Virginia Tech ISE 4204 - Day+2-Operational+Strategies (29 pages)

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Day+2-Operational+Strategies



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Day+2-Operational+Strategies

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Pages:
29
School:
Virginia Polytechnic Institute and State University
Course:
Ise 4204 - Prod Plan & Inv Ctrl

Unformatted text preview:

Re industrialization discussion Groups of 4 or 5 Within your group of 4 or 5 people create an electronic document that includes the names of those in your group and results from your discussion on these three questions Submit document to Scholar under filebox not assignments 1 Is US Manufacturing rising or in decline 2 What is an innovation hub Pros or Cons 3 What direction should American manufacturing take for future success Don t forget to include your names and submit to filebox 1 Nahmias Textbook Chapter 1 OPERATIONAL STRATEGY DEVELOPMENT Recent trends in Operational Strategy drive current studies and behaviors Global Competition Emphasis on Quality Timeliness Cost Flexibility Focus on the Entire Supply Chain Environmental Awareness 5 According to the National Center for Manufacturing Sciences Global Competitiveness is the degree to which a nation can under free and fair market conditions produce goods and services that meet the tests of international markets while simultaneously maintaining or expanding the real income of its citizens How can we measure the success of global competition Famed management guru Michael Porter has developed a theory to explain the determinants of national competitive advantage 1 Factor Conditions 2 Demand Conditions 3 Related and Supporting Industries http www mdaniels com why do competingstores locate near one another 4 Firm Strategy structure rivalry 2005 McGraw Hill Irwin Recent trends in Operational Strategy drive current studies and behaviors Global Competition Emphasis on Quality Timeliness Cost Flexibility Focus on the Entire Supply Chain Environmental Awareness 8 The meaning of Quality is dependent on the context and your corporate strategy What defines the standard for each aspect of quality What do customers expect wrt Quality Quality Score for Google is an estimate of how relevant your ads keywords and landing page are to a person seeing your ad Having a high Quality Score means that our systems think your ad keyword



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