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Lecture Principle of inventory and material management - Lecture 1
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Lecture Principle of inventory and material management - Lecture 1
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Lecture 1 Course Introduction. In this chapter, the learning objectives are: How is this course organized? what is inventory and material management management? a historical perspective. | Principle of Inventory and Material Management LSM736 Lecture 1 Course Introduction What Will We Do Today? How is this course organized? What is Inventory and Material Management Management? A Historical Perspective 3 What is Operations Management? Business strategy selecting market(s) to compete level of investment allocation of resources functional area strategy marketing finance production and operations 4 What is Operations Management? OM = Designing, operating, and improving the systems that deliver the firm’s primary products and services Operations Management = Strategy Execution Time Flexibility Quality Cost 5 Strategy Execution 1. What is our strategy? 2. How do we design our operations to support it? Product / Service Development Supply Chain Management Process Design and Management 6 What types of problems does OM address ? Example #1: Manufacturing - Supply Chain Management T3 T3 T3 T3 T3 T2 T2 T2 T1 T1 OEM W C C C C C R R W .com 7 What types of problems does OM address ? | Principle of Inventory and Material Management LSM736 Lecture 1 Course Introduction What Will We Do Today? How is this course organized? What is Inventory and Material Management Management? A Historical Perspective 3 What is Operations Management? Business strategy selecting market(s) to compete level of investment allocation of resources functional area strategy marketing finance production and operations 4 What is Operations Management? OM = Designing, operating, and improving the systems that deliver the firm’s primary products and services Operations Management = Strategy Execution Time Flexibility Quality Cost 5 Strategy Execution 1. What is our strategy? 2. How do we design our operations to support it? Product / Service Development Supply Chain Management Process Design and Management 6 What types of problems does OM address ? Example #1: Manufacturing - Supply Chain Management T3 T3 T3 T3 T3 T2 T2 T2 T1 T1 OEM W C C C C C R R W .com 7 What types of problems does OM address ? Example #2: Bank Services Loans Deposits Credit Cards 8 What types of problems does OM address ? Example #3: R&D – New Product Development Phase 0 Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Planning Concept Development System-level Design Detail Design Testing and Refinement Production Ramp-Up Adapted from U&E 2002 9 Types of Decisions in OM Strategic decisions (long-term impact) Tactical decisions (mid-term impact) Operational decisions (short-term impact) 10 Strategic Decisions How much capacity do we need? How should our staff be trained? Which projects should we invest in? Manufacturing Services Prod. Development Strategic questions that operations managers ask and respond to 11 Tactical Decisions Manufacturing Services Prod. Development Tactical questions that operations managers ask and respond to Should we have finished goods inventory or should we make-to-order? What types of queues should we employ in Hartsfield? Do we need to exchange preliminary information with mfg?
TÀI LIỆU LIÊN QUAN
Lecture Principle of accounting - Chapter 1: Overview of accounting
Lecture Principle of accounting - Chapter 2: Accounting equation
Lecture Principle of accounting - Chapter 3: The accounting documentation in business
Lecture Principle of accounting - Chapter 4: The measurement bases
Lecture Principle of accounting - Chapter 5: The use of ledger entry
Lecture Principle of accounting - Chapter 6: The trial balance
Lecture Principle of accounting - Chapter 7: The basic financial statements
Lecture Financial markets - Lecture 2: The universal principle of risk management: Pooling and hedging of risk
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