Quality, variety, availability of manufactured products, Operation Management

Ques: What do you think happened to the quality, variety, availability or cost of agricultural or manufactured products - or the level of competition?

Ans: Quality increased; variety exploded; availability dramatically; and cost reduced to the point where the average person may own products once only owned by the very rich. At the same time competition as increased dramatically. Consider the range of products in front of you - shirts; shoes, food, MBA degrees - how many competitors are competing for your business in each of those markets? Compare the purchase of a motor car around the turn of the 20th and 21st century. Few but the very rich could afford such a product around the 1900's. It would be hand made, usually to order and there would be few suppliers. The quality of the product may have been good but there have been significant variability in the quality of one car to the next. This variability is an important aspect of operations and will be considered again later in the text.

Posted Date: 3/18/2013 5:05:13 AM | Location : United States







Related Discussions:- Quality, variety, availability of manufactured products, Assignment Help, Ask Question on Quality, variety, availability of manufactured products, Get Answer, Expert's Help, Quality, variety, availability of manufactured products Discussions

Write discussion on Quality, variety, availability of manufactured products
Your posts are moderated
Related Questions
Reasearch a company that uses supply chain management. Look how their organizational profitability is affected by the SCM. Incluce a descripiton of the company researched, expla

Identify and analyze a best practice human capital acquisition, development, and retention in the United Kingdom Please provide references in APA format

Describe Google's customer value proposition and profit formula linked to its business model. What strategies has Google relied upon to build competitive advantage in the industry?

What kind of industries does a localization strategy makes sense? Why? When does a global standardization strategy make most sense? Why?

Explain Production in terms of management. Production is any procedure or process developed to transform a set of input elements as men, capital, materials, energy and inform

Discuss why organizations need to have the correct performance metrics to drive quality. Think of examples in the news and their outcomes.

Spencer just learned that his salary is $10,000 more than a co-worker whose job performance is superior to his. Equity theory would predict that Spencer would do any of the followi

The product design group of Flores Electric Supplies, Inc., has determined that it needs to design a new series of switches. It must decide on one of three design strategies. The m

Our International Management text cites in Reading 1.2 that:"U.S Management theories contain a number of idiosyncrasies not necessarily shared by management elsewhere" and then pro

Game theory is important for the understanding of __________. A. competitive markets B. oligopolies C. all market structures D. monopolies