In today’s age of technological advancement, use of portable electronic devices has become a staple in our personal and professional lives. Seattle startup company JikoPower, seeks to utilize the most fundamental of energy sources, fire, to allow for charging of these devices in the absence of electric power. JikoPower is currently working on a product named “The Spark,” that serves as a thermoelectric generator, capturing and converting excess heat from campfires or stoves into electricity. This captured electricity can be used to charge USB devices such as cell phones, batteries, and LED lights. While the main objective of any company is generation of revenue, the company has altruistic motivations as well, marketing the device for use …show more content…
Proper employment of operations management tools and techniques should help ensure the success of “The Spark,” and hopefully establish the company within an international marketplace. At this junction, the product design phase has been completed, although continuous improvement and lean manufacturing principles must be utilized. Using these principles will ensure that the company focuses on customer needs and delivers the desired product in a timely manner with greater profitability for the company by reduction of waste and minimization of input costs.
Standardization makes possible the interchangeability of parts among products, resulting in higher-volume production and purchasing, lower investment in inventory, easier purchasing and material handling, fewer quality inspections, and fewer difficulties in production (Russell & Taylor).
Standardization or modular design of manufacturing processes and supply chain will be crucial considerations to the sustainability of the company. As consumer demand grows, the CEO will no longer be able to oversee production of all products. In this case, JikoPower will want to consider third-way sourcing, which is placing personnel, equipment, or technology in supplier plants to oversee production and ensure quality standards are met (Russell & Taylor). Adopting standardization practices will contribute to optimizing
Subsequently Riordan Manufacturing proposes to have higher levels of inventory that allows them in effectively forecasting models for inventory control, production, planning, improving supply chain, and guaranteeing deliveries of Riordan products. Creating a new process design essentially caters for the new supply and demand of Riordan products. Using lean production can help Riordan Manufacturing minimize waste from raw material toward the finished product. Because of the elevated demand for the product, production needs increase (Chase, Jacobs, & Aquilano 2006).
Chase, R. B., Jacobs, F. R., Aquilano, N.J. Operations management for competitive advantage (11th ed). New York: McGraw Hill/Irwin.
Brewer and Associates, LLC is a full-service certified roofing and building contractor that is located in Oklahoma City, Oklahoma. Brewer and Associates, LLC possesses more than ten years of experience in all aspects of the roofing trade. This roofing and building contractor specializes in roofing, construction, renovation, and restoration. Brewer and Associates, LLC is an expert in residential services as well as commercial services. Their residential specialties include construction, guttering, insulation, residential roofing, remodeling, and siding. Their commercial expertise includes commercial roofing and commercial windows and doors. Brewer and Associates, LLC furnishes emergency services. The residential roofing services they render
Firstly standardization ensure compatibility between products and their complements (other products used with them). Example- PCs with software. The economic benefits here is reducing the products
Every company will focus on supplying a service, product, or both. How and where the product is made plays a crucial role in the company’s success. In order to help visualize how the products are made process maps are formatted. These process maps can help to identify areas that need improvement. In order to implement improvement, process development will be implemented. The form of good that a company supplies is also important and to ensure that the best product is distributed product development is conducted. Target Corporation is a complex company, which provides consumers with their necessities.
Operations management is defined as the design, execution, and control of operations that convert resources into desired goods and services, while implementing an organizations business strategy (Business Dictionary, 2015). Office Depot Inc. is one such organization that truly understands that solid operations is the foundation to the success they have had in recent years. In this paper, I will give the history and background of Office Depot Inc. and explain why they have been able to keep such a competitive advantage in the consumer and small business supply industry. Additionally, I will
Lean is defines the manufacturing philosophy that reduces the time between the shipping and customer demand, which based on the systematic method by eliminating waste, that means giving the customer what they want when they want it, and don 't waste whatever. Rahmana, Sharif and Esa (2013) suggested lean production is mentioned to improve the company 's performance from the philosophy in reducing waste in order. That means, lean system destination is the decrease cost by removing the non-value activities, which they are applying a category of tools and techniques for checking and eliminating defective in the production process. In the Evenort Company should emulate the five overriding principles of lean thinking in terms of implementing lean that there is guarantee the company has been driving correctly in the lean manufacturing (Cardiff 2015) as can show in table 1.
$1,618,000 + $583,000 = $2,201,000 which is higher than the total in Problem 6.5 ($2,187,000).
Bright Light Innovations has a top management team made up of students and faculty from Colorado State University’s Colleges of Business and Engineering. The management team has developed a product known as the Starlight Stove. This stove was developed in hopes to improve the overall quality of life for less fortunate people. The management team wishes to address the everyday consumer needs for safe cooking and electricity. The Starlight Stove requires less biomass fuel and also has the ability to convert heat from the stove into electricity. This new feature gives everyday people the opportunity to enjoy safe cooking and electricity at an affordable price. The management team
Operations management refers to all operations and activities within the organization responsible for the creation of goods and services that the organization passes to its customers. The main activities of operation management include managing purchases, quality control, inventory control, storage and logistics and a great deal of focus is on efficiency and effectiveness of such a process (slack et al, 2010). This is an essay on Zara (a fashion retailer) and how its approach to operation management makes it a successful company.
This analysis delves into the company’s operation management principles to interpret its successful strategies and offer future recommendations.
Dean Hammond can implement JIT techniques that seek to eliminate the significant amount of waste that exists in his current operational processes. Basically, there are seven wastes to be considered as obstacles in the lean system. It consists of over production, wasting time, transportation, process, inventory, motion, and defectives. As a result of implementing this concept, it will arrange a better-valued chain and create a solid base of production.
The case study illustrates the challenges met by a newly established company i.e. Rio Bravo IV in a high performance and quality demanding Industry. It shows how the best operations management strategy is important and how customer focus is a key feature in the success of an organization. We also see how building the right team for the right job will be key in the success of projects in today’s result oriented world.
Yakka Tech Corporation (YTC) based in Washington and Oregon is an information technology (IT)) service firm, has 1,500 employees but is suffering a cancer. Is the tumor malignant or benign? Yakka Tech is built around installing and upgrading both software and hardware for clients but also has a customer service center that has seen calls double over the past several years. Focusing on the customer service centers, with four contact centers, each one consisting of six departments and these departments are centered around functional specializations. Each department has up to two dozen employees focusing on computer systems, storage systems, software, billings, and intranet infrastructure. However, their ability to handle calls and provide the customers’ needs has suffered because of the corporations’ business structure. Walking through a customer’s problem shows deep institutional problems with structure and employee motivation.
Employees pay structure was revamped which focused on incentive for product innovation and creativity. Alteration from fragmented system to modularized system resulted in proper utilization of injection molding operations and the manufacturing plants were relocated to low costs of locations. Hypothesis driven method was used to change and improve the processes. Customer oriented philosophy was endorsed which was based on feedback from the customer base. Company’s brand ambassadors participated in conventions across the world to discuss about product innovation. The sourcing was more strategic by starting pilot programed focus on the cost rationalization of company’s raw materials. The distribution channels were moved closer to customers and companys marketing worked in conjunction with biggest retailers which aided in joint forecasting and product