Week 12 - Walmart and ...

Week 12 - Walmart and ... - April 13, 7:30 at room question...

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April 13, 7:30 at room question on final exam for presentation on Harold Korrel. Will talk about shale gas (natural Gas) and April 15 7 pm extra credit for both Wednesday quiz opens 7:00 AM and closes Friday Globalization of Manufacturing Key trend in last 25 years The Globalization of Manufacturing 1. Fordism Shift from “Fordism” to “Lean Manufacturing” or “Flexible Mass production” Ford: From Henry Ford, assembly line, introduced mass production on large scale. Assembly line · Mass production and mass consumption: did not revolutionize it, but interchangeable parts especially in the gun manufacturing, produced machine tool s that would make identical parts. Revolutionized manufacturing, automobile perfected and gathered all the elements of production in one place, raw materials, parts supplies. Greater managerial hierarchy (Visible Hand) Give them the earnings to let them buy what they made. Much higher than prevailing wages at the time (paid them well) and felt needed to keep people on the line, immigrants and blacks from south , realized if have mass production need mass consumption, more people consume the more costs come down. · Linked to Keynesianism: linked to Keynesian policies of demand management and full employment · Labor-capital accommodation: union demand focused on wages not control over work, unions became junior partner in prosperity, unionization 2. Lean Manufacturing or Flexible Mass Production · Stagnation in global manufacturing: downward pressure on prices but not wages, lower cost producers from japan, West Europe and east asia, imports to US cheaper (w. high interest rates and strong dollar) crisis in manufacturing, restructuring and downsizing in steel, autos and old line manufacturing industries · Adoption of new process management techniques: lean manufacturing started with Japanese, from fordism to lean manufacturing, different in fundamental ways. Toyota did not make all parts themselves and reduce inventory or JIT inventory system, stockless production. Eliminate as much waste as possible, smoothness of work, design machines
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This note was uploaded on 08/10/2010 for the course INTB 3351 taught by Professor Priest during the Spring '08 term at University of Houston.

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Week 12 - Walmart and ... - April 13, 7:30 at room question...

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