The Growing Need for Operations Management in India: A Look at the Driving Factors - Dheeraj Gupta

Operations management is a critical component of any organization's success, and it has become increasingly important in India in recent years. This article will explore the driving factors behind the growing need for operations management in India, including the penetration of e-commerce, the revival of the economy, the implementation of GST, the Make in India initiative, easier regulations on investments for FDI, technology revamping, and improvements in infrastructure.

Major Drivers of Growth:

• E-commerce penetration:

With the widespread adoption of e-commerce in India, businesses have had to adjust their operations to meet the demands of online customers. Operations management plays a key role in ensuring that businesses can effectively manage their online orders, fulfillment, and customer service.

• Economy revival:

The recent revival of the Indian economy has created new opportunities for businesses to grow and expand. Effective operations management can help businesses take advantage of these opportunities by optimizing their production processes and supply chains.

• GST implementation:

The implementation of the Goods and Services Tax (GST) has simplified tax compliance for businesses in India. Operations management can help businesses effectively manage their GST compliance, ensuring that they are able to take advantage of the benefits of this new tax regime.

• Make in India initiative:

The Make in India initiative aims to promote domestic manufacturing and increase employment in India. Operations management can help businesses improve their manufacturing processes and supply chains, enabling them to take advantage of this initiative and grow their operations in India.

• Easier regulations on investments for FDI:

India has made it easier for foreign investors to invest in the country. Operations management can help businesses effectively manage their investments, ensuring that they are able to maximize their returns and take advantage of the opportunities available in the Indian market.

• Technology revamping:

The rapid pace of technological change has created new challenges and opportunities for businesses in India. Operations management can help businesses effectively manage these changes by optimizing their technology systems and processes.

• Improvement in infrastructures:

Improvements in infrastructure, such as transportation and logistics, have made it easier for businesses to operate in India. Effective operations management can help businesses take advantage of these improvements by optimizing their supply chains and logistics processes.

In conclusion, the need for operations management in India has been gaining momentum in recent years due to a variety of factors, including e-commerce penetration, the revival of the economy, the implementation of GST, the Make in India initiative, easier regulations on investments for FDI, technology revamping, and improvements in infrastructure. Businesses that effectively manage their operations in India will be well-positioned to take advantage of the many opportunities available in this rapidly-growing market.

About Author:

Dheeraj Gupta, Logistics Professional, B.Tech( Mech. AMIE) MBA (Operations) having rich experience of 15+ years while associating with Project Logistics Management for various Domestics & International Power, Renewable Energy, Refinery and Petrochemical Construction Projects.

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