In addition to these technological factors there is also the fluidity of people moving across borders and throughout regions of the world as well. This all adds up to an exceptional pace of change globally for Operations Management as a discipline.
3) Research the Theory of Constraints by Eli Goldratt. How does this theory apply to the company, such as Kroger or Circuit City?
The Theory of Constraints most applies to Kroger and Circuit City from the standpoint of streamlining and making more efficient their supply chain, sourcing, procurement and logistics strategies, making it possible to keep products that sell well on their store shelves. The Theory of Constraints also is invaluable in terms of helping the management teams in those retail chains determine the optimal mix of inventory for any given month or season...
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