Part Five Chapter Global Operations Management Competing in a Global Marketplace Thirteen Slide 13-1 Manufacturing and Materials Management Production: activities that involve Service and manufacturing converting inputs to a product Materials management: activities that Control the transmission of physical materials through the value chain: procurement –> production –> distribution Logistics Procurement and physical transmission of material through the supply chain suppliers –> customers Irwin/McGraw-Hill Copyright 2001 The McGraw-Hill Companies, Inc. All rights reserved. Slide 13-2 Quality and Costs Quality … Increases Productivity Improves Performance Reliability Lowers Rework and Scrap Costs Lowers Warranty Costs Lowers Manufacturing Costs Lowers Service Costs Increases Profits Fig. 13.1 Irwin/McGraw-Hill Copyright 2001 The McGraw-Hill Companies, Inc. All rights reserved. Slide 13-3 ISO 9000 European Set Unions standards for quality by code Firm must be certified “ISO 9000” before it is allowed access to the EU marketplace Irwin/McGraw-Hill Copyright 2001 The McGraw-Hill Companies, Inc. All rights reserved. Slide 13-4 Manufacturing Location Decision Country Factors Favorable economic, political, cultural conditions Technological Factors Fixed costs relatively low Minimum efficient scale Scale of output a plant needs to realize scale-economies Market demand must be sufficient to reach this scale Flexible manufacturing-lean production-mass customization Product features Value-to-weight ratio Universal needs Irwin/McGraw-Hill Copyright 2001 The McGraw-Hill Companies, Inc. All rights reserved. Slide 13-5 Where to Locate? Concentrate manufacturing if: Costs of manufacturing are responsive to country environment (one location best) Trade barriers are low Exchange rates among currencies with impact on your business are stable Production technology Has high fixed costs Has high minimum efficient scale Exists in flexible manufacturing format Product value-to-weight ratio is high Product serves universal needs – minor difference in customer needs, consumer preferences Irwin/McGraw-Hill Copyright 2001 The McGraw-Hill Companies, Inc. All rights reserved. Slide 13-6 Where to Locate? Decentralize manufacturing if: Country environment does not affect costs much Trade barriers are high Production technology Has low fixed costs Has low minimum efficient scale Does not exists in flexible manufacturing format Product value-to-weight ratio is low Product does not serve universal needs – significant difference in customer needs, consumer preferences Irwin/McGraw-Hill Copyright 2001 The McGraw-Hill Companies, Inc. All rights reserved. Slide 13-7 Make-or-Buy? “Make” advantage Lower costs in-house? Are specialized assets needed? Investment issue Is proprietary technology needed? Know-how “Buy” protection issue (Dunning) advantage Strategic flexibility needed? Lower costs by buying? Offsets a possibility by? In either case “improved scheduling” just as important Irwin/McGraw-Hill Copyright 2001 The McGraw-Hill Companies, Inc. All rights reserved. Slide 13-8 Other Issues Strategic alliances with suppliers Just-in-time The inventory system management role of information technology Irwin/McGraw-Hill Copyright 2001 The McGraw-Hill Companies, Inc. All rights reserved.