In simple terms, OR deals with Optimization <<Another slide>> This subject is highly interesting to a few, and extremely boring to many. It is boring on the surface, until you delve deep.
<< Two clicks>> With respect to planning, what does optimization mean? Optimization is a decision making process. It employs mathematics and algorithms. It can generate better plans, which requires less resources for a given business objective. And, It can come up with plans faster than humans.
In a Manufacturing company, manager undertake various planning exercises, Some of which are listed here.  – Supply Chain Network Optimization This is a planning exercise, undertaken yearly or once in every few years, to find out the best places to locate plants and warehouses, considering Various cost, supply and demand patterns, so that the Overall production and distribution cost is minimized.  – Sourcing selection Given a demand pattern and production target, and various suppliers location, cost, transportation, Taxes, and service level, whom to pick and how much To order, and in what lot sizes.  – Production Planning Given a production target and resources, Come up with a production plan and schedule that leads to overall least production cost.  – Revenue / Yield management Based on flucation in demand, competition, and The inventory build-up, identify best prices, discounts, and Commissions to increase the sales and profit.  – Transportation scheduling
Add this Conference on “ Warehousing & Cold Chain Infrastructure” 28 June 2013, Hotel Hilton, Chennai