Impact of product life cycle on operation strategy, Operation Management

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Question 1:

Describe the impact of product or service life cycle on operation strategy

- Impact of each Stage (Introduction, development, growth, maturity, decline)
- Describe the sources of competitive advantage
A Diagram of Sources of Competitive Advantage
Major competitive dimensions

Question 2:

What are the different kinds of benchmarking?

• External benchmarking
• Internal benchmarking
• Non-competitive benchmarking
• Performance benchmarking:
• Competitive benchmarking
• Practice benchmarking

Question 3:

Describe the several automated systems for transfer of materials in the production plant?

Machine attachments,
Numerically Controlled (NC) machines,
Computer Numerically Controlled (CNC)machines, Robots, Automated Guide Vehicles (AGV's)

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