Saturday, December 21, 2019
Production Operation Management - 1195 Words
  Production  Operations  Management  Session 3-2  More on Processes    1    Outline  ï⠧ Multi-product, multi-flow process analysis  ââ¬â So far: 1 product, 1 flow  ââ¬â Differing process times, yield issues, machine breakdown    ï⠧ Big Takeaway:  ââ¬â Product-mix becomes critical in multiple flows  ââ¬â Implications in capital investment, scaling business, and risk management ï⠧ Calculating capacity when you have  ââ¬â Multiple flows  â⬠¢ With the same processing time at each resource  â⬠¢ With different processing times at a single resource    ââ¬â Yield issues  ââ¬â Machine Breakdown  2    Measure: Implied Utilization  ï⠧ Implied Utilization captures the mismatch between the capacity requested from a resource by demand and the capacity currently available atâ⬠¦show more contentâ⬠¦Processing time: 10 min / unit    10 mins    10 mins    10 mins    10 mins    10 mins    ï⠧ Flow Time (FT) = processing time= 10 mins for all units  ï⠧ Workstation capacity = Flow Rate  = (1/10) units/min*60 mins/hr = 6 units/hr  10    Ex. 2: Capacity with two processing times  ï⠧ Workstation makes two products  ââ¬â Product 1 processing time 10 min / unit  ââ¬â Product 2 processing time 12 min / unit    10 mins    10 mins    10 mins    12 mins    ï⠧ Product mix is 3:1, i.e. (3/4)th of the output is Product 1 and  (1/4)th of the output is Product 2  ï⠧ What is the capacity of the workstation?  11    Ex. 2: Capacity with two processing times  ï⠧ PT1=10 mins/unit  ï⠧ PT2=12 mins/unit  ï⠧ Think of a ââ¬Å"typicalâ⬠ unit:  ââ¬â Weighted average of FT1 and FT2  = (3/4)*10+(1/4)12=10.5 mins/unit  ââ¬â NOTE THIS RELIES ON DEMAND MIX    ï⠧ Capacity of Resource  = (1/10.5)*60min/hr = 5.71 units/hr  Same as capacity of process because only one resource  12    Ex. 2 (Alternate way)  ï⠧ An alternate method is to consider time to make a cycle, i.e. 3 units of product 1 and one unit of product  2  ââ¬â Total Processing Time for a cycle = 3*10 + 1*12 = 42 mins  (seeShow MoreRelatedProduction Of Production And Operation Management1415 Words à  |à  6 PagesPRODUCTION  OPERATION MANAGEMENT  The focus of any business is to provide needs of customer by providing military and supplies, and in this procedure generate value for customers and solve their trouble. Production and operations management talks about applying big business association and management concepts in formation of supplies and military (1).  PRODUCT: A product is defined as the thing offered for deal. A product can be a facility or an item. It can be material or in virtual form. Every productRead MoreProduction and Operation Management864 Words à  |à  4 PagesProduction and Operation Management  Cheng Guoping    Chapter 1  Introduction  1. Production System  2. Production and operations in the organization  3. Function and jobs of POM  4. Decision Making in POM  5. The emergence of production and operation management    1. 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Production and Operations Management concernsRead MoreProduction and Operations Management1511 Words à  |à  7 PagesBBA ââ¬â 305  PRODUCTION  OPERATION  MANAGEMENT    Model  Questions based on Previous years Question Papers    UNIT ââ¬â I    Qs. 1 : Explain the importance of Production  Operation Management in current             scenario. Why it has become an integral part of Business Education ? State             with examples.                                                             [BBA-IP: Dec. 2011]    Qs. 2 : Operation Management is becoming a very important subject in Business             Education in the last fewRead MoreOperation and Production Management3104 Words à  |à  13 Pagesin process create value for customers and solve their problems. Production and operations management talks about applying business organization and management concepts in creation of goods and services.    1.1. PRODUCT    Though many authors define the product with Consumer orientation, it is better for us to deal with different angles, because it will be helpful for us to understand the subject of production and Operation Management.  (i) For a Consumer: The product is a combination of or optimalRead MoreImportance Of Production And Operations Management2317 Words à  |à  10 Pagesimpact on the production and operation of enterprises. In order to remain competitive, companies in different countries have different factors of competitive advantage. A clear competitive advantage is the key to gain success in production and operation management. An effective operations management is the foundation of enterprise competitive advantage and the fundamental guarantee to realize corporate strategy. This essay deals with the importance of production and operations management in the enterpriseRead MoreProduction And Operations Management : A Product Is Defined As The Thing Offered For Deal1782 Words à  |à  8 PagesThe focus of any business is to provide needs of customer by providing military and supplies, and in this procedure generate value for customers and solve their trouble. Production and operations management talks a   bout applying big business association and management concepts in formation of supplies and military (1).  PRODUCT: A product is defined as the thing offered for deal. A product can be a facility or an item. It can be material or in virtual form. Every product is made with some particularRead MoreProduction And Operations Management : Production Management Essay941 Words à  |à  4 Pagesused in the production/operations subsystem of the organization into value added product/services in a controlled manner as per the policies of the organization, is the definition of Production/operations management. Consequently, it is that part of an organization, this part is involved in the transformation of a range of inputs, like men, material, machines, information and capital, into the required (products/services), with the requisite quality level. The group of correlated management activitiesRead MoreProductions and Operations Management737 Words à  |à  3 PagesProductions and Operations Management I  The three categories of statistical quality control  The three categories of SQC include the traditional statistical tools, acceptance sampling, and statistical process control (SPC). Traditional statistical tools are descriptive statistics like the mean and range, used to describe qualitative characteristics. Acceptance sampling is a process of taking a random sample or portion of a batch and deciding whether to accept or reject the whole batch. SPC is aRead MoreOperations Management : Production Management1657 Words à  |à  7 Pages Operations management is the art of knowledge that ensures that services and goods are produced and distributed successfully to customers. Operations management key objective is maximize efficiency while producing and effectively fulfilling customer needs. In this novel the operations management team is struggling to make this plant a profitable plant so it will not be shut down. Alex is wondering why is that he cannot produce quality products and respond to customer needs at a faster pace considerably    
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