AFM131 Chapter Notes - Chapter 10: Enterprise Resource Planning, Royal Canadian Mint, Facility Location Problem

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

Canadian focuses to stay competitive: maintain close relationships with suppliers and other companies to satisfy customer needs, practice continuous improvement, rely on the internet to unite companies, adopt production techniques such as enterprise resource planning, computer-integrated. Save on costs through site selection manufacturing, flexible manufacturing, and lean manufacturing. In the past, canada has ranked high on government policies conducive to competitiveness: canada needs more enterprising business community. Inventory management, quality control, production scheduling, follow-up services, education, etc. Some organizations offer services in addition to their physical products, such as auto manufacturers also offer auto repairs. Measuring quality in the service sector: tracking inputs (worker hours) to outputs (dollars), does not measure quality improvements. Service workers are losing jobs to machines the same way as manufacturing workers: acquiring proper education and training is needed to retain jobs. Facility location the process of selecting a geographical location for a company"s operations.