Operations management Coursework Example | Topics and Well Written Essays - 750 words

Operations management - Coursework Example Moreover, if a company does not take care of variability the customer may not get everything he or she expects in every purchase. Most businesses that perform several activities such as offering goods on credit, advising customers, providing debt solutions and lending money to customers will in general be practicing what is referred to as customer credit activities. This for instance includes credit card issuers, log book lenders, debt management and collection firms, Payday-loan companies, pawnbrokers, offering hire purchase agreements, peer-to-peer lenders and credit brokers businesses. It is important to note that companies will lose more money by providing more than the product specification needs (Binder 67). Of late, software has become a key asset for various competitive products. This is practical in the general overview of every industry. This has become a concern for various companies due to the competitiveness in the software development. However, there two ways of dealing with this concern. The first way can be by increasing the competitiveness internally (Binder 67). This is through the large-scale reuse of existing software assets. The other ways is by externally outsourcing the software development activities to third party merchants. The first strategy is mainly focused of although the other strategy is not always completely ignored. Software product line engineering is different from a single systems engineering in two main ways. First, software product line engineering needs two different development processes. These two processes are domain engineering and application engineering. The domain engineering first defines and acknowledges the common invariant artifacts importantly the variability of basic software product line. In simple terms, it means establishing a common platform for software development and mass