Operations & IT Articles

Cloud computing is undoubtedly the new buzzword in the information technology paradigm. Technically speaking, cloud technology refers to a system of networked computers, servers, and data storage that allow information to be accessed via the Internet from anywhere at any time. Forrester defines cloud computing as: “A pool of abstracted, highly scalable, and managed computer infrastructure capable of hosting end-customer applications and billed by consumption.” This evolution in the computation world delivers to most basic of the problems that was the sharing and sustainable use of data and by data I mean everything in the paradigm of computing resources, from applications to services, from images to movies, from small softwares to fully-developed databases, from service to all kinds of information. Gone are the times when people used to build interfaces just to use or provide their pooled data or services to end-user or even themselves, the complications that came with building an interface were dependability and security of that specific interface additionally the high cost and support.

Can u imagine the amount of data generated all over the world while you were reading this sentence?

With every second that passes huge tonnes of data is being generated. Today the units of measuring this data include petabytes and exabytes. This data has to be maintained, managed, analyzed and stored. How to do to all this in least time? These unstoppable huge data sets are called Big Data. These are big pools of data which are scrutinized to find patterns and then make beneficial decisions. The leaders in every sector will anyhow deal with these databases to not only exist but also to excel. Using big data will have a huge impact on sustainability since it will be responsible for growth of various enterprises, will enhance efficiency and add to world economy. The organizations using big data are smart and are 36% more efficient in defeating their competitors in revenue and operations, according to a study.

As defined by American Production and Inventory Control Society (2001), Enterprise resource planning (ERP) system “is a method for the effective planning and controlling of all the resource needed to take, make, ship and account for customer orders in a manufacturing, distribution or service company.”

ERP Signifies “One database, one application and a unified interface across the entire enterprise.”

Operations is prevalent in anything and everything around us. Be it how an organization controls its production process to how a fruit seller manages sells his fruits, Operations is present everywhere. There are production analysts, production engineers and managers who design, control and manage the operations processes. In this article we will take a look at what all comprises operations management and how it is done.

India is a country blessed by nature in terms of natural resources. India is plentiful in large number of important minerals and substances like coal, iron ore, mica, bauxite, chromite, natural gas, diamonds, limestone and thorium. Not only India has presence of these resources but also is top ranking in the world for these mineral reserves. For coal India has 4th largest reserves, for bauxite 5th largest and for manganese ore 7th largest. Hence as far as raw material strength is concerned, our country has sufficient of it. But still it lags behind a number of countries in utilizing these resources and thus manufacturing.

A supply chain is basically the combined set of people, resources, knowledge, and activities which help in transporting the products from one place to the other. It encompasses activities related to conversion of raw materials into finished products useful for the end users. In a complex supply chain, the finished products re-enter the supply chain when the salvage value becomes recyclable. In terms of Purchasing Power Parity (PPP), India is the fourth largest country in the world which provides a lucrative opportunity to global companies. Also, the workforce in India is quiet younger in comparison to the other developed nations.