RSM100Y1 Chapter 10: Production and Operations Management
Document Summary
What business we are, who we"re trying to sell to. Fill strategic hole between you and ultimate consumer. Bridge gap between today"s reality and future vision. Who are we, what business do we do. Boost combined performance, share best practices, move money as needed. Research, integrate intuition with analysis, develop long range plans, diagnosis. Temptation to mass produce instead of making what customers want. Automation, information technology reduces need for workers, inventory. Data about sales for short term forecasts, design production schedules to meet forecasts. Reduce raw material to component/individual part to extract marketable product. Machines frequently shut down, changed to produce difference products. Analyze computer-aided design output, steps needed to produce. Flexible manufacturing system: workers can quickly change to manufacture different products. Increase productivity, equipment utilization, quality, decrease design costs. Machinery purchases, pricing decisions, selection of retail outlets. Has all inputs at right time and place.
