The manufacturing firm situated in Japan is a batch producer of products with a world class quality where their operations were fundamentally different from the final stage assembly line. They had reached a point where they had no additional capacity to meet the rising demand. To overcome this inefficiency and to satisfy the growing demand, Dr. Youngman and his team implemented the Theory of Constraints approach into the organization. They used a production simulator among all management units…
Corporate Social Responsibility: As a leader in the toy industry, Mattel failed to fulfill its corporate social responsibility and meet the legitimate concerns of society. In the business world, corporations should be responsible for all of stakeholders, including the shareholders, customers, and the society. Thus, the best social responsibility is to create shared value for society and the business (Hitt, Black, and Porter 51). Product safety is imperative when it comes to toys for kids.…
The goal of most companies is to meet the wants and needs of their customers while providing a stable work environment and remaining profitable. These core objectives, which are generally included in the company’s strategic plan, can only be achieved with a high-quality operations management system. “Operations management is the management of processes that create goods and/or services,” (Stevenson, 2009, p. 4) and is the engine that keeps a company running. The scope of operations…
Fig. 1.1 Time line of lean six sigma 1.2 Literature Review: A lot of existing literature review articles are accessible on the standalone ways of lean methodology and Six Sigma methodology, however accessibility in the coordinated structure is in rare supply. Still a few endeavors have been made by the researchers in the past to arrange and recreate the current situation of LSS. Assarlind et al.[8]studied about the literature analysis of multi faceted view on LSS application. . They also…
Adaptation and resilience Adaptation is sometimes used as an explanation of how good quality of life is maintained in old age. In the Berlin Ageing Study, it is described in terms of selection, compensation and optimization. According to this theory, in old age, better quality of life can be achieved by trimming down activities, goals or domains of functioning to those which are most salient to one's life (selection); replacing losses with alternatives to achieve goals (compensation); and…
Printmaking is an art form that involves the creation of a master piece of artwork from which multiple images are made. These prints are considered original works of art even though they can exist in multiples. This art is one of the oldest forms of art in the world. Historically, printmaking was used to spread religious ideas or images. The process originated in China at around 105 A.D. but it did not gain more use in Europe until around the mid-15th century. Printmaking today is practiced as…
BPP’s Organizational Analysis 1. Mission and Vision: “The Bloomington Playwrights Project (BPP) strives to be a leading artistic force in the production and encouragement of new plays. The BPP provides opportunities for development, education, and production for promising and established writers and theater artists in a professional environment.” Values: “We are an advocate for playwrights and new plays and believe firmly that they are not only important but absolutely vital to the future of…
decades this had been a success that made a major demand for greater knowledge about lean thinking. Because of the lean thinking which is spreading everywhere throughout the world is now the leaders are also learning the tools and principles beyond manufacturing (Lean Enterprise Institute). According to author Wrye, through the book called “The Hitchhiker’s Guide to Lean” by Andy and Jamie talk about the 5 lean principles. The five lean principles are observing work, agreement to what and…
Writing Assignment A3B We made a team and had a interview with Wang Xiaofei, the chairman of South Beauty, one of the largest chain restaurant corporation in China. This is a family enterprise, which is owed by Wang Xiaofei’s mother, Zhang Lan. South beauty attracted Chinese media’s eyes in 2010 as Wang Xiaofei got married with a famous Chinese actress. Since that, it expanded its business to Tai Wan. As far as I know, operating chain restaurants in china is very hard due to the competition.…
accelerate profitable growth for the company as well as serve the society. Eric Ortman, Supply Chain Executive with GE Oil & Gas noted, “Ecoimagination is pointed at increasing environmental responsibility in both products in the field and manufacturing processes”. Eric further explained that to support the strategy, “the company measures GHG (greenhouse gasses emissions) footprint reduction in factories, and considers product safety in design practices”. Healthymagination: GE’s…