02 Online Activity 1, Assignments of Production and Operations Management

Download 02 Online Activity 1 and more Assignments Production and Operations Management in PDF only on Docsity! Mejillano, Crissa Mae D. BSTM501 Operations Management (TQM) October 17, 2022 1. Explain how factors of marketing and operations affect the competitiveness of an organization. Marketing and operations are two of a company's most vital departments. Marketing is in charge of generating demand for the organization's products and services, while operations are in charge of supplying them. The competitiveness of an organization is determined by how well these two departments collaborate. To be effective, marketing and operations must be in sync. There are a lot of factors that marketing and operations that affect the competitiveness of an organization. Marketing and operations factors can affect the organization's competitiveness since they include techniques, which pertain to such a plan which defines how and why a company will meet its objective. Marketing affects competitiveness in a variety of ways, including identifying consumer wants and/or needs, pricing and quality, and advertising and promotion. While on the other hand, product and service design, cost of an organization's output, location, quality, quick response, flexibility, inventory and supply chain management, service, and managers and workers are all factors of operation that affect the competitiveness of an organization. Most of these are associated. These effective strategies can lead to competitive organizations; emphasizing each factor will assist the organization in identifying what must be accomplished to keep improving. 2. Pick a factor that determines global competitiveness and explain how it affects the competitiveness of an organization. I chose the exchange rate as a factor that determines global competitiveness, and it has an impact on an organization's competitiveness because the depreciation of its local currency raises the cost of importing goods, potentially leading to a decrease in the volume of imports. Domestic companies should benefit from increased sales, income, and employment. Exchange rates are the prices of foreign currency that can be purchased with one currency. Companies that import and export goods must keep an eye on these exchange rates because the value of products is highly susceptible, changing and shifting with constant fluctuations. Organizations which trade domestically must be aware of changes in exchange rates because they will have an indirect impact on the economy as a whole. 3. Discuss how management practices in Asian countries improve over the years. Quality management practices in Asian countries have evolved over the years since the goal of quality management is to enhance product or service quality, which is defined as the ability to meet customer needs while being free of deficiencies. During the 1980s, companies in Asia began to form Quality Control Circles (QCC) in order to improve employee interaction and to encourage people to participate in order to gain some input for continually improving processes and products. As the year 1990 began, organizations were capable to adjust and implement the Total Quality Management principle and strategies for promoting products and services. Asian countries opted to implement global standards as a method to guarantee the efficiency of environmental management in the 2000s. Asian countries were recognized for the establishment of QCC. Companies in Asia are considering global best practices to improve their effectiveness, products, and quality. Rather than establishing environmental performance requirements, which helped Asian countries improve over time, it establishes a framework that a company can follow.