Process Flow Strategies

Process Flow Strategies FIN515 Operations Manageme November 1, 2009 The optimal goal in nigh businesses is to have a profitable bottom line. The origin in obtaining this optimal goal is to prevent the least add of errors and be as cost effective in doing so. Reid and Sanders addresses terce routine flow strategies: make-to- armoury, assemble-to- frame, and make-to-order that define a businesss positioning strategy. These strategies, ground on a businesss competitive foregoingity will finalize how an mathematical operation system is organized (Reid &type A; Sanders, 2007, p. 75). additionally to the performance flow strategy, the internet- found application of electronic data swop (EDI) has changed the ontogeny of computer-to-computer communication. gibe to Reid and Sanders (2007), EDI is a form of computer-to-computer communication order for sharing business documents such(prenominal) as invoicesproduct stocking numbers (p. 105). reading technology has played an increasingly significant role in maximizing supply chain of mountains efficiency and minimizing its complexity. Its become in particular critical for distributors, as trading partners on two ends of the chain have been driving and, in some cases, mandating the acceptation of such technologies (Kaplan & Cioletti, 2009 p. 41-42).

Make-To-Stock Strategy Make to stock (MTS) is a manufacturing method in which finished goods argon produced and stocked with prior to receipt of a customer order. It uses a bet based on past demand history to educate deed of end items when inven tory has fallen below in demand(p) levels, ! alternatively of waiting until a final quantity and signifier is depict on a customer order (Bridgefield Group, 2006). According to Reid & Sanders, the make-to-stock strategy is to make them ahead of time to date that they are always available upon demand (p. 69). Product and armed helper focused businesses have a tendency to use a make-to-stock strategy, in which the business holds the item in stock for neighboring(a) delivery, thereby minimizing... If you want to get a full essay, order it on our website: BestEssayCheap.com

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