AFM131 Lecture Notes - Lecture 6: Material Requirements Planning, Facility Location Problem, Gantt Chart

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

Module 6: operations management producing world-class goods and services. Topics for discussion: canadian manufacturing and how companies are becoming more competitive, evolution from production to operations management, operations management planning issues, production processes and techniques to improve productivity, pert and gantt charts. Inadequate improvement in productivity (how to efficient in production) Inadequate education/retraining of work force (can they easily transfer to another job) Inadequate spending on r&d (more should be spent on r&d, especially on tech) More government support: focus of canadian manufacturers. Closer to customers (indicate their needs more quickly: research and development (r&d): work directed toward the innovation, introduction, and improvement of products/processes. Improvements when: fewer inputs to produce the same level of outputs, same level of inputs to produce more outputs. Reducing cost of inputs improving efficiency of production processes. Activity-based management: reduce non-value added processes (the amount customer do(cid:374)"t necessarily want to pay for. eg. money paid to move vehicle around)