Business Success Story: Burris Logistics
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See how Burris Logistics improved their bottom line by streamlining data integration using EXTOL integration solutions.
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This document discusses key concepts related to operations management. It covers topics such as operations, productivity, different types of production systems, new production technologies like flexible production and mass customization, inventory management strategies like just-in-time and economic order quantity, and supply chain management. The document provides definitions and explanations of these important operations management terms.
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just in time
Japanese automakers implemented just-in-time (JIT) manufacturing after WWII to gain more efficient use of limited resources in the face of declining market share. The Toyota Motor Company was the first to fully implement a successful JIT system in the 1970s. JIT aims to produce only what is needed when it is needed and keeps stock levels minimal by having components arrive just before assembly in a close supplier relationship, reducing costs from excess inventory.
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This document summarizes the history and business model of Dell Technologies. It discusses that Michael Dell started the company in 1984 out of his dorm room at the University of Texas with $1000. By 1988, Dell went public and sold 3.5 million shares. The document then explains Dell's supply chain process, which involves procurement and fulfilling customer orders through a build-to-order model. This allows Dell to minimize costs and inventory while providing customized computers to customers. Dell achieves this through direct sales, building products only after receiving orders, and closely integrating suppliers into their process.
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• Achieving visibility into key external B2B IT and business processes
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• Offers faster and easier partner onboarding
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• Offers visibility into business activity for predictable performance
• Offers faster ROI on B2B projects
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ais10_ch20.ppt
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