BU111 Lecture Notes - Lecture 16: Disintermediation, Computer-Aided Design, Enterprise Resource Planning
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BU111 Full Course Notes
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Products innovation, uniqueness, value: create more innovative products, innovate materials faster, new kinds of innovation, customize products more, products can do more for us now than before, provide more value. Faster and better quality decisions, serving customers and meeting customer needs faster: better service through coordination. Better service to everyone (customers and suppliers) Ability to connect in real time helps make better decisions: leaner organization: fewer employees, costs less. Agility and speed, make changes faster and easily, more responsive to environment and increased profitability. Enhance human effort, same employee but better productivity. Improved operations efficiency i. e. cad (computer assisted design), erp (enterprise resource planning) Computer obtain data and integrate into design, cheaper because flaws are worked out before produced. Erp: create shopping list of all the raw materials needed for the function that needs to be performed. Example: toyota required various nuts and bolts.
