Management by the numbers
|Management by the numbers|
Management by the numbers is broad concept involving using gathering of statistics data, applying mathematical and numerical methods as a main and (sometimes) only technique used by management. This concept is closely related with operations management and both uses same methods and techniques in:
- decision making,
- performance planning and monitoring,
- capacity planning,
- inventory management,
- supply chain optimization,
- scheduling and project management,
- resource planning,
- forecasting and simulation.
The concept of management by the numbers completely ignores aspects of social relations prevailing in the organization, the relationship between employees and management, communication, motivation, etc.
- Cesarone, J. (2007). Project management by the numbers: How earned value analysis can keep you on track. Industrial Engineer, 39(11), 36-42.
- Chase, J. (2012). Operations management. Tata McGraw-Hill.
- Hummel, R. P. (2006). The Triumph of Numbers Knowledges and the Mismeasure of Management. Administration & Society, 38(1), 58-78.
- Krajewski, Lee J., Larry P. Ritzman, and Manoj K. Malhotra. Operations management. Vol. 8. Prentice Hall, 2001.