Course Details
Country:
Germany
Institution:
Frankfurt School of Finance & Management
Course Title:
Operations Management
Course Number:
MGT60138
Course Description:
Economic theory assumes that on efficient markets prices adjust to match supply with demand: if there is excess demand, prices rise; if there is excess supply, prices fall. However, most managers in most enterprises would prefer to be able to match supply and demand without adjusting prices. To them excess demand means lost revenue and excess supply a waste of resources. They do not like the thought that an overproduction of the product that they are responsible for has to be scrapped or sold at discount prices. This course is about how companies can design their operations to better match supply with demand and thereby gain a significant competitive advantage over its rivals. A better match of supply and demand can be achieved by using an adequate set of operations management tools, more specifically, by implementing rigorous quantitative models and well-understood qualitative operational strategies. This module introduces a broad range
Language:
English
Approved Equivalent:
OSCM 435
Attachment Files:
Operations Management_1.pdf
