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Operations Strategy for Industry

Introduction

The existence of a properly formulated and explicit strategy is essential to ensure the development and success of the business. In industrial companies, the operations strategy is a key element. Every company is in a unique and dynamic situation offering products and services with different order winning criteria. Consequently the philosophy of this module is to present a variety of frameworks, methods and examples of how operations strategy can be formulated and implemented in manufacturing and related industries.

Objectives         

On completion, the participant will be:

  • Define Operations Strategy and its importance in an industrial business.
  • Explain how Operations Strategy integrates, aligns and interacts with other company strategies.
  • Describe the impact of Operations Strategy at different levels within the organisation.
  • Recognise the need to measure the performance of the operations strategy and identify suitable areas for measurement.
  • Discuss and give examples of how Operations Strategy can be formulated.
  • Appraise and question different companies’ operations strategies and draw conclusions from the information.
  • Select appropriate practices for implementing Operations Strategy in different environments.
  • Apply some of the tools and techniques learnt to case study material.

Contents

  • Evolution of manufacturing and the journey to World Class.
  • Integration of operations strategy with business strategy.
  • Operations strategy formulation processes.
  • Tools & techniques for operations strategy decisions.
  • Outsourcing strategy.
  • International manufacturing/operations.
  • Designing business processes.
  • Performance measurement in an operations environment.
  • Implementation issues.
  • Practical examples of strategy formulation.
  • Academic and company case studies.

Duration

5 Days