Production management. Fundamental issues, even in the digital age

      Аннотация: Digitization, virtualization, and appreciation of services are some buzzwords of the 21st century. However, it should not be overlooked that production at the level of the economy and the consumer remains essential: the smart home cannot function without physically manufactured gadgets and sensors, the application needs some kind of iron to run, and a horde of servers backs cloud computing. Moreover, without managing production as a core corporate process, marketing, logistics, maintenance, and even financial and accounting planning would hang in the air. Although several modern solutions are available, basic knowledge cannot be missed. Using ERP systems seems simple, but an expert must know the fundamental context and correlation of production management challenges.

Ключевые слова: Production Management, operations management, Industry 4.0, capacity, throughput