Chapter 1 Introduction to Operations and Competitiveness Copyright 2006 John Wiley & Sons, Inc. To Accompany Russell and Taylor, Operations Management, 4th Edition, 2003 Prentice-Hall, Inc. All rights reserved. Welcome to ISQS 3344 Instructor: Dr. Burns Spring 2015 SEMESTER Telephone: 834-1547 Email: jburns@ba.ttu.edu Off hrs: by appointment Website: burns.ba.ttu.edu Copyright 2014 John Wiley & Sons, Inc. My web site http://burns.ba.ttu.edu From there you can navigate to the ISQS 3344 WEBPAGE Copyright 2014 John Wiley & Sons, Inc. 1-3 Prerequisites STATISTICS Basic Statistical Concepts COMPUTER LITERACY MS Excel MS Word Copyright 2014 John Wiley & Sons, Inc. 1-4 Seating The seat you sit in on the second session of class will be your seat for the duration of the class A seating chart will be ‘made-up’ then Copyright 2014 John Wiley & Sons, Inc. 1-5 Copyright 2006 John Wiley & Sons, Inc. 1-7 Requirements/Pedagogy Two EXAMS and a FINAL EXAM Three homework sets Collected the day before we do our review TO GET US READY TO TAKE THE EXAMS Three Reviews Performed the day before we take the exams TO GET US READY TO TAKE THE EXAMS Copyright 2014 John Wiley & Sons, Inc. 1-8 Term Project: Enabling you to get a head start on your dream Teams of three or four “Teamwork makes the ______work” Six parts to the term project Copyright 2014 John Wiley & Sons, Inc. 1-9 The projects’ six parts Part 1—Design of the Firm & its Products Part 2—Strategic Quality Design Part 3—Design of the Internal Processes Part 4—Design of the External Processes Part 5—Design of the Inventory/Forecasting Part 6—Design of the Startup Project Copyright 2014 John Wiley & Sons, Inc. 1-10 The projects’ six parts are due: Proposal—1/22/2015 Part 1—2/5/2015 Part 2—2/17/2015 Part 3—2/24/2015 Part 4—4/9/2015 Part 5—4/16/2015 Part 6—5/5/2015 -- along with the total project Copyright 2014 John Wiley & Sons, Inc. 1-11 Project Proposal Team members What product/service is being contemplated? Why is this needed? What is unique about this product/service? Must be approved/won’t be graded Copyright 2014 John Wiley & Sons, Inc. 1-12 Grading The homework is worth a total of 16% Each EXAM is worth 16% {There are two EXAMS} The FINAL is worth 17% The project is worth 29% Attendance and participation is worth 6% Copyright 2014 John Wiley & Sons, Inc. 1-13 Grades 90-100---A 80-89.999---B 70-79.999---C 97.5-on up---A+ 92.5-97.4999---A 90-92.4999---ACopyright 2014 John Wiley & Sons, Inc. 1-14 Class Pedagogy Won’t show any movies Video clips are OK, however PowerPoint Simulations, where possible Lectures--more informal Interactive Discussions Copyright 2014 John Wiley & Sons, Inc. 1-15 About your professor….. Have taught this course for more than 20 years Finds the content of this course fascinating …..my view of this course and the world… Copyright 2014 John Wiley & Sons, Inc. 1-16 The 100 best jobs today (US News Rankings – 2015) http://money.usnews.com/careers/bestjobs/rankings/the-100-best-jobs Copyright 2014 John Wiley & Sons, Inc. 1-17 Questions How big is the U.S. economy in terms of GDP? What is the world-wide GDP? How big is the U.S. population in relation to the rest of the world? What percentage of worldwide nonrenewable resources are consumed just in the U.S. alone? Copyright 2014 John Wiley & Sons, Inc. 1-18 More questions Is the U.S. leadership in terms of material standard of living sustainable? What does it take to make it sustainable? What is causing the devaluation of the dollar? Will that devaluation continue? Is there anything good that comes from devaluation of the dollar? What’s bad about the $ devaluation? Copyright 2014 John Wiley & Sons, Inc. 1-19 What are some of the biggest problems our country (U.S.A.) faces? The war on terror Mexican border out of control The national debt; the budget and trade deficits Contributions to global warming High energy costs Health care is too expensive Major employers like banks are tanking Copyright 2014 John Wiley & Sons, Inc. 1-20 What solutions do you foresee to America’s problems? Massive Jobs growth (particularly high-value jobs) and Immigration of tax-paying, foreign professionals Strong productivity growth Sell Resources owned by the Federal Gov. Oil on Federally-owned lands Gas on Federally-owned lands Coal on Federally-owned lands Uranium on Federally-owned lands Electricity (solar and wind farms on federally-owned land) BUY AMERICAN Copyright 2014 John Wiley & Sons, Inc. 1-21 The National Debt Officially, $ 17,455,325,678,402.07 as of today accumulating at the rate of $3.5 billion per day-$139,250 per taxpayer According to Kotlikoff, the fiscal gap is a stunning $65.9 trillion—that is more than twice the total net worth of the entire country Social Security and Medicare liabilities are estimated at $40 trillion No plans for accommodation of the retirements in 77 million baby boomers beginning now, but becoming substantial after 2014 Copyright 2014 John Wiley & Sons, Inc. 1-22 Solutions--Kotlikoff Copyright 2014 John Wiley & Sons, Inc. 1-23 Competitiveness The opportunities are huge There will be massive change You can exploit that change to create wealth Copyright 2014 John Wiley & Sons, Inc. 1-24 Standard of Living Jobs Competitiveness Cycle Time Productivity Cost Quality Operations Creativity Innovation Copyright 2014 John Wiley & Sons, Inc. Improvement Design 1-25 What are some OM entry-level titles? PROJECT MANAGER BUSINESS PROCESS ANALYST INVENTORY ANALYST PROJECT COORDINATOR UNIT SUPERVISOR SUPPLY CHAIN ANALYST MATERIALS MANAGER QUALITY ASSURANCE SPECIALIST PRODUCTION SCHEDULER LOGISTICS PLANNER Copyright 2014 John Wiley & Sons, Inc. 1-26 Competitiveness, Productivity, Leanness, Agility and Maturity That’s what this course is about Creating wealth through production of goods and services Copyright 2006 John Wiley & Sons, Inc. 1-27 Copyright 2006 John Wiley & Sons, Inc. 1-29 Copyright 2006 John Wiley & Sons, Inc. 1-30 Chapter 1 Introduction to Operations and Supply Chain Management Russell and Taylor Operations and Supply Chain Management, 8th Edition Lecture Outline The Operations Function – Slide 8 The Evolution of Operations and Supply Chain Management – Slide 13 Globalization – Slide 21 Productivity and Competitiveness – Slide 25 Strategy and Operations – Slide 30 Organization of the Text – Slide 45 Learning Objectives of this Course – Slide 47 © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-39 Learning Objectives Describe what the operations function is and how it relates to other business functions. Discuss the key factors that have contributed to the evolution of operations and supply chain management. Discuss how and why businesses operate globally, and the importance of globalization in supply chain management. Calculate and interpret productivity measures used for measuring competitiveness. Discuss the importance of operations and supply chain management to a firm’s strategy, and the process of developing, aligning and deploying strategy. © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-40 Operations Management • What is Operations Management? design, operation, and improvement of productive systems • What is Operations? a function or system that transforms inputs into outputs of greater value What is a Value Chain? a series of activities from supplier to customer that add value to a product or service © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-41 Transformation Process • A series of activities along a value chain extending from supplier to customer • Activities that do not add value are superfluous and should be eliminated © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-42 Transformation Process • Physical: as in manufacturing operations • Locational: as in transportation or warehouse operations • Exchange: as in retail operations • Physiological: as in health care • Psychological: as in entertainment • Informational: as in communication © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-43 Operations as a Transformation Process INPUT •Material •Machines •Labor •Management •Capital TRANSFORMATION PROCESS OUTPUT •Goods •Services Feedback & Requirements © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-44 The Operations Function Organizing work Selecting processes Arranging layouts Locating facilities Designing jobs Measuring performance Controlling quality Scheduling work Managing inventory Planning production © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e Operations Function Operations Marketing Finance and Accounting Human Resources Suppliers © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-46 Historical Events in Operations Management Era Industrial Revolution Scientific Management Events/Concepts Dates Originator Steam engine Division of labor Interchangeable parts Principles of scientific management 1769 1776 1790 James Watt 1911 Frederick W. Taylor Time and motion studies 1911 Activity scheduling chart Moving assembly line 1912 1913 Adam Smith Eli Whitney Frank and Lillian Gilbreth Henry Gantt Henry Ford © 2014 John Wiley & Sons, 1-52 Inc. - Russell and Taylor 8e Historical Events in Operations Management Era Human Relations Operations Research Events/Concepts Dates Originator Hawthorne studies 1930 1940s 1950s 1960s 1947 1951 Elton Mayo Abraham Maslow Frederick Herzberg Douglas McGregor George Dantzig Remington Rand 1950s Operations research groups 1960s, 1970s Joseph Orlicky, IBM and others Motivation theories Linear programming Digital computer Simulation, waiting line theory, decision theory, PERT/CPM MRP, EDI, EFT, CIM © 2014 John Wiley & Sons, 1-53 Inc. - Russell and Taylor 8e Historical Events in Operations Management Era Events/Concepts JIT (just-in-time) TQM (total quality management) Strategy and Quality Revolution operations Dates Originator 1970s 1980s 1980s Reengineering 1990s Six Sigma 1990s Taiichi Ohno (Toyota) W. Edwards Deming, Joseph Juran Wickham Skinner, Robert Hayes Michael Hammer, James Champy GE, Motorola © 2014 John Wiley & Sons, 1-54 Inc. - Russell and Taylor 8e Historical Events in Operations Management Era Events/Concepts Internet Revolution Internet, WWW, ERP, 1990s supply chain management Globalization Dates Originator E-commerce 2000s WTO, European Union, Global supply chains, Outsourcing, Service Science 1990s 2000s © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e ARPANET, Tim Berners-Lee SAP, i2 Technologies, ORACLE, Dell Amazon, Yahoo, eBay, Google, and others China, India, Emerging economies 1-55 Historical Events in Operations Management Era Events/Concepts Sustainability Global warming Carbon footprint Green products Corporate social responsibility (CSR) UN Global Compact © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e Dates Originator Today Numerous companies, statesmen, governments, United Nations, World Economic Forum 1-56 Evolution of Operations and Supply Chain Management Supply chain management management of the flow of information, products, and services across a network of customers, enterprises, and supply chain partners © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-57 Globalization Why “go global”? favorable cost access to international markets response to changes in demand reliable sources of supply latest trends and technologies Increased globalization results from the Internet and falling trade barriers © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-58 Hourly Compensation © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-59 GDP per Capita 1-60 Trade in Goods, % of GDP Copyright 2014 1-61 Measures of Productivity © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-66 Percent Change in Input and Output © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-68 Changes in Productivity © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e C3-69 Strategy and Operations How the mission of a company is accomplished Provides direction for achieving a mission Unites the organization Provides consistency in decisions Keeps organization moving in the right direction © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-70 Strategy Formulation 1. Defining a primary task What is the firm in the business of doing? 2. Assessing core competencies What does the firm do better than anyone else? 3. Determining order winners and order qualifiers What qualifies an item to be considered for purchase? What wins the order? 4. Positioning the firm How will the firm compete? 5. Deploying the strategy © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-71 Strategic Planning Mission and Vision Corporate Strategy Marketing Strategy Operations Strategy © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e Financial Strategy 1-72 Order Winners and Order Qualifiers Source: Adapted from Nigel Slack, Stuart Chambers, Robert Johnston, and Alan Betts, Operations and Process Management, Prentice Hall, 2006, p. 47 © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-73 Positioning the Firm Cost Speed Quality Flexibility © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-74 Positioning the Firm: Cost Waste elimination relentlessly pursuing the removal of all waste Examination of cost structure looking at the entire cost structure for reduction potential Lean production providing low costs through disciplined operations © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-75 Positioning the Firm: Speed Fast moves, Fast adaptations, Tight linkages Internet Customers expect immediate responses Service organizations always competed on speed (McDonald’s, LensCrafters, and Federal Express) Manufacturers time-based competition: build-to-order production and efficient supply chains Fashion industry two-week design-to-rack lead time of Spanish retailer, Zara © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-76 Positioning the Firm: Quality Minimizing defect rates or conforming to design specifications Ritz-Carlton - one customer at a time Service system designed to “move heaven and earth” to satisfy customer Employees empowered to satisfy a guest’s wish Teams set objectives and devise quality action plans Each hotel has a quality leader © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-77 Positioning the Firm: Flexibility Ability to adjust to changes in product mix, production volume, or design Mass customization mass production of customized parts National Bicycle Industrial Company offers 11,231,862 variations delivers within two weeks at costs only 10% above standard models © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-78 Policy Deployment Policy deployment translates corporate strategy into measurable objectives Hoshins action plans generated from the policy deployment process © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-79 Policy Deployment Derivation of an Action Plan Using Policy Deployment © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-80 Balanced Scorecard Balanced scorecard measuring more than financial performance finances customers processes learning and growing Key performance indicators set of measures to help managers evaluate performance in critical areas © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-81 Balanced Scorecard Radar Chart Dashboard © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-82 Operations Strategy Services Products Capacity Facilities © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e Human Resources Sourcing Process and Technology Quality Operating Systems 1-83 Organization of This Text: Part I – Operations Management 1. Intro. to Operations and Supply Chain Management 2. Quality Management 3. Statistical Quality Control 4. Product Design 5. Service Design 6. Processes and Technology 7. Capacity and Facilities Design 8. Human Resources 9. Project Management © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-84 Organization of This Text: Part II – Supply Chain Management 10. Supply Chain Strategy and Design 11. Global Supply Chain Procurement and Distribution 12. Forecasting 13. Inventory Management 14. Sales and Operations Planning 15. Resource Planning 16. Lean Systems 17. Scheduling © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-85 Learning Objectives of this Course Gain an appreciation of strategic importance of operations and supply chain management in a global business environment Understand how operations relates to other business functions Develop a working knowledge of concepts and methods related to designing and managing operations and creating value along the supply chains Develop a skill set for continuous improvement © 2014 John Wiley & Sons, Inc. - Russell and Taylor 8e 1-86