2 1 operation manegement
12- How do changes such as demand changes, new pollution control laws, the changing value of currency, and price changes affect operations? Name specific impacts on operations and the supply chain for each change ?
Changes in demand, law, currency value, etc. affect significantly to operations. Operations have to adapt to such changes quickly. The demand changes will increase or decrease the number of products, thereby affect process, capacity and inventory. On the other hand, every addition and change in the pollution control laws, operations must consider that production process use safe and certificated resources. If a manufacturing process does not match the law, it will be redesigned and reconsidered. The changing value of dollar will cause a lot of effects. It will affect the environment such as the customers demand, transportation cost, etc. Price changes will increase or cut down the input cost, thereafter affect production cost and finished goods’ price.
14- Identify some of the current trends in operations and supply chain management that you think are of critical importance
trends in operations management;
Some current trends in operations that are critical importance:
Global Competition
Operations Strategy
Supply Chain Management
Lean manufacturing
Some trends in supply chain management;
"Trend 1:Supply Chain Volatility and Uncertainty Have Permanently Increased: Market transparency and greater price sensitivity have led to lower customer loyalty. Product commoditization reduces true differentiation in both the consumer and business-to-business (B2B) environments. Increasing volatility is a major issue.
"Trend 2: Securing Growth Requires Truly Global Customer and Supplier Networks: Future market growth depends on international customers and customized products. Increased supply chain globalization and complexity need to be managed effectively. Most survey participants expect that future business growth will come primarily from new international
Changes in demand, law, currency value, etc. affect significantly to operations. Operations have to adapt to such changes quickly. The demand changes will increase or decrease the number of products, thereby affect process, capacity and inventory. On the other hand, every addition and change in the pollution control laws, operations must consider that production process use safe and certificated resources. If a manufacturing process does not match the law, it will be redesigned and reconsidered. The changing value of dollar will cause a lot of effects. It will affect the environment such as the customers demand, transportation cost, etc. Price changes will increase or cut down the input cost, thereafter affect production cost and finished goods’ price.
14- Identify some of the current trends in operations and supply chain management that you think are of critical importance
trends in operations management;
Some current trends in operations that are critical importance:
Global Competition
Operations Strategy
Supply Chain Management
Lean manufacturing
Some trends in supply chain management;
"Trend 1:Supply Chain Volatility and Uncertainty Have Permanently Increased: Market transparency and greater price sensitivity have led to lower customer loyalty. Product commoditization reduces true differentiation in both the consumer and business-to-business (B2B) environments. Increasing volatility is a major issue.
"Trend 2: Securing Growth Requires Truly Global Customer and Supplier Networks: Future market growth depends on international customers and customized products. Increased supply chain globalization and complexity need to be managed effectively. Most survey participants expect that future business growth will come primarily from new international