A strategic cost analysis tool for manufacturing competitiveness within NAFTA

Nystrom, Halvard E.; Padillo, J.M.; Nuño, José Pablo; Andere, J.S.

doi:10.1016/0360-8352(95)00108-d

Cited by 1 publication

(1 citation statement)

References 1 publication

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The cognitive ability to status quo of enterprise, predictive ability to future of executives 7 , and influence degree under the decision-making environment all determine the enterprise decision-making ability, and then determine the competitiveness of enterprise. Besides, the multi-objective decision should not only consider the economic benefits of decision object [8][9][10] . Therefore, this paper considers quick and adaptive strategic response as core ability to the operational performance development.…”

Section: Introductionmentioning

confidence: 99%

Operations strategy optimization based on developed sense and respond methodology

Liu

Takala

2012

RISUS

View full text Add to dashboard Cite

How to make adaptive adjustments on operations strategy in dynamic business environments becomes the very important competitiveness to all kinds of companies. This paper aims to develop sense and respond (S&R) models in agile and dynamic strategic adjustment by introducing scaled critical factor index (SCFI) compared with previous S&R models such as critical factor index (CFI) and balanced critical factor index (BCFI). In addition, the case study in this paper shows the difference among the three S&R models and the advantages of SCFI model. The analysis results show that the SCFI models have contribution to the adaptive operations strategy adjustment based on clear objectives in dynamic and turbulent business environment. Managers can make quick decisions by the analytical models.Key words: Operational competitiveness; operations strategy; sense and respond (S&R); scaled critical factor index (SCFI); manufacturing industry IntroductionThe fierce business competition stimulates enterprises to adjust their strategies for deep and quick development. The new competitive environment causes manufacturing firms make quick response to customer demands, to high quality products, and to flexible industrial system (Skinner, 1986) 1 . However, how to improve the competitiveness of the enterprises becomes the focus of attention.Competitiveness of enterprises depends on the basic operation factors and the optimization ability to those factors. The traditional factors of operations strategy research are cost, quality delivery and flexibility (Gerwin, 1993) 2 . Recently, research is deeply developed and the research articles are more about technology strategy with knowledge learning (Ahmad and Schroeder, 2011) 3 , responsive supply chain (Gunasekaran et al., 2008) 4 and green-type manufacturing (Zeng and Zhang, 2011) 5 etc. Therefore, the operations strategy study in this

show abstract

Section: Introductionmentioning

confidence: 99%