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MGMT20130 -Operations Management And Business Analytics

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You will write a concise business report aims to report the latest trends of operations management (OM) and technology development. We know 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 Big Data 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, computer-embedded 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.
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My Assignment Help. Operations Management And Business Analytics [Internet]. My Assignment Help. 2021 [cited 10 April 2021]. Available from: https://myassignmenthelp.com/free-samples/mgmt20130-operations-management-and-business-analytics/latest-trends.html.


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