Overall, the main target of this approach is to optimize the operational efficiency and establishing continuous improvement for a long period of time. Thereby, you must differentiate between product, process and business model innovation. The case study itself indicates that Trumpf mainly tried to accomplish an improvement of their production processes.
Inhaltsverzeichnis (Table of Contents)
- Innovation Management
- Evaluation of Trumpf's lean production system "Synchro" as an instrument of incremental innovation management
- How does Trumpf use open innovation to compete in these fast changing markets?
- What else can be done to improve Trumpf's way to be innovative? - Listing and explanation of potential focus points
- Which elements of a good innovation culture and organization can you identify at Trumpf? - Further recommendations
- Supply & Process management
- "Lean tools" - Improvement of the overall efficiency and responsiveness of Trumpf
- Supply Chain Strategies - Improvement of the overall efficiency and responsiveness of Trumpf
- Project Management
- Project background and rationale
- Potential project options
- Determination of SMART objectives of the project
- Development of a project charter
- Development of a Work Breakdown Structure and project activity network
- Establishment of a Gantt chart
- Generation of an appropriate project organization
- Development of risk management instruments
- Identify potential stakeholders, develop the stakeholder matrix, and a stakeholder management strategy
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This term paper analyzes the management practices of the international company Trumpf, focusing on the areas of innovation management, supply and process management, and project management. It aims to evaluate Trumpf's current strategies and identify potential areas for improvement.
- Evaluation of Trumpf's lean production system "Synchro" and its role in innovation management
- Analysis of Trumpf's open innovation strategy and its effectiveness in a dynamic market
- Examination of Trumpf's supply chain strategies and their contribution to overall efficiency and responsiveness
- Application of project management principles to a real-world scenario at Trumpf
- Assessment of Trumpf's organizational structure and its influence on innovation and project success
Zusammenfassung der Kapitel (Chapter Summaries)
The paper begins by examining Trumpf's lean production system "Synchro" and its role in fostering incremental innovation. It analyzes how "Synchro" supports continuous improvement and efficient production processes. The paper then delves into Trumpf's open innovation strategy, evaluating its effectiveness in responding to rapidly changing market demands. It also explores potential areas for improvement in Trumpf's innovation processes.
The paper further examines Trumpf's supply and process management practices, including the use of "lean tools" and supply chain strategies. It analyzes how these practices contribute to the company's overall efficiency and responsiveness. Finally, the paper applies project management principles to a hypothetical project at Trumpf, exploring key aspects such as project planning, risk management, and stakeholder engagement.
Schlüsselwörter (Keywords)
This term paper focuses on the key topics of innovation management, supply chain management, and project management as applied to the international company Trumpf. It uses concepts such as "lean production," "open innovation," "supply chain strategies," "project charter," "risk management," and "stakeholder management" to analyze Trumpf's operations and identify potential areas for improvement.
- Quote paper
- Tobias Hinterwimmer (Author), 2018, Managing the international Enterprise, Munich, GRIN Verlag, https://www.grin.com/document/427099
