New Required Suggest Reference

New Required Suggest ReferenceTEAM RESEARCH AREA RESOURCE FOUND & CHOSEN REVIEW AND REASON FOR CHOICE

the leader

· Role of production in strategy · Total Quality Management (Journal of Business Ethics. Sep96, Vol. 15 Issue 9, p963-972. 10p)

Raiborn, Cecily

Payne, Dinah

Business Horizons. Jan/Feb95, Vol. 38 Issue 1, p67. 4p. Schonberger, Richard J.

The overall picture of TQM is technique design to improve performance. TQM mostly convince to encourage the high moral behavior. There has three main element for TQM. There is empowerment, involvement and abilities. All of this element lead the employee to push their self to achieve the goal by their objective. therefore, we will use TQM to conduct to quality of an organization by spread the main three factor into deeply function such as training, put the right man in the right job, give new skill, provide the organization plan, emphasize on the need of people to help each other in a cooperative team for effort the goal.

· Just-In-Time and Lean Operation Implementing just-in-time philosophy to reverse logistics systems.Chan, Hing Kai, Yin, Shizhao, and Chan, Felix T. S. (2010) http://web.b.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=a438e909-a888-47c9-985e-8aef946585b9%40sessionmgr115&vid=65&hid=119· Product Screening · Operational competitive priorities Analysis and synthesis: Chapter 8: Operations strategy as a source of sustainable competitive advantage, Strategic Operations Management. 2002, p155-181, Lowson, Robert H http://web.b.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=ffe09e15-cb4d-42d0-9d9c-351e2a745a1d%40sessionmgr115&vid=2&hid=117 (COMPETITIVE DIMENSIONS)

· Capacity Planning A review on strategic capacity planning for the semiconductor manufacturing industry, International Journal of Production Research. Jul2009, Vol. 47 Issue 13, p3639-3655, Geng, Na

Jiang, ZhibinIt is significant that company need to make a decision on capacity in order to meet a demand. This journal detail about strategic capacity planning and decision making on investment in capacity. The leader can use this strategy in our production.

· Demand Management Strategy Managing demand uncertainty through fuzzy inference in supply chain planning, International Journal of Production Research. Oct2012, Vol. 50 Issue 19, p5415-5429

Jung, HosangJeong, Suk-Jae

Demand Chain Management: Factors Enhancing Market Responsiveness Capabilities, Journal of Marketing Channels. Apr-Jun2012, Vol. 19 Issue 2, p101-119, Agrawal, Durgesh Kumar http://web.b.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=9ccb2585-9773-4e7e-a322-3f8c49084a80%40sessionmgr114&vid=2&hid=117

This journal provide the information about demand chain management (DCM) by focusing on supply chain management and marketing in order to effectively meet differing customer needs.

· Learning curves Using Learning Curves for Revenue Recognition, CPA Journal. Apr2013, Vol. 83 Issue 4, p60-64, McKee, Thomas E.

McKee, Linda J. B

Extracting Value from Learning Curves: Integrating Theory and Practice, Creativity & Innovation Management. Mar2013, Vol. 22 Issue 1, p10-25, Linton, Jonathan D.

Walsh, Steven T. This journal detail about learning curve can increase productivity and can use it as forecasting curve to forecast resource consumption.

http://web.b.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=339d6323-9804-4e1b-a5c1-5bf982c053fa%40sessionmgr114&vid=2&hid=117

· Inventory Management Dynamic planned safety stocks in supply networks, International Journal of Production Research. Nov2010, Vol. 48 Issue 22, p6859-6880, Kanet, J. J.

Gorman, M. F.

Stosslein, M

Inventory Management, Logistics Management. Jan2014, Vol. 53 Issue 1, p42-45, SAENZ, NORM

DEREWECKI, DON This source provided key considerations and practical recommendations related to inventory management. To have a good inventory management can avoid to excess space that relating to cost control and lower labor cost.

Effective inventory management can help company to reduce the cost. This journal explain about good inventory control to avoid excessive space related costs, higher labor costs, and loss of business.

Research and Development Management Microeconomics (Demand and supply)

COMPETITOR ANALYSIS: THE DEMAND AND SUPPLY APPROACH.Hassan, Hamimah, 2008

http://web.b.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=a438e909-a888-47c9-985e-8aef946585b9%40sessionmgr115&vid=114&hid=119

TEAM RESEARCH AREA RESOURCE FOUND & CHOSEN REVIEW AND REASON FOR CHOICE

Ping & Co.

· Role of production in strategy Operations Strategy

by Ted James (2011) Chapter 1 covers the role of operation, what operation management is and its strategies. chapter 3, operations strategy in organisations as the implementation of an improvement approach such as lean operations. Chapters 4 to 8 cover various improvement approaches including JIT, lean system and TQM (Total Quality Management)

The book covers most of the task outline.

· Total Quality Management Total quality management : NVR Naidu · Just-In-Time and Lean Operation Lean materials planning and execution a guide to internal and external supply management excellence by Donald H. Sheldon this book apply lean to the planning process and how it affects materials planning in supply management. we choose it because you can know how to make decision effectively and using minimum resources in the simulation.

· Product Screening Innovation management and new product development by Paul Trottin chapter 11, introduces the new products strategy and how to compete with other products by screening the most suitable product. And you will know how to make decision effectively when you need to think about your products in every round during the simulation.

· Operational competitive priorities marketing strategy and competitive positioning by Graham J.Hooleythis book focuses on the identification of target markets and the creation of a differential advantage. it helps to build the competitive positioning.

· Capacity Planning operations management :Kumar. S & Anil sureshThis book addresses key topics such as mrp and crp , material requirement planning and capacity required planning.

MRP abbreviation for material required planning precisely identifies the key objectives of how , where and how many units are required . this helps in planning production and storage . this also helps effectively reduce inventory costs and schedule the operation process effectively.

CRP helps determine the personnel and the equipment requirements to deliver the required units.

both CRP and MRp are key drivers to operation planning.

· Demand Management Strategy Demand Management Best practices: Process , Principles and collaboration

Crum collen et al

On demand operating environment: creating business flexibility by IBM Redbooks this book is completely dedicated to demand management. this book gives the overview of the demand management the definition , the process and the best practices .

a chapter dedicated strategic planning to manage uncertainty , performance measurements and managing demand.

this helps the team decide the decisions based on demand. Prioritising and managing the demand and working or making the decision based on it.

this book introduces the on demand operating environment what enable integration between people, processes, and data start deploying. analysis this book can know how to manage the demand.

· Learning curves · Inventory Management Operations Strategy

by Ted James (2011) Chapter 11 of the book covers the area of infrastructural decisions which should be made in the context of the operations strategy. These cover how structural elements should be managed such as Inventory management, capacity management and supply chain management.

Research and Development Management management development perspectives from research and development by Rosemary Hill this is a book which is helpful when you need to know how to do research about the business and make development plan

Microeconomics (Demand and supply) Microeconomics: Optimization,Experiments and behavior by Burkett this book explains what the microeconomics is and how it be applicated when do business.

TEAM RESEARCH AREA RESOURCE FOUND & CHOSEN REVIEW AND REASON FOR CHOICE

sanz consultancy · Role of production in strategy # Foreign market entry: production related strategies. Tang M & Yu JMC. 1990. Journal of Management Science.

#SKU classification: a literature review and conceptual framework. 2009. Kampen, T. Akkerman R. Van Donk D P.

This article discusses production planning methods companies adopt in foreign markets such as joint ventures, greenfields, etc. The authors highlight areas of production planning, pricing, and strategies in any form of foreign investment. This article is key to the business simulation as it helps us do succinct product plans, and investments for the different regions our product is available at. It also helps us guide in decision making, how to minimise production costs, and how to prioritise the efficiency of production when making decision. It also helps in deciding to invest in plants in other regions as well.

Discusses how companies distribute and produce their products. It identifies how companies can use production strategies to maximise demand. It classiﬁes product groups based on either demand value or

demand volume.

This journal will be helpful for heads in their respective divisions to make decisions solely based on demand. As a learning outcome for this simulation, this article would also be helpful in each round of decision making and through analysis.”

Within production and operations management, inventory management and forecasting are ﬁelds where a variety of SKU classiﬁcations is traditionally used to support decision-making’

· Total Quality Management *The intervening effect of business innovation capability on

the relationship between Total Quality Management and

technological innovation.

Ortiz, J. P.,

, Benito, J. G. and Galende, J. (2009)

-Performance Management. Whittle, N. (2014)

# Taking an innovative approach to quality practices: exploring the importance of a company’s innovativeness on the success of TQM practices. 2013. Frank W. Brian F, Edwin T.C, Roberto C. International Journal of Production Research *Total Quality Management (TQM) and innovation management are key subdivisions under operations management division and these areas are essentials to increase company’s competitive advantage. Moreover, from most scholars, TQM is considered to have a positively effect on business performance. There are two types of TQM, Total Quality Control (TQC) and Total Quality Learning (TQL), which are also known as hard focus on efficiency and soft concentration on learning respectively. Consequently, it suggests that companies adopting the hard TQM practices support better innovation performance.

-Total Quality Management programs aim to offer products at the highest quality. Two basic principles are that cost of prevention are lower than cost of reduction and continuous improvement.

Improvements can be achieved via two approaches, i.e. target costing and kaizen costing. In target costing you set a price according to customer perception whereas kaizen costing is adapted when a product has already reached acceptance. In the second case efforts are done to reduce variable costs. Moreover by keeping the initial pricing the profits can be increased. Sanz needs to consider customer needs. according to that a price can be set and in the later stages cost reduction measures performed.

· Just-In-Time and Lean Operation -To Study the Impact of Just-In-Time System. Yap, J. and Shahryar, S. (2013). -In the Just-in-Time (JIT) approach goods are only produced when there is an customer demand. Inventories can be lowered in this case. Furthermore it can help to increase the firms performance. As one of the goals of JIT is to reduce the need for raw materials and work-in-process, there is a thrive to produce in the right quantity and quality. Financial performance can also be enhanced through JIT. For that reason it is important to take JIT as an option in the decision making of Sanz. Costs can be reduced by holding less inventory and by shifting responsibilities to the suppliers. Lower costs can be adapted into pricing and would create higher revenues. The net income and the return on assets will rise as a result of the mentioned aspects.

· Product Screening *Technology-based service proposal screening and decision-making effectiveness. Van-Riel et al. (2011).

*Rapid technological development and unstable consumption trends are the two biggest factors that cause product lifecycle in the technology industry to become shorter. Having said that, without innovation, companies are not able to survive in a long-term. Innovation for tech-based products and services involve high investments and failure rates. Therefore, Sanz have to make the innovation process more manageable and less risky by dividing the innovation process gradually into many stages.

· Operational competitive priorities #Operational · Capacity Planning *Capacity planning and performance contracting for service facilities. Jiang, Y. and Seidmann, A. (2014).

-Essentials of Operations Management. Slack, N. et al. (2011). Essex: Pearson Education Ltd

*It is very challenging for operation managers to make decisions on capacity investment and managerial incentives for the fact that it is time-based competition and the market demand is unpredictable. Investing in capacity is normally based on capital investments and involves considerable up-front fixed costs and its high utilisation can create high profit. If, Sanz over-estimates the demand, allowing capacity to be larger, the company will be over-investing as if it is the vice versa, the company will be under-investing, originating long lines and lost profit opportunities.

-The management of capacity is important to set an effective capacity which responds

to the given demand. In this connection the fluctuation of demand determine the decisions about the capacity. In the capacity planning Sanz needs to pay attention to following objectives:

– quality of product

– speed of adjustment to customer demand

-dependability of supply

-flexibility through surplus capacity

-costs

-revenues

-working capital.

· Demand Management Strategy -Demand Planning Needs Customer Profitability. Lapide, L. (2014). – Demand-shaping, which is the most important part of demand planning, cannot be done without having supply chain and corporate profitability in mind. The demand-supply planning process can be done in Sales and Operations Planning meetings and profitability traced back through Enterprise Resource Planning.

The true customer profitability model gives a comprehensive idea of the customer costs-to-serve. These include supply chain landed costs such as transport, product and ABC costs but also program and service costs as well as financial operation costs. Apart from the costs-to serve true customer profitability is defined by customer net revenues. This interrelation of various costs and the revenue will help to make decisions regarding the demand but also to reduce costs and maximise profits.

· Learning curves *Extracting Value from Learning Curves: Integrating Theory and Practice. Linton, J. D. and Walsh, S. T. (2013)

-Experience, Learning, and Returns to Scale. Arce, D. G. (2014).

*By understanding the behaviours of the learning curve, managers can have a better use and at the same time acquire a product underlying value. For instance, it is essential to consider in which stages learning occurs as it will help avoiding hasty and wrong decisions such as if technologies should be abandon when they are very beneficial from learning and/or to abandon mature technologies with small chances for further improvement.

– The learning curve demonstrates the relationship between cumulative volume and decreasing average costs. Analysing the experiences, costs can be reduced and return to scale increased. For example if Sanz would consider to reduce pricing to capture learning effects sales/production can be increased leading to reach or exceed the capacity. As can be seen Learning curve effects are interrelated to number of topics of production and needs contemplation.

· Inventory Management *Production & Operation Management. Bisen, V. and Srivastava, S. (2009).

#The effect of inventory management on firm performance. Koumanakos. D.P. 2008. International journal of inventory management on company performance.

*Effects of operational and structural conditions on inventory management in large manufacturing enterprises. Başaran, B. (2013) *In the chapter 6 of this book, it can be found the three main reasons to keep inventory. 1- Time: as in supply chain, it is important to maintain a certain quantity of inventory in a “lead time” from suppliers and to consumers at every stage. chain, 2- Uncertainty: as “inventories are sustained as buffers to meet uncertainties in demand, supply and movements of goods.”

and 3- Economies of Scale: it is a costly process in terms of logistic as situation of “one unit at the time at a place where user needs it, when he needs it”. Therefore, Sanz may use the LIFO accounting methods also know as “first in, last out” which is suggested in the book to record the value of inventory. One of the particularities of this method is that allows the production division to record the sale of the most expensive inventory first as prices increase over time because of inflation. In addition, this approach can be used to balance current costs and current revenue.

*Normally, Large Manufacturing Enterprises(LMEs) are able to hold more input supplies (equipment and raw material) and output (components and finished products) compared to medium sized manufacturers. Having said that, inventory management needs to have effective applications as it allows costs to be reduced. For instance, Sanz needs to avoid holding extensive inventories as it will affect net cash flow, reduce revenue and profitability, and increase costs.

Research and Development Management -Knowing When to Leap: Transitioning between Exploitative and Explorative R&D. Mudambi, R and Swift, T. (2013).

*Top management attention to innovation: The role of search selection and intensity in new product introductions. Li et al. (2013).

-In general it is assumed that R&D is beneficial for the companies performance. R&D can be of explorative or exploitative nature. Explorative R&D are associated with the high investments at the early stage of product development. In contrast exploitative R&D is based on existing knowledge. After weighing a number of factors Sanz needs to choose the right strategy according to the existing situation.

*New products and services are essential for companies to achieve higher performance as well as survive in a very competitive market. Such new products in the market is the outcome of search and identification of new knowledge and information, which is responsibility of Top Manager Teams (TMTs). For instance, if Sanz performs a more effective search and obtain new knowledge and information, the production manager will be able to make better strategic decisions in terms of innovation.

Microeconomics (Demand and supply) *Demand, supply, and their interaction on markets, as seen from the perspective of evolutionary economic theory. Nelson, R. R. (2012).

-Principles of Economics. Mankiw, N. (2012). 6th edn. *Companies must conduct a marketing analysis in which explains prevailing prices and quantities purchased and sold within the targeted market. Evolutionary economics believe the existence of long dynamics of the supply side in relation to development of technologies as pace and pattern of technological advances impact tremendously in the economy and industries. Therefore, there is a great value from consumers in terms of the changing and expanding range of goods and services available to be bought.

– The supply and demand model shows the relationship between the two factors and how it determines the price. For example an increase of demand would rise the equilibrium price for the an unchanged supply. Whereas the increase of supply would decrease the price for an unchanged demand. These implications can help to decide about capacity based on potential demand changes based on the situation analysis conducted.

TEAM RESEARCH AREA RESOURCE FOUND & CHOSEN REVIEW AND REASON FOR CHOICE

green · Role of production in startegy1).

Production & operation managementVikram Bisen 2009

Lucknow, India : Word-Press 2009.

2).

Vickery, Shawnee K., Cornelia Droge, and Robert E. Markland. “Production competence and business strategy: do they affect business performance?.”Decision Sciences 24.2 (1993): 435-456.

This textbook data contain how companies produce their products and how to manage the production to fulfill the demand of the market without cut product. It identifies how companies can use production strategies to maximise demand.Which can be use to decide the amount of product that going to produce in simulation production part.

2)This journal directly describe why production effect to the company strategy and how production relate to the demand of the product. Knowledge from this journal can use to analyze the amount of the product that company going to produce in the simulation.

· Total Quality Management 1).

Total quality managementWorld Congress for Total Quality Management (1st : 1995) Gopal K Kanji

London : Chapman & Hall 1995

2.)

Porter, Leslie J., and Adrian J. Parker. “Total quality management—the critical success factors.” Total quality management 4.1 (1993): 13-22. The main purpose of TQM is to improve the performance of the production. The knowledge from this textbook about TQM can use in simulation when company want to analyze their production result and sell result with the competitors. Lots of method and theory about TQM contain in this textbook. Which is very useful to use for the analytical part of the simulation.

2) This source provide how important of the TQM to the product in the company. In the highly competitive market, TQM for the product is very important to make a difference to the market share in the market. This data can also use to help when analyze the result with the competitor.

· Just-In-Time and Lean Operation 1)

Lean operations management gekwantificeerdVandaele, Nico 2008

Katholieke Universiteit Leuven

Just-in-Time Systems

By Roger Rios, Yasmín A. Ríos-Solís1) One of the main purpose of JIT is to produce the product to meet the exact demand of the market and reduce the need for raw materials. These is the factor that production department manager have to consider.

2) This source give more understandable about the JIT system which can help to support and describe in the simulation result for each round and the solution to solve the problem that happens.

· product screening 1)

Product innovation leading change through integrated product developmentDavid L. Rainey 1946- MyiLibrary.

Cambridge : Cambridge University Press 2005.

Product Management

2nd Edition

Dr. Canandan

1),2)The data from this source show that in business world there are many factor to considering in the selection product to sell or launch in the market. This data can use in simulation to product screening and decison before selling in to the market to gain the most profit and market share.

· Operational competitive priorities 1)

Solutions business problem solving

2012

Burlington, Vt. : Gower Pub. 2012.

Chapter 9 page 182

Marketing principles and practice.

Dennis Adcock 2001

Harlow : Financial Times/Prentice Hall 2001.

Chapter 5 , Page 63

1)In simulation there are many competitors in the market. So it is very important for the head of production part to look at the result after each round and try to find the best solution to make the most effective way to win in the competition between their competitor. This source contain data about how to solve the situation that happen from the result.

2)When the result for each round come out. We can use this data to analyze what happen and preparing new competitive priorities for next round to make a better result and gain market share from the competitors.

· Capacity Planning 1)

Capacity Planning and Its Implications on the Infrastructural Development Needs of Some Selected Higher Institutions in the Eastern Senatorial District of Kogi State

by : Sule, Ja’afaru Garba, Dr. Ogbadu, Elijah Ebenehi & Olukotun, Gabriel Ademola

2)Design of advanced manufacturing systems : models for capacity planning in advanced manufacturing systems

Andrea Matta 2005

Springer 2005.

The management of the capacity is very important to fulfill the demand from the market. Planning for capacity is another factor that company have to consider. The factor for capacity that company have to consider in simulation is how many product that company can produce etc. which this source can use to plan the good capacity for company production.

2)In production department one thing that manager have to consider is the capacity of the product and its relate to the demand. This article provide data about how to plan this product capacity for the production. This data can also use to support the decision for each area production.

· Demand Management Strategy 1)

Demand management best practices process, principles, and collaborationColleen Crum 1953- 2003

Boca Raton, Fla. : J. Ross Publishing 2003.

2)Production control and demand management in capacitated flow process industriesFransoo, JC (Jan) 1993

Technische Universiteit Eindhoven

Demand management is very important in the simulation. Because we have to use theory to support our demand forecast decision for each round of the simulation. This source give us many useful knowledge about how to decide to make the demand for each round to gain the most market share from the competitors.

2)Production and demand always the two critical factor for the successful company. The production that’s not suit the demand can cause the big loss to the company. This source explain how to manage this two important factor together to make profit in the simulation.

· Learning curves 1)

PV Learning Curves: Past and Future Drivers of Cost ReductionKersten, F. ; Doll, R. ; Kux, A. ; Huljic, D.M. ; Görig, M.A. ; Breyer, C. ; Müller, J.W. ; Wawer, P. 2011

learning curves theory, models, and applications

Mohamad Y. Jabar1)This source provide data about learning curve and the reasons why produce more can reduce the price. We can use this source to describe the theory of learning curve that effect to the price of the production in simulation.

2)Learning curves is one of the most complicated theory in this simulation. So this source will describe more about learning curves. This is very important theory to use in support the idea.

· Inventory Management 1)

World class production and inventory managementDarryl V. LandvaterNew York ; Chichester : Wiley 1997

Essentials of inventory management

Max Muller c2011

New York : AMACOM c2011.

The data provided from this source is about how to manage the product to satisfy the demand of the market and what process that the firm should do about the cut product that left from sell. In simulation we have to select the area that produce the product and also where to start to sell the product. Which the data from this source can help to making decision about the order of place that product going to sell.

2)It is important to company to have a good inventory management because without a good inventory management can make loss from cut product that left in the market. This source provide lots of theory to support the idea in simulation about how to manage the inventory in production department.

Research and Development Management 1) Universal methods of research complex problems, develop innovative ideas, and design effective solutionsBella Martin Brudesign : M HaningtonBeverly, MA : Rockport Publishers 2012.

2) Business-driven Research and Development: Managing Knowledge to Create Wealth

Ganguly, Ashok In simulation we have to do research and development for the product.But there’s condition in R&D so we have to plan before do R&D. This source can help a lot about the decision and also the methods that going to use before making any R&D decision in the simulation.

2) This source provide data about how to make the most successful R&D for the company. It is important for company to do in house R&D to decrease the cost of production to gain more profit in the simulation. This source can help manager in production department decide when and when not to do the new R&D.

Microeconomics (Demand and supply) 1)

On-demand supply management world class strategies, practices, and technologyDouglas A. Smock 1948- c2007

Ft. Lauderdale, Fla. : J. Ross Pub. c2007. 2007.

EconomicsJohn Sloman 1947- 2006

Harlow : Financial Times Prentice Hall 2006.

The data from this source is useful when determine the market outlook in the simulation because we should calculate