Dsc 5530 lecture 3
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This document outlines a lecture on operations strategy in a global environment. It discusses the advantages of global operations such as reducing costs and attracting new markets. It provides examples of mission statements from companies like General Motors, Coca-Cola, and General Electric. It also discusses the concepts of operations strategy, competitive advantage through operations, and the ten strategic operations management decisions. Finally, it provides an agenda for upcoming classes that will cover topics like forecasting and strategic analyses.
Dsc 5530 lecture 3
- 1. DSC 5530 Production and Operations Management Dr. Ibrahim Salama Dr. Robert Radics 2016 Fall Semester DSC 5530 Production and Operations Management
- 2. Lecture 3 Outlines 2 Team Presentations- Intellectual Research Assignments Suggestions Operations Strategy in a Global Environment G6 presents Operations Strategy in a Global Environment DSC 5530 Production and Operations Management
- 3. Operations Strategy in a Global Environment 3 Advantages of global operations • Reduce costs • Improve supply chain • Provide better goods and services • Attract new markets • Learn to improve operations • Attract and retain global talent DSC 5530 Production and Operations Management
- 4. Operations Strategy in a Global Environment 4 Mission statements General motors: ”It is dedicated to provide products and services of such quality that our customers will receive superior value while our employees and business partners will share in our success and our stock-holders will receive a sustained superior return on their investment” Coca-Cola "to refresh the world, to inspire moments of optimism and happiness, and to create value and make a difference.“ General Electric “GE imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world.” DSC 5530 Production and Operations Management
- 5. Operations Strategy in a Global Environment 5 Strategy An organization’s action plan to achieve the mission 3-5 years Monitor and adapt DSC 5530 Production and Operations Management
- 6. Operations Strategy in a Global Environment 6 Competitive Advantage by Operations •Differentiation •Low cost •Response DSC 5530 Production and Operations Management
- 7. Operations Strategy in a Global Environment 7 The ten Strategic OM Decisions 1. Goods and service design 2. Quality 3. Process and capacity design 4. Location selection 5. Layout design 6. Human resources and job design 7. Supply-chain management 8. Inventory 9. Scheduling 10. Maintenance DSC 5530 Production and Operations Management
- 8. Operations Strategy in a Global Environment 8 DSC 5530 Production and Operations Management http://mrdashboard.com/index.php/product-life-cycle/
- 9. Operations Strategy in a Global Environment 9 DSC 5530 Production and Operations Management http://articles.bplans.com/how-to-perform-swot-analysis/ Strategy development and implementation SWOT analysis SWOT example from a hypothetical, medium-sized computer store in the United States
- 10. Operations Strategy in a Global Environment 10 Strategy development and implementation Identify Critical success factors DSC 5530 Production and Operations Management https://www.mindtools.com/pages/ar ticle/newLDR_80.htm
- 11. Operations Strategy in a Global Environment 11 Build the staff the organization DSC 5530 Production and Operations Management http://purchasinginsight.com/resou rces/the-purchasing-process/
- 12. Operations Strategy in a Global Environment 12 Build the staff the organization DSC 5530 Production and Operations Management
- 13. Next Classes 13 Thursday (08/25): Operations Strategy in a Global Environment Tuesday (08/30): G5 presents Forecasting Thursday (09/01): Submitting the mission of a company and a.) theoretical SWOT analysis (2-3 by category) of b.) the strategic ideas of the 10 Strategic OM Decisions (one sentence of each) DSC 5530 Production and Operations Management