Explain the five steps of the theory of constraints

Assignment Help Operation Management
Reference no: EM13854841

Prompt: Refer to the Nissan case study, your own independent research, and the course materials to answer the following items. Specifically, the following critical elements must be addressed:

I. Theories and Techniques

A. Explain the five steps of the theory of constraints (TOC) process. To what processes might the company in the case study apply TOC? Why would applying TOC to these processes be advantageous?

B. Describe how total quality management (TQM) principles and tools can be used to improve quality in the latest line of products in the context of the case study.

II. Data Analysis

A. Draw a cause-and-effect diagram that assesses why some of the company's supply chain partners might have struggled to implement some of the company's newly developed materials. Summarize your findings from the diagram.

B. Draw a hypothetical process (time-function) map for producing a recently released (within the past two years) product manufactured by the company. As an operations manager, how will you use the value map? Be sure to include your process map within your case study analysis.

C. Considering the data and options below, determine where the company should locate its new manufacturing plant. Explain why this would be the favorable location.

Factor

Weight

Mexico City

Columbia, SC

Political Risk

.25

70

80

Transportation Costs

.20

40

90

Labor Productivity

.20

85

75

Rental Costs

.15

90

55

Labor Costs

.10

80

50

Taxes

.10

90

50

Reference no: EM13854841

Questions Cloud

Decide to expand internationally for various reasons : Companies decide to expand internationally for various reasons (availability of supplies, new markets, lower labor costs, access to finance capital and avoidance of tariffs/import quotas). Provide a real life example of a company expanding internatio..
What is the amount of suspended losses : During the current year, Beth and Bill, who file a joint return, incurred the following items of income and loss: What is their AGI for the year? What is the amount of suspended losses, if any, that may be carried over with respect to each activity?
Increased production of food and clothing : Increased production of food and clothing before the feast and a great day other religious activities must be matched by a comparable increase in the distribution, because consumers require proper production...?
Industries and various positions within organizations : Aging Workforce. Please write this in 2 pages and insights on this topic. Discussion topic. The impact of Social Media including Facebook, Twitter... on HRM. What Social media policies are suitable across generation, industries, and various positions..
Explain the five steps of the theory of constraints : Explain the five steps of the theory of constraints (TOC) process. To what processes might the company in the case study apply TOC? Why would applying TOC to these processes be advantageous
Biologist-anthropologist and life : Word bank: anthropology, triangle, crowds, population, polyglot, man, polygon, anthropoid, autocracy, port, anarchy, illegal, contrary, decimal, decametre, bipedal, century, bicentennial, dictator, polygamy, decimate, credential, generate, genus, geo..
Car production is a constant cost industry : Car production is a constant cost industry (i.e., supply curves are perfectly elastic). Japan can produce cars for $12,000 each; the United States can produce them for $16,000; and Mexico can produce them at a cost of $20,000 each. In the questions b..
Who should pay for scientific-technology research : Who should pay for scientific/technology research? Private Companies, or the US Government? Or both? How should private companies and US government interact on this kind of research?
Controllable and uncontrollable factors of global sourcing : Identify controllable and uncontrollable factors of global sourcing of an aviation or aerospace firm and apply a strategy to manage their global supply chain. [Provide a two-page minimum for your Item 5 response.]

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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