AFM131 Chapter Notes - Chapter 10: Material Requirements Planning, Computer-Aided Manufacturing, Carpentry

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

Document Summary

Abundance of natural resources (produce and process these) Manufacturing and importance of auto industry (manufacturing is still heart of our economy even though service industry is growing rapidly) We need to make the canadian workforce more versatile. Those laid off in manufacturing, how to retrain them faster to be productive in. How can we make canada more competitive? areas) More government support (how can they support innovation, tax incentives, locate in certain. Focus on customers, asking what their needs are, working with suppliers to meet customer needs. Established cultures/procedures (might not be able to react as fast) Want to play it safe (like to promote past successes) Flexibility (ability to raise new ideas, but do they have the resources? ) Closer to customers (adapt more quickly to customers changing needs) Research and development: work directed toward the innovation, introduction, and improvement on products/processes. Looking at productivity: relationship between inputs (fop) and outputs (g/s produced)