New Challenges in OM

New Challenges in OM - New Challenges in OM From Local or...

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1 New Challenges in OM þ Global focus þ Just-in-time þ Supply chain partnering þ Rapid product development, alliances þ Mass customization þ Empowered employees, teams To From þ Local or national focus þ Batch shipments þ Low bid purchasing þ Lengthy product development þ Standard products þ Job specialization
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2 New Trends in OM Local or national focus Low-cost, reliable worldwide communication and transportation networks Global focus Batch (large) shipments Short product life cycles and cost of capital put pressure on reducing inventory Just-in-time shipments Low-bid purchasing Quality emphasis requires that suppliers be engaged in product improvement Supply-chain partners, Enterprise Resource Planning, e-commerce Figure 1.6 Past Causes Future
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3 New Trends in OM Lengthy product development Shorter life cycles, Internet, rapid international communication, computer-aided design, and international collaboration Rapid product development, alliances, collaborative designs Standardized
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New Challenges in OM - New Challenges in OM From Local or...

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