In the last ten years or so technology has altered the way in which the organization conducts its business. The introduction of technology in performance management has improved the productivity of their organization.
Technology and Operations Management
The range of Technology and performance management has developed over a time period and has moved from the development of products to the design, management, and improvement of working systems and procedures.
Use of technology in performance management has assured that organizations have the ability to reduce the cost, enhance the delivery process, standardize and enhance quality, and focus on personalization, thereby creating value for clients.
Integration of Technology with Production System
Technology drives efficiency in associations and raises’ productivity of their organization. But, bringing technology in the manufacturing system is a highly complex process, and it needs to follow steps:
Technology Acquisition: The technology obtained should align with the general aims of the organization and must be approved following an elaborate cost-benefit analysis.
Technology Integration: technology affects all aspects of manufacturing i.e. capital, labor, and customer. Thus, a good technology integration program is required.
Technology Verification: once technology incorporated, it’s necessary to assess whether technology is providing operational effectiveness and continues to be used to its fullest.
Technology in Manufacturing and Design
Technology is getting extensively utilized in the customization of design services and products. The use of computers and supporting digital systems is an essential component of the modern industrial and services sector. Latest techniques can be broadly categorized into the following classes:
Computer-Aided Design (CAD): CAD facilitates the linking of two complex elements of design at a really significant degree of accuracy thus delivering higher productivity.
Computer-Aided Manufacturing System (CAM): Precision is extremely crucial in operating any machines and for that reason, Computerized Numerically Controlled machines are used, thus ensuring the maximum level of accuracy.
The Standard for the Exchange of Product Data: As the name suggests product design is transmitted among CAM and CAM in three dimensions. The Standard for The Exchange of Product Data process sharing of merchandise across all stages of the product life cycle and acts as a neutral file exchange.
Software Systems in Manufacturing
There are numerous software systems available to integrated manufacturing and operations functions with other business functions of the organization. Some of the frequent applications systems are Enterprise Resource Planning (ERP), Supply-Chain Management (SCM), New-Product Development (NPD), and Customer Relationship Management (CRM).
Enterprises Resources Planning (ERP) joins all business functions including manufacturing, marketing, human resource, and finance via a frequent software platform. The principal benefits of the ERP solution are that it not only reduces database mistakes but also delivers value to clients through faster delivery and order fulfillment.
Automation in Production and Operations
Automation reduces manual intervention in the production procedure. It increases productivity and reduces the margin of error thereby facilitating economies of scale. There are this-advantages of automation too, such as unemployment, higher breakdown price, and initial capital investment. Therefore, automation might not be suitable in most circumstances, and ultimately alignment with a general organization objective is vital.
Technology can be a facilitating factor in bringing about change in production and operations management. But it might not be feasible to utilize technology in all facets with challenges coming through high initial cost of investment, higher cost of maintenance, and mismanagement.