DSCI 304 Lecture Notes - Lecture 2: Prawn Cocktail, Business Cycle, Delphi Method
30 Aug 2016
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Aug 30th class notes products and operations mgmt. About the chapter companies want to have flexible operating system to move with changing consumer demands. Competitiveness: how effectively we can utilize our resources effectively to meet the needs or our customers. Could be a number of things, could be competitive by better being able to identify what our customer want, our price could be better than our competitors. Walmart for many decades was the largest retailer in the world. Rfid: can be read by satellite and can be accurate in 1 meter of where it sits. Productivity: mathematical number ( output divided by input) it is a measurable thing. To improve productivity you increase output or you decease input enough. Graph 1920s till mid 1970s there was nothing but an increase in productivity, we just got better and better at what we do.
