Mgt 5208 supply chain management
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This is a case study Petersons Company that faced steadily decline of profit for continuous few years. The presentation has stated the issues faced by company throughout the years and recommendations of the problems.
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This document discusses strategic capacity planning for products and services. It defines key capacity planning terms like design capacity, effective capacity, and actual output. It discusses factors that determine effective capacity such as facilities, products, processes, human factors, and external factors. The document outlines the capacity planning process, including estimating future capacity needs, evaluating existing capacity, identifying alternatives, and implementing solutions. It also discusses challenges in planning service capacity and tools for analysis like cost-volume analysis and financial analysis.
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Capacity planning is the process of determining a company's production capacity needs to meet changing product demands. The goal is to minimize the discrepancy between organizational capacity and customer demands, which results in inefficiency. Capacity can be increased through new techniques, equipment, additional workers or machines, or more shifts. Capacity planning involves determining whether to lead, lag, or match capacity increases to anticipated demand changes. The strategy chosen depends on factors like demand certainty and expansion costs.
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Just-in-Time (JIT) Manufacturing is a philosophy of continuous improvement that emphasizes prevention over correction and demands company-wide quality focus. It originated in post-World War II Japan to address declining market share in automobiles. The key principles of JIT include total quality management, production management using a pull system with reduced inventories, close supplier relationships, and human resource management promoting problem-solving and employee empowerment.
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Silicone impression materials were developed in 1954 as an alternative to polysulfide materials. They polymerize by an addition reaction and are available in various consistencies from heavy to light. Silicone impressions are hydrophobic but hydrophilic varieties were later introduced. They are accurate, dimensionally stable, and resistant to disinfection but are more expensive than other elastomers. Common brands of addition-cure silicone materials include Permalastic, Co-Flex, Affinis Micro, Affinis Putty, and President Putty.
Elastic impression materials
Elastic impression materials include alginate, elastomers like polysulfides and polyethers, and addition and condensation silicone materials. They are capable of accurately reproducing both hard and soft oral structures. Elastic materials are advantageous over rigid materials for use in cases with undercuts. Elastic materials are classified as reversible or irreversible hydrocolloids and elastomeric materials. Agar is a reversible hydrocolloid extracted from seaweed that forms gels through secondary bonds that break and re-form with temperature changes. It requires specialized equipment and techniques for manipulation but provides accurate impressions.
Impression materials 1
Agar is a reversible hydrocolloid impression material that exists as a gel. It is composed mainly of agar polymer dispersed in water. Agar undergoes a physical gelation reaction where it transitions from a sol to a gel based on temperature changes. The gelation temperature allows it to be introduced into the mouth as a sol and removed as a gel without causing thermal injury to tissues. However, agar has poor dimensional stability due to its aqueous composition. Special equipment is required to heat and condition agar for manipulation.
elastomeric Impression DENTAL material
Elastomeric impression materials include polysulfide, condensation silicone, addition silicone, and polyether rubbers. They set via polymerization reactions, with setting times of 8-12 minutes on average. Polysulfide and condensation silicone set via condensation reactions producing water or alcohol as byproducts, while addition silicone and polyether set via addition reactions without byproducts. Polysulfide has the highest detail reproduction but all materials exhibit some polymerization shrinkage. Materials are available in light, medium, heavy or putty consistencies for use with stock or custom trays. Proper manipulation is required for accurate impressions.
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Operations management deals with managing the transformation of inputs into outputs through production systems. It involves decisions related to capacity, facilities, workflow, quality, and production systems. Operations management has shifted focus from cost reduction to value creation. Key decisions include selecting production systems, product and process design, technology selection, and resource allocation. Developing an effective operations strategy is important to support the organization's overall corporate strategy through competitive priorities like cost, quality, time, and flexibility.
Impact of IT on Lean production
The document discusses how lean production techniques can be enhanced through the use of information technology (IT). It covers how IT has been applied to areas like production planning, computer-aided production management systems, enterprise resource planning, and advanced plant maintenance to support lean practices. The document also discusses internal and external IT integration, and how "pull" systems can help reduce lead times when order information is transmitted through the supply chain using IT.
Impact of IT on Lean production
The document discusses how lean production techniques can be enhanced through the use of information technology (IT). It covers how IT has been applied in areas like production planning, computer-aided production management systems, enterprise resource planning, and advanced plant maintenance to support lean practices. The document also discusses pull and push systems and how internal and external IT integration helps facilitate lean goals like reducing lot sizes and lead times.
JIT & Lean Manufacturing - ADDVALUE - Nilesh Arora
Know about Just-In-Time and Lean manufacturing system. Find benefits and difference between JIT and Lean Manufacturing by Nilesh Arora, a founder of AddValue Consulting Inc.
Lean Manufacturing
This document provides an introduction to Lean principles, methodology, tools and terminology. It discusses what Lean is, its history and key principles. Lean is a way to pursue value and eliminate waste from daily processes. This results in lower costs, reduced cycle times, fewer defects, improved customer satisfaction and employee morale. The document outlines various Lean concepts and tools, including the eight wastes, 5S, visual management, Kaizen (continuous improvement), standard work and mistake-proofing. It emphasizes identifying value, mapping value streams, establishing flow and pull, and seeking perfection through eliminating waste.
Use of IT in Lean production
Four important topics where IT is used are:
Lean reduction
Production logistics
Computer-aided production management systems
Advanced plant maintenance
are studied.
Implementation of Business Process Reengineering in Thermax Ltd.
Implementation of Business Process Reengineering in Thermax Ltd. to achieve dramatic improvements in critical, contemporary measures of performance such as cost, quality, service and speed by the fundamental rethinking and radical redesign of business processes
Business Process Reengineering
This document provides an overview of business process reengineering (BPR). It discusses BPR as fundamentally rethinking and redesigning processes to dramatically improve performance metrics like cost, quality and speed. Six key principles of BPR are outlined, along with the typical steps of selecting processes and teams, understanding the current process, developing a new vision, identifying an action plan, and executing that plan. Phases of a BPR project and examples of organizations that have implemented BPR are also summarized.
lean manufacturing.ppt cost profit accounts
Lean manufacturing is a way to eliminate waste and improve efficiency. It focuses on minimizing muda, or waste, including excess inventory, unnecessary motion, defects, and overproduction. Lean originated from the Toyota Production System, which aimed to reduce costs through practices like just-in-time production and continuous improvement. The key aspects of lean are identifying value-added steps and removing waste, ensuring smooth workflow, using pull systems between processes, and engaging employees in continuous improvement.
Ch8 controlling class 12 business studies
Controlling ensures that organizational activities are performed according to plans and resources are used efficiently to achieve goals. The controlling process involves setting standards, measuring actual performance, comparing to standards, analyzing deviations, and taking corrective actions. Traditional controlling techniques include personal observation, statistical reports, break-even analysis, and budget control. Modern techniques include return on investment, ratio analysis, responsibility accounting, management information systems, PERT/CPM, and management audits. Controlling is an essential function for accomplishing organizational goals, evaluating standards, and motivating employees.
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Mgt 5208 supply chain management
- 2. • Stock turnover low (1.2 per annum) • High inventory holding cost • High facility cost • Working capital not efficient/ not fully utilised.
- 3. • Implement new system such as Just-in-time (JIT) Reduce storage cost Reduce facility cost • Implement total quality control (TQM) prevent default goods
- 4. Company Structure & Poor Management
- 5. Recommendations: • Provide training to company’s employees • Hire new management team • Reorganized the company structure
- 7. Recommendations: • Built new connections with different suppliers • Communication within the company and suppliers
- 9. • Investment on :- – Computer Aided Design (CAD) – Plant & Equipment – New Manufacturing Technology • Outsourcing
- 11. • Research & Development (R&D) • Build up Customer Relationship Management • Information Sharing