After a run in with an old physics teacher‚ Alex Rogo discovers new meaning to the management terms throughput‚ inventory and operational expense during his quest to turn his plant around. Jonah‚ his teacher‚ defines throughput as “the rate at which the system generates money through sale” (Goldratt and Cox). His definition of throughput catches Rogo off guard as it is different from the version he learned. Operations and Supply Chain Management‚ defines throughput as the “output rate that the process
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The book touch base not only the professional life of Alex‚ but also his personal life. We do not work to live but to live to work. Jonah introduces Alex with Socratic Method which then Alex uses to implement in the process to define Theory of Constraints and also to solve the problem in his marriage. Personally being married for less than a year and still hungry in career growth I related myself well with Alex‚ not as manager of a process in an organization but as husband as well. Socratic Method
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THE ROLE OF JUST-IN-TIME IMPLEMENTATION IN RELATION TO PERFORMANCE: AN EXPLORATORY STUDY By Che Ruhana Isa (PhD)* Tay Yew Keong Faculty of Business & Accountancy University of Malaya ABSTRACT This study investigates the relationship between the level of just-in-time (JIT) implementation and performance. The study employed self-administered questionnaire survey to collect data from Malaysian manufacturing companies. The statistical tests provide empirical evidence to support the predictions
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Professional Experience: Project Management ‚ Control & Planning Contractors Management Team Leadership Civil Works (Buildings‚ Foundations and concrete structures) Telecommunication Facilities (Indoors & outdoors) HAZARD Studies managements (Risk Analysis and SH&E) Structural Pathology
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The Internship is a comedy film. Billy McMahon and Nick Campbell who worked as the salesmen in a watch company. They were fired by their boss who name John Goodman and being informed that the watches have become outdated in a digital world and thus the company shut down. They were hard to find a new job because lack of skills. Billy cheated in applying an internship program at Google for himself and Nick. They took a video interview session with Google and successfully being accepted into the internship
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Alex learns from Jonah several concepts which are polar opposites from what he has been told before about business operations. Jonah reveals that: 1. Money is most important to management over efficiency. 2. Cost accounting is the number one enemy of productivity. 3. A plant in which everyone is working all the time is inefficient. The next morning Alex has the opportunity to take his son on a hiking trip with other boys and he has an another revelation regarding work. During the hike there is
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After reading about Plastec within the past three weeks‚ we have learned that the company is dealing with a high employment turnover rate‚ and employees with job apathy‚ whom feel that their present job at Plastec is a dead-end job‚ believing they have little chance of ever being promoted within the company. Moreover‚ there has been an issue of male employees telling off- color- jokes‚ and making sexual comments against women; they did not realize that their actions caused the women and minority
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1. Executive Summary This report provides an analysis and evaluation of the Just-In-Time system‚ the advantages and disadvantages of the system and how it would benefit AG & Z. The Just-In-Time (JIT) system is a process where goods are ordered as required‚ as opposed to the currently used batch processing system where goods are made in bulk and stored in warehouses until sold. The Just-In-Time system was initially developed to not only cut down the amount of waste produced by other systems‚
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Throughout the book “The Promise of a pencil” by Adam Braun‚ the book gives an insight to the trial and tribulation that Braun went through to start his non-profit organization‚ Pencils of Promise and a little bit of his background. One theme that was displayed in the book that I related to was that Staying on track with your goals will help make a person’s dream into reality. This theme I could apply to my life experience and my transition to Florida International University. Indeed‚ this book talks
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Jennifer Purifoy April 30‚ 2001 Page 1 of 3 Executive Summary for The Goal: A Process of Ongoing Improvement by Eliyahu M. Goldratt The heart of this story is based around the life of Alex Rogo‚ Plant Manager for Uniware a division of Unico. After a very upset customer approaches Alex’s boss‚ Bill Peach‚ he is given an ultimatum to turn the plant around in three months. Due to the limited amount of time available‚ there are not many outside tools available such as consultants‚ surveys‚
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