Preview

Isye 3232

Satisfactory Essays
Open Document
Open Document
375 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Isye 3232
ISYE3232

The key idea of the Goal is to clarify the importance of strategic capacity planning and constraint management . The background of the goal is Alex Rogo manages a production plant which faces the bankrupt financial crisis.
--After Alex’s conversation with Jonah, we know the goal of any business is to make money.

--Bottlenecks:
The book points out bottlenecks is one process in a chain of processes which is measured and controlled by variations on three measures: throughput, inventory and operational expense. And the bottleneck’s speed of production is what determines the speed of the other dependents. We should test quality control before going into the bottleneck because an hour lost at a bottleneck is an hour lost at the whole system. Focused on capacity, the company should increase throughput, decrease inventory and operational expense to make more money. During a hiking trip with Alex’s son, he produces a game for a few of the kids to demonstrate an ideal balance line of production. And we learned supply should be less than demand to make sure demand is going to decrease in market economy.
--dependant events a event is going to happen if and only if a series of events have happened
--statistical fluctuation the speed of the kids is not always same, production process is not always at the same speed.
--break bottlenecks: 1. Identify the system's bottlenecks 2. how to get the most out of the bottleneck 3. Subordinate everything else to the above decision 4. Elevate the system's bottleneck 5. If the bottleneck has broken in the step 4 go back to step 1 --the proper way to manage any operation: 1.Identify what needs to be changed 2.Identify what are going to be changed to 3. How to execute the change

-----------------------

USûQdkYûm Rµk=„‡eW[…Q¹[

USûQdkYûm Rµk=„‡eW[…Q¹[

USûQdkYûm Rµk=„‡eW[…Q¹[

USûQdkYûm Rµk=„‡eW[…Q¹[

rate

You May Also Find These Documents Helpful

  • Good Essays

    Chauhan, S. S., Nagiz, R., & Proth, J.M. (2004). Strategic capacity planning in supply chain design for a new market opportunity (Vol. 42, No. 11, 2197–2206). International Journal of Production Research ISSN 0020–7543 print/ISSN 1366–588X online, Taylor & Francis Ltd. http://www.tandf.co.uk/journals. DOI: 10.1080/0020754042000197711…

    • 932 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    IS4799

    • 675 Words
    • 8 Pages

    IS4799 Information Systems and Cybersecurity Capstone Project Unit 2 RFP Bidder’s Conference © ITT Educational Services, Inc. All rights reserved. Learning Objective and Key Concepts…

    • 675 Words
    • 8 Pages
    Satisfactory Essays
  • Good Essays

    References: Hill, C. W. (2009). Strategic Capacity Planning in Supply Chain Design for a New Market Opportunity (7th ed.). Boston, MA: McGraw-Hill.…

    • 991 Words
    • 4 Pages
    Good Essays
  • Good Essays

    In order for this new location, Hangzhou, to be profitable, Riordan Manufacturing will need a strategic capacity plan which will provide an approach for determining the overall capacity level of capital-intensive resources—facilities, equipment, and overall labor force size—that best supports the company’s long-range competitive strategy (Chase, Jacobs, & Aquilano, 2006). The capacity level has a critical impact on the Hangzhou location. If capacity is inadequate, Riordan may lose customers through slow service or by allowing competitors to enter the market (Chase, Jacobs, & Aquilano, 2006). If capacity is excessive, they may have to reduce prices to stimulate demand; underutilize its workforce; carry excess inventory; or seek additional, less profitable products to stay in business (Chase, Jacobs, & Aquilano, 2006).…

    • 1034 Words
    • 5 Pages
    Good Essays
  • Better Essays

    References: Chauhan, S., Nagi, R., & Proth, J. (2004) Strategic capacity planning in supply chain design for a new…

    • 1106 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Ops 571 Bottlenecks

    • 701 Words
    • 3 Pages

    “A bottleneck is defined as any resource whose capacity is less than the demand placed upon it. A bottleneck is a constraint within the system that limits throughput.” (Chase, Jacobs, and Aquilano 2006 pg 725) A bottleneck in a process is a point that causes congestion or in the process of getting from the bed to out the door the step that takes the most time. In the case of John Smith the second step in the process (exercise) clearly takes the most time and can be considered a bottleneck along with the fifth step (preparation of attire).…

    • 701 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Exam 2 Operations Management

    • 2658 Words
    • 11 Pages

    The objective of strategic capacity planning is to provide an approach for determining the overall capacity level of labor-intensive resources.…

    • 2658 Words
    • 11 Pages
    Good Essays
  • Good Essays

    The goal is to be profitable. In another word, the goal of a manufacturing organization and all organizations in general is to make money.…

    • 641 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Riordan Manufacturing

    • 1953 Words
    • 8 Pages

    Riordan Manufacturing, Inc. needs strategic plans because Riordan Manufacturing, Inc. is like any other business organization; divided into two governing sections of business operations a management section and a functional section. Strategic planning is conceptual, pragmatic, and can deliver the highest and best results for business decisions and practices. “Strategic management is a set of managerial decisions and actions that determines the long-run performance of a corporation” (Wheelen, 2010, p. 4). Strategic management possesses four phases that are designed to have business managers’ focus on internal, external, and overall policy implementation of their management systems. The four phases of strategic management are financial planning, forecast based planning, externally oriented strategic planning, and strategic management (Wheelen, 2010). The strategic management approach was developed to assist large corporations that participate in more than one industry; this approach assists management in creating and maintaining a competitive advantage, reduces risk, reduces error, and might prevent economic ruin of a business organization. Riordan Manufacturing, Inc. can benefit from developing a strategic management system because Riordan Manufacturing, Inc. was Riordan Plastics, Inc. and are currently operating in more than one industry, market, and country.…

    • 1953 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    National Cranberry

    • 620 Words
    • 3 Pages

    2. To address the wait time issue, NCC will need to analyze the plant operations to pin-point the bottlenecks and find ways, e.g. redesign the plant, invest in resources, to reduce these bottlenecks.…

    • 620 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The Goal Analysis

    • 1031 Words
    • 5 Pages

    Throughout this transformation story the reader is able to learn many valuable theories related to system and production management. Most notably the reader sees how Alex and his team (with the help of Jonah) learn and then implement the “Theory of Constraints” in their plant to improve operations. I will discuss the details of this theory in the following paragraphs.…

    • 1031 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Strategic planning: matching organizational objectives and capabilities to the anticipated demands of the environment to produce a plan of action that will ensure achievement of objectives.( Denhardt & Denhardt, 2010)…

    • 337 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    The Goal

    • 2517 Words
    • 11 Pages

    5. If, in the prior steps, the constraint has been broken, go back to step one.…

    • 2517 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Free Will and Determinisim

    • 1135 Words
    • 4 Pages

    In the case of every event that occurs, antecedent conditions, known or unknown, ensure the event’s occurrence.…

    • 1135 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    However as each child is unique, the rate that their development takes place may be different. Each child achieves milestones at sometimes very different times and…

    • 1224 Words
    • 5 Pages
    Powerful Essays