About Us
Over the last two decades, the availability of raw materials, component parts, finished products and even services in world-wide markets, rapidly evolving consumer needs and perceptions of quality, and the ever-growing international competition have cost many organizations their competitive edge. Experts predict that by the turn of the century, 73 percent of all new businesses will be with international clients. A company's ability to provide efficient work practices and deliveries on a global basis will determine its probability of survival.
The Management Science and Operations Management fields are in fact two distinct fields, jointly addressing the managerial priorities of manufacturing and service.
The Management Science field is concerned with the development of a
broad set of quantitative problem solving tools which may be used:
1) as aids in decision making, or 2) as computerized and fully automated
planning and control tools in all functional areas of management including
personnel management, financial management, operations management, information
systems, marketing and distribution. Thus a Management Science education
is fundamental to all functional areas of business.
On the other hand, the Operations Management field is concerned with strategic, tactical, and short term managerial issues relating to the efficient production of services and products. Examples of such issues are: manufacturing technology selection, facility location (for both manufacturing and service facilities), facility design, strategic, tactical and operational planning and control, quality control, manpower scheduling, large scale project management, contract management.