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The History of Operations Management Part 2 - 5.0 out of 5 based on 1 vote

KANBAN

Kanban is a system of continuous supply of component parts and supplies, such that workers have what they need, where they need it and when they need it. It is a means of achieving Just-In-Time product and works on the basis that each process on a production line pulls just the right number and type of components that the process requires at just the right time (“What is Kaban?” n.d.).

MASS CUSTOMIZATION ERA (1995 -2010)

Mass customization involves customizing and personalizing of products and services. With the evolution of this era in operations management customers are able through the help of the world-wide web, to interact with a company in almost any part of the world and specify their unique requirements, which are then manufactured by automated systems. Benefits of mass customization include lower costs and higher profits. In addition, because the products are made to customer specifications they are able to compete with other similar products at the same or similar cost.

GLOBALIZATION – is the interaction and integration among peoples, companies and governments of different nations (“Globalization”, n.d). The basis for it is informational technology which allows easy access and makes the world a global village. Globalization affords the prudent manager the opportunity to tap into the vast resources that are available in other countries. Companies are also able with the use of the internet to broaden their customer base. This affords customers the opportunity to customize their orders and be reasonably assured that the products and even services will be made readily available to them.

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