CPI005 - Strategic Management of Resources

Outline info
Last revision date 2018-07-20 12:20:24.514
Last review date 2018-07-20 12:20:45.593

Subject Title
Strategic Management of Resources

Subject Description
In this subject, students explore the relationship of existing and emerging processes and technologies to manufacturing strategy and supply-chain-related functions. The subject addresses three main topics: aligning resources with the strategic plan, configuring and integrating operating processes to support the strategic plan, and implementing change. For maximum comprehension of subject content, students should be familiar with the information and concepts presented in other CPIM modules before taking this subject.

Credit Status
One credit towards the Certified in Production and Inventory Management (CPIM) certification offered by APICS - The Association for Operations Management

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Demonstrate an understanding of issues related to the competitive market, facilities, the supply chain, informational technology and organizational design, all of which affect the ability to align resources with the strategic plan.

2. Configure and integrate the following operating processes to support the strategic plan: priority planning, capacity planning, design and development, and cost management.

3. Implement, manage and measure the results of change on projects designed to improve the strategic management of resources.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

It is strongly recommended that the student first complete Basics of Supply Chain Management (CPI099).

Topic Outline
I   Understanding the Business Environment
Operations strategy must be integrated with the business strategy of the firm, reflecting the external environment, as well as organizational priorities and philosophies.
A.  Globalization/Location Issues

  •     Markets
  •     Suppliers
  •     Competition
  •     Partners

B.  Information Requirements
  •     Value as perceived by the market
  •     Supplier capabilities
  •     Existing and emerging competitive technologies, products and services
  •     Regulatory considerations
    •     Compulsory (government)
    •     Non-compulsory (industry and non-government organization)

C.  Sustainability
  •     Economic
  •     Environmental
  •     Social

II   Developing the Operations Strategy
A.  Performance Objectives/Goals
  •     Choosing how success is determined

B.  Product/Service Design
  •     Matching firm capabilities and processes to Market needs
  •     Product Life Cycles

C.  Structure and Infrastructure
  •     Paradigm or philosophy to provide consistent framework or decision making (e.g. Lean, TOC, ERP)
  •     Process Design as illustrated by the product-process matrix and the product-service design matrix

D.  Coordination Strategy
  •     Planning for capacity
  •     Integrating material strategies across the supply chain
  •     Sharing Information (e.g., sales, forecast, capacity plans, new product-planning)

E.  Measurement
  •     Financial statement analysis
  •     Cash Flow
  •     Capital Investment
  •     Costing
  •     Non-Financial (e.g. balanced scorecard, operational measures, personnel measures)

F.  Logistics
  •     Forward logistics
  •     Reverse logistics
  •     Outsourcing
  •     Third and fourth Party logistics

G.  Organizational Commitment Process
  •     Commitment Resources
  •     Organizational acceptance
  •     Operation Strategies

III   Implementing the Operations Strategy
A.  Risk and Risk Mitigation
  •     Risk and Risk Prevention
  •     Assessment of potential failure points
  •     Redundancy strategy
  •     Failure recovery strategy

B.  Change Management
  •     Leading Change
  •     Change Process
  •     Prepare others for change

C.  Infrastructure System
  •     Management
  •     Value Creation
  •     Quality
  •     Information

D.  Structural Deployment
  •     Facilities Strategy
  •     Equipment Positioning
  •     Other assets - Inventory, Vehicles

Mode of Instruction
Classroom lectures with regular problem solving, case studies and discussion of assignments.

Prescribed Texts
Student workbook provided by APICS.

Reference Material

Required Supplies

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.

Modes of Evaluation
70% attendance is required for a satisfactory grade on your College transcript.

This is a review subject which prepares students to write the APICS exam.

Students must contact APICS, by phone or mail, to register in order to write the exam. Exams are administered by APICS and are conducted by computer based testing at Pearson Vue www.pearsonvue.com.  Pearson VUE Customer Care at 1-800-274-8399 or 610-617-5093
Please contract APICS (1-800-444-2742) for exam dates and details.

Approved by: Denis Gravelle, Sharon Estok