This new edition captures the essence of the changing global management culture as applicable to the practicing discipline of Production and Operations Management. New to this edition: * New Quality Concepts and Initiatives, TQM and Six Sigma * Product Design * Supply Chain Management * Cellular Manufacturing SALIENT FEATURES * Reorganization of the chapters into thematic sections * Introduction at the beginning of each set of chapters * Success stories of Indian business practices as Highlights * Numerous examples to aid better understanding of the concepts * Thought provoling questions and problems at the end of the chapters An indispensable text for students of Management, ICWAI, and IIB courses