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PM Case Study

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Adopting a lead strategy will allow the managers to be prepared for any abrupt increase of demand in the market. Leading strategy is an aggressive strategy which enables managers to add capacity in expectation of a rise in demand. The underlying goal of this strategy is to lure customers from the rival companies by providing them with enhanced services thereby reducing the service lead time by a substantial degree. To reduce the service lead time, it is important for the organization to achieve economies of scale and scope. One way of doing that is to ensure that the workforce is distributed on the basis of skill sets possessed by individuals.

In addition to that the company will also have to bring down the stock out costs. Reducing the stock out cost will enable the managers to plan their inventory holdings appropriately thereby allowing them to reduce inventory holding costs (Vlachos, Georgiadis and Iakovou, 2007). The workforce has to be provided with proper training and development in order to impart necessary skills in them which will enable them to manoeuvre their working methods in such a way which leads to the achievement of operational efficiency.

It is extremely important for the company to incorporate technology and make sure that the workforce adapts to these technologies appropriately. By doing so, the organization can channelize the efforts given by the workforce in the right direction. In addition, the managers have to be very adaptive to the changing circumstances in the market. This is where the relevance of a match strategy lies. By adopting match strategy the managers will be able to add capacity in smaller amounts I anticipation to the varying demands in the market.

This is more of a moderate strategy which will enable the managers to control production outputs on the basis of fluctuations in demand. Adding capacity in smaller amounts means to manage workforce and inventory resources appropriately across all production levels and departments. It is enormously important for the HR managers to make an accurate estimation of exactly how much hours are required per year in order to operate in full capacity. This will enable HR managers to determine workforce as well as machine requirements both during situations of high and low demand.

There is also scope for the implementation of adjustment strategy whereby managers will have the option of adding or reducing capacity in large or small amounts so as to rise and fall in consumer demands (Krajewski, Ritzman and Malhotra, 2012).

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preview essay on PM Case Study
  • Pages: 7 (1750 words)
  • Document Type: Essay
  • Subject: Business
  • Level: Undergraduate
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