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Current Event Analysis Due Oct. 24 (11:55 p.m. CST)
Students will submit a 2 - 4 page paper summarizing a current
event pertaining to information and content being discussed in
credible news outlets that reference and impact international
business. The assignment will adhere to the 7th edition of APA
format and must be scholarly written. Remember assignments
will be graded on content and proper format. The assignment
should not exceed 4 pages. Title and reference pages are not
included in the page count of the paper.
JWI 550: Operational Excellence
Assignment 1
© Strayer University. All Rights Reserved. This document
contains Strayer University confidential and proprietary
information and may not be copied,
further distributed, or otherwise disclosed, in whole or in part,
without the expressed written permission of Strayer University.
This document is subject
to change based on the needs of the class.
550 Assignment 1 (1208) Page 1 of 4
Operations Management Project Part A: Value Stream Mapping
and Analysis
Due: Sunday, midnight of Week 3 (20% of course grade)
Overview
A core tool in Operational Excellence is Value Stream Mapping.
This tool helps stakeholders visualize
complex work systems (including material and information
flows) and address disconnects, redundancies,
and gaps in how work gets done between the beginning and end
of a value stream or end-to-end process.
• The primary type of value stream is one in which a product or
service is requested by, and delivered
to, an external customer. Examples include request to receipt,
order to delivery, and quote to cash.
• Other value streams which support the delivery of value are
called value-enabling or support
value streams. Examples include recruiting, onboarding, IT
support, and annual budgeting.
Since it is nearly always a mistake to initiate changes without
have a clear picture of how the system is
currently functioning, we are beginning our Course Project with
the creation and analysis of a Value Stream
Map.
Instructions
For this assignment, select a value stream in your organization
that can benefit from analysis and
improvement. As noted previously, the value stream (or end-to-
end process) selected does not need to be
overly large or complex. Select something which has the
potential for meaningful improvement, but which is
manageable within the scope of this assignment.
1) Develop a current state Value Stream Map of your selected
value stream. Show the customer demand
rate (or Takt), information flow, work flow, and summary
timeline on the map.
2) Document key metrics for each process block:
• Process Time (PT)
• Lead Time (LT)
• Percent Complete and Accurate (%C&A)
• Any other appropriate metrics, such as number of operators,
changeover time or setup time, batch
size, and % uptime.
3) Calculate the current state summary metrics:
• Total lead time (Total LT)
• Total process time (Total PT)
• Activity Ratio (AR)
• Rolled Percent Complete and Accurate (Rolled %C&A)
JWI 550: Operational Excellence
Assignment 1
© Strayer University. All Rights Reserved. This document
contains Strayer University confidential and proprietary
information and may not be copied,
further distributed, or otherwise disclosed, in whole or in part,
without the expressed written permission of Strayer University.
This document is subject
to change based on the needs of the class.
550 Assignment 1 (1208) Page 2 of 4
4) Describe the current state of the value stream and highlight
any performance deficiencies and challenges,
such as delays, excessive WIP, bottlenecks, capacity and
workload imbalances, rework, poor quality
yields, long lead times, and other operational issues.
Submission Requirements
Your work may be submitted in either Word or PowerPoint.
• Since you will need to include a diagram to map the value
stream for #1, you should select whatever
software you are most comfortable working with. The Value
Stream Map can easily be created in
PowerPoint (see the symbols and template provided by the
instructor), or neatly drawn by hand.
You may also use software such as Visio. In all cases, please
scan or convert your map to a PDF or
JPG, and paste it into Word or PPT before submitting.
• For #2, the information for each process block should be on
the value stream map. For #3, it can be
on the map or in tabular form. Show how the summary metrics
are calculated. Keep your written
answers brief and to the point. Accuracy is what matters. This
should take no more than one page.
There are no additional points for overly elaborate responses.
• For #4, a thorough response with specifics should take no
more than one page. As you discuss
improvement opportunities, mention and make specific
reference to the Value Stream Map, including
names of process blocks and performance metrics.
JWI 550: Operational Excellence
Assignment 1
© Strayer University. All Rights Reserved. This document
contains Strayer University confidential and proprietary
information and may not be copied,
further distributed, or otherwise disclosed, in whole or in part,
without the expressed written permission of Strayer University.
This document is subject
to change based on the needs of the class.
550 Assignment 1 (1208) Page 3 of 4
RUBRIC: Part A
CRITERIA Unsatisfactory Low Pass Pass High Pass Honors
Develop a current state
Value Stream Map of your
selected value stream
Show the customer
demand rate (or Takt),
information flow, work
flow, and summary
timeline on the map.
Weight: 25%
No Value
Stream Map
included and/or
incomplete or
inaccurate use
of mapping
conventions or
symbols.
Value Stream
Map shows the
basics of the
work flow and
process blocks.
Value Stream
Map shows
information flow,
work flow, and
process blocks.
Value Stream
Map shows
customer
demand rate (or
Takt),
information flow,
work flow, and
process blocks.
Value Stream
Map gives a
complete,
detailed, and
accurate picture
of the current
state, showing
customer
demand rate (or
Takt),
information flow,
work flow, and
summary
timeline.
Document key metrics for
each process block:
• Process Time (PT)
• Lead Time (LT)
• Percent Complete and
Accurate (%C&A)
Include any other
appropriate metrics such
as number of operators,
changeover time or setup
time, batch size, and %
uptime.
Weight: 25%
No key metrics
included and/or
metrics are
incorrect.
At least one key
metric
documented for
all process
blocks.
At least 2 key
metrics
calculated and
documented
correctly for all
process blocks.
All key metrics
calculated and
documented
correctly for all
process blocks.
All key metrics
calculated and
documented
correctly for all
process blocks,
and relevant
additional
metrics are
included.
Calculate the current state
summary metrics:
• Total Lead Time (Total
LT)
• Total Process Time
(Total PT)
• Activity Ratio (AR)
• Rolled Percent
Complete and Accurate
(Rolled %C&A)
Weight: 25%
No key metrics
are calculated
correctly.
At least one key
metric is
calculated
correctly.
At least 2 key
metrics are
calculated
correctly.
3 key metrics
are calculated
correctly
All 4 key metrics
are calculated
correctly.
JWI 550: Operational Excellence
Assignment 1
© Strayer University. All Rights Reserved. This document
contains Strayer University confidential and proprietary
information and may not be copied,
further distributed, or otherwise disclosed, in whole or in part,
without the expressed written permission of Strayer University.
This document is subject
to change based on the needs of the class.
550 Assignment 1 (1208) Page 4 of 4
Describe the current state
of the value stream and
highlight any performance
deficiencies and
challenges - such as
delays, excessive WIP,
bottlenecks, capacity and
workload imbalances,
rework, poor yields,
quality, lead time, and
other operational issues
Weight: 25%
Description of
the current state
of the value
stream is
missing or
lacking accurate
details.
Describes the
current state of
the value
stream, but
without
sufficient detail.
Satisfactory
description of
the current state
of the value
stream, with
sufficient detail.
Complete,
correct, and
accurate
description of
the current state
of the value
stream, with
good use of
relevant metrics
and
performance
levels.
Exemplary
description of
the current state
of the value
stream, with
excellent use of
relevant metrics
and
performance
levels.
Operations Management Project Part A: Value Stream Mapping
and AnalysisInstructionsSubmission RequirementsRUBRIC:
Part A
Comprehension and Application Rubric
N =
Excellent (3)
Acceptable (2)
Unacceptable (1)
Criteria
Connections to Experience
Connects relevant experience and academic knowledge.
n =
% =
n =
% =
n =
% =
Connections to Discipline
Sees (makes) connections across disciplines, perspectives
n =
% =
n =
% =
n =
% =
Transfer
Adapts and applies skills, abilities, theories, or methodologies
gained in one situation to new situations.
n =
% =
n =
% =
n =
% =
Integrated Communication
n =
% =
n =
% =
n =
% =
Reflection and Self-Assessment
Demonstrates a developing sense of self as a learner, building
on prior experiences to respond to new and challenging contexts
(may be evident in self-assessment, reflective, or creative work)
n =
% =
n =
% =
n =
% =
Totals:
n =
% =
n =
% =
n =
% =
Rubric Key:
Excellent
3
Acceptable
2
Unacceptable
1
[removed]

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Current Event Analysis Due Oct. 24 (1155 p.m. CST)Students will.docx

  • 1. Current Event Analysis Due Oct. 24 (11:55 p.m. CST) Students will submit a 2 - 4 page paper summarizing a current event pertaining to information and content being discussed in credible news outlets that reference and impact international business. The assignment will adhere to the 7th edition of APA format and must be scholarly written. Remember assignments will be graded on content and proper format. The assignment should not exceed 4 pages. Title and reference pages are not included in the page count of the paper. JWI 550: Operational Excellence Assignment 1 © Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class. 550 Assignment 1 (1208) Page 1 of 4 Operations Management Project Part A: Value Stream Mapping and Analysis Due: Sunday, midnight of Week 3 (20% of course grade)
  • 2. Overview A core tool in Operational Excellence is Value Stream Mapping. This tool helps stakeholders visualize complex work systems (including material and information flows) and address disconnects, redundancies, and gaps in how work gets done between the beginning and end of a value stream or end-to-end process. • The primary type of value stream is one in which a product or service is requested by, and delivered to, an external customer. Examples include request to receipt, order to delivery, and quote to cash. • Other value streams which support the delivery of value are called value-enabling or support value streams. Examples include recruiting, onboarding, IT support, and annual budgeting. Since it is nearly always a mistake to initiate changes without have a clear picture of how the system is currently functioning, we are beginning our Course Project with the creation and analysis of a Value Stream Map. Instructions For this assignment, select a value stream in your organization
  • 3. that can benefit from analysis and improvement. As noted previously, the value stream (or end-to- end process) selected does not need to be overly large or complex. Select something which has the potential for meaningful improvement, but which is manageable within the scope of this assignment. 1) Develop a current state Value Stream Map of your selected value stream. Show the customer demand rate (or Takt), information flow, work flow, and summary timeline on the map. 2) Document key metrics for each process block: • Process Time (PT) • Lead Time (LT) • Percent Complete and Accurate (%C&A) • Any other appropriate metrics, such as number of operators, changeover time or setup time, batch size, and % uptime. 3) Calculate the current state summary metrics: • Total lead time (Total LT) • Total process time (Total PT) • Activity Ratio (AR) • Rolled Percent Complete and Accurate (Rolled %C&A) JWI 550: Operational Excellence Assignment 1
  • 4. © Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class. 550 Assignment 1 (1208) Page 2 of 4 4) Describe the current state of the value stream and highlight any performance deficiencies and challenges, such as delays, excessive WIP, bottlenecks, capacity and workload imbalances, rework, poor quality yields, long lead times, and other operational issues. Submission Requirements Your work may be submitted in either Word or PowerPoint. • Since you will need to include a diagram to map the value stream for #1, you should select whatever software you are most comfortable working with. The Value Stream Map can easily be created in PowerPoint (see the symbols and template provided by the instructor), or neatly drawn by hand. You may also use software such as Visio. In all cases, please scan or convert your map to a PDF or
  • 5. JPG, and paste it into Word or PPT before submitting. • For #2, the information for each process block should be on the value stream map. For #3, it can be on the map or in tabular form. Show how the summary metrics are calculated. Keep your written answers brief and to the point. Accuracy is what matters. This should take no more than one page. There are no additional points for overly elaborate responses. • For #4, a thorough response with specifics should take no more than one page. As you discuss improvement opportunities, mention and make specific reference to the Value Stream Map, including names of process blocks and performance metrics. JWI 550: Operational Excellence Assignment 1 © Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class. 550 Assignment 1 (1208) Page 3 of 4
  • 6. RUBRIC: Part A CRITERIA Unsatisfactory Low Pass Pass High Pass Honors Develop a current state Value Stream Map of your selected value stream Show the customer demand rate (or Takt), information flow, work flow, and summary timeline on the map. Weight: 25% No Value Stream Map included and/or incomplete or inaccurate use of mapping conventions or symbols. Value Stream Map shows the basics of the work flow and process blocks.
  • 7. Value Stream Map shows information flow, work flow, and process blocks. Value Stream Map shows customer demand rate (or Takt), information flow, work flow, and process blocks. Value Stream Map gives a complete, detailed, and accurate picture of the current state, showing customer demand rate (or Takt), information flow, work flow, and summary timeline. Document key metrics for each process block: • Process Time (PT)
  • 8. • Lead Time (LT) • Percent Complete and Accurate (%C&A) Include any other appropriate metrics such as number of operators, changeover time or setup time, batch size, and % uptime. Weight: 25% No key metrics included and/or metrics are incorrect. At least one key metric documented for all process blocks. At least 2 key metrics calculated and documented correctly for all process blocks. All key metrics calculated and
  • 9. documented correctly for all process blocks. All key metrics calculated and documented correctly for all process blocks, and relevant additional metrics are included. Calculate the current state summary metrics: • Total Lead Time (Total LT) • Total Process Time (Total PT) • Activity Ratio (AR) • Rolled Percent Complete and Accurate (Rolled %C&A) Weight: 25% No key metrics are calculated correctly.
  • 10. At least one key metric is calculated correctly. At least 2 key metrics are calculated correctly. 3 key metrics are calculated correctly All 4 key metrics are calculated correctly. JWI 550: Operational Excellence Assignment 1 © Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class. 550 Assignment 1 (1208) Page 4 of 4
  • 11. Describe the current state of the value stream and highlight any performance deficiencies and challenges - such as delays, excessive WIP, bottlenecks, capacity and workload imbalances, rework, poor yields, quality, lead time, and other operational issues Weight: 25% Description of the current state of the value stream is missing or lacking accurate details. Describes the current state of the value stream, but without sufficient detail. Satisfactory description of the current state
  • 12. of the value stream, with sufficient detail. Complete, correct, and accurate description of the current state of the value stream, with good use of relevant metrics and performance levels. Exemplary description of the current state of the value stream, with excellent use of relevant metrics and performance levels. Operations Management Project Part A: Value Stream Mapping and AnalysisInstructionsSubmission RequirementsRUBRIC: Part A Comprehension and Application Rubric
  • 13. N = Excellent (3) Acceptable (2) Unacceptable (1) Criteria Connections to Experience Connects relevant experience and academic knowledge. n = % = n = % = n = % = Connections to Discipline Sees (makes) connections across disciplines, perspectives n = % = n = % = n = % = Transfer Adapts and applies skills, abilities, theories, or methodologies gained in one situation to new situations.
  • 14. n = % = n = % = n = % = Integrated Communication n = % = n = % = n = % = Reflection and Self-Assessment Demonstrates a developing sense of self as a learner, building on prior experiences to respond to new and challenging contexts (may be evident in self-assessment, reflective, or creative work) n = % = n = % = n = % = Totals: n =
  • 15. % = n = % = n = % = Rubric Key: Excellent 3 Acceptable 2 Unacceptable 1 [removed]