Operations Strategy
Subject Overview
The first Operations Management group elective, covering the strategic role of operations and location/capacity strategy, product/service development strategy and inventory management, vertical integration/outsourcing and maintenance strategies, and global sourcing and supply chain strategy. A 4-credit elective theory paper.
Unit-wise Syllabus
4 units — click WhatsApp below to get the full notes for each
Unit 1: Introduction to operations strategy
Fit with overall firm strategy, competitive positioning and value chain, operations strategy decision areas, resources and core capabilities, relationship between grand strategy and operations strategy, location and capacity strategy, ERP concepts and implications
Unit 2: Development strategies and inventory
Product and service development strategy, inventory concepts, reasons for holding inventory, types of inventory, inventory reduction tactics, inventory turnover, ABC/VED/FSN selective inventory management
Unit 3: Sourcing and maintenance strategies
Vertical integration and outsourcing, process technology strategy, IT and operations, dimensions of operations for competitive advantage, maintenance program classification — corrective, preventive, predictive maintenance
Unit 4: Global sourcing and supply chain strategy
Global sourcing trends, outsourcing and offshoring strategy, global supply chain strategy, materials requirements planning, innovation management, environment and social sustainability strategy