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MGMT20130 Operations Management And Business Analytics

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Task Summary (what is it I am going to do?)

You will write a concise business report aims to report the latest issues of operations management (OM) and technology development. We all face that industry has changed dramatically in the past two decades since the Information and Communication
Technology (ICT) revolution, which has ushered in the era of Industry 4.0. Under Industry 4.0, mobile computers and machines are connected through the Internet, and smart enabling technologies (i.e. Cyber Physical System (CPS), Internet of Things (IoT), Big Data, etc.) are created through automatic identification physical sensors equipped with tiny computers. Data stored and located in physically separated places are processed and analysed quickly by numerous computers and applied to manufacturing and/or services, for example, computerembedded machines and equipment enable the production of the right products/services to be delivered to the right customers at the right time. On the other hands, from the business perspective, Industry 4.0 drives management research towards creating new concepts and methodologies to realise synergy effects across industries that work together on the same business platform and/or system. To stay competitive, all firms need to consider and adopt new approaches of innovation, manufacturing, procurement, and logistics.

Relevance (why am I doing this and how is it relevant to my learning?)

The task will develop your skills and the application of latest OM concept and theory in a real world context or firm (manufacturing or service industries) in which you are regularly involved. Specifically, you are expected to select and answer one of the following core questions for Industry 4.0 and smart enabling technologies (choose one):-

Q1: How do firms exploit smart enabling technologies and digitisation to yield competitiveness?
Q2: How do firms utilise Big Data to improve the effectiveness and efficiency of production and services?
Q3: How does Industry 4.0 implementation influence the design of manufacturing and service systems, and the workplace?
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My Assignment Help. Operations Management And Business Analytics [Internet]. My Assignment Help. 2021 [cited 17 April 2021]. Available from: https://myassignmenthelp.com/free-samples/mgmt20130-operations-management-and-business-analytics/digital-farming.html.


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