Corporate level strategies are basically about the choice of direction that a firm adopts in order to achieve its objectives.
Corporate strategy is essentially a blueprint for the growth of the firm.
The corporate strategy sets the overall direction for the organization to follow.
It also spells out the extent, pace and timing of the firm’s growth.
The module deals with overview of Production and Operation Management. It highlights the Definition, characteristics and objective of POM, also it focus on Production System.
Purchasing Management
Principles of Purchasing Management OR (8 R'S)
Functions of Purchasing Management
Negotiating
Value Engineering
VALUE ANALYSIS
Receive Purchase Request
Supplier selection
Payment Authorization
Market research and Information
Selection of Source
Determination of Price and Availability
Follow Up
Corporate level strategies are basically about the choice of direction that a firm adopts in order to achieve its objectives.
Corporate strategy is essentially a blueprint for the growth of the firm.
The corporate strategy sets the overall direction for the organization to follow.
It also spells out the extent, pace and timing of the firm’s growth.
The module deals with overview of Production and Operation Management. It highlights the Definition, characteristics and objective of POM, also it focus on Production System.
Purchasing Management
Principles of Purchasing Management OR (8 R'S)
Functions of Purchasing Management
Negotiating
Value Engineering
VALUE ANALYSIS
Receive Purchase Request
Supplier selection
Payment Authorization
Market research and Information
Selection of Source
Determination of Price and Availability
Follow Up
Features:
The organization gets the total man
Humanize the work i.e. Quality of work life is stressed and improved
Brings out extra-ordinary qualities from ordinary people
To display the human capabilities fully and eventually draw out infinite possibilities
Prepares the employer and employees to meet the challenges of the changing time and condition
In this presentation, we will discuss elaborately on strategic operations management, concept of strategy, five tasks of strategic management, strategic management process and importance of strategic management. We will also talk about role of operations in strategic management and elements of operations strategy,.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
Competitive dimensions - strategic management - Manu Melwin Joymanumelwin
According to Porter, two competitive dimensions are the keys to business-level strategy.
The first dimension is a firm’s source of competitive advantage.
The second dimension is firms’ scope of operations.
How to Introduce Operational Excellence in your Organisation?Tina Arora
This presentation will help you present to the management the need and benefits of introducing Operational Excellence as a department in your Organisation.
It can be modified to suit the advocacy in any industry - be it Financial services, BPO, LPO, KPO, Domestic call centres, Manufacturing, Consumer Goods, Retail, etc.
Operations strategy or Strategy || Development and Implementation of Strategy...Uttar Tamang ✔
This slide is all about the :
1. Operations strategy or Strategy
2. Global View of Operations
3. Developing of Mission and Strategy
3.1. Mission
3.2. Strategy
4. Types of Strategy (Operational and Competitive)
5. Achieving Competitive Advantage Through Operations
6. Development and Implementation of Strategy
7. Strategy Development Process
8. Implementation of Strategy (Process)
9. References
.
By: Uttar Tamang
Explain briefly elements of operations strategy?
Ans. The six elements of operations strategy are:-
1. Designing of the production system
2. Facilities for production and services
3. Product or service design and development
4. Technology selection, development, and process development
5. Allocation of resources
6. Focus on facilities planning
1. Designing of the production system: - The designing of the production
system involves the selection of the type of product design, processing
system, inventory plan for finished goods, etc. The product design has
two varieties.
Customized product design
Standard product design
There are two types of production systems. They are product focused and
process focused. Product-focused system is adopted where there is mass
production by using a group of machines. For example, products like
automobiles, computers, etc.
2. Facilities for production and services: - Certain specialization in
production allows the firm to provide the customers with products of
lower cost, faster delivery, on-time delivery, high product quality, and
flexibility.
3. Product or Service design and development:-
Generating the idea
Creating the feasibility reports
Designing the prototype and testing
Preparing a production model
Evaluating the economies of scale for production
Testing the product in the market
Obtaining feedback
Creating the final design and starting the production
4. Technology selection and process development: - A product selected
for production will be analyses for the process and the applicable
technology for optimal production. There are many challenges faced by
the operations managers in this decision as the alternatives are many.
The techno-economic analysis for each alternative will help to decide
the required technology.5. Allocation of resources: - The production units face continuous
problems of allocating the scarce resources like capital, machines,
equipment, materials, manpower, services, etc. Allocation at the right
time to the right place of production indicates the efficiency of the
production planners. Optimal use of resources will enable economical
production. Minimizing waste, optimal utilization of resources, and the
best quality product demand a sound operations strategy.
6. Facility, capacity, and layout planning: - The location, layout, and
facilities creation for the production are the key decision areas for the
operations manager. These are critical for achieving the
competitiveness. The decision also influences the future expansion of
the plant. While evaluating the alternatives, the operations manager will
consider the availability of raw materials, access to market, etc.
Enormous capital requirement is required and the planning is always
long range. Here, the production process adopted and the technology
pursued dictates the volume, quality, and cost of production
Overview of the fundamental roles in Hydropower generation and the components involved in wider Electrical Engineering.
This paper presents the design and construction of hydroelectric dams from the hydrologist’s survey of the valley before construction, all aspects and involved disciplines, fluid dynamics, structural engineering, generation and mains frequency regulation to the very transmission of power through the network in the United Kingdom.
Author: Robbie Edward Sayers
Collaborators and co editors: Charlie Sims and Connor Healey.
(C) 2024 Robbie E. Sayers
Quality defects in TMT Bars, Possible causes and Potential Solutions.PrashantGoswami42
Maintaining high-quality standards in the production of TMT bars is crucial for ensuring structural integrity in construction. Addressing common defects through careful monitoring, standardized processes, and advanced technology can significantly improve the quality of TMT bars. Continuous training and adherence to quality control measures will also play a pivotal role in minimizing these defects.
Student information management system project report ii.pdfKamal Acharya
Our project explains about the student management. This project mainly explains the various actions related to student details. This project shows some ease in adding, editing and deleting the student details. It also provides a less time consuming process for viewing, adding, editing and deleting the marks of the students.
Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdffxintegritypublishin
Advancements in technology unveil a myriad of electrical and electronic breakthroughs geared towards efficiently harnessing limited resources to meet human energy demands. The optimization of hybrid solar PV panels and pumped hydro energy supply systems plays a pivotal role in utilizing natural resources effectively. This initiative not only benefits humanity but also fosters environmental sustainability. The study investigated the design optimization of these hybrid systems, focusing on understanding solar radiation patterns, identifying geographical influences on solar radiation, formulating a mathematical model for system optimization, and determining the optimal configuration of PV panels and pumped hydro storage. Through a comparative analysis approach and eight weeks of data collection, the study addressed key research questions related to solar radiation patterns and optimal system design. The findings highlighted regions with heightened solar radiation levels, showcasing substantial potential for power generation and emphasizing the system's efficiency. Optimizing system design significantly boosted power generation, promoted renewable energy utilization, and enhanced energy storage capacity. The study underscored the benefits of optimizing hybrid solar PV panels and pumped hydro energy supply systems for sustainable energy usage. Optimizing the design of solar PV panels and pumped hydro energy supply systems as examined across diverse climatic conditions in a developing country, not only enhances power generation but also improves the integration of renewable energy sources and boosts energy storage capacities, particularly beneficial for less economically prosperous regions. Additionally, the study provides valuable insights for advancing energy research in economically viable areas. Recommendations included conducting site-specific assessments, utilizing advanced modeling tools, implementing regular maintenance protocols, and enhancing communication among system components.
Cosmetic shop management system project report.pdfKamal Acharya
Buying new cosmetic products is difficult. It can even be scary for those who have sensitive skin and are prone to skin trouble. The information needed to alleviate this problem is on the back of each product, but it's thought to interpret those ingredient lists unless you have a background in chemistry.
Instead of buying and hoping for the best, we can use data science to help us predict which products may be good fits for us. It includes various function programs to do the above mentioned tasks.
Data file handling has been effectively used in the program.
The automated cosmetic shop management system should deal with the automation of general workflow and administration process of the shop. The main processes of the system focus on customer's request where the system is able to search the most appropriate products and deliver it to the customers. It should help the employees to quickly identify the list of cosmetic product that have reached the minimum quantity and also keep a track of expired date for each cosmetic product. It should help the employees to find the rack number in which the product is placed.It is also Faster and more efficient way.
Explore the innovative world of trenchless pipe repair with our comprehensive guide, "The Benefits and Techniques of Trenchless Pipe Repair." This document delves into the modern methods of repairing underground pipes without the need for extensive excavation, highlighting the numerous advantages and the latest techniques used in the industry.
Learn about the cost savings, reduced environmental impact, and minimal disruption associated with trenchless technology. Discover detailed explanations of popular techniques such as pipe bursting, cured-in-place pipe (CIPP) lining, and directional drilling. Understand how these methods can be applied to various types of infrastructure, from residential plumbing to large-scale municipal systems.
Ideal for homeowners, contractors, engineers, and anyone interested in modern plumbing solutions, this guide provides valuable insights into why trenchless pipe repair is becoming the preferred choice for pipe rehabilitation. Stay informed about the latest advancements and best practices in the field.
Democratizing Fuzzing at Scale by Abhishek Aryaabh.arya
Presented at NUS: Fuzzing and Software Security Summer School 2024
This keynote talks about the democratization of fuzzing at scale, highlighting the collaboration between open source communities, academia, and industry to advance the field of fuzzing. It delves into the history of fuzzing, the development of scalable fuzzing platforms, and the empowerment of community-driven research. The talk will further discuss recent advancements leveraging AI/ML and offer insights into the future evolution of the fuzzing landscape.
Vaccine management system project report documentation..pdfKamal Acharya
The Division of Vaccine and Immunization is facing increasing difficulty monitoring vaccines and other commodities distribution once they have been distributed from the national stores. With the introduction of new vaccines, more challenges have been anticipated with this additions posing serious threat to the already over strained vaccine supply chain system in Kenya.
Automobile Management System Project Report.pdfKamal Acharya
The proposed project is developed to manage the automobile in the automobile dealer company. The main module in this project is login, automobile management, customer management, sales, complaints and reports. The first module is the login. The automobile showroom owner should login to the project for usage. The username and password are verified and if it is correct, next form opens. If the username and password are not correct, it shows the error message.
When a customer search for a automobile, if the automobile is available, they will be taken to a page that shows the details of the automobile including automobile name, automobile ID, quantity, price etc. “Automobile Management System” is useful for maintaining automobiles, customers effectively and hence helps for establishing good relation between customer and automobile organization. It contains various customized modules for effectively maintaining automobiles and stock information accurately and safely.
When the automobile is sold to the customer, stock will be reduced automatically. When a new purchase is made, stock will be increased automatically. While selecting automobiles for sale, the proposed software will automatically check for total number of available stock of that particular item, if the total stock of that particular item is less than 5, software will notify the user to purchase the particular item.
Also when the user tries to sale items which are not in stock, the system will prompt the user that the stock is not enough. Customers of this system can search for a automobile; can purchase a automobile easily by selecting fast. On the other hand the stock of automobiles can be maintained perfectly by the automobile shop manager overcoming the drawbacks of existing system.
Immunizing Image Classifiers Against Localized Adversary Attacksgerogepatton
This paper addresses the vulnerability of deep learning models, particularly convolutional neural networks
(CNN)s, to adversarial attacks and presents a proactive training technique designed to counter them. We
introduce a novel volumization algorithm, which transforms 2D images into 3D volumetric representations.
When combined with 3D convolution and deep curriculum learning optimization (CLO), itsignificantly improves
the immunity of models against localized universal attacks by up to 40%. We evaluate our proposed approach
using contemporary CNN architectures and the modified Canadian Institute for Advanced Research (CIFAR-10
and CIFAR-100) and ImageNet Large Scale Visual Recognition Challenge (ILSVRC12) datasets, showcasing
accuracy improvements over previous techniques. The results indicate that the combination of the volumetric
input and curriculum learning holds significant promise for mitigating adversarial attacks without necessitating
adversary training.
Welcome to WIPAC Monthly the magazine brought to you by the LinkedIn Group Water Industry Process Automation & Control.
In this month's edition, along with this month's industry news to celebrate the 13 years since the group was created we have articles including
A case study of the used of Advanced Process Control at the Wastewater Treatment works at Lleida in Spain
A look back on an article on smart wastewater networks in order to see how the industry has measured up in the interim around the adoption of Digital Transformation in the Water Industry.
Water Industry Process Automation and Control Monthly - May 2024.pdf
OPERATION STRATEGY
1. Operation management is the systematic design, direction & control of the
process that transform inputs into services.
Plants – Factory & location where all activities take place.
People – Direct & Indirect workforce.
Parts – The components, sub assemblies, or even products.
Processes – Methodologies, technology, tooling & fixtures for establishing
maintaining, and improving productivity.
Planning & control – MIS which initiates, direct, monitors & collect
feedback.
Wednesday, January 21, 2015 1
2. Wednesday, January 21, 2015 2
Corporate Strategy
• Environment Scanning
• Core Competencies.
• Core Process
• Global Strategies
Functional Strategy
• Finance
• Marketing
• Operations
Market Analysis
• Market Segmentation
• Needs Assessment
Competitive Priorities
• Cost
• Quality
• Time
• Flexibility
Competitive
Capabilities
• Current
• Needed
• Planned
New Service/ Product Design
• Design
• Analysis
• Development
• Full launch
OPERATION MANAGEMENT AND STRATEGY
Operation function should be guided by strategies which are consistent with the
organisation strategies
3. Wednesday, January 21, 2015 3
OPERATION STRATEGY
The set of decision that are warranted in the operational processes to support the
competitive of the business. To develop organizational strategies at three level of
operation:
• Corporate Level
• Business Level
• Functional Level
CORPORATE STRATEGY
BUSINESS STRATEGY
PRODUCT OR SERVICES
COMPETITIVE PRIORITIES
( COST, TIME QUALITY, FLEXIBILITY)
GLOBAL
BUSINESS
ENVIROMENT
COMPETENCIES
4. Wednesday, January 21, 2015 4
OPERATION STRATEGY
Production Systems ( Make to stock/ Order, Assemble to order)
Product Plans
Outsourcing
Process Decisions
Quality Decisions
Capacity Decisions ( Facility planning, location, layout)
Operating Decisions.
Technology Decisions.
Resource Planning.
LINKAGE BETWEEN CORPORATE, BUSINESS &
OPERATION STRATEGY
5. Wednesday, January 21, 2015 5
The six elements of operation strategy are:
1) Designing of the production system – The product design has two varieties -
Customised product design – The design is customised when the volume is low
and special features are inbuilt. Eg: Turbines, boiler, air compressors etc.
Standard product design – The designer adopt a universal design so that the
product will have wide acceptance across the customer. Eg: Air conditioners, TV.
There are two types of production systems:
Product focussed – system is adopted where mass production is using a group
of machines. Eg: Automobiles, computer.
Process focussed – system is based on a single task like painting, packing, heat.
2) Facilities for the production and services – Production allows the firm to
provide the customer with products of low cost, faster delivery, on-time delivery.
ELEMENTS OR COMPONENTS OF OPERATION
STRATEGY
6. Wednesday, January 21, 2015 6
3) Product & service design and development –
Generating the idea.
Creating the feasibility reports.
Designing the prototype
Preparing a production model.
Evaluating the economies of scale for production.
Testing the product in the market.
Obtaining feedback.
Creating the final design and starting the production.
Product life cycle introduced in the market has its own life cycle.
1) Introduction stage.
2) Growth stage.
3) Maturity stage.
4) Decline stage.
ELEMENTS OR COMPONENTS OF OPERATION
STRATEGY
7. QUALITY
FLEXIBILITY
OPERATION
STRATEGY
TIME
Wednesday, January 21, 2015 7
OPERATION MANAGEMENT AND STRATEGY
Phases of Operations Strategy
Quality is the driving factor for
any organisation. Quality
includes Just-In-Time, Lean
Manufacturing, Total Quality
Management, Total Productive
Maintenance.
Flexibility enables a firm to
meet the changing demands of
the customers to develop new
processes and materials and to
make the organisation more
agile in its manufacturing
Planning
Design Time
Processing Time
Changeover Time
Delivery Time
Response Time
Factor To Be Reduced During Operation
8. Wednesday, January 21, 2015 8
OPERATION MANAGEMENT AND STRATEGY
Strategic Decision Making- is most crucial management function.
Decisions commit the organisation and its members to activities which have
financial repercussions and effect the functioning of others departments or
division. Strategic Decision making consist of :-
• Data Gathering
• Analysis
• Predicting outcomes
• Environmental Scanning
• Core competencies
Environmental Scanning
• Competitors may be gaining an edge by diversification, making forays into
firm niche market by making new and better products.
• Suppliers could be forming cartels and preparing to drive hard bargains.
• Government could be passing laws and issuing order which could affect the
supply of materials. Now it is used to be SWOT analysis and PESTLE analysis.
10. Wednesday, January 21, 2015 10
OPERATION MANAGEMENT AND STRATEGY
Differentiation Strategic – is referred to the long term priorities or goal achieve.
“Companies have different potential in terms of maneuverability along with target market
place (channels), promotion and price. These are affected by the company’s position in the
market, and the industry structure”. The BCG growth-share matrix displays the various
business units on a graph of the market growth rate vs. market share relative to competitors:
A business unit that
has a large market
share in a fast
growing industry.
Stars may generate
cash, but because the
market is growing
rapidly they require
investment to
maintain their lead.
If successful, a star
will become a cash
cow when its
industry matures
a business unit that has a large market
share in a mature, slow growing industry.
Cash cows require little investment and
generate cash that can be used to invest in
other business units
A business unit that has a small
market share in a high growth
market. These business units
require resources to grow
market share, but whether they
will succeed and become stars
is unknown.
A business unit that has a small market share in a
mature industry. A dog may not require
substantial cash, but it ties up capital that could
better be deployed elsewhere. Unless a dog has
some other strategic purpose, it should be
liquidated if there is little prospect for it to gain
market share.
11. Wednesday, January 21, 2015 11
INDUSTRY BEST PRACTICES
Pragmatic Benchmarking – is a method of measuring a company’s processes,
methods and procedures in a way that all functions in great details.
Benchmarking - A process of comparison with a superior performer anywhere in
the world to improve quality . The following are types of benchmarking:-
Process benchmarking – Business process.
Financial benchmarking.
Performance benchmarking.
Product benchmarking.
Strategic benchmarking.
Functional benchmarking.
Benchmarking is classified into two groups :
Internal Benchmarking – refers to comparison within the organisation or
industry.
External Benchmarking – refers to comparison with outsiders.
12. Wednesday, January 21, 2015 12
INDUSTRY BEST PRACTICES
Steps in Benchmarking –
Planning, analysis, integration, and action are the four steps recognized in the
process of benchmarking. Targets are set and activities are conducted to reach
them.
Planning – determines the process, service, or the product to be benchmarked
on which metrics are assigned for collection of data.
Analysis – Analysed data gives inputs for comparison with the target company’s
performance on the parameter benchmark on which data was collected.
Integration – Resources are required across all functions to achieve the target
needs. Integration involves putting together resources like people, equipments and
communication, so that progress is unhindered.
Action – When changes are needed, actions have to be planned according to the
steps earlier stated. The teams are provided with necessary leadership, authority
and supporting facilities to enable them to complete all activities within the time
frame set for the purpose.
13. Wednesday, January 21, 2015 13
MANUFACTURING STRATEGIES
There are many types of competitive priorities for process used in the
manufacturing of products. The production systems are:
Batch production.
Mass production.
Customised production.
Assemble products.
The following are three dominant strategies:
Make to stock – Manufacturing firms adopt this strategy to ensure immediate
delivery of the products, minimizing delivery times. Eg: chemical, soft drink.
Assemble to order – This strategy serves as a competitive priority of
customization and ensures fast delivery. Eg: Paints to colors, furniture.
Make to order – The firms set of processes that suits the manufacture based on
the customer requirements. This strategy gives a higher degree of customization,
one of the major competitive priority.