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.
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.
- 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.