Manufacturing strategy is a functional strategy. The concept of manufacturing strategy is often traced to Skinner’s 1969 Harvard Business Review article, “Manufacturing – Missing Link in Corporate Strategy”. Skinner suggested a top-down approach to manufacturing. Manufacturing objectives should be derived from business objectives, and then manufacturing policies developed to address these objectives. Supply chain management (SCM) is the combination of art and science that goes into improving the way your company finds the raw components it needs to make a product or service and deliver it to customers. Possible topics for your operations dissertation are:
Shares of construction and support services firm Carillion (LSE: CLLN) slumped 70% to 56p last week after it issued a dire trading update on Monday.
The big question now is whether the market has overreacted to the bad news, making the shares a great buy for a recovery, or whether this falling knife has further to fall.
In these situations, before attempting to answer the big question, we need to consider a number of others. What is the nature of the problem that’s caused the sell-off? Is it an acute difficulty that can be swiftly resolved or a chronic disorder…