Final Exam Calculation Review

Final Exam Calculation Review - FINAL EXAM CALCULATION...

Info iconThis preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon
1 The Eli Broad College of Business, Michigan State University, 2008 FINAL EXAM CALCULATION REVIEW !!!
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 The Eli Broad College of Business, Michigan State University, 2008 Principles of Process Performance Bottlenecks limit capacity. Variability destroys capacity. Structure follows process priorities. Metrics drive the process.
Background image of page 2
3 The Eli Broad College of Business, Michigan State University, 2008 First Component of Benefits: Product Quality First Component of Benefits: Product Quality How can you judge whether a product is a “quality” product? Performance Features Reliability Conformance Durability Support Aesthetics Perceived Quality
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4 The Eli Broad College of Business, Michigan State University, 2008 Understanding Timeliness Timeliness –This describes the degree to which a product is delivered where the customer needs it exactly when the customer needs it, not before or after the customer needs it. Includes aspects of speed and reliability
Background image of page 4
5 The Eli Broad College of Business, Michigan State University, 2008 Gap Analysis Process that Should Exist. Process that Actually Exists. Process that People Think Exists. Process that is Documented. Performance gap Perception gap Communicati on gap Documentation gap 1 st step to improve.
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
6 The Eli Broad College of Business, Michigan State University, 2008 Critical Elements of Process Choice Equipment: Flexibility Staffing and training: Skill level of workers Scheduling and organization of work: Degree of change Product design: Variety of products that can be produced
Background image of page 6
7 The Eli Broad College of Business, Michigan State University, 2008 Job Shop & Batch Process A job shop process structure provides high flexibility to produce a variety of products in limited volumes. Customization tends to be high, although not as high as for projects, while volume per product is fairly low. A batch process structure is essentially a higher volume job shop, in which the same or similar products are produced repetitively. The variety of products in a batch process is significantly lower than in a job shop process.
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
8 The Eli Broad College of Business, Michigan State University, 2008 Line Flow & Continuous Flow Process Line flow processes use dedicated resources to produce high volumes of standardized products. The flow of products is organized around a single (or few) product(s). Continuous flow processes produce high volumes with low flexibility. They work with nondiscrete items that are not divided into their final packages until the very end of production.
Background image of page 8
9 The Eli Broad College of Business, Michigan State University, 2008 Break-Even Analysis Break-even analysis is a basic technique that allows a comparison of total costs for different process alternatives. This technique takes the fixed costs and variable costs and finds the break-even point for which the cost of two or more processes are equal in cost.
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 10
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 08/11/2009 for the course MSC 303 taught by Professor Cooper during the Spring '08 term at Michigan State University.

Page1 / 118

Final Exam Calculation Review - FINAL EXAM CALCULATION...

This preview shows document pages 1 - 10. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online