AFM131 Chapter Notes - Chapter 10: Lean Manufacturing, Statistical Process Control, Facility Location Problem

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

Document Summary

Canada is facing serious challenges to its ability to remain a modern, competitive industrial country. Inadequate improvement in productivity and unrelenting competition from the usa, japan, germany, Branch plant economy subsidiaries are owned by foreign parent companies; profits returned rather than invested in canada. Not enough money spent on research and development. Work directed toward the innovation, introduction and improvement of products and processes. Survey on innovation conducted by statistics canada indicate that three objectives of innovations: improve product quality, increase production capacity, extend product range. Science, innovation, and electronic information division of statistics canada has piloted more surveys that focus on the importance of innovation believes that innovation and the adoption and dissemination of innovative technologies. Through the adoption of newer, more advanced technologies and practices, industries can increase their production capabilities, improve their productivity, and expand their lines of new goods and services. Maintaining close relationships with suppliers and other companies to satisfy customer needs.