Production and Operations Management explains how P/OM is fulfilling its strategic mission and responsibility for processes. It is essential for P/OM students to become conversant in new product planning. They must also be able to pursue P/OM goals in partnership with marketing, finance and other business functions. With P/OM participation, strategic thinking links new products to the best possible process configurations for goods and services. Using the systems approach, P/OM is shown as crucial to strategic global planning. Strategies and tactics are evaluated together for their combined contribution to productivity, low costs, high quality, timeliness, and total capability for the efficient and effective control of supply chain activities. Enlarging the importance of cultural perspectives and global literacy, the book anticipates tomorrow. Production and Operations Management, 2e is divided into four parts with its main themes as follows: 1. The systems approach is essential. 2. New product development ties in with optimal process planning. 3. Strategies and tactics cannot be separated. The field must be taught in that way. 4. Rapid and continuous project management fosters competitive advantage in an environment of accelerated change. ***How does this book differ from older or current texts?*** A forward-looking teacher and leader in the field of Production and Operations Management (P/OM), Martin K. Starr's book and on-line text reflect a sea of change that is currently taking place in the global workplace. The new role of P/OM is to partner with company executives to influence the integration of decisions of all functional areas in an organization. The only way that students will be able to meet this challenge is to learn and embody the systems approach shown throughout the book.
This text has been developed through extensive research to reflect both the new practices and traditional concepts that instructors feel are important for students to know. Starr uses real-world themes such as quality, technology, people and teamwork, globalization, service and manufacturing, environmental awareness and initiatives, and problem solving. Four real-world cases are included spotlighting Tom's of Maine, Rosenbluth International, Global Concepts Inc. at Celestica's Facility in Little Rock, and the Saturn Corporation on quality, service, smart technology, and the environment, respectively. This text follows a systems approach that is both systematic and constructive. Starr integrates OM decisions with the functional areas of business whose challenge is to make the firm perform as a team. It combines the methods of analysis and synthesis, which lead to better decisions and problem-solving skills for complex situations.
Since the beginning of mankind on Earth, if the "busyness" process was successful, then some form of benefit sustained it. The fundamentals are obvious: get the right inputs (materials, labor, money, and ideas); transform them into highly demanded, quality outputs; and make it available in time to the end consumer. Illustrating how operations relate to the rest of the organization, Production and Operations Management Systems provides an understanding of the production and operations management (P/OM) functions as well as the processes of goods and service producers. The modular character of the text permits many different journeys through the materials. If you like to start with supply chain management (Chapter 9) and then move on to inventory management (Chapter 5) and then quality management (Chapter 8), you can do so in that order. However, if your focus is product line stability and quick response time to competition, you may prefer to begin with project management (Chapter 7) to reflect the continuous project mode required for fast redesign rapid response. Slides, lectures, Excel worksheets, and solutions to short and extended problem sets are available on the Downloads / Updates tabs. The project management component of P/OM is no longer an auxiliary aspect of the field. The entire system has to be viewed and understood. The book helps students develop a sense of managerial competence in making decisions in the design, planning, operation, and control of manufacturing, production, and operations systems through examples and case studies. The text uses analytical techniques when necessary to develop critical thinking and to sharpen decision-making skills. It makes production and operations management (P/OM) interesting, even exciting, to those who are embarking on a career that involves business of any kind.
How to choose the investment that will give the best return is a problem faced by all businessmen. Yet for the small businessman in particular, the literature on capital budgeting intended to help him in his investment decisions seems not to apply to his actual situation. Here in this study, theory and practice are brought together within the context of small business. Author Martin B. Solomon Jr. compares two theoretically sound formulas -- present value and the discounted rate of return -- with simpler methods of calculating the returns on investments. The superiority of the refined methods, he points out, is practically nullified under the usual conditions of uncertainty. The primary need of the small businessman, Solomon concludes, is not for better methods of ranking alternatives but for the reservation of a portion of his time for seeking a variety of investment opportunities through the greater exercise of imagination and creativity.
A trivia party game that tests the player's knowledge of the songs, albums, lyrics, and lifestyles of hundreds of '90s music acts. The 1000+ questions cover grunge, hip hop, boy bands, alternative country, techno, and Top 40 music using multiple choice, true/false, song lyric excerpts, complete the title, and other question formats. A sequel/companion to "Don't Dream It's Over: The '80s Music Party Game", the book is written and designed in the same bright, fun style. With ten, new '90s themed ways to play and questions ranked according to difficulty, anybody can join in the fun.
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