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Intro to Business News is South-Western's service to provide summaries of the latest Business news stories. Review the brief summaries and, for stories of interest, select the full summary. |
| OPERATIONS MANAGEMENT | |
| Title | Brief Summary |
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America's Big Three automakers continued their slide in April 2007, as Japanese giant Toyota Motor Company overtook GM to become the No.1 selling car manufacturer in the world. (Updated May 2007) |
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In the wake of recent mining disasters, government regulators have stepped up investigations and called for higher safety standards in the coal industry. Some mine operators reject the government's recent involvement, however, saying knee-jerk reactions from lawmakers won't make mining safer. (Updated April 2006) |
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Japan's just-in-time (JIT) manufacturing process has transformed manufacturing worldwide and altered the transportation industry. But for JIT benefits to be maximized, businesses must integrate transportation with good logistics to ensure that materials arrive on schedule and without interruption. (Updated January 2006) |
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World's largest retailer Wal-Mart Stores, Inc. reported recently that its use of radio-transmitting inventory tags is reducing out-of-stock product and boosting sales. The big box retailer claims that RFID technology has led to increased productivity and is being used to manage inventory in over 500 stores. (Updated November 2005) |
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Successful businesses constantly seek new ways to produce goods and services in the most efficient, cost-effective manner. According to representatives from IBM, Dow Corning, and other top corporations, breakthroughs in supply-chain technology are improving information flow and connectivity for some of the world's largest manufacturers. (Updated October 2005) |
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This article sheds light on the supply chain of the mortgage industry and argues that integrating the entire loan-production process would not only improve productivity, but also lower the cycle time and increase customer satisfaction. Three recommendations are provided on how to best apply operations technology to the existing mortgage supply chain. (Updated February 2004) |
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While many manufacturing workers have lost their jobs during this past recession, American factories are producing more than ever before thanks to recent productivity gains. The authors also argue that manufacturers need to adapt, innovate, and create new products rather than hold on to the status-quo. (Updated January 2004) |
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