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Operations ManagementStrategies for Achieving Operational What is strategy?

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Operations ManagementStrategies for Achieving Operational ExcellenceSupply Production Distribution Risk Mgmt§  Develop supplierrelations§  Lower cost ofownership§  Just-in-Time delivery§  High-quality supply§  New ideas fromsuppliers§  Supplier partnerships§  Outsource maturenonstrategic services§  Improve inventorymanagement§  Lower cost ofproduction§  Continous process &quality improvements§  Process cycle time§  Fixed asset utilization§  Improve hardwareperformance§  Working capitalefficiency§  Reduction of assetdowntime§  Create flexibleinfrastructure§  Simplify wherepossible§  Lower cost to serve§  Responsive deliverytime§  On spec; on Time§  Enhance quality§  Improve inventorymanagement§  Financial risk / highcredit rating§  Operating risk§  Technology risk§  Elimination ofenvironmental, safety,& health-threatheningincidentsImprove  Cash  Flow  Version 3.2 March 201165 © Marc Sniukas

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