Thursday, August 21, 2008

Operations Management: The New Strategic Focal Point

OPERATIONS: 17th September 2008
In response to an increasingly global and competitive environment, the flexibility to adapt to changing market needs and develop innovative cross-functional processes is quintessential to success. With area of Marketing, Finance, IT has already been explored to the fullest, the focus has again been shifted to the different fields of Operations like Supply Chain, Quality, Manufacturing etc. The focus is again shifted on understanding the key cost and performance drivers, by which time to delivery, the simplicity of doing business, flexibility of production, product quality, product cost, and customer service are all examined in a holistic fashion, when looking at the value chain.


TOPICS COVERED:

Making Operations Lean and Mean

We have arrived at the nexus of a powerful trend in business process improvement and product manufacturing operations management. Lean and Mean operations, which offer streamlined flow of value to the customer with minimal inventory and waste. This can result in highly competitive pricing positions and healthy profit margins. The trend is ostensibly valid response to competitive price pressure, offering significant advantages with respect to cost.
The session will aim at experts throwing lights on some of the frequently asked questions:

How do executives remain true to the tenants of lean while stretching their company value stream across the globe?
How do companies build close relationships with suppliers if each party speaks, and acts, differently?


Challenges in creating effective Supply Chain

Outsourcing. Lean manufacturing. Just-in-time inventory. While some of these best business strategies in the world can help minimizing the costs and free companies to focus on core competencies, these strategies may also stretch supply chain to its breaking point. Without realizing it, company's best intention to become a fierce competitor can leave the company vulnerable.

Significant supply chain disruption can reduce company's revenue, cut into market share, inflate costs and threatens production and distribution. This session will see industry leaders addressing the following changes in creating a effective supply chain

How to develop a strong supplier base?
How to improve efficiency and quality of the manufacturing process?
How to reduce logistics and transportation costs?
How to develop efficient distribution channels?
How to promote information exchange along the supply chain?


Using Quality Management as a tool to survive and grow

Quality management is a method for ensuring that all the activities necessary to design, develop and implement a product or service are effective and efficient with respect to the system and its performance. Quality management is focused not only on product quality, but also the means to achieve it. Quality management therefore uses quality assurance and control of processes as well as products to achieve more consistent quality. Quality Management is all activities of the overall management function that determine the quality policy, objectives and responsibilities and implement them by means such as quality control and quality improvements within a quality system so that the business survive and grow at a consistent pace.

This session will see the speakers addressing the three broad areas of Quality Management:

Quality control
Quality assurance
Quality improvement

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