Operations Management

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4 domain-specific abstractions whose origin domain is Operations Management.

• Demand forecasting — The conditional prediction of future quantities customers will demand over specified horizons from historical observations, market information and explicit assumptions.
• Lean enterprise — An organization-wide management practice that defines customer value, maps value streams, improves flow and pull and pursues continuous waste reduction across functional boundaries.
• Theory of constraints — A management method that improves system throughput by identifying the current limiting constraint and subordinating other decisions to it in a repeating focusing cycle.
• Workforce management — An organizational process aligning labor demand with staffing, schedules, skills, attendance and operational constraints.