Operations Management can be considered the core which manages the various flows like goods or services, information, funds for attaining the organizations goal of maximizing their stakeholder value. It is no longer the quaint cost-center looking at the transformation of input into output, but is the all-important black box which orchestrates this transformation smoothly, in order to deliver maximum value to the consumer, while minimizing the costs of the flow. With the level of complexity rising in this Volatile Uncertain, Complex, Ambiguous (VUCA) world, it can be considered as a competency which can help in bringing in efficiency and stability in the system. From the economy transitioning into a sharing space the challenges are many and organizations are restructuring their space and operations to be responsive and agile whereas a few tears back the focus was on strengthening the factories and service delivery. To remain competitive in this world a comprehensive and analytical end-to-end view of operations, from sourcing & manufacturing to finally delivering to the customer and also the reverse cycle of logistics, is vital.
The objective of the center is to provide a platform for creating and exchanging knowledge and best practices in the area of operations management through research, consultancy and industry interactions to solve contemporary problems. COSCM intends to leverage the knowledge and expertise gained from the research rigor to provide result driven consulting services and to support organizations through their challenges and move towards profitability, sustainability and success. The Focal areas are supply chain, transportation, technology, innovation, manufacturing & services across different Industry verticals like power, retail, agriculture and infrastructure. It also explores operations interface with other functional areas like Marketing, Information Technology, Finance and HR.
The members of the center are actively publishing papers/articles in top ranked operations and supply chain management journals. Through their incessant effort they are also developing international thought leadership profiles in their respective fields and actively collaborating with centers around the World.
Primary Focus / Thrust Areas of the Center:
The primary focus areas of the center include:
- Manufacturing Operations Management
- Service Operations Management
- Healthcare Supply Chain Management
- Agriculture Supply chain
- Culture and Operations
- Project Management
- Performance Measurement
- Supply Chain Risk Modelling
- Supply Chain Strategy
- Sustainability and Circular Economy
- System Dynamics
- Technology Management
- Reverse Supply Chain
The center also looks at the implications of the emerging trends like industrial revolution 4.0, artificial intelligence, block-chain technologies, 3D printing, Internet of things etc. on operations management.
Research Themes and Goals of the Center:
GOALS of the Center: The research at COSCM aims to benefit students, academic researchers, policy and decision makers, management consultants, business managers, and the wider public. It aims to provide a medium for discussion and dissemination of ideas through publications. The center members conduct scholarly and rigorous research projects using a mixture of methods including theory construction, modelling, testing and developing application-based tools by working closely with industry and other research organizations. The major thrust area of the center as of now are as follows:
- Industry 4.0
- Sustainable Transport
- Sustainable Healthcare
- Spare Parts Management