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

Explain the simple rate of return on the machine, The Jackson Company has i...

The Jackson Company has invested in a machine that cost $70000, that has a useful life of seven years, and that has no salvage value at the end of its useful life. The machine is b

Describe the key factors that impact location decisions, Discuss the key fa...

Discuss the key factors that impact location decisions. As an example, if locating a facility in India, what location decisions would a fast-food chain have to consider as compared

Use of confidence interval calculator and the area gas, To complete this sc...

To complete this scenario, use the Confidence Interval Calculator and the Area Gas Prices %u2013 Random Sample documents, provided in the Resources. The Minneapolis Star Tribune

Explain original linear programming problem, Create your own original Linea...

Create your own original Linear Programming problem with a minimum of two variables and two constraints. Your problem should be presented in paragraph form and reflected in a LP eq

Project, I want to start my simulation modeling project but I dont how to s...

I want to start my simulation modeling project but I dont how to start. I already have the company to do about it is Tissue Manufacturing will you please assist

Medical professional as of all the knowledge i gain, Your friend shows you ...

Your friend shows you some books he took from the bookstore without paying for them. When you question him about it, he says, "Sure I took them. But I'm no different than anybody e

Develop an operations strategy for an organisation, How do you develop an o...

How do you develop an operations strategy for an organisation? Answer: There are many different procedures recommended by academics and individual consultancy companies. The mor

Explain about the level capacity strategy, Explain about the level capacity...

Explain about the level capacity strategy. Level capacity strategy: The organisation produces or manufactures at a constant rate of output avoiding any changes or fluctua

Supply Chain Management, #questionLucille Jenkins, the CEO for the Durham I...

#questionLucille Jenkins, the CEO for the Durham International Manufacturing Company (DIMCO), believes that the company can significantly increase its operating profit by implement

Johnson''s rule, Please help with sequencing the following jobs; T,U,V,W,X,...

Please help with sequencing the following jobs; T,U,V,W,X,Y,Z (WORK CENTER 1 - 15,7,4,7,10,4,7) (WORK CENTER 2 - 3,9,10,6,9,5,8) RESPECTIVELY TO THE JOBS. THE REST I WILL CALCULATE

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