Create a mini-lesson covering a topic of your choice from chapter 2 of Operations Management. I can provide chapter 2, unless you already have access to the textbook, Operations Management by R. Dan Reid, Nada R. Sanders (2016 6th. ed) ISBN:978-1-11895261-0.
Create a mini-lesson covering a topic of your choice from chapter 2 of Operations Management. I can provide chapter 2, unless you already have access to the textbook, Operations Management by R. Dan Reid, Nada R. Sanders (2016 6th. ed) ISBN:978-1-11895261-0. The one source required is the textbook, however you can use additional sources if you would like. Max 350 words.
Answer
PRODUCTION AND OPERATIONS MANAGEMENT
By: Essayicons.com
Topic
The topic is “Environmental Scanning, “found on page 31 of the textbook in chapter 2.
Explanation
Environmental scanning reflects the external environment of the firm. Therefore, scanning the environment is essential to determine growth and forecasting issues that affect organizational achievement. It also equips the managers with the know-how of choosing the forthcoming path of the organization. To remain competitive, companies have to monitor their environment uninterruptedly and prepare to change their premise policy or extended plans in light of climate changes. (Reid, et al, 2016)
Environment scanning allows the company to recognize opportunities and threats. Through this way, the company can familiarize the business to overwhelm the threats and exploit the chances that come their way. Through environmental scanning, there are gaps needed by the customers and what competitors are doing to meet those needs. Environmental scanning has the following importance;
- They are revealing the strengths, weaknesses, threats, and opportunities of a company.
- It helps the business in making the finest choice for the success and growth of the company.
- It helps the firm to plan for long-term objectives, which is vital in the necessary business plan.
- Good resource usage –environmental planning enables a firm to facilitate the best analysis, leading to optimal resource utilization.
Example
In the Dell computer industry, customers demand high delivery speed, high quality, and low prices. Dell is the leading in the industry because of its good delivery speed and costs, which are inadequate. Other computer industries such as Compaq have reformed their business and operation policies to compete with Dell. The Compaq Company wanted to overtake Dell, so this was not accomplished. Environmental scanning enables companies to get market trends, examine competition, and recognize what that firm is gaining goods or services from external providers. Through noncore outsourcing activities, a firm focuses on the core capabilities. For example, Meijer grocery and general merchandise retailer made a subcontract of all carriage of all its products to a corporation known as Total logistic control (TLC) to focus on proficiencies.