Virginia Tech ISE 4204 - Day+1+-+Operational+Strategies+Post (11 pages)

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Day+1+-+Operational+Strategies+Post



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Day+1+-+Operational+Strategies+Post

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Pages:
11
School:
Virginia Polytechnic Institute and State University
Course:
Ise 4204 - Prod Plan & Inv Ctrl

Unformatted text preview:

Production and Operations Analysis 6th Edition Steven Nahmias Special Edition specific for this class is available at bookstore and used Syllabus Details What defines a good manufacturing or service company What matters to you as consumer What drives CORPORATE STRATEGY Textbook 1 Markets in which to compete 2 Level of investment 3 Means of allocating resources and integrating separate business units Vision Mission Goals for Google Who we are What we believe What we do Google s mission is to organize the world s information and make it universally accessible and useful http www google com about company Traditional strategies were to differentiate based on low cost or on product offering What companies have differentiated themselves by low cost What companies have differentiated themselves by product offering 7 Manufacturers must differentiate themselves on facets beyond cost and product Textbook section 1 2 Quality How would you define a quality phone What is quality if you are the manufacturer Delivery Speed Delivery Reliability Flexibility 8 Operational Strategy is a strategy to achieve leadership in either cost quality delivery speed delivery reliability or flexibility Strategy drives operations which drives business effectiveness Focus of this class is on process for executing in Operations Management without losing sight of the Operational Strategy 9 For Class on Thursday read up on the following questions You will be expected to contribute in class via discussion and written response on these questions 1 2 3 Is US Manufacturing rising or in decline What is an innovation hub Pros or Cons What direction should American manufacturing take for future success http www bls gov opub mlr 2013 article industry employment and output projections to 2022 18 htm http research stlouisfed org fred2 series MANEMP 14 http www globalresearch ca ouput vs employment americasdisappearing jobs 5324614 What is the status of U S manufacturing Read Section 1 1 in text Inst for Supply



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