Operations management in the context of "Supply chain management"

Lean manufacturing is an American invented method of manufacturing goods aimed primarily at improving efficiency within the production system as well as response times from suppliers and customers. Its earliest applications can be traced back to German manufacturing principles, first implemented during the Industrial Revolution in agricultural production and small factories. However, the term "Lean" was not used to describe these and other manufacturing efficiency methods and philosophies until the 1980s.

Before WWII, Dr. William Edwards Deming began to formalize the first true "Lean" philosophy for modern manufacturing while working for the US Bureau of Statistics. Later, Deming invented the first "Lean" manufacturing method and management philosophy, known as Total Quality Management, which continues to be used as the foundational teachings of Lean today. From there, the Just-in-time manufacturing (JIT manufacturing) process grew, first in Japan and then around the world. Just-in-time manufacturing tries to match production to demand by only supplying goods that have been ordered and focuses on efficiency, productivity (with a commitment to continuous improvement), and reduction of "wastes" for the producer and supplier of goods. Lean manufacturing adopts the just-in-time approach and additionally focuses on reducing cycle, flow, and throughput times by further eliminating activities that do not add any value for the customer. Lean manufacturing also involves people who work outside of the manufacturing process, such as in marketing and customer service.

Financial planning and analysis (FP&A), in accounting and business, refers to the various integrated planning, analysis, and modeling activities aimed at supporting financial decisioning and management in the wider organization. See Financial analyst § Financial planning and analysis for outline, and aside articles for further detail. In larger companies, "FP&A" will run as a dedicated area or team, under an "FP&A Manager" reporting to the CFO.

FP&A is distinct from financial management and (management) accounting in that it is oriented, additionally, towards business performance management, and, further, encompasses both qualitative and quantitative analysis. This positioning allows management—in partnership with FP&A—to preemptively address issues relating, e.g., to customers and operations, as well as the more traditional business-finance problems.Relatedly, although Budgeting and Forecasting are typically done at specific times in the year—and correspondingly cover specific time periods—FP&A, by contrast, has a wider brief re both horizon and content. "FP&A Analysts" thus play an important role in every (major) decision by the company—ranging in scope from changes in headcount to mergers and acquisitions.

Budapest University of Economics and Business (BUEB) (Hungarian: Budapesti Gazdaságtudományi Egyetem) is a public business school specializing in business studies and social sciences, located in Budapest, Hungary. It was founded in 1857 by the merchants and bankers of Austria-Hungary. It is the oldest public business school in the world, and the second oldest among all business schools, after the ESCP Business School in Paris.

BUEB is the largest business school in Hungary. It conducts education and research in areas such as leadership, economics, operations management, marketing, entrepreneurship, and organizational behavior. The school offers 12 bachelor's degree programs, usually in English, French, German, or Hungarian, and 12 master's degree programs, including Master of Finance, Master of Management (equivalent to an MBA), Master of International Business, and Master of Tourism Management. It also offers a PhD in Management and other post-graduate professional qualifications.

The Eller College of Management (Eller) is a business school at the University of Arizona located in Tucson, Arizona. The Eller College of Management began in 1913 as bachelor's degree program in commerce before becoming the University of Arizona School of Business and Public Administration in 1944. In 1999, the school was renamed the Eller College of Management in honor of its primary benefactor Karl Eller, an entrepreneur and alumnus of the University of Arizona. It is one of the largest colleges at the University of Arizona, with over 5,400 undergraduate students and nearly 700 graduate students.

Eller employs over 130 faculty members, and offers programs in Accounting, Economics, Finance, Marketing, Management Information Systems (MIS), Operations Management, Entrepreneurship, Business Administration and Management and Organizations.