1. What are the methods described in The Goal for identifying a bottleneck?
Answer:
Methods described in The Goal for identifying a bottleneck are,
• Looking at all the different resources and then comparing with market demand. The one in which demand is greater than availability is the bottleneck. Thus bottleneck is defined as the resource such that the capacity is equal to, or less than the demand placed on it.
• Using Herby analogy to identify the bottleneck, so bringing experience into count to identify bottleneck.
• Next they realized the parts most frequently in short supply, which were probably the ones were passing through a bottleneck after talking to expeditors.
• Finally found out that the bottleneck would have the largest pile …show more content…
• To ensure that process controls on bottleneck are good so bad parts are not produced.
4. What three measures are useful at the operational level to express the goal and what three common financial measures express the goal to "make money?
Answer: Three measures which are useful at the operational level are,
• Throughput: The rate at which system generates money through sales which is directly relates to variable cost. So identifying the correct machine parts is important which defines the throughput of the complete product.
• Inventory: It is all the money that the system has invested in purchasing things which it intends to sell, so proper planning is necessary so that operating speed should not be decreased so that throughput should not decrease.
• Operational Expense: It is all the money system spends in order to change inventory into throughput. Salaries, rent and various bills are all under operational expense.
Three common financial measures to express the goal to make money are,
• Net Profit: It is described as difference of income and expense, so if the throughput increase, income will increase. And if the operational cost decreases, expense will …show more content…
So overall, in order to achieve the goal financially, one should also have to work on the operational strategy together.
5. When designing an operational process from scratch, which process step(s) should be the bottleneck(s)?
Answer:
The process/steps which defines the limiting resources whether due to the limitation in machinery or due to high expense or inefficient planning. So meeting the demand of the bottleneck resource will achieve the goal, irrespective of the bottleneck resource is done during the beginning or at end. The process should be utilized in such a way that the bottleneck is being used as full capacity. So proper planning and priority of the bottleneck resource are very important.
6. Using the hike analogy, what happens in a plant if the fastest operations are put at the beginning of the production process, the slowest operations are put at the end, and all workers produce at a high efficiency?
Answer:
The following things will happen in a plant if the fastest operations are put at the beginning of the production process, the slowest operations are put at the end, and all workers produce at a high
Answer:
Methods described in The Goal for identifying a bottleneck are,
• Looking at all the different resources and then comparing with market demand. The one in which demand is greater than availability is the bottleneck. Thus bottleneck is defined as the resource such that the capacity is equal to, or less than the demand placed on it.
• Using Herby analogy to identify the bottleneck, so bringing experience into count to identify bottleneck.
• Next they realized the parts most frequently in short supply, which were probably the ones were passing through a bottleneck after talking to expeditors.
• Finally found out that the bottleneck would have the largest pile …show more content…
• To ensure that process controls on bottleneck are good so bad parts are not produced.
4. What three measures are useful at the operational level to express the goal and what three common financial measures express the goal to "make money?
Answer: Three measures which are useful at the operational level are,
• Throughput: The rate at which system generates money through sales which is directly relates to variable cost. So identifying the correct machine parts is important which defines the throughput of the complete product.
• Inventory: It is all the money that the system has invested in purchasing things which it intends to sell, so proper planning is necessary so that operating speed should not be decreased so that throughput should not decrease.
• Operational Expense: It is all the money system spends in order to change inventory into throughput. Salaries, rent and various bills are all under operational expense.
Three common financial measures to express the goal to make money are,
• Net Profit: It is described as difference of income and expense, so if the throughput increase, income will increase. And if the operational cost decreases, expense will …show more content…
So overall, in order to achieve the goal financially, one should also have to work on the operational strategy together.
5. When designing an operational process from scratch, which process step(s) should be the bottleneck(s)?
Answer:
The process/steps which defines the limiting resources whether due to the limitation in machinery or due to high expense or inefficient planning. So meeting the demand of the bottleneck resource will achieve the goal, irrespective of the bottleneck resource is done during the beginning or at end. The process should be utilized in such a way that the bottleneck is being used as full capacity. So proper planning and priority of the bottleneck resource are very important.
6. Using the hike analogy, what happens in a plant if the fastest operations are put at the beginning of the production process, the slowest operations are put at the end, and all workers produce at a high efficiency?
Answer:
The following things will happen in a plant if the fastest operations are put at the beginning of the production process, the slowest operations are put at the end, and all workers produce at a high