Logistics and Operations Management Essay Example | Topics and Well Written Essays - 4500 words - 1

Logistics and Operations Management - Essay Example Therefore, logistics and operations management (LOM) is the larger field that is concerned with the direction of activities targeted at the creation of goods and services by transforming inputs. Further, LOM also involves ensuring that these goods and services are sold profitably (Burke 2007, p. 47). In every industry and organization, LOM covers the entire supply chain starting from acquiring raw materials, through the production process, distribution and consumption. This makes supply chain management a crucial component of LOM for every industry and business. For instance, the construction industry is one of the most critical sectors in Europe and is still going through vital transformations focused on green and sustainable construction. At the same time, the industry is also keen to capitalize on the opportunities offered by the digital economy to maximize effectiveness and efficiency in productivity (Mallik 2010, p. 16). Basing on the nature of its operations, the construction i ndustry is one that can be said to be characterised more by short or long term projects rather than the production, marketing, distribution and selling processes of the consumer products market. This aspect further complicates the LOM of the industry and will require highly detailed and professional project management (Flick, Kardorff & Steinke 2004, p. 206). Being among the most globally adverse businesses, the construction industry cannot avoid transformation. This paper will use theory to suggest reengineering of the construction industry’s supply chain and project management and the advantages that would be realised by employing suitable processes. To achieve this, it will be imperative to first analyse and describe the current position and the inherent weaknesses and then propose the necessary changes. This research will primarily aim to bring to light the factors that hinder the successful