STRATEGIC MANAGEMENT

ASSIGNMENT#: 3

ID FULL NAME
SAAD ASLAM

SUBMITTED TO: MS MARIA RASHEED

DATE OF SUBMISSION: 30/11/2018

SESSION OF SUBMISSION: 2018-2019

FOR GRADING:
COMMENTS: MARKS SECURED:
 Operations Strategy

Job Shop:

A job shop is a type of manufacturing process in which small batches of a variety of custom
products are made. In the job shop process flow, most of the products produced require a unique
set-up and sequencing of process steps. Job shops are usually businesses that perform custom parts
manufacturing for other businesses.

Connected Line Batch Flow:

Batch production can be useful for small businesses that don’t have enough capital to run
continuous production lines. It also helps companies avoid large amounts of waste.

Mass Production System:

Mass production is the manufacture of large quantities of standardized products, frequently

using assembly line or automation technology. Mass production refers to the production of a large
number of similar products efficiently. Mass production is typically characterized by some type of
mechanization, such as an assembly line, to achieve high volume, detailed organization of
materials flow, careful control of quality standards and division of labor.

Continuous Improvement:

Continuous improvement business strategy is also known as a continual or continuous

improvement process. It’s an ongoing process to improve the products, services or processes of an
organization. The improvements sought can be incremental over time or achieved with a
breakthrough moment.

The delivery of those processes is in constant evaluation and change, so further improvements can
be developed and applied. The ruler to measure these changes is the efficiency, effectiveness and
flexibility of these processes.

Modular Manufacturing:

Modular design is the specification and consequent incorporation of standard parts and assemblies,
as much as is sensual, in the design of assemblies higher in the design/manufacturing bills of
materials.
Mass Customization:

Mass customization is the process of delivering wide-market goods and services that are modified
to satisfy a specific customer need. Mass customization is a marketing and manufacturing
technique that combines the flexibility and personalization of custom-made products with the
low unit costs associated with mass production. Mass customization products may also be referred
to as made to order or built to order.

Net present value

𝐶𝑓1 𝐶𝑓2 𝐶𝑓𝑛

Npv= −𝐶𝐹 + (1+𝑖)1 + (1+𝑖)2 + (1+𝑖)𝑛