MGCR 472 Lecture Notes - Lecture 1: Operations Management, Product Differentiation
8 Sep 2015
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Document Summary
Differentiate business strategy and operations strategy: business strategy can be defined as the means by which a company goes about in, operations strategy is consistent with business strategy. achieving their corporate objectives, the focus is narrowed down to how an organization allocates their resources for production, for example, a business strategy can be achieving product differentiation , operations strategy focuses on how the company goes about in terms of their production to achieve product differentiation, that could mean focusing on improving product quality or the use of a new technological machines to produce a differentiated product, productivity measures the relationship between the total outputs produced, given the use of a certain amount of inputs. Bicycle company: capacity planning, forecasting, scheduling, managing inventories, assuring quality, location of facilities, employee motivations and training, deciding to manufacture or purchase, ordering parts, deciding style and quantity, purchasing new equipment, assembly operation, fabrication, scheduling production.
