ITM 410 Lecture Notes - Lecture 11: Demand Forecasting, Maximum Capacity, Planning Horizon

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 410
• Professor: Vanessa Magness

Document Summary

Three key drivers of complexity in manufacturing operations in the new millennium. Pressure to reduce costs throughout the whole value chain. Another report that describes the characteristics of those companies that are successful at managing the pressures resulting from global complexity. Improved internal business processes in the areas of customers, products, and supply chains: efforts directed to increased activity related to marketing, sales and customer service. Better use of technology to increase integration within and among these three areas (customers, products, and supply chains) Better general capabilities in the areas of collaboration, flexibility, visibility, and technology. Trends in global manufacturing companies are four key components of effective, integrated production processes in more depth: production innovation, production process innovation, supply chain management, management accounting systems. Enterprise systems facilitate the integration of product design, manufacturing and marketing. Innovation in value chain, from product design through purchases and servicing product. Collaboration between design and manufacturing for defect-free products.