Operations & IT Articles

Customization refers to making tailor made products (and services), as per the requirements of individual customers, or customer groups. Letting a customer design his own greeting, and then delivering that to him is a customized business operation.

Customization is essentially useful when customer needs are varied; it is an essential tool for providing value to individual customers in a differentiated manner. Some services (products) rely a great extent on customization: a good example is the services of a psychiatrist.

There is a lot of talk about digital and its impact on various industries. Many enterprises are grappling with this new wave in order to beat the competition and advance into the new future. This article highlights the relevance of technology int he world of retail in the present scenario.

Building a Supply Chain for Rural India is one of the most critical aspects for a developing nation. Approximately 60% of India’s population is rural & 800 million people is expected to live in rural India in the 2040-50s making rural supply chains in India the next big opportunity. Inclusive innovation combining significant improvement in products and processes as well as in business and service models is needed to transform rural India to a confluence of vibrant business activities.

Waste management is the process of collection, transportation, processing or disposal, managing and monitoring of waste to avoid its adverse effects in human health and environment also. Waste management is a very important issue in the today’s modern business world. According to the Wikipedia” waste management is the generation, prevention, characterization, monitoring, treatment, handling, reuse and residual disposition of solid waste.

This article focuses on project management and its steps. To understand Project Management, we need to understand what a project is. Dictionary meaning of a project is “Any piece of work that is undertaken or attempted” and yes, that is as simple as it is. A project is basically short-term which should be understood in the sense it has a definite beginning and a definite end time and hence a pre-defined scope as well as resources. Any task assigned as a “project” would imply that it is exclusive and is not a regular operation; in fact it is a set of tasks or operations designed to achieve a specific well defined end objective. And therefore any project work force or team consists of people who might not usually work together otherwise. The team may consist of cross national or cross organizational members.

Project management tools like Gantt chart, CPM. PERT, BOSCARD, PEST analysis, Costs estimation etc are an important aspect of business. With competition on an all-time high and industries flooded with new start-ups day after day, companies seem to be overwhelmed with projects to keep the competitive spirit alive. Project Management plays a big role in sailing through these rough waters.