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

Define which of the following are valid range names in excel, Which of the ...

Which of the following are valid range names in Excel? Total Profit TotalProfit Total_Profit All of these b and c only

Analyze the relationship between analysis and planning, Analyze the relatio...

Analyze the relationship between analysis, planning, implementation, and control. Provide an example of a product or service that flows through the relationship. Break down this pr

Explain labour agreements, Outline and explain the three major elements (an...

Outline and explain the three major elements (and their arguments) contained in the controversial question as to whether union security provisions should be negotiated in labour ag

Explain business practice or an invasion of privacy, Prospective employers ...

Prospective employers can conduct a credit check along with a background check to determine employment eligibility. Do you feel this is good business practice or an invasion of pri

Operation research, application of operation research

application of operation research

Benchmarking - performance and productivity measures, Benchmarking - Perfor...

Benchmarking - Performance and Productivity Measures Benchmarking is the practice of comparing business practice and in particular performance between companies. It has become

Explain the pros and cons of the theory, Explain the McGregor's Theory x-y,...

Explain the McGregor's Theory x-y, the pros and cons of the theory

Explain ensures goals and satisfaction, All of the following items describe...

All of the following items describe the sponsor's responsibilities for the project EXCEPT: A. Defines performace / success criteria B. Selects a manageable set of project to

Describe the steps of the collaboration process, 1. State the primary reaso...

1. State the primary reasons for the organizations existence from an analysis of the mission, vision, values, and goals. & Intro. 2. Analyze the reason for the type of organizat

Explain about the supply chain management according to kilty, Q. Explain ab...

Q. Explain about the Supply chain management according to Kilty? According to Kilty supply chain management: It involves the movement of products, services, and information

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