Operations and Supply Chain Management
description
Transcript of Operations and Supply Chain Management
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McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
Operations and Supply Chain Management
Chapter 01
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Learning Objectives
1. Understand operations and supply chain processes and why it is important to study them.
2. Contrast the differences between services and goods producing processes.
3. Define efficient and effective operations.4. Identify operations and supply chain
management career opportunities.5. Learn how the field has developed over
time.
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Strategy, Processes, and Analytics Operations and supply chain management
involves Product design Purchasing Manufacturing Service operations Logistics Distribution
Success depends upon Strategy Processes to deliver products and services Analytics to support the decisions needed to
manage the firm
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What is Operations and Supply Chain Management?
The design, operation, and improvement of the systems that create and delivery the firm’s primary products and services
Operations and Supply Chain Management (OSCM) is A functional field of business Concerned with the management of the
entire production/delivery system
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Operations and Supply Chain Processes
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OSCM: The Core - Organization
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Process Activities
Planning –processes needed to operate an existing supply chain
Sourcing – selection of suppliers that will deliver the goods and services needed to create the firm’s product
Making – producing the major product or service Delivering – logistics processes such as
selecting carriers, coordinating the movement of goods and information, and collecting payments from customers
Returning – receiving worn-out, excess, and/or defective products back from customers
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Goods versus Services
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Efficiency, Effectiveness, and Value
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Evaluating Efficiency
Comparison of firms is important to investors From an operations and supply chain
perspective, the relative cost of providing a good or service is closely related to earnings growth
Management efficiency ratios Labor productivity
Net income per employee Revenue (or sales) per employee
Asset productivity Receivables turnover ratio Inventory turnover Asset turnover
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Careers in Operations and Supply Chain Management
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Historical Development of Operations and Supply Chain Management
Late 1970’s
Early 1980’s Mid
1980’sEarly 1990’s
Mid 1990’s Late
1990’s
Early 2000’s
Mid 2010’s
Manufacturing strategy developed
Just-in-time (JIT) production pioneered by the Japanese
Service quality and productivityTotal Quality
Management (TQM) and Quality Certification programs Business Process
Reengineering (BPR)
Electronic commerce
Business Analytics
Service Science
Supply Chain Management (SCM)
Six-Sigma Quality