Where does the information on waste come from

Assignment Help Other Subject
Reference no: EM131015497

Lean Systems

The advent of new technologies (the Internet, computerization, etc.) and the impact of globalization (products not only available from every country but being developed in multiple countries) has increased not just the demand for goods and services but also has increased customer requirements and expectations. As such, organizations must be constantly changing to be as economically competitive as possible. This means doing more with less as the organization becomes as "lean" as possible (no fat).

The operations manager must be aware of how and why lean systems are necessary.

To answer the Discussion questions you will need to do additional research using the virtual library and/or Internet.
In order for an organization to do more with less they must examine all facets of the production or service process. To that end address the questions below:

How does just-in-time (JIT) inventory control help organizations become leaner?

Where does the information on waste (waste in raw materials, waste in process and flow, etc.) come from?

Should line employees be involved in making recommendations to improve lean production and processes or should this decision making be left only to management?

Reference no: EM131015497

Questions Cloud

Exploring the work other researchers have done in the area : Rather than just analyzing resources, this week we will be blending our resources into a larger frame, drawing connections between each of the resources and to our project thesis.
Net present value and annualized net present value : Calculate the Net Present Value and the Annualized Net Present Value for the two projects with the following cash flow streams given an MARR of 15%. Which project is preferable based on the NPV? Which is preferable based on the ANPV? Which of the ..
Calculate the net present value for the project : Calculate the Net Present Value for the project that requires an investment of $91,347, has the estimated returns given in the following table, and must meet a minimum acceptable rate of return of 15%:
Relationship between the interest rate and the npv : Evaluate the following two cash flow streams using the PP, ROI, NPV, and IRR. Assume a MARR of 8%. Plot a graph showing the relationship between the interest rate and the NPV. Provide an interpretation of your calculations and graph.
Where does the information on waste come from : How does just-in-time (JIT) inventory control help organizations become leaner? Where does the information on waste (waste in raw materials, waste in process and flow, etc.) come from
Discuss how a business can control its health insurance : Discuss how health insurance benefits might impact the organization's overall strategic goal-setting process - discuss how a business can control its health insurance benefit costs while using the benefit package as a recruitment and retention tool..
Risk and financial analysis : There is always uncertainty when we forecast or estimate future revenues and costs. The totality of the uncertainty can roughly be captured as:
Provide an opportunity to capture new ideas : Each week you will work on one aspect that will help you prepare for the course and reflect. Consider this Journal as study notes. This Journal will provide an opportunity to capture new ideas from knowledge gained and record your thoughts through..
Find the crossover rate for projects : a. Find the NPV and MIRR of projects A and B. If projects A and B are mutually exclusive, which project would you select? b. Find the crossover rate for projects A and B. c. What is the profitability index for projects A and B? How many IRRs exist fo..

Reviews

Write a Review

Other Subject Questions & Answers

  About core social motives

Core Social Motives

  Component of the criminal justice system

Select one component of the criminal justice system, or a private security organization. Write a 700- to 1,050-word paper about organizational behavior in a criminal justice or security agency.

  Significant distinction-critically estimating information

Write down one significant distinction you could not overlook making when critically estimating information provided in these materials about Boston Tea Party?

  Aids manufacturers in managing supply and demand

_____ provides time utility to buyers and sellers and aids manufacturers in managing supply and demand.

  Confirmation bias theory

Is the influence of the media on biases diluted considerably due to teh phenomenon termed as confirmation bias.

  Significance regarding gender satisfaction

Define the term glass escalator and discuss its significance regarding gender satisfaction. Define the concept of a glass ceiling and discuss its significance regarding the increasingly corporate structure of contemporary occupational opportunities.

  Atoms of a molecule that undergoes a chemical reaction

What happens to the atoms of a molecule that undergoes a chemical reaction? How is energy consumed in a chemical reaction? How is energy released in a chemical reaction?

  About a conflict that is currently happening

about a conflict that is currently happening

  Determine which experiences have inspired ethical reasoning

Reflect: Take a deeper look at your own life and determine which experiences have inspired ethical and moral reasoning. Were there any huge influences in this process

  The mayor of a large city was given a free membership in an

consider these three problems. in writing a paper about all three of them individually identify the consequences of the

  When a non-profit group holds charity events

When a non-profit group holds charity events, they save the data about the expenses, ticket sales, and profits in a data file. They would like to have a program that will help them determine how much money the event generated or lost.

  What specific skills are necessary to communicate

What specific skills are necessary to communicate effectively as you complete the communication aspects of the project? deliverable length 3-4 paragraphs

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!

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