I. Generating
Value
Evaluate: According to the case study Nissan has a pacific
product line compared to its competitors. Nissan uses a build to
stock method for some models of vehicle, while the rest of the
methods of vehicle are building to order. This style of operations
management should save the company money. There is an example of
this found in the Nissan case study on page 4.
Assess: Nissan is achieving a competitive advantage by
maintained a simplified product line compared to its competitors.
The company adopted a build-to-stock strategy for just a few SKUs
in each model and a build-to-order strategy for the rest (William
and David, 2017). Nissan believed that this strategy had not only
helped it to simplify its operations and
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CPM - Critical
path method is a
project
managementtechnique that uses only one-time factor per
activity PERT focus event and the nature of a job is
non-repetitive versus CPM focuses on activities being repetitive in
nature (How does Pert & CPM work, 2013). In the research that I
have done, it like that PERT is better suited for Research and
development projects, where CPM is better suited for non-research
projects such as building. (How does Pert & CPM work, 2013).
For Nissan, PERT would be best for random, non-repetitive
activities such as tsunami and earthquakes. CPM would best suit the
normal aspect of a company such as production and operation
planning, allocation of supply and decision- making
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Step 1,
Determine the use of the forecast. Nissan determines whether to
increase sales, introduce new settings, enhance features or
redesign preexisting products (Nissan Motor Co Ltd Forecast, 2017).
Step 2, Select the items to be forecasted. Nissan forecast based
off the features most selected during build sales this include
product demand and model sales. Step 3 determines the time horizon
of the forecast. Nissan determines this by deciding whether it
should be quarterly or annually (Vehicle production forecast,
2017). Step 4, Selecting the forecasting model. Nissan does this by
considering several variables related to quantity. Step 5, gather
the data needed to forecast. Nissan does this by obtaining
information from pre-orders, past sales, and economical behavior.
Step 6, Make the forecast. Nissan show each model in the forecast.
Step 7, Validate and implement the results. Nissan does this by
ensuring the models and data are all valid and have achieved
desired results (Vehicle production forecast, 2017). To ensure the
quality of the product, Nissan should review forecast from each
model and adjust as needed to forecast
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