MGM101H5 Lecture Notes - Lecture 10: Operations Management, Outsourcing, Marketing Strategy

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Some companies were buying from china: have to think about the transportation aspect of it. Article #2: tesla: operational decisions: vertical integration, they"(cid:448)e (cid:374)o(cid:449) a(cid:272)(cid:395)ui(cid:396)ed that (cid:272)o(cid:373)pa(cid:374)y a(cid:374)d (cid:449)hate(cid:448)e(cid:396) that (cid:272)o(cid:373)pa(cid:374)y does is a pa(cid:396)t of. Whoe(cid:448)e(cid:396) adds (cid:373)o(cid:396)e (cid:448)alue depe(cid:374)di(cid:374)g o(cid:374) (cid:449)ho"s (cid:271)ette(cid:396) at it: control over inputs. How we can ensure we have an ongoing and regular supply on quality inputs. It"s (cid:374)ot (cid:449)hat a (cid:272)o(cid:373)pa(cid:374)y does, it"s ho(cid:449) they do it: every competitor essentially does the same thing. It"s ho(cid:449) they do it that diffe(cid:396)e(cid:374)tiates the(cid:373) a(cid:374)d (cid:272)(cid:396)eates diffe(cid:396)e(cid:374)t positio(cid:374)s. dete(cid:396)(cid:373)i(cid:374)i(cid:374)g and deciding what is the best way they do the things they do: ex. Some solar panel companies chose to buy from chinese manufacturers, whereas others thought about buying from american manufacturers. How we take inputs, transform the inputs into outputs: how we acquire the inputs, how we transform them, how they become outputs for our customers.