1. Define production. What are the factors of production? Define production: Production means the creation of Utility. Through production inputs are converted into output which can satisfy or meet wants or demands. So production is a process of transforming inputs into useable outputs. Utilities are created in three forms such as (i) Changing the form (ii) changing time and (iii) changing place. Example: Wood in a forest generally has no utility to a consumer but cutting the wood‚ changing
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LEAN & GREEN FACTORY @ McKinsey Capability Center Atlanta Turning resource productivity and continuous operations into competitive advantage The efficiency imperative Energy is already the single largest indirect cost in many industries. And its price is only going up. To deliver the next step in energy and resource productivity‚ companies will need to make broad and deep changes across their operations. Does your organization have the capabilities to make that happen? LEAN
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Keller Graduate School of Management GREEN ACRES /A LEAN PLAN Prepared by: Group B Submitted in Partial Fulfillment of the Course Requirements for Sustainability Project Management PROJ 591-68026 12/16/2012 A LEAN PLAN Green Acres will identify a Lean Operations Plan and ways to reduce or the wastes produced in our production or project and service development. To be lean: • Identify customers and specify value‚ recognize that even
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Kimberly Clark – Lean Logistics June 25‚ 2012 Executive Summary Organizations in today’s economy often include cost control or reduction in their overall strategies. Logistics is an area of increasing focus where internal and external costs affect the margins and customer demands require excellence of service. In distribution‚ selective‚ exclusive and intensive are three primary channels in which an organization must determine the best option in relation
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-VW VW Ao A1 O Z -VW V= VW+VT N Workpiece Chip VT Cutting tool X Y Ao b=f N VT Absolut velocity a VW = f (x‚ y‚ z) VT = f (x‚ y‚ z) Basic condition of cutting Forces in the material of workpiece and tool makes strain that makes elastic and plastic deformation. (σ1 ) W ≥ (R m ) W (σ1 )T ≤ (σm )T HVT ≈ ( 3 ÷ 5 ) ⋅ HVW Main parameters of cutting procedure V V Vc=Vy Chip Vc=Vy O Z VZ X Y N N VX VX Cutting tool Workpiece
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Improving Production at Sutton Branch McDonalds Productivity is a very important factor in a business. It is how well a business produces it’s goods depending on how efficient the output is made. For McDonalds this is very important because as a fast food chain we need to keep costs and waste as low as possible‚ whilst still producing quality burgers and chips to meet customer demands and company goals. McDonalds in general uses all three types of production. Job production is when one-off specialised
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Abstract The current research paper was meant to give an in depth look at the Toyota Production System and its effects on the automotive industry. The automotive industry in America has gone through drastic changes over the last few decades and Toyota has set the standard for the rest of the auto industry to follow. Toyota has accomplished its goals of profitability and quality by implementing the various components of the TPS. Some of the common terms associated with the TPS are JIT‚ Kanban
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organisation‚ identify a strategic operations issue or problem that needs to be addressed. WORD COUNT: 2545 EXECUTIVE SUMMARY: Lean Synchronisation is a growing trend as the market becomes increasingly competitive due to customer’s/client’s expectations that a product or service be provided instantaneously. This analysis considers the application of lean synchronisation principles to the simple process of signing out mail within a law firm where each solicitor must reach a certain amount
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Toyota Financial Services (TFS) recently undertook a major business transition programme to in-source its back-office functions. This required that a large number of Toyota and Lexus retail finance contracts‚ together with all their associated transaction data‚ be converted from an external IBM mainframe-based system to an in-house system. The new system was based on the Lynx "Portfolio" software package using Unix and Oracle technology. ATD consultants worked closely with TFS throughout the data
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Toyota Production System High Quality and Low Cost Readings; g; James Womack‚ Daniel T. Jones and Daniel Roos‚ The Machine that Changed the World‚ 1990‚ Ch 3 and 4 J T. Black “The Factory with a Future” Ch 2 & 4 Michael McCoby‚ “Is There a Best Way to Build a Car?” HBR Nov-Dec 1997 1 COST VS DEFECTS Three Major Mfg Systems from 1800 t 2000 f to Machine tools‚ specialized machine tools‚ Taylorism‚ SPC‚ CNC‚ CAD/CAM 1800 Interchangeable Parts at U.S. Armories 1900 Mass Production at
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