4_Process Strategy (1)_STD - Process Strategy(1 Operations...

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Process Strategy (1) Operations Management – Here, There, and Everywhere . . .
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Slide © Rungtusanatham Agenda ~ 5 minutes LAST SESSION: Key Takeaways ~ 25 minutes TOPIC KRM-3 Process Strategy: Key Questions You Should be Able to Answer ~ 35 minutes Problem Demo KRM-Supplement A: Problem 2 & Problem 6 (pp. 45-46) Basics Demonstration on white board Solution file will be uploaded separately after class ~ 15 minutes VIDEO Product-Process Matrix: King Soopers Bakery Watch in class or watch online REMINDERS: Bring name tents to class For the next class Prepare for The Pizza Connection as a team Search and Download from EXTRA: MyOMLab Course Materials Working in your team, please draw a new layout and bring it to class Start working on Team-Based Homework Assignment 1 You know enough to complete 33% of the assignment
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LAST SESSION: Key Takeaways
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Slide © Rungtusanatham LAST SESSION In order for the operations (& supply chain) function to help a business compete, it needs to know: Competitive priorities . . . What it should emphasize Competitive capabilities . . . What it should do well Order qualifier versus Order winner A competitive capability is An order qualifier . . . If competitors also have it An order winner . . . If your firm has it to "win" customers/sales and "beat out" competitors Productivity = ratio of good outputs to inputs Outputs . . . Typically in monetary terms Multifactor inputs . . . Typically in monetary terms Labor inputs . . . Typically in labor hours
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Key Questions You Should be Able to Answer
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