Reference no: EM132196512

Brief

Read "The Goal" by Goldratt and Cox. The Goal is a book by Eliyahu Goldratt that deals with the problems a production manager faces when running a factory. The lessons can be applied not only to manufacturing but to the production processes of service facilities as well.

Provide a structured report which addresses the following questions:

The first half of your assignment is to write a short introduction detailing what you learned from the book as well as what you thought of it. This is to be your own work, not a compilation of sources from textbooks or the Internet.

Discuss the instances in The Goal where Alex, Alex’s team, or Jonah used Throughput, Inventory, and Operation Expense (T, I, and OE), either explicitly or by implication, to assess the viability of decisions.  

If an existing measure used by management was shown (through the use of T,I,OE) to be giving misleading information discuss the measure and why it was failing.

For each instance of the usage of T,I,OE that you identify briefly discuss which constraint (capacity, market demand, supply, or policy) was being worked on at the time and which step of the process of improvement (i.e. five step or three step or both) the usage of T,I,OE helped to unblock.

The second half of your assignment is to discuss how you see the principles raised in The Goal applied or misapplied to your co-op work experiences. This part of the project will also entail writing 3 to 5 pages in your report.