My topic for this project is Lean Management. I chose this topic because lean management can be applied to all kinds of industries today; whether a manufacturing firm or healthcare or service industry. Let me run you through some useful information related to it.
What Is Lean Management?
Lean Management is basically a modus operandi in which the company gradually looks at refining the products or the workplace and its processes by applying techniques of continuous improvement. The main idea is to analyze all the steps required in a process and try to get rid of those which do not contribute majorly to the value from a customer’s point of view. Lean Management or Lean Thinking is a concept extracted from Lean Manufacturing which was originally
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Depending on that, the value is decided which in turn generates the cost of the product/service. A Descending order of the costing approach helps a company understand how much a customer is ready to pay for specific features or services. All waste is to be eliminated in this principle for gaining profit.
2] The Value Stream: A product’s life cycle starts from the time raw material is extracted from the earth to the time when it is discarded by the customer. A comprehensive study of this value stream can help the company point out where the waste is being generated and this can be a hard process.
3] Flow: Directly linked to elimination of waste. If a process is not continuous, it may lead to the accumulation of waste and wastage of time. Fully synchronized and carefully designed flow which ensures that production is continuous will generate more value to the customer.
4] Pull: Make-to-order. Only start production after an order has been placed. This will ensure no stocking of products unnecessarily and continuous flow on the assembly line. However, to attain this the cycle time of production, design and delivery should be short and the company will require greater flexibility in order to fulfil customer’s demands.
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Knowing the value which a customer holds true, identifying and eliminating wastes from wherever necessary, assuring continuous flow and responding quickly to customer demands can help the company achieve Perfection.
Tools of Lean Management
Following are the 6 most important tools which are applied by majority of the manufacturing firms: 5S, Cellular Manufacturing, Continuous Improvement, Automation with Human Intelligence, Total Productive Maintenance, Total Quality Management. 5S has been described in detail in this report.
5S – Sort, Straighten, Shine, Standardize, Sustain
Sort: Sorting refers to identifying the wanted and unwanted materials and eliminating the unnecessary things or items. Analyzing the products with reference to their cost and segregating items by pasting a Red Tag on them so that they can be disposed off later. [5] All this needs to be done under skilled
consistent operational outcome of manufacturing facilities. The 5S system consists of “sort”, “straighten”, “shine”, “standardize” and “sustain”. Every production line in Macfood Services has own a team of HHP that consists of production line manager, executive, QA and maintenance engineer. I was assigned under production Line 6 and Line 7 HHP team.
- working with working staff to set up strategies, models and frameworks. - Setting client administration measures & assuring that the current standards satisfy the customers & helps retaining them. • Coordinating with the workers themselves can help effectively in setting appropriate models for the procedures & systems because they are the ones who interact directly with raw materials and producing the products, so they would know better if anything in manufacturing needs improvement or so. • It is important to satisfy the current customers in different possible ways in order to retain them which eventually leads in attracting more customers as well.
After doing research for this assignment, it helped me to understand that, first various teams and organizations run and do things differently from one another. It showed the variety of positions and the responsibilities that each one holds. It gave me a more defined insight of the corporate structure of the
• Finance: Depending on how much the customised solution costs The benefits of each of the products/services to the user
To begin with, the lean methodology is one that is applicable to all industries, regardless of the present systems and approaches towards management (Tsironis & Psychogios, 2016). Therefore, the major decision is to proceed with the implementation of the lean and other improvement processes, even though it should take different approaches. When considering the challenges noted, most of them emerge from the reactions and actions of the
Business Name: Dymocks Booksellers Dymocks is the leading bookseller in Australia and is recognised for quality advice, value for money, professionalism and customer service. Dymocks has been franchising for over 30 years and would like to secure the vacant store in the shopping centre. Dymocks’ mission statement is “As a family owned business and the oldest Australian owned bookstore, Dymocks prides itself on meeting the leisure, learning and gift needs of all booklovers by offering superior customer service and an enhanced book buying experience.” Legal Structure Legal structure of a business determines who shares in the profit and losses, how tax is paid and where legal liability rests. The legal structure of Dymocks will be a sole trader.
What types of marketing strategies is chick-fil-A following? The type of strategy that the founder and CEO S. Truett Cathy developed for Chick-Fil-A was a target marketing strategy. The reason is because S. Truett Cathy focused on building the companies and other strategies that he used around his Christianity beliefs. Chick-Fil-A also made sure that every employ focused on delivering the best service they could to every customer that they served.
In summary, only a small amount of waste is produced and it can be reduced even
Lean Manufacturing Pros Lean manufacturing aims to eliminate most if not all forms of waste. Many experts claim that by implementing lean manufacturing techniques and strategies reduce the manufacturing time. As manufacturing lead time is lowered, it is the hope that the operational costs incurred from the use of energy will also be significantly reduced. Lean manufacturing helps companies maintain and increase their profits and earning. It also helps them generate a little more savings as the costs are lower.
Case management is a process that ensures that you are provided with whatever services you may need in a coordinated, effective, and efficient manner,FIntagliata, 1981 as cited in Frankel & Gelman (2012).Treatment is structured to ensure smooth transitions to the next level of care, avoid gaps in service, and respond rapidly to the threat of relapse. Assessment, planning, linkage, monitoring, and advocacy are the functions that comprise case management. Case management has 8 principles. The first is to offer you a single point of contact with the health and social services systems.
Marketing Management Project PROJECT OUTLINE: Choose one company which has a turnaround in the past and one company which failed in the past. Discuss each company’s marketing strategy and reasons for their success or failure. Marketing Strategy Failure: Gap Inc. How Gap turned into Crap! What went wrong?
This is the comparison of the benefits offered by a company's product to its customers relative to the price it asks customers to pay. To do this, companies can influence the value proposition in one of two ways mainly. This can be done through long term brand building. They can also offer a relatively low cost to enhance value. Ultimately, the key is that customers perceive that the product's merits exceedingly justify its price.
• Helps to track an improve time to deliver the products to
TASK 1.1 Importance of operation management Operations management (OM) is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a company’s goods and services. Because operations management is a management function, it involves managing people, equipment, technology, information, and all the other resources needed in the production of goods and services. Operations management is the central core function of every company. This is true regardless of the size of the company, the industry it is in, whether it is manufacturing or service, or is for-profit or not-for-profit.
1. Introduction – Importance of Principle of Management (PMG) – Relate with case study – Overview of the content Introduction The purpose of this section is to discuss the importance of management principles, and the impact on each organisation. Principles of management are generally termed as the act of planning, organising and controlling the operations of the basic element of people, materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives.