Upcoming Trends in Operations Management _ Pardeep Singh Attri _ LinkedIn

7/23/2019 Upcoming Trends in Operations Management _ Pardeep Singh Attri _ LinkedIn

1/22

9/3/2015 Upcoming Trends in Operations Management | Pardeep Singh Attri | LinkedIn

https://ww w.l inkedi n.com /pul se/upcom ing- tr ends- oper ati ons- managem ent- par deep- si ngh- attr i 1/22

Upcoming Trends in Operations Management

Operations management is mainly concerned with the effective production of

resources, especially regarding the processes and designs. The resources are

transformed into more functional products. With the extensive global

competition, there are evolving trends which need to be applied towards business

development.

These are the upcoming trends one must consider:

In the future, variety of high quality products for short time

production is expected from firms.

Nowadays, everything is possible. Even the invention of high-tech machines will

totally result to fast production. Lessening the span of time for manufacturing

cycle will contribute to the speed and more production of goods. When a certain

company offers products on similar quality and price, there will be fast

distribution and purchase. As a result, the industry will have an edge over other

firms.

If there is an abundant supply, there will be a smooth distribution of goods. When

it comes to exportation, other countries will continue to purchase the variety of

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9/3/2015 Upcoming Tr ends in Operations Management | Pardeep Singh Attri | LinkedIn


products. Having a variety means that there are a lot of options for the

consumers.

Environmental Responsibility will be a major concern in business

production.

Production managers nowadays must also be more concerned with environmentprotection. Specifically, waste disposal and pollution control must be taken into

great consideration. This promotes social responsibility among consumers. An

emphasis on waste reduction and recycling are also included on the

environmental concerns. Power plants are also utilized on proper way.

To respond to the environmental issues, the energy sector continues to devise

helpful ways on how to attain an eco-friendly environment. Similarly, the

application of enhanced mechanical engineering concepts gives way to quality

production.

There will be a great need for application of more innovative

strategies.

A business industry has its own set of strategies which are anchored with the

available resources. For the inputs, materials, facilities, information, and

customers are involved. Within the strategy, planning and designs are given

attention. For the final output, good products and services are introduced to themarket. Happy customers are satisfied with what they purchase.

Versatility will be a required skill in order to survive in market

competition.

This pertains to the ability of immediately adapting to whatever changes that may

occur. Specifically, a manufacturer must be able to meet the standards of the

consumers when it comes to demand.

Quality management must be observed in the succeeding years.

This is a common strategy adapted by most businesses. The ultimate goal is

satisfaction of customer on the distributed products. Unlimited ways must be

discovered to improve quality over time. Leaders must always strive for

innovations and improvement.

Employee Involvement will result to absorption of fresh ideas.

Within an organization, the opinions of workers also matter. For an effective

project management, there must be an active involvement among the employees
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3/22

9/3/2015 Upcoming Tr ends in Operations Management | Pardeep Singh Attri | LinkedIn

https://www.linkedin.com/pulse/upcoming-trends-operations-management-pardeep-singh-attri 3/22

Written by

on the low level of business firm.

With the prior knowledge for the upcoming trends in Operations management,

even a small business firm can be at par with those large corporations. Success

will not stay as a mere dream as long as a business owner adapt to modernization.

Photo credit - ShutterStock

What exactly is wrong with Indian stock markets ?

Since last Monday, Indian stock markets have been falling like nine pins. Every

rise is met with more vigorous selling. It does sound surprising that an economy

that is slated to grow faster than the rest of the world is falling so sharply. Scratch

the surface, and there is a method and an inherent logic to the madness. There

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4/22



are very strong and cogent reasons why the Indian markets are falling. Let us look

at some of the key factors...

The GDP effect...

We began the year with optimistic GDP estimates of 7.8% for the fiscal year 2015-

16. That looks like a distant dream now. Indian would be extremely happy to growat 6.8%, and that too sounds optimistic now. Remember, a 1% downgrade in GDP

translates into a wealth destruction to the tune of $20 billion. That is

approximately a 15% downward revision in the market capitalization. So the Nifty

falling from 9100 to 7700 can be explained by the arithmetic of the GDP effect

itself.

Forget price, even P/E ratios may be unsustainable...

Any bull market has 3 distinct phases. First markets try to catch up with company

growth. Then markets move at par with company growth. And finally, growth is

expected to catch up with market expectations. That is the point when P/E ratios

enter the realm of crazy valuations. As growth falters (remember, we have had 3

consecutive quarters of negative top-line and bottom-line growth), we may see a

compression of P/E ratios. While a lot of the P/E compression will be captured by

the erosion of market cap, it also tends to exert a distinct pressure on markets.

Too much of toxic balance sheets...

That is the real challenge for Indian companies. Banks are sitting on a mountain

of bad debts. With economic revival still elusive, a restructuring of loans is at best

a temporary solution. It just about postpones the inevitable. The day Indian

banks make a realistic provision of their irrecoverable dues, we will have a

realistic picture of bank balance sheets. Corporate balance sheets are hardly

better off. There are at least 7-8 major business groups in India, that are saddled

with unsustainable debt. We also need to factor the huge dollar debt which must

have increased substantially by now to adjust for a stronger dollar. Toxic balance

sheets have drawn a veil over the real corporate picture.

Abracadabra, Reforms Agenda has vanished...

This is probably the most important point as far as foreign investors are

concerned. There is a premium on a credible reforms process and a reforms

agenda. The incumbent government came to power 15 months back with a lot of

promise and panache. At the end of 15 months, the government has not even been

able to match the performance of its BJP predecessor the Vajpayee government

in 1999. The Vajpayee government gave a big push to reforms by facilitating

disinvestment, opening up telecom and giving a big thrust to infrastructure.
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5/22



Written by

Despite a thumping majority in the Lok Sabha, the current government has not

even achieved a fraction of what the Vajpayee government managed despite being

the head of a fractious coalition. While investors are still putting up a brave face,

the patience is wearing thin. If you are wondering why FIIs withdrew Rs.15,500

crore in August 2015, here is the answer.

Those of who keep clinging to the great India growth story, need to sit back andreflect. The truth is that the markets in India are correcting for very cogent

reasons. India had the unique benefit of cheap oil and cheap commodity prices,

which could have been a golden opportunity to push the reforms agenda through.

Looking at the equity markets, it looks like "Acchhe Din (Happy Days)" may

continue to be elusive!

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Upcoming Trends in Operations Management _ Pardeep Singh Attri _ LinkedIn