RSM100Y1 Lecture Notes - Lecture 4: Operations Management, Business Process, Finished Good
Document Summary
Our business: driving change: me, we, world. Supply chain: e-e, linking all the operations/disciplines of business. Demand driven supply chain- understanding the demand of the consumer and building your supply chain around it. Alignment- of supply chain to corporate goals and business strategy. Segmented- adapt operating models to each local area, ex: in india coca-cola is sold by cup due to limited money. Synergy and integration- with customers and suppliers as well as within company"s functions, be as close to suppliers and customers as possible. High value collaborative- supply networks with supply chain partners. Tailored practices- to execute the operating models. Demand sensing- uses demand signals to plan and manage supply. End to end supply chain, demand driven* exam. Process layout- groups machinery and equipment according to their functions. Production layout- sets up production equipment along a product-flow line. Fixed position layout- places the product in one spot, and workers, materials, and equipment come to it.