RSM100Y1 Lecture Notes - Lecture 6: Production Planning, Demand Response, Operations Management
14 Mar 2016
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Document Summary
Alignment of supply chain strategy with corporate goals and business strategy. Segmented operating models to compete effectively in local markets. Synergy & integration with customers and suppliers as well as within company"s functions. High value collaborative supply networks with supply chain partners. Tailored practices to execute the operating models. Predictive - use formulas and history to forecast future demand. Demand sensing: uses demand signals to plan and manage supply. Inputs (resources, raw materials) => conversion process (add value) => output (goods, services) Oversee the work of people and machinery to convert inputs (materials and resources) into finished goods and services. Planning the production process => selecting the facility layout => carrying out the production plan => controlling the production process. Choose what goods or services to offer customers. Convert original product ideas into final specifications. Design the most efficient facilities to produce those products. In a traditional manufacturing organization, each production manager has a specific area of authority and responsibility.
