The document outlines the strategy formulation process which includes defining business objectives, setting performance targets, gap analysis, strategy development, system design or redesign, operations improvements, implementation, and operational management. Key steps involve business analysis using tools like value stream mapping and benchmarking, developing strategy ideas using philosophies like lean and just-in-time, redesigning systems using methods like concurrent design if needed, and improving operations using techniques like continuous improvement.
The document outlines the strategy formulation process which includes defining business objectives, setting performance targets, gap analysis, strategy development, system design or redesign, operations improvements, implementation, and operational management. Key steps involve business analysis using tools like value stream mapping and benchmarking, developing strategy ideas using philosophies like lean and just-in-time, redesigning systems using methods like concurrent design if needed, and improving operations using techniques like continuous improvement.
The document outlines the strategy formulation process which includes defining business objectives, setting performance targets, gap analysis, strategy development, system design or redesign, operations improvements, implementation, and operational management. Key steps involve business analysis using tools like value stream mapping and benchmarking, developing strategy ideas using philosophies like lean and just-in-time, redesigning systems using methods like concurrent design if needed, and improving operations using techniques like continuous improvement.
The document outlines the strategy formulation process which includes defining business objectives, setting performance targets, gap analysis, strategy development, system design or redesign, operations improvements, implementation, and operational management. Key steps involve business analysis using tools like value stream mapping and benchmarking, developing strategy ideas using philosophies like lean and just-in-time, redesigning systems using methods like concurrent design if needed, and improving operations using techniques like continuous improvement.
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Strategy Formulation Process - Overview
Define Business Objectives Business Analysis Tools Value Stream Mapping, Benchmarking, Market Requirements Analysis
Strategy Ideas Philosophies Strategy Formulation Process Business Analysis
Set Performance Targets
Gap Analysis
Yes
Redesign?
No
Strategy Development
System Design Tools System Design Methodology Concurrent Design, Resource Planning & Control Supply Chain Management,
Tools & Concepts Project management, Financial justification, risk analysis etc.
Implement
Tools & Concepts Change management,
Operational Management
Tools & Concepts Performance monitoring
Strategy Formulation Process - Overview
Strategy Formulation: Hill, GregpryPhilosophies: Platts Lean, JIT,Strategy TPS Ideas Agile, QRM, Philosophies Adaptable Strategy Formulation Process Business Analysis
Define Business Objectives
Set Performance Targets
Mark et Requirements Benchmark ing Order Benchmarking Qualifiers clubs & Value Chain & Order databases, Mapping Winners Business Analysis Balanced Tools Process Scorecard Mapping, Value Stream Value Chain Mapping, analysis, Benchmarking, charting Market Requirements techniques Analysis (Process Charts, Pareto, I-O, string diagrams)
Gap Analysis
Yes
Redesign?
No
Strategy Development
Supply Chain Management Virtual Resource enterprises, Planning & supplier Control Concurrent development, ERP, MRP, Design VMI, supplier CRP, Kanban, System Product & Design associations & OPT, DMRP, Methodology Process partnerships, 2-Bin, methodology FMEA, customer System Design statistical stockstages, Foolproofing, development, Tools control, process collaborative collaborative System Design forecasting choice, unit design, CAPP, planning, Methodology systems, focus, plant CAD, CAM related Concurrent Design, levelled layout, cellular technologies Resource Planning & scheduling, systems (GT, (B2B, job sequencing coding & PFA, Control eAuctions, & scheduling, types of Supply Chain STEP, XML..) Management, ....... cell, .etc), ...... capacity calculations, spreadsheet what-ifs, discrete simulation, workplace design, ergonomics, .....
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