AFM131 Lecture Notes - Lecture 11: Mass Customization, Environmental Management System, Computer Network

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Bob Sproule

Document Summary

Canada today largest producers of forest products in the world, giant aluminum mills, automotive-related manufacturing, oil, natural gas, coal, metals, minerals > only some of the components, products, and natural resources. Need to find ways to be more competitive internationally. Research and development (r&d): work directed toward the innovation, introduction, and improvement of products and processes. Canada"s evolving manufacturing and service base: e(cid:373)phasis o(cid:374) . Mai(cid:374)tai(cid:374)i(cid:374)g close relatio(cid:374)ships with supplies a(cid:374)d other co(cid:373)pa(cid:374)ies to satisfy custo(cid:373)er"s needs. Relying on the internet to unite companies. Adopting producing techniques such as enterprise, resource planning, computer- integrated manufacturing, flexible management, and lean manufacturing. Production: the creation of goods and services using the factors of production: land, labour, capital, entrepreneurship, and knowledge. Production management: the term used to describe all of the activities that managers do to help their firms create goods. Change in importance from product to operations.