ITM 410 Lecture Notes - Lecture 15: Manufacturing Resource Planning, Geometric Modeling, Master Production Schedule

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 410
• Professor: Lin Ying Dong

Document Summary

Key drivers of complexity and key characteristics of success. Pressure to reduce costs throughout the value chain. Pursuit of new, lucrative markets and channels. Key characteristics of companies that successfully manage global complexity. Improved internal business processes in the areas of customers, products, and supply chains (increased activities in marketing/sales and customer service; better innovation, engineering, r/d; improved sourcing, manufacturing, distribution for supply chains. Better use of technology to increase integration. Better general capabilities in the areas of collaboration, flexibility (product/process/schedule), visibility, technology. Combination of processes and procedures used to ensure the delivery of goods and services to customers at the lowest cost and highest value. Challenges of the manufacturer may be more problematic than those of the merchandisers because manufacturers must forecast demand, determine lead times, monitor inventory levels for numerous raw materials, and plan for the manufacture of finished goods. Cost information is used for strategic management of products and processes throughout the value chain.