Business Competitiveness Through Operational Excellence

Business systems utilizes various types of resources such as man, machine, materials, land, capital, energy, knowledge, etc. An efficient business system ensures the smooth coordination of resources for achieving the desired objectives.  Operational excellence is essential for creating and sustaining the business competitiveness.
Production Planning & Control determines the effectiveness of a business. The highest efficiency in production is obtained by manufacturing the required quantity of product, of the required quality, at the required time, by the appropriate and cheapest method. To attain this target, management employs various operational excellence practices including Lean thinking, Agile manufacturing, etc the techniques that enables an organization to respond quickly to customer needs.
However, the role of operational excellence in organization competitiveness is still not well understood by practitioners.