Articles Week 2 Flashcards
1
Q
What are the key points in: Manufacturing - the missing link in corporate strategy
A
- Don’t separate the corporate strategy from the manufacturing.
- The decisions made by manufacturing influences if the company is able the withhold the strategy.
- Top-down manufacturing
- The cost and high efficiency are not the main objective in all production processes (for some companies it is of greater importance to have a flexible and fast production)
2
Q
What are the key points in: Beyond World Class
A
- A true manufacturing strategy is a plan for developing the skills and capabilities that will enable a company to do certain things better than competitors over the long haul.
- Often companies apply some parts of an operations strategy but they fail when implementing it.
- “Quick fix” - considered solutions to specific problems and not a whole philosophy → they overlook the power of these programs = the ability build new capabilities.
- You cannot say that you have implemented lean, cause it is an ongoing process.
- Vid investeringar - tänk på vad för capabilities som företaget utvecklar. - kan vara svårt att motivera investeringar i short-term.