronization of global operations with supply chain partnerships. By delving into the underlying drivers of these trends, the analysis intends to furnish businesses with insightful guidance and practical lessons for their operational strategies. Furthermore, the discourse extends to explore prospective applications of future POM within the realms of global operational strategies, healthcare operations management, and its potential influence on formulating public policies. This comprehensive perspective not only underscores the evolving nature of POM but also underscores its expanding significance across diverse sectors, emphasizing the need for adaptive and forward-thinking approaches in managing production and operational processes.
Keywords: Production and Operations Management; Supply Chain Optimization; Globalization Dynamics; Sustainability Practices; and Operational Flexibility.
