Firm Never Outsource Its Core Essay

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In addition to these technological factors there is also the fluidity of people moving across borders and throughout regions of the world as well. This all adds up to an exceptional pace of change globally for Operations Management as a discipline.

3) Research the Theory of Constraints by Eli Goldratt. How does this theory apply to the company, such as Kroger or Circuit City?

The Theory of Constraints most applies to Kroger and Circuit City from the standpoint of streamlining and making more efficient their supply chain, sourcing, procurement and logistics strategies, making it possible to keep products that sell well on their store shelves. The Theory of Constraints also is invaluable in terms of helping the management teams in those retail chains determine the optimal mix of inventory for any given month or season as well, as the Goldratt model seeks to define optimization through constraint modeling.

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4) Research standardization, flexibility and innovation in product/process design. How does this information apply to 3M, an innovative company with a variety of products? You will need to provide proof of 3Ms innovation, flexibility, and/or standardization.

3M is highly unique from the standpoint of how they use standardization and flexibility to drive down production costs while using innovation to find unique needs and meet them. An example of this is the invention of the scotch tap, which 3M pioneered in the 1950s, and the eventual product line extensions they were able to create based on a single, relatively undifferentiated products. 3M will use standardization to drive up production efficiency and attain economies of.....

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