Platts and gregory approach - operation management, Operation Management

Assignment Help:

Platts and Gregory Approach - Operation Management

The Platts and Gregory approach has three steps and is based on the approach of comparing what the market wants with how the operations function performs. The three stages are as follows:

Step 1 The market position is assessed in terms of opportunities and threats faced by the organisation in its competitive market(s). It involves identifying the factors which are required by the market and compared to the level of achieved operations performance. The procedure compares 'profiles' of market requirements and actual operational performance. This is illustrated in this figure.

Step 2 The capabilities and practices of the operation are assessed in order to establish how they contribute to factors required by the market determined in step 1.

Step 3 Concerns the consideration of alternatives and development of new operations strategies in order to close the gaps identified in steps 1 and 2.

1178_Platts and Gregory Approach – Operation Management.png


Related Discussions:- Platts and gregory approach - operation management

Describe do you see any points of conflict, Write about your understanding ...

Write about your understanding of the assumptions of new science and their implications for leaders in the 21st Century. 1. How are they supported by The Thinking Habits of Mind

When the lrac curve slopes downward over the relevant range, In which of th...

In which of the following situations would consideration of the minimum efficient scale of operation suggest that the market should be served by a large number of small firms to mi

Strategy and standards approaches to reviewing software, Strategy and Stand...

Strategy and Standards Please respond to the following: •Discuss the factors that should be considered when developing a consistent IM / IT strategy. Explain your rationale. •Analy

Explain introduce to a newly rebuilt world trade center, What types of chan...

What types of changes would you introduce to a newly rebuilt World Trade Center?

Concept of trade off in business strategy, Concept of Trade off in Business...

Concept of Trade off in Business Strategy The trade-off concept was first introduced by Skinner (1969,1974) who carried out a large study of successful American manufacturing

Define current inventory control system for football helmets, Tune Football...

Tune Football Helmets Company is considering changing its current inventory control system for football helmets. The information regarding the helmets is given below. Demand = 2

Explain what kind of warning signals would you like, 1. What kind of warnin...

1. What kind of warning signals would you like fed back from PAC to MRP? 2. Lead times are sometimes called rubbery. What accounts for this concept of elasticity in lead times?

Explain forecast for october percent of capacity, A dry cleaner uses expone...

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 50 percent of capacity; actual usage was 52 percent of cap

Explain behavior and performance with the objectives, The effectiveness of ...

The effectiveness of any compensation system to attract, retain and align employee behavior and performance with the objectives of the enterprise is dependent upon management credi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd