GCM 372 Lecture Notes - Lecture 10: Acclimatization, Operations Management, Jigsaw Puzzle
17 Mar 2020
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Murphy"s law states that "if something can go wrong it will" but cautions can be taken to minimize this with schedules. Depends on the size of the firm. Scheduling and information exchange are at the heart of managing an efficient and responsive supply chain. Many supply chains are just-in-time, when timing and speed are of paramount importance. Faster movement of goods and services through a facility. Greater use of assets and hence greater capacity per dollar invested, which in turn lowers cost (can increase profits) The majority of print shops are shops producing low-to-medium run jobs. Handful of jobs versus jobs that take days. Think of a major national corporation such as transcontinental vs. a business card printer. Scheduling any and all jobs has challenges. Companies have limited capacity - finite number of pieces of equipment. Allow for scheduling of preventative maintenance and repairs. We need to know our efficiency rate.
