Reference no: EM132810358
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?
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Similarities and differences of the purchasing strategy
: Defines the similarities and differences of the purchasing strategy you will use at each stage of the Product Life Cycle of your company's specific product
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Financial devastation among organizations
: Why do you then consider that Leveson is able to demonstrate that history is replete with accidents leading to financial devastation among organizations?
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Executive compensation on acutal performance
: Business week says 'firms should base executive compensation on acutal performance, rather than on the company's stock price.
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Risk management plan outline
: Describes the project's background and general requirements (SCOPE), which must include pre-scheduled milestones, cost constraints, and quality requirements.
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Lean systems
: The advent of new technologies and the impact of globalization. How does just-in-time (JIT) inventory control help organizations become leaner?
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Regional labor costs
: Obtain data for the labor cost in any one state from a government Web site that provides labor statistics.
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Improve the performance of operation
: Clearly and completely explain how a Left Hand Right Hand Chart can be used to improve the Performance of an operation.
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Safety considerations
: As a primary benchmark, benefits must outweigh any negative consequences.
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Create strategic plan
: What are the elements needed to create a strategic plan, and what are the benefits of each?
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