Yield Management in Airline Industry

Service capacity management is completely different than the manufacturing one due to different considerations as shown here. In the aviation industry for example, which has many stakeholders and players, each one has a different measure for capacity management as discussed here. For airliners in specific, capacity is measured by the number of available seats (Slack … Continue reading Yield Management in Airline Industry

Airline Companies: Supply- Demand Balance

An old anonymous quote says: "To most people, the sky is the limit, to those who love aviation the sky is the home". Professionals in the airline industry are inspired with endless prospects in the sky, but how far are they successful? In a study conducted by Coelli et al. (2002) based on 28 international … Continue reading Airline Companies: Supply- Demand Balance

Capacity Management in Service Companies

In 1968, the American economist, Victor Fuchs, published a book called 'The Service Economy" which represented an early formulation of the service economy concept. According to him, USA was the first nation to grab the opportunities in the booming service sector (Zhou 2015, p.17). In 2014, service- related revenues contributed to 62.4% of the GDP … Continue reading Capacity Management in Service Companies

Tools and Techniques from Lean and Project Management for New Product Development

The broad picture about the use of lean thinking and project management in New Product Development (NPD) was discussed here and here respectively. The two approaches have some similarities and differences as shown here. The bodies of knowledge about these two areas provide different tools and techniques, yet, not all of them are applicable to … Continue reading Tools and Techniques from Lean and Project Management for New Product Development

Project Management and Lean Thinking: Similarities and Differences in New Product Development

After discussing role of lean thinking in the New Product Development (NPD) process here, alongside with the role of the project management for the same purpose here, it is the time to examine the similarities and differences between the two approaches. Within this context, NPD is defined as " the sequence of steps or activities … Continue reading Project Management and Lean Thinking: Similarities and Differences in New Product Development

Project Management and the New Product Development

Coming up with the next big thing is always a challenge. As discussed before, New Product Development (NPD) becomes a core competency for many industries. Historically, there are four types of NPD which are (Ulrich & Eppinger 2008, p.35): New product platforms; Derivatives of existing product platforms; Incremental improvements to existing products; Fundamentally new products. … Continue reading Project Management and the New Product Development

Lean Thinking and the New Product Development

New Product Development (NPD) becomes a core competency for many industries. In automotive companies, for example, it creates a larger 'strategic differentiation' even more than their manufacturing proficiency (Morgan & Liker 2006, p.8). An excellence study conducted by Arthur D. Little in 2005 revealed that "top innovators have 2.5 times higher sales of new products … Continue reading Lean Thinking and the New Product Development

Strategic Outsourcing: Benefits and Risks

Following to the previous articles about the definition of strategic outsourcing here, the outsourcing decision process itself and its influencing factors here and finally, the difficulties and barriers for the outsourcing process here, this article will critically evaluate the related benefits and risks in the strategic outsourcing process through reviewing three case studies for real … Continue reading Strategic Outsourcing: Benefits and Risks

Strategic Outsourcing’s Implementation: Difficulties and Barriers

Previously, the strategic outsourcing process was defined in this article followed by a thorough illustration of the decision-making process itself in this article. This article will continue that discussion by illustrating the main difficulties that might extend the time and efforts needed to finish the process, or even the barriers that can make it impossible. … Continue reading Strategic Outsourcing’s Implementation: Difficulties and Barriers

Strategic Outsourcing: The Decision Process and the Influencing Factors

Creating a competitive advantage is a vital aspect of any company's success which can be achieved by developing core competencies (David 2013, p.151). How do companies can develop and sustain that competitive advantage within with external changes in the business environment? Scholars have developed different arguments. On the first hand, companies can analyse the external … Continue reading Strategic Outsourcing: The Decision Process and the Influencing Factors