An Approach to Building a Smart Decision-Making Process in a Manufacturing Organization in Terms of Profitability

Abstract

The manufacturing industry, with globalization and information technology, is facing cost pressure, low profits, technology difficulties and many other challenges. Enterprises need to strengthen cost management, improve production efficiency, and meet customer demand to cope with the increasingly complex competitive market. Here, our research in this area becomes important. This paper presents a new approach for building a smart decision-making process specifically in manufacturing organizations in terms of profitability. It emphasizes the importance of profitability-based decision making. The basic steps and modules required to build a profitability-based decision process are described. The advantages of this decision-making system are that it can help companies maximize profits, increase productivity, and meet customer demand for order adjustments.

Keywords

• linear programming model
• analytic hierarchy process
• queuing theory
• manufacturing
• profitability
• smart decision-making process