GMS 401 Lecture Notes - Lecture 2: Material Requirements Planning, Continual Improvement Process, Computer Virus

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Robert Meiklejohn

Document Summary

Competitiveness the ability and performance of an organization in the marketplace compared to other organizations that offer similar goods or services. Order qualifiers are those purchasing criteria that customers perceive as minimum standards of acceptability for purchase, however these my not be sufficient to get a customer to purchase from the organization. Order winners those purchasing criteria that cause the organization to be: The unit production of a good or performance of a service to the organization. Organizations that compete based on cost (i. e. , price from a customer"s perspective) emphasize lowering their operating costs. From an organization"s perspective means determining customers" quality requirements. Translating these into specifications for goods or services, and consistently producing goods or performing services to these specifications. Refers to being able to produce a variety of goods or performing a variety of services in the same facility. This also includes customization, which is modifying goods or services to meet the requirements of individual customers.