The Role of the Engineer in the Value Chain

We should consider this trade-off from ECCO case, between in-house production and outsourcing when faced with cost uncertainty and competition with a rival manufacturer in a differentiated goods market. When the management decides on selecting organizational forms, technological uncertainty on production activities often ensues. Thus, a manufacturer faces uncertainty when choosing between in-house production and outsourcing. Moreover, because almost all modern firms are in a competitive position, they have to choose organizational forms and take the

K9 Fitness’s position in the value chain would be the retailer. Since the company wouldn’t be making or selling any goods, it wouldn’t fall under the supplies, manufacturer, or wholesale distributor. The company is a service that customers will pay a monthly fee to use.

It is the wish of every business to be able to achieve and maintain a competitive advantage. A competitive advantage can be considered to be an advantage, a condition or even a position that will make a firm to be able to operate efficiently and also be able to produce products or services that are of a higher quality than the previous ones or than the other competing firms. When a firm is able to achieve increased earnings as compared to the costs it incurred, then it can be said to have achieved a competitive advantage according to Michael Porter, a

Operations management is important in CDS (Concept Design services) if they are to continue being one of Europe’s most profitable home ware businesses. As with any other company, CDS objective is to add value to their final product while using its resources effectively and efficiently through its internal processes like planning, scheduling, control, quality. The company has successfully been able to apply the technology used in the aerospace sector into home ware items, through the mastering of injection moulding machines. Moreover, the company has expanded into a premium home ware product market from low end product i.e. “Focus”, integrating new functions within its operations, such as forming partnerships with reputable designers and increasing the volume and complexity of its production i.e. High design value products and outsources the low end low profit making product i.e. “Focus” brand.

|Offers low cost, shopping convenience and desirable tenant mix |Unenclosed malls yield higher cost during winter season e.g. snow|

Engineering affect the world around us, from how I’m typing this to how your alarm clock wakes you up in the morning. It also affects nature, this is Engineering with Animals, and this is us exploring science.

This report aims to discuss and explore the value chain analysis and the internal analysis in the strategic management. The focus of this report is to study the value chain analysis in detail along with the advantages and disadvantage of the value chain analysis. Also, the internal analysis is also discussed along with its pros and cons and the SWOT analysis of Next Plc. This report also discusses the way in which organizational resources are mixed to develop company’s abilities,

Unifying operational functions of a vertically integrated company delivers specific advantages. Technology allows organizations to fully leverage the benefits of collaboration. An integrated business system will allow business leaders to redesign workflows, processes and organizational structures to drive better efficiency, quality and decision-making. The collaboration of logistics, operations, production and administration can improve a company’s business agility. Timely data, validated reports and real-time monitoring enable better cost control, financial oversight and enterprise planning. Strategic planning can increase overall performance of personnel, maintenance, scheduling and

The process which combines and transforms various resources used in the production/operations subsystem of the organization into value added product/services in a controlled manner as per the policies of the organization, is the definition of Production/operations management. Consequently, it is that part of an organization, this part is involved in the transformation of a range of inputs, like men, material, machines, information and capital, into the required (products/services), with the requisite quality level. The group of correlated management activities, that are engaged in producing particular products, is called as production management. Using the same concept but extended to services management, then the corresponding set of management activities is named as operations management. It’s could also be defined as all those business functions that perform the doings of planning, organizing, leading and controlling the resources needed to produce an organization’s goods and services, in order to generate value. It includes managing people, equipment, technology, information and many others resources. All parts of the organization are operations.

Operations processes refers to the acquisition of inputs which are transformed in a business through the addition of value into outputs of goods and services. Businesses use operational processes involving inputs and transformation processes to increase efficiency and output. The operations management focuses on carefully and managing processes to produce and distribute products and services based on the nature of the business. To achieve objectives in a business, the quality of products are monitored regularly using customer services and warranties. Both Qantas and McDonalds, utilise operation process in order to gain maximum efficiency and productivity.

The operational systems of organizations can be viewed as open systems, which interact with their respective environments on a continuous basis. In this context, these systems comprise synergetic and interdependent subsystems of input, process and output with the main objective of these systems being to efficiently and effectively deliver goods and/or services to their demanding customers (Yasin and Wafa, 2002). Confronting the challenges of global competition, companies have to reduce costs, improve quality, and meet their customers’ ever-changing needs (Canel et al., 2000). Even though lean techniques were developed for the manufacturing firms and

For the operations vice president (OVP), from his perspective the new in-house developed process technology is too disruptive to production, maintenance, staff and planning rules. Operations is the link between most areas of the business and typically has a close relationship with the sales and marketing departments, in terms of setting and coordinating production plans and marketing creating or generating the levels of market demand. In the OVP’s view, the operations area does not have the necessary resources to successfully implement and maintain the new process technology option.

In an era where companies compete in global context to provide the best solutions, products or services in order to gain loyal customers, every detail in the processes within the organisation contributes massively to its success or failure. Every organisation’s desire is to match supply and demand in a timely manner with the most efficient use of resources. Meanwhile, the key component of success is to understand customer’s needs and to translate them into value, and eventually into products. In order to meet both the above, the organisation desires its internal processes to have a clear and adequate mechanism that will link all departments and ensure high quality and trust.

Q1) Globalization has brought about dramatically change in terms on how manufacturers operate as now they are exposed to new customers as well as to greater competition. as a result, relationship with the supplier as well as the raw materials are nowadays managed on globalized scale. This has resulted in the evolution of manufacturing process from simple assembly line to complex systems. thus manufacturers nowadays manage multiple product lines in which the products are assembled from parts produced from different suppliers. Globalization has led to the formation of supply chains which are complex, large and business critical as compared to early periods. Manufacturers now requires management skills in order to manage logistics, that is to

Operational management processes in a firm involves overseeing, formulating and reformulation of the operations of a business. The processes are meant to ensure efficiency in administering resources whilst ensuring there is effective management of client’s specifications and or directions. This is achieved by adding value to the firm’s processes. Such achievements are experienced when a firm embarks in directing its physical and or technical functions towards enhancing its development, production and manufacturing. These should be pre-determined and controlled by market opportunities if a company is to reach its ultimate production levels. Their realisation adds up to ensuring the future of a firm, offering operational