BBG 101 Lecture Notes - Lecture 27: Facility Location Problem, Operations Management, Telecommuting
2 Nov 2020
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Document Summary
Facility location the process of selecting a geographic location for a company"s operations. Rising numbers of internet businesses means brick-and-mortar retailers must find great locations. Potential of low-cost labor is very attractive to companies hoping to remain competitive. However, shuttering operations and moving can often cause severe economic problems in dependent areas. Information technology gives firms increased flexibility in terms of location. Telecommuting working from home via computer. Facility layout the physical arrangement of resources, including people, to most efficiently produce goods and provide services. Facility layout depends on the processes performed: Materials requirement planning (mrp) a computer-based operations management system that uses sales forecasts to make sure parts and materials are available when needed. Enterprise resource planning (erp) a newer version of mrp, combines computerized functions into a single integrated software program using a single database. Purchasing the function that searches for high-quality material resources, finds the best suppliers, and negotiates the best price for goods and services.
