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Operations Strategy and Competitive Advantage

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0% found this document useful (0 votes)
10 views5 pages

Operations Strategy and Competitive Advantage

Uploaded by

Thuận Trương
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

9/11/2024

CHAPTER 2
OPERATIONS STRATEGY

OPERATIONS STRATEGIES

Best cost (cost driven)


Competitive
Differentiation advantages

Fast response

PRODUCTION STRATEGIES

Best cost (cost Lowest cost  lowest


driven)
price
Maximum customer
value
Differentiation
Lowest cost does not
mean low value or low

Fast response quality

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Southwest Airlines is a cheap airline of US who


is very successful while others get loss of billion
dollars:
Exploit cheap and short flights.
Use secondary airport or terminal.
No seat booking.
Aircrew with few people but more working
time.
No meal serving
Online ticket
Only Boeing 737

PRODUCTION STRATEGIES

Best cost (cost Provide unique values.


driven)
Identify all
characteristics of products/
services impacting the
Differentiation
potential customer values:
Convenience.
Fast response Customer services.
After-sales support.

Hard Rock Café attracts customers with:


classical Rock music, Rock video on large screen,
souvenir with story-tellers, staff tells about the
exhibits, a store for selling souvenirs for customers
as a tangible value of their experience.

Hard Rock Café make the differentiation by


providing customers with a dinner experience
rather than purely a meal.

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Electronic products “Made in Japan” from Sony,


Toshiba… make the differentiation through?

QUALITY

PRODUCTION STRATEGIES
Flexibility: respond to
Best cost (cost
driven) changes (forms, quantity,
quality)
Fast and reliable response:
Differentiation Ontime product
development and delivery.
Reliable plan.
Quickness: Speed in design,
Fast response
production and delivery.

KFC delivery to home in 30 minutes.

Dell – Customized design and production of


PCs in 18 hours

Mechanical industry in Germany with highest


labor cost still maintains its competitive ability
through quick response

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PLANNING AND CONTROL

Planning
• - Long-term planning (> 12 months)
• - Medium-term (1 month to 12 month)
• - Short-term (< 1 month) daily/weekly operations.
• Long-term (or strategic planning): the important decisions such as production
lines, new machines investment or equipment replacement.
• Medium-term: focus on purchasing raw materials or using human resource.
• Short-term: focus on specific operations (daily or weekly) in scheduling and
sequencing.

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PLANNING AND CONTROL

Control
• Two essential responsibilities for POM managers: planning & control.
• Control is measurable way that the POM managers can manage the
efficiency of operational planning.
• Control volume & quality of output  some necessary data in MIS such
as: revenue, Sales, Costs, Volume, No. of served customers, Product
quality, & No. of returned customers.

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POM DECISIONS

1. Quality
• Q is the most important decision in operations
2. Product/service design
• Beginning of production process.
3. Process & technology planning
• Based on product design.
4. Facility layout
• Assign & locate machines and tools for efficient
operations.

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POM DECISIONS

5. Material handling and work-in-process


• Meet production requirements.
6. Job design
• More productivity & quality
7. Demand forecasting
• Quantity & time for production
8. Scheduling and sequencing
• Using and arranging production resources to meet
customers’ demand.

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THE END

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