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 did intel use monopoly-like power, In your judgment is Intel a "mon...

In your judgment is Intel a "monopoly"? Did Intel use monopoly-like power; in other words, did Intel achieve its objectives by relying on power that it had due to its control of a

Type of process technologies - continuous of flow production, Type of Proce...

Type of Process Technologies - Continuous of Flow Production Continuous of Flow Production: Batch methods are characterized by the irregularity in the way the work is carried

Explain individual employees and improve cooperation, How can a pay for per...

How can a pay for performance system increase motivation of individual employees and improve cooperation?

Describe the peculiarity of location selection, Question 1: How is Brea...

Question 1: How is Break-even Analysis significant to investment, as well as, operational decisions Assumptions Importance of Break-even Analysis for operational deci

Explain characteristics of organisational development, Explain characterist...

Explain characteristics of organisational development. Characteristics of Organisational Development (i) Organisational progress is an educational strategy for bringing a

What are the possible to use a ti-84 calculator, To test H0: p=.35 versus h...

To test H0: p=.35 versus h1:p Please let me know if it is possible to use a ti-84 calculator ? = Power =

Explain what is the relationship between swot and strategy, What is the rel...

What is the relationship between SWOT and Strategy? Provide real world examples. Additional research is necessary by using scholarly publications. Cite accordingly.

Explain group think, Assess the impact of "group think" and "slackers" to t...

Assess the impact of "group think" and "slackers" to the overall performance of the team and make two recommendations for how that impact could be mitigated. Provide specific examp

Explain values and customs of the local workforce, What is the key reason h...

What is the key reason host country nationals are hired to fill most foreign positions? Answer (1) They can more easily understand the values and customs of the local workforce. (2

Explain europe and japan to adopt the new product, What triggered the new p...

What triggered the new product strategy at Minnesota Biolabs? 2. What prediction would you make for the success of getting the country general managers in Europe and Japan to adopt

Write Your Message!

Captcha
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