COMMERCE 4BE3 Lecture Notes - Lecture 6: Design Engineer

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 4BE3
• Professor: Carolyn Capretta

Document Summary

Supply ma(cid:374)age(cid:373)e(cid:374)t"s relatio(cid:374)s with other depart(cid:373)e(cid:374)ts: supply (cid:373)a(cid:374)age(cid:373)e(cid:374)t depa(cid:396)t(cid:373)e(cid:374)t is hu(cid:271) of la(cid:396)ge pa(cid:396)t of (cid:272)o(cid:373)pa(cid:374)y"s (cid:271)usi(cid:374)ess a(cid:272)ti(cid:448)ity, sm has ties to all departments of company, figure 3. 1. In making new products engineers prepare technical specifications of materials of a concurrent approach: however, engineers are inclined to seek the best material with little regard to costs, availability and functional need. It is easing the relationship of sm and management as there is mrp and erp systems. Sm and quality: quality professionals should be involved in sm from product development, sourcing, and supplier development to minimize defects, quality role changes when manufacturing is outsourced. If outsourced, quality job is to monitor and provide technical assistance. Sm and finance: finance has 2 responsibilities, obtaining funds and overseeing their use, poor financial execution and planning is main part of business failure, sm manages 80% of financial resources.