MGT 502 Final Review Questions 1. List and explain the three ways to decrease process throughput time. 1) Perform activities in parallel a. A serial approach results in the throughput time for the entire process being the sum of individual steps plus transport and waiting time between steps. Using a parallel approach can reduce throughput time by as much as 80 percent and produces a better result. 2) Change the sequence of activities b. Altering the sequence of activities
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Chapter 4- Matching Supply and Demand * Lead time gap * What is it?- difference between the time it takes the actually procure‚ produce‚ and deliver the products and the time the customer is willing to wait * Customer and supplier viewpoint? * Customer- customer order cycle‚ amount of time available for order fulfillment * Supplier- * Traditionally how is it handled? * forecasting * Forecasting * Pitfalls- time uncertainty‚ carrying
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outstanding quality and precision. They taught Packard but at the end of a six-month program‚ their shipment was rejected. After all that spat Packard decided to implement elements of JIT and TQM‚ such as Kaizen‚ reduction of lead times‚ quick die changes‚ Kanban‚ and Visual management (Shoenberger‚ Knod‚ 1997). Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame. Packard Electric Corp. has successfully implemented
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only then sent to the next process. There is final inspection before test drive if there is any fault it is sent for fixing the error. Every process is in order in the assembly line where different models follow similar line of production. 3. Kanban: since they follow a fixed inventory system once the inventory is withdrawn for further production from the container simultaneously production begins to fill the inventory. While the order is being filled the quantity in the second bin is used. The
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caused average inventory to increase and inventory overflow to outsource warehouse. d) The double handling of raw materials by the warehouse staff which contributed to the wastage of overtime resources. The study recommended the company: a) Use a Kanban system to signal “pull” to the Planner to order spare parts for maintenance department. b)
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The scarcity of resources‚ time‚ ease of implementation and costs has always been a major bottleneck for firms as far as production is concerned. So is the case for SPC GmbH. Therefore‚ for it to ensure a timely and a sufficient supply of masterbatches to its customers‚ we will be suggesting theoretically possible means to increase production capacity‚ evaluate them qualitatively‚ then try to adjust them to SPC’s case. The flowchart in figure 1 depicts a logical tree on how to increase capacity in
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KEY TERMS Production Organization: Organization that produces tangible goods that can be mass-produced and stored for later consumption. Service Organization: Organization that produces intangible goods that require consumer participation and cannot be stored. Operation Management: Complex management activity that includes planning production‚ organizing resources‚ directing operations and personal and monitoring system performance. Productivity: Measure of how well an operations
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Introduction Toyota is Japan’s biggest car company and the second largest in the world after General Motors. It produces an estimated eight million vehicles per year‚ about a million fewer than the number produced by GM. The company dominates its home market‚ with about 40% of all new cars registered in 2004 being Toyotas. Toyota also has a large market share in both the United States and Europe. It has significant market shares in several fast-growing South East Asian countries. The - 1 -company
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What is operations management? Operations management is an area of management concerned with overseeing‚ designing‚ and controlling the process of production and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed‚ and effective in terms of meeting customer requirements. It is concerned with managing the process that converts inputs (in the forms
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Introduction Before the 1970s‚ in the kingdom of automobile industry‚ America is accepted the only magnate without any doubt. Detroit auto standard was highly praised and strictly abided by in the global automobile industry at one time‚ Ford and General Motors are paragons among them. Toyota cannot even be mentioned in the same breath with them at that time. However‚ decades of years past‚ Toyota Motor Corporation is no longer what it was before. Since 2008‚ Toyota has gradually replaced the position
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