Operation Management

Strategy formulation 1.0 Definition Strategy Formulation is the process of determining charm courses of action for achieving shapingal objective and thereby accomplishing organizational purpose. 2.0 Visions harmonize to Porrus and Collins (1996) a vision is a statement that identifies where an organization wants to be at some point in the prox 3.0 Stages in Strategy Formulation There is a stage for strategical formulation functional-level strategy, competitive business- level strategy, and corporate strategy. 3.1 functional-level strategy According to Harrison (1999), Functional-level strategy is improving the effectuateiveness of basic operation within a company such as intersectionion, marketing, material management, research and ontogenesis (R&D). The steps of production and efficiency Economic of scale Unit-cost reduction associated with a large scale of output. As example Jusco approximately a million to build another branches to the worldwide. Learning effect Cost savings that come from learning by doing, for example learn by repetition how best to carry out the task. Learning effect tend to be more significantly when a engineering complex task is repeated beca do there is more to learn.

The feature curve Refers to the systematic unit-cost reduction that has been observed over the life of a product. According to the experience curve concepts, unit manufacturing costs for a product typically decline by some trace amount each time the accumulated output of the product is double. Flexible manufacturing and mass customisation Flexible manufacturing is to reduce setup clock for complex equipment, to increase the use of individual machines through break dance scheduling and also to improve quality control at all stages of the manufacturing process. Mass communication has been coined to describe the ability of companies to use flexible manufacturing technology to reconcile two goals that were once apprehension to be incompatible: low... If you want to get a safe essay, order it on our website: Orderessay

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