In the face of changing geopolitical and macroeconomic conditions, onshoring is becoming an increasingly prominent strategy, attracting the attention of companies around the globe.
This document discusses various production and supply chain issues that international businesses must consider. It covers factors like facility location, scale of operations, cost of production, and supply chain management. Specific factors discussed for facility location include customer proximity, availability of skilled labor, and environmental policy. Scale of operations can refer to small, medium, or large businesses. Costs include fixed and variable costs. Make-or-buy decisions must also be made. Globalization further impacts supply chain networks.
The document discusses the balanced scorecard and just-in-time manufacturing strategies. It defines the balanced scorecard as a strategic planning tool that measures performance across financial, customer, internal process, and learning/growth perspectives. It also explains how the balanced scorecard aligns strategic goals throughout an organization. Just-in-time aims to reduce waste from excess inventory by receiving materials just as they are needed in the production process. Popular examples where these strategies have been successfully implemented include Toyota, Dell, and Harley Davidson.
How to Transform your Capacity Planning Process: Step-by-Step GuideShannon Kearns
This document provides a step-by-step guide to transforming a company's capacity planning process. It outlines how to achieve an optimal and feasible capacity plan, optimally balance supply and demand for profit, and embed capacity planning into the broader planning process. Implementing best practices for capacity planning can increase trust in plans, drive up gross profits up to 5% of revenue, and improve business agility and team performance.
This document discusses key issues firms must consider regarding global production, outsourcing, and logistics. It addresses where firms should locate production activities based on factors like country conditions, technology requirements, and product characteristics. Firms must decide whether to concentrate production in a few sites or decentralize across many locations. Outsourcing production can provide benefits like lower costs but firms lose some control. Managing the global supply chain aims to minimize costs while meeting customer needs. Just-in-time systems seek to reduce inventory costs by having materials arrive as needed in the production process.
This document discusses different methods of production and factors to consider when choosing a production method. It defines key terms like productivity, technical efficiency, and productive efficiency. It then describes different types of production methods like job production, flow production, and batch production and factors that influence which method is best like the product, costs, production scale, and complexity. Finally, it discusses concepts like lean production, total quality management, and six sigma methodology that aim to improve efficiency and quality.
Concurrent engineering is a method where different product development stages overlap instead of happening sequentially. This decreases development time and gets products to market faster, improving productivity and reducing costs. It provides long term competitive advantages for businesses. Implementing concurrent engineering requires reworking processes but pays off through designing products right the first time and avoiding multiple redesigns. Companies adopt it because of notable benefits like gaining a competitive edge through faster time to market, enhanced productivity by early problem discovery, and decreased design and development time.
This document provides an introduction and agenda for topics related to operations management, competitive strategy, competitive advantage, and time-based competition. It includes sections on the history of operations management, differences between manufacturing and service operations, operations management decisions at the strategic and tactical levels, and techniques for reducing cycle time such as just-in-time and kanban systems. The document emphasizes the importance of operations strategy and positioning the production system to meet market requirements through factors like cost, quality, and flexibility.
This document discusses various production and supply chain issues that international businesses must consider. It covers factors like facility location, scale of operations, cost of production, and supply chain management. Specific factors discussed for facility location include customer proximity, availability of skilled labor, and environmental policy. Scale of operations can refer to small, medium, or large businesses. Costs include fixed and variable costs. Make-or-buy decisions must also be made. Globalization further impacts supply chain networks.
The document discusses the balanced scorecard and just-in-time manufacturing strategies. It defines the balanced scorecard as a strategic planning tool that measures performance across financial, customer, internal process, and learning/growth perspectives. It also explains how the balanced scorecard aligns strategic goals throughout an organization. Just-in-time aims to reduce waste from excess inventory by receiving materials just as they are needed in the production process. Popular examples where these strategies have been successfully implemented include Toyota, Dell, and Harley Davidson.
How to Transform your Capacity Planning Process: Step-by-Step GuideShannon Kearns
This document provides a step-by-step guide to transforming a company's capacity planning process. It outlines how to achieve an optimal and feasible capacity plan, optimally balance supply and demand for profit, and embed capacity planning into the broader planning process. Implementing best practices for capacity planning can increase trust in plans, drive up gross profits up to 5% of revenue, and improve business agility and team performance.
This document discusses key issues firms must consider regarding global production, outsourcing, and logistics. It addresses where firms should locate production activities based on factors like country conditions, technology requirements, and product characteristics. Firms must decide whether to concentrate production in a few sites or decentralize across many locations. Outsourcing production can provide benefits like lower costs but firms lose some control. Managing the global supply chain aims to minimize costs while meeting customer needs. Just-in-time systems seek to reduce inventory costs by having materials arrive as needed in the production process.
This document discusses different methods of production and factors to consider when choosing a production method. It defines key terms like productivity, technical efficiency, and productive efficiency. It then describes different types of production methods like job production, flow production, and batch production and factors that influence which method is best like the product, costs, production scale, and complexity. Finally, it discusses concepts like lean production, total quality management, and six sigma methodology that aim to improve efficiency and quality.
Concurrent engineering is a method where different product development stages overlap instead of happening sequentially. This decreases development time and gets products to market faster, improving productivity and reducing costs. It provides long term competitive advantages for businesses. Implementing concurrent engineering requires reworking processes but pays off through designing products right the first time and avoiding multiple redesigns. Companies adopt it because of notable benefits like gaining a competitive edge through faster time to market, enhanced productivity by early problem discovery, and decreased design and development time.
This document provides an introduction and agenda for topics related to operations management, competitive strategy, competitive advantage, and time-based competition. It includes sections on the history of operations management, differences between manufacturing and service operations, operations management decisions at the strategic and tactical levels, and techniques for reducing cycle time such as just-in-time and kanban systems. The document emphasizes the importance of operations strategy and positioning the production system to meet market requirements through factors like cost, quality, and flexibility.
How to Develop and Successfully Present Business CasesEMEX
Energy Managers often identify opportunities for energy reduction, however, the work does not stop once an opportunity is identified. The second, and often more important step, is to create a business case that explains to the management team the reasons that the project is beneficial so they can make the necessary funds available.
This session provides practical steps for developing successful business cases but will also expand on how to assess new innovative technologies.
Agileee 2013: Bjarte Bogsnes "Beyond Budgeting – a management model for new b...SCRUMguides
1. Bjarte Bogsnes oversees performance management at Statoil and chairs the Beyond Budgeting Roundtable Europe. Statoil is implementing the Beyond Budgeting principles to change from a traditional budgeting approach to one focused on continuous improvement, autonomy, and transparency.
2. The Beyond Budgeting principles include setting relative goals for continuous improvement rather than fixed targets, rewarding shared success based on relative performance, making planning continuous and inclusive rather than a top-down
This document discusses outsourcing, including its definition, common uses, benefits, and drawbacks. Outsourcing involves contracting work done in-house to an external company. It is commonly used to reduce costs and allow companies to focus on core functions. The main benefits discussed are cost savings, improved efficiency, risk mitigation, and operational flexibility. However, outsourcing can also result in job losses and loss of internal expertise over outsourced activities. Overall, the document provides a high-level overview of outsourcing, its purpose and some pros and cons.
Galanz was founded in China and initially produced down feather products before identifying potential for microwave ovens. It began importing then producing its own magnetrons, a key component. As demand rose, Galanz outsourced magnetrons while focusing on cost leadership through mass production. Later, it transformed its strategy to focus on quality and flexibility through decentralized structures to adapt to changing markets. Galanz was successful using cost leadership through high production volumes but faced challenges expanding internationally with its brand and services.
Using Cost of Delay to de-scale your organisation through decentralised decis...Michael Fagan
It isn’t enough to break down our portfolio into small pieces and execute them in isolation from one another. We must acknowledge that variance in knowledge work is a fact of life, specialists are scarce, people find new jobs, life happens. Rather than think of an organisation as individual parts to be managed, think of it as a living organism which adapts and responds as a whole.
By empowering people to take decisions based on objective data linked to a shared vision people are not simply playing a game according to a set of rules, they are responsible for the game.
Don Reinertsen in his seminal book "The Principles of Product Development Flow" states:
"If you only quantify one thing, quantify the Cost of Delay. "
In this talk I will present how the Cost of Delay can be derived from data your organisation has lying around how you can super charge decision making speed and consequently the flow of value.
The document discusses themes related to warehouse and distribution footprint. It identifies the top 5 themes as: [1] Network design; [2] Channel control; [3] In-house or 3PL; [4] Re-tender; and [5] Cost to serve. For each theme, the document provides viewpoints and considerations for defining a company's warehouse and distribution strategy.
Our business partner and insurance operations expert, Rob Berg, will show you how he helped a major insurance company reducing costs and cycle time using Trisotech Digital Enterprise Suite through process simulation.
In this webinar, analysts, architects and other subject matter experts will learn how to:
- Generate defensible data to make clear and objective decisions
- Accurately model the way things are and the way you would like them to be
- Apply real-life data to process models
- Bring a static model to life by simulating the impact of process changes
Global Sourcing Trends, Challenges, and Solutions For 2015Bill Kohnen
Global Sourcing is viewed as a common business practice but is surprisingly not well defined in practice and can mean different things depending on where one is that. However, western CEOs and CPOs view it as a basic practice to be competitive despite feeling the process is not well measured or managed. Solutions for better performance come down to developing people and evolving process.
Operations management can significantly impact a business's financial performance. Three options are presented to boost earnings: 1) increase sales 30% through marketing, 2) reduce operating expenses 20% through process improvement teams, 3) invest in flexible machinery to allow faster response times and 10% higher prices. Analysis shows option 2 of reducing operating expenses increases earnings the most without requiring investment, and options 2 and 3 both involve improving operations. Improving operations can equal or exceed the benefits of just increasing sales volume.
R&M Consultancy provides temporary staffing, contract work, and process improvement consulting services to help companies increase efficiency and profits. They have experience since 2011 working with mass production companies in Europe. Their services include direct hiring, temporary staffing, contract work, lean and six sigma consulting, and help with challenges like seasonal ramp-ups, scrap reduction, and supply chain issues. They take a customized, results-oriented approach to support clients' production, service, and logistics needs.
R&M Consultancy provides temporary staffing, contract work, and process improvement consulting services to help companies increase efficiency and profits. They have experience since 2011 working with mass production companies in Europe. Their services include direct hiring, temporary staffing, contract work, lean and six sigma consulting, and help with challenges like seasonal ramp-ups, increased staffing needs, and reducing costs and defects. They aim to share risks with clients and use performance-based pricing to increase profits by 5-45% for clients.
How lean manufacturing will help to improve productivityglobalsevensteps
Lean is the term which has core philosophy of doing more and more with less and less. Lean System can also be referred as FIT without Fat. Origin of Lean is from Manufacturing set up in Japan which had always valued its scare resources which is primarily space.
What is job costing? What are its main characteristics?
Characteristics
Features
procedure involve in job order costing.
Applicability
What is BEP? List out the assumption of breakeven analysis
Assumption of BEP analysis
What is Profit Volume (P/V) Ratio
What is CVP analysis? How does it help the management?
What is process costing? What are its main characteristics? Name the industries where process costing can be applied.
Normal Loss
Abnormal Loss
Abnormal Gain
Job Costing & Process Costing
Accounting for losses in process costing
What do you mean by operating costing? Draw a specimen cost sheet for transport costing.
INDUSTRY AND CORRESPONDING COST UNIT
RECONCILIATION STATEMENT
Regulatory Affairs Outsourcing Considerations and ModelsPaul Kuiken
I present a number of issues which are being considered by all organisations in the healthcare, pharmaceutical, biotechnology, and clinical sectors. I presented this to an audience at an outsourcing summit and have tailored this to a more general audience.
I am happy to receive your comments and provide your insights to whether you agree or not with my points or to hear from you regarding your experiences of outsourcing in whatever sector you are interested in.
The document discusses key trends in strategic sourcing, including the growing role of analytics, defining digital procurement, emerging digital technologies, and how procurement is changing. It notes that procurement will contribute more to organizational strategy, become more agile and partner directly with business units. The COVID-19 pandemic has highlighted the need for more resilient supply chains and a focus on supplier partnerships. Organizations must determine the right level of resilience and revisit supply chain strategies.
The document discusses key trends in strategic sourcing, including the growing role of analytics, defining digital procurement, emerging digital technologies, and how procurement is changing. It notes that procurement will become more strategic and partner directly with business units using "touchless" processes. The COVID-19 pandemic has disrupted supply chains but also created opportunities to focus on resilience, zero-based category strategies, and an agile operating model. Organizations need to determine the right level of resilience and embed it throughout their supply chain strategies.
The document discusses key trends in strategic sourcing, including the growing role of analytics, defining digital procurement, emerging digital technologies, and how procurement is changing. It notes that procurement will become more strategic and partner directly with business units using "touchless" processes. The COVID-19 pandemic has highlighted the need for more resilient supply chains, and procurement must focus on areas like category strategies, supplier partnerships, and an agile operating model. Organizations need to determine the right level of resilience and embed it throughout their supply chains.
This presentation covers the concept of capital budgeting. It covers the concept of capital budgeting, purpose of capital budgeting, nature and steps involved in capital budgeting. It makes a mention of the various components of a capital structure.
This document provides an overview of operations management. It discusses key concepts like productivity, efficiency, mass customization, traditional production systems, quality management, inventory management, product development, and supply chain management. Operations management aims to convert materials and labor into goods and services as efficiently as possible to maximize profit. It ensures competitiveness, overall organizational performance, quality maintenance, and productivity.
AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
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How to Develop and Successfully Present Business CasesEMEX
Energy Managers often identify opportunities for energy reduction, however, the work does not stop once an opportunity is identified. The second, and often more important step, is to create a business case that explains to the management team the reasons that the project is beneficial so they can make the necessary funds available.
This session provides practical steps for developing successful business cases but will also expand on how to assess new innovative technologies.
Agileee 2013: Bjarte Bogsnes "Beyond Budgeting – a management model for new b...SCRUMguides
1. Bjarte Bogsnes oversees performance management at Statoil and chairs the Beyond Budgeting Roundtable Europe. Statoil is implementing the Beyond Budgeting principles to change from a traditional budgeting approach to one focused on continuous improvement, autonomy, and transparency.
2. The Beyond Budgeting principles include setting relative goals for continuous improvement rather than fixed targets, rewarding shared success based on relative performance, making planning continuous and inclusive rather than a top-down
This document discusses outsourcing, including its definition, common uses, benefits, and drawbacks. Outsourcing involves contracting work done in-house to an external company. It is commonly used to reduce costs and allow companies to focus on core functions. The main benefits discussed are cost savings, improved efficiency, risk mitigation, and operational flexibility. However, outsourcing can also result in job losses and loss of internal expertise over outsourced activities. Overall, the document provides a high-level overview of outsourcing, its purpose and some pros and cons.
Galanz was founded in China and initially produced down feather products before identifying potential for microwave ovens. It began importing then producing its own magnetrons, a key component. As demand rose, Galanz outsourced magnetrons while focusing on cost leadership through mass production. Later, it transformed its strategy to focus on quality and flexibility through decentralized structures to adapt to changing markets. Galanz was successful using cost leadership through high production volumes but faced challenges expanding internationally with its brand and services.
Using Cost of Delay to de-scale your organisation through decentralised decis...Michael Fagan
It isn’t enough to break down our portfolio into small pieces and execute them in isolation from one another. We must acknowledge that variance in knowledge work is a fact of life, specialists are scarce, people find new jobs, life happens. Rather than think of an organisation as individual parts to be managed, think of it as a living organism which adapts and responds as a whole.
By empowering people to take decisions based on objective data linked to a shared vision people are not simply playing a game according to a set of rules, they are responsible for the game.
Don Reinertsen in his seminal book "The Principles of Product Development Flow" states:
"If you only quantify one thing, quantify the Cost of Delay. "
In this talk I will present how the Cost of Delay can be derived from data your organisation has lying around how you can super charge decision making speed and consequently the flow of value.
The document discusses themes related to warehouse and distribution footprint. It identifies the top 5 themes as: [1] Network design; [2] Channel control; [3] In-house or 3PL; [4] Re-tender; and [5] Cost to serve. For each theme, the document provides viewpoints and considerations for defining a company's warehouse and distribution strategy.
Our business partner and insurance operations expert, Rob Berg, will show you how he helped a major insurance company reducing costs and cycle time using Trisotech Digital Enterprise Suite through process simulation.
In this webinar, analysts, architects and other subject matter experts will learn how to:
- Generate defensible data to make clear and objective decisions
- Accurately model the way things are and the way you would like them to be
- Apply real-life data to process models
- Bring a static model to life by simulating the impact of process changes
Global Sourcing Trends, Challenges, and Solutions For 2015Bill Kohnen
Global Sourcing is viewed as a common business practice but is surprisingly not well defined in practice and can mean different things depending on where one is that. However, western CEOs and CPOs view it as a basic practice to be competitive despite feeling the process is not well measured or managed. Solutions for better performance come down to developing people and evolving process.
Operations management can significantly impact a business's financial performance. Three options are presented to boost earnings: 1) increase sales 30% through marketing, 2) reduce operating expenses 20% through process improvement teams, 3) invest in flexible machinery to allow faster response times and 10% higher prices. Analysis shows option 2 of reducing operating expenses increases earnings the most without requiring investment, and options 2 and 3 both involve improving operations. Improving operations can equal or exceed the benefits of just increasing sales volume.
R&M Consultancy provides temporary staffing, contract work, and process improvement consulting services to help companies increase efficiency and profits. They have experience since 2011 working with mass production companies in Europe. Their services include direct hiring, temporary staffing, contract work, lean and six sigma consulting, and help with challenges like seasonal ramp-ups, scrap reduction, and supply chain issues. They take a customized, results-oriented approach to support clients' production, service, and logistics needs.
R&M Consultancy provides temporary staffing, contract work, and process improvement consulting services to help companies increase efficiency and profits. They have experience since 2011 working with mass production companies in Europe. Their services include direct hiring, temporary staffing, contract work, lean and six sigma consulting, and help with challenges like seasonal ramp-ups, increased staffing needs, and reducing costs and defects. They aim to share risks with clients and use performance-based pricing to increase profits by 5-45% for clients.
How lean manufacturing will help to improve productivityglobalsevensteps
Lean is the term which has core philosophy of doing more and more with less and less. Lean System can also be referred as FIT without Fat. Origin of Lean is from Manufacturing set up in Japan which had always valued its scare resources which is primarily space.
What is job costing? What are its main characteristics?
Characteristics
Features
procedure involve in job order costing.
Applicability
What is BEP? List out the assumption of breakeven analysis
Assumption of BEP analysis
What is Profit Volume (P/V) Ratio
What is CVP analysis? How does it help the management?
What is process costing? What are its main characteristics? Name the industries where process costing can be applied.
Normal Loss
Abnormal Loss
Abnormal Gain
Job Costing & Process Costing
Accounting for losses in process costing
What do you mean by operating costing? Draw a specimen cost sheet for transport costing.
INDUSTRY AND CORRESPONDING COST UNIT
RECONCILIATION STATEMENT
Regulatory Affairs Outsourcing Considerations and ModelsPaul Kuiken
I present a number of issues which are being considered by all organisations in the healthcare, pharmaceutical, biotechnology, and clinical sectors. I presented this to an audience at an outsourcing summit and have tailored this to a more general audience.
I am happy to receive your comments and provide your insights to whether you agree or not with my points or to hear from you regarding your experiences of outsourcing in whatever sector you are interested in.
The document discusses key trends in strategic sourcing, including the growing role of analytics, defining digital procurement, emerging digital technologies, and how procurement is changing. It notes that procurement will contribute more to organizational strategy, become more agile and partner directly with business units. The COVID-19 pandemic has highlighted the need for more resilient supply chains and a focus on supplier partnerships. Organizations must determine the right level of resilience and revisit supply chain strategies.
The document discusses key trends in strategic sourcing, including the growing role of analytics, defining digital procurement, emerging digital technologies, and how procurement is changing. It notes that procurement will become more strategic and partner directly with business units using "touchless" processes. The COVID-19 pandemic has disrupted supply chains but also created opportunities to focus on resilience, zero-based category strategies, and an agile operating model. Organizations need to determine the right level of resilience and embed it throughout their supply chain strategies.
The document discusses key trends in strategic sourcing, including the growing role of analytics, defining digital procurement, emerging digital technologies, and how procurement is changing. It notes that procurement will become more strategic and partner directly with business units using "touchless" processes. The COVID-19 pandemic has highlighted the need for more resilient supply chains, and procurement must focus on areas like category strategies, supplier partnerships, and an agile operating model. Organizations need to determine the right level of resilience and embed it throughout their supply chains.
This presentation covers the concept of capital budgeting. It covers the concept of capital budgeting, purpose of capital budgeting, nature and steps involved in capital budgeting. It makes a mention of the various components of a capital structure.
This document provides an overview of operations management. It discusses key concepts like productivity, efficiency, mass customization, traditional production systems, quality management, inventory management, product development, and supply chain management. Operations management aims to convert materials and labor into goods and services as efficiently as possible to maximize profit. It ensures competitiveness, overall organizational performance, quality maintenance, and productivity.
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2. Onshoring as an
outsourcing strategy
In the face of changing geopolitical and
macroeconomic conditions, onshoring is
becoming an increasingly prominent
strategy, attracting the attention of
companies around the globe.
3. Benefits
• Lower costs - although
offshoring often appears to be
more profitable, it is onshoring that
can bring significant savings.
• Better control over your core
business – relocating production
or services to your home country is
key to greater control over the
process.
4. Benefits
• Shorter delivery time - transporting
products from abroad is time-consuming,
which is associated with longer waiting
times for customers.
• Supporting the local economy -
onshoring contributes to the growth of the
local economy, which can benefit both the
company and the country as a whole.
5. Comparison
onshoring with offshoring
Offshoring is the transfer of production and services
abroad, while onshoring is the return of these
processes to the home country. The main difference is
the location of the implementation of projects.
6. We will now examine specific cases of companies such
as Apple, Nike or GE Appliances that have decided to
onshoring.
What benefits has this brought to these companies?
• Increased control over the production process
• Reduced delivery time
• Supporting the local economy
Examples of
companies that
have benefited
from onshoring
7. It is worth considering onshoring when the company strives to
increase control over processes and shorten delivery times. It is also
necessary to compare the cost of production in the home country to
the cost of production abroad.
Is onshoring
right for your
business?
8. Summary and conclusions
Onshoring isn't one-size-fits-all. To decide
wisely, understand your needs and
capabilities. It offers benefits like lower
costs, better control, and local support.
Assess your situation and consider all
factors.