Unit 2 Stock Control And Lean Management Essay

Submitted By Rohantaneja561G
Words: 499
Pages: 2
Open Document
Unit 2 stock control and lean management

Lean production/management:
Cost reduction
Maintaining a high efficiency
7 deadly sins of lean production/management
Avoid overproduction
Eliminate waiting times
Avoid errors
Avoid inefficient processes
Reduce transports
Lower stocks
Avoid unnecessary movements
Lean production/management is a Japanese approach to management that focuses on cutting out waste, whilst ensuring quality. This approach can be applied to all aspects of a business- from design, through production to distribution.
Most important aspects of lean production are as follows:
Kaizen (continuous improvement)
Just in time production (JIT)
Cell production
Total quality management (TQM) and zero defect production
Kaizen or continuous improvement
Is a policy of constantly introducing small incremental changes in a business in order to improve quality or efficiency.

This approach assumes that employees are the best people to identify room for improvement, since they see the processes in action all the time.

A firm that uses this approach therefore has to have a culture that encourages and rewards employees.

Kaizen can operate at the level of an individual, or through Kaizen groups or quality circles which are groups specifically brought together to identify potential improvements.
Negatives of Kaizen…
Employees can find this to be an unwelcome pressure, as it becomes increasingly difficult to find further scope for improvement.

For kaizen to be effective there has to be trust within staff and managers a good two way communication

Asking employees to come up with suggestions

Just in time (JIT)

Just in time is a pull system of production, so actual orders provide a signal for when a product should be manufactured. JIT enables a firm to produce only what is required by the customer, in the correct quantity, at the correct time, at correct quality and at the shortest lead time.
Advantages of JIT
1. Lower stock holding means a reduction in storage space which saves rent and insurance costs

2. There is less likelihood of
Show More

Related Documents: Unit 2 Stock Control And Lean Management Essay

Operations management Essay

Operations strategy 1.1 Introduction Operations: the processes by which companies manufacture and distribute products and / or services to their customers. Operations management: dealing with such processes can be configured properly in order to successfully meet the requirements and needs of the market. Any decision taken in this area is extremely important and impactful for the enterprise (strategic framework) as the operations represent the "core" of any organization. Given the importance…

Words 6381 - Pages 26

Case Study-Duraweld Essay

1. List the 5S and compare to the lean implementation at Duraweld. If there are differences, explain them. The ‘5S’ principles which originated from Japanese terms of seiri (sort), seiton (set in order), seiso (shine), seiketsu (standardize) and shitsuke (sustain) are used to create efficient, clean and well organised working environment. Sort – refers to ensuring that each item in a workplace is in its proper place or identified as unnecessary and removed. When “sorting” is well implemented, communication…

Words 2060 - Pages 9

Lean Manufacturing and Steelcase Essay

which teach us a lot about operations management. It has a fascinating history about how a small company became a world class manufacturing company with high and low volumes products along with variability in their products. Operations Performance: Identify and explain as many tools/metrics as possible that Steelcase uses to measure, control and improve operational performance. Be sure to explain what "action" results from the tool/metric that leads to control or improvement of the operation. Steel…

Words 2783 - Pages 12

Operationa Management-Supply Chain Essay

organizations largest cost therefore implementing a strategy that effectively minimizes costs while maintaining product quality is an effective way to increase profits.! ! The best way to minimize costs and maximize product quality is to adopt a lean operations strategy that includes just in time (JIT) initiatives. Central to the JIT technique is continuous problem solving. JIT requires that items and materials are ordered only when needed minimizing inventory. When inventory is minimized wasted…

Words 2887 - Pages 12

Quadrant: Lean Manufacturing and House Essay

informs Vol. 34, No. 6, November–December 2004, pp. 442–450 issn 0092-2102 eissn 1526-551X 04 3406 0442 ® doi 10.1287/inte.1040.0108 © 2004 INFORMS Quadrant Homes Applies Lean Concepts in a Project Environment Karen A. Brown University of Washington Bothell, Campus Box 358533, 18115 Campus Way NE, Bothell, Washington 98011-8246, kab@u.washington.edu Thomas G. Schmitt School of Business, University of Washington Seattle, Campus Box 353225, Seattle, Washington 98195, glennsch@u…

Words 6371 - Pages 26

Essay on cisco risk

Executive summary .............................................. 4 2. Issue identification .................................................. 5 1. Challenge & Issues ............................................... 5 3. Alternatives & Options: .......................................... 6 4. Recommendations ................................................... 9 5. Implementation of strategies & results: .................. 9 6. Monitor & Control: ............................................... 10 7. Lessons…

Words 1797 - Pages 8

Management and Production Essay

Chapter 6 operations management functions Operation management- management of resources to achieve efficient output of goods and services Capacity planning- operations decision concerned with the quantity of goods or services to be produced Capacity- volume or potential ability to produce a certain amount of product Operations- a series of procedures and processes undertaken in order to create outputs Outputs- transformed inputs that are returned to the external environment as products…

Words 2370 - Pages 10

Essay on MBO specimen exam answers

b)You will have covered this in the assignment (for one organisation). There are plenty of examples in the book that illustrate how each objective can mean different things to different types of operations e.g. banks, airlines, car manufacturers. 2. a) (See chapter 5 of the book) Manufacturing process types are project, job, batch, mass, continuous. Service process types are professional, service shop, mass service. Need to discuss the characteristics of each type and the relationship to volume…

Words 2711 - Pages 11

Essay on Ops final study guise

direction for carrying out the actual operations. Strategic operations decision comes from senior management, are focused on long-term aspects of the firm, and generally have a broad scope with a low level of detail. These types of decisions include product design, choice of location, choice of technology, and new facilities. Tactical operations decisions usually occur at middle management positions and are focused on more moderate time frames. The scope of the decision is moderate, as is the…

Words 3629 - Pages 15

Annual Report Accounting 100 Essay

factors that may affect the business in the future. This section gives the reader a sense of the current status of the company as well as what to expect in the future. Part two of the report identifies consolidated financial data that includes company stock information and the payment of dividends. The value of the business and the possibility of return on investments can be derived from the information in this section. This section also includes historic financial information. Part three includes a detailed…

Words 723 - Pages 3