User Account

All Pages

ops management, Operation Management

Assignment Help:
Case study: Implementing Operations Management Tools in UK SMEs
The
intense competition in the current business environment has forced both the service and
manufacturing industries to re
-
examine their methods of doing business. In recent years,
even well
-
known names in manufacturing and service sectors have struggled with
growing
competition from emerging companies who use superior manufacturing practices and use of
quality initiatives in the form of
materials requirement planning
(MRP),
just
-
in
-
time
(
JIT
)
and
theory of constraints (
TOC
)
.
You have been appointed as a
production manager in a U.K. based company specialised in
manufacture of piston for internal combustion engine made from Aluminium (Al) and
Magnesium (Mg) alloys. The company has a production capacity of 500 pistons per day, in a
complete process from cast
ing to assembly and quality control. Four different types of
pistons are produced two of which have been launched within past two years.
The production process takes place in two separate areas of the factory. In one area, the Al
and Mg alloys are cast wh
ile the casings are machined and finished in another area. A total
of
5
0 people are at work in this plant. The main raw materials, Al and Mg alloys, are sourced
directly from two different suppliers from within the U.K. located about 150 miles away. Other
small parts required for the piston is sourced from a supplier from the US.
Parts are held in a large central store, however, difficulty is often found in obtaining
components in a specified time. The company very often faces part shortages at assembly
wh
ich leads to high “Work In Progress” (WIP).
The company is currently using the materials requirement planning (MRP) inventory
management system. For the last couple of years the top management of the company has
been considering to switch to just
-
in
-
time
(JIT) inventory management system which is a
complex decision, requiring careful examination of each system and its possible impact on a
variety of factors. Your immediate task is to undertake a comparative analysis of these two
popular inventory managemen
t practices and provide a report indicating a number of
benefits and critical
factors
so that upper management can make a decision on whether or
not to switch to JIT. Your report should include important factors such as:
1.
Critical
elements and
criteria for
judging level of success
of
the systems
;
2.
Critical
factors
for implementation;
3.
Implementation stages and cost;
4.
Limitations of the system
s

Related Discussions:- ops management

Explain forgo economic profit in order to increase social, When is it ok to...

When is it ok to forgo economic profit in order to increase social returns?

Describe the differences between a 3rd party beneficiary, Explain the diffe...

Explain the differences between a 3rd party beneficiary and a 3rd party assignee. Why are assignments of contracts so important for our free enterprise economy?

Define contribute toward building a more ethical environment, How can you c...

How can you contribute toward building a more ethical environment?

Explain importance of team preparation, • Prepare a 3 to 5 page paper discu...

• Prepare a 3 to 5 page paper discussing what conclusions you can reach on the importance of team preparation and member selection to the "Define" stage, and eventual success of Si

What are the quality circles, Q. what are the quality circles? Quality ...

Q. what are the quality circles? Quality circles is an American conceptual, whereby a group of five to eight employees, usually working in similar area, volunteer to meet onto

Customer satisfaction and service quality, Customer Satisfaction and Servic...

Customer Satisfaction and Service Quality - Operation Strategy Although you have seen examples of the dimensions along which companies compete and approaches to operations st

Explain insufficient to handle the increased workload, A company that produ...

A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the increased workload, so the company is considering t

Frameworks for developing performance measures, Frameworks for Developing P...

Frameworks for Developing Performance Measures  There are a number of approaches which will be described here in broad terms:  The Kaplan and Norton balanced scorecard

Why management scientist to find the optimal solution, Dinoco produces thre...

Dinoco produces three types of oil products: domestic oil, petrol for car and aviation fuel. Each product must meet the minimum average octane regulation. The average octane levels

Greater flexibility of core staff in an organisation, How is greater flexib...

How is greater flexibility of core staff achieved in an organisation? Greater flexibility of core staff into an organisation is accomplished by the follow: a. Shorter term a

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd