Premium Essay

Production Performance of the Existing Equipment

In:

Submitted By JasmineTopno
Words 552
Pages 3
msm clckwckmfc wc wc s sklcmwdofnmwmcskcsxlc,womcwmcslx sxxkcmldddddddddddddkjdmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmCovers the history of portfolio planning at CIBA-GEIGY, a leading Swiss chemical and pharmaceutical company, beginning with the introduction of the process in the mid-1980s. The discussion extends to the application of portfolio planning techniques to a specific investment proposal: the comprehensive modernization of a plant dedicated to the production of high-quality specialty pigmeEXAMPLE: The development of SMEs in the Eastern European countries during the first years of the transition period was difficult and they had to take of work as long as it brought money into a company. The subsequent rapid growth also offered multiple opportunities and the companies made full use of them. Thus, over 70% of Bulgarian companies, for example, had a portfolio that wasn´t related to a defined business strategy and vision for long term development, and its structure reflected the market situation.
However, to stay competitive, small companies in all EU countries have had to re-think and optimize their activities; they have to search for new opportunities for their development. That is why they are being forced to create or update their strategy for the future development of the business, based on the prevailing conditions.
The assessment of the products and services, offered by the company, is very important when defining the vision for the future company development. It is of decisive significance for the correct portfolio building and its successful management.

Part of the questions you have to answer, in order to make a successful selection and build a product portfolio that is stronger compared to the individual products or services and that has long term market

Similar Documents

Free Essay

Total Productive Management

...team-based effort to build quality into equipment and to improve overall equipment effectiveness • Total • all employees are involved • it aims to eliminate all accidents, defects and breakdowns • Productive • actions are performed while production goes on • troubles for production are minimized • Maintenance • keep in good condition • repair, clean, lubricate 1. TPM definition (2) • TPM combines the traditionally American practice of preventive maintenance with Total Quality Control and Total Employee Involvement, to create a culture where operators develop ownership of their equipment, and become full partners with Maintenance, Engineering and Management to assure equipment operates properly everyday. 2. Origins of TPM • Dr. Deming introduced statistical analysis and used the resulting data to control quality during manufacturing (TQM) • Some general concepts of TQM did not work well in the maintenance environment • The need to go further than preventive maintenance was quickly recognized by those companies who were committed to TQM • Maintenance became an integral part of TQM in the early 90’s 3. TPM principles • Increase Overall Equipment Effectiveness (OEE) • Improve existing planned maintenance systems • The operator is the best condition monitor • Provide training to upgrade operations and maintenance skills • Involve everyone and utilize cross-functional teamwork Autonomous Maintenance Planned Maintenance Equipment and process improvement Early...

Words: 1740 - Pages: 7

Premium Essay

Job Resposibilities

...IE Job Description / Responsibility A Well Reputed 100% Export Oriented Group Sr. Manager/ Manager - Planning (Bottom Division) Job Description / Responsibility * Line loading in Fast React. * Lead a team of Planners. * Target fixing based on capacity factor & efficiency or other parameters. * Monitor & plan Sewing production to meet the shipment requirement of the Company. * To follow up production target of the line wise production plan. * Make Time & Action Plan to have hard look on daily progress report & co-ordinate accordingly. * Monitoring the Daily production Reports with updated figure to know the production at a glance. * Prepare daily problem report & action plan against the problem, take proper step to solve them. * Any other task assigned by management Fakir Fashion Ltd. Sr. Manager (IPE) Job Description / Responsibility * Responsible for planning, developing and implementing allover IE & WS activities in all departments. * Setting IE team and ensuring that the targets are achieved. * Review the current policies and improve plans to improve upon the existing standards. * Setting up and maintaining controls and documentation procedures. * Prepare operation bulletin machine / line layout. * Do method / Motion / Time study in line for each style. * Capacity study of line for setting standards targets and line balancing. * Monitor the productivity and efficiency report. * Train the...

Words: 1007 - Pages: 5

Premium Essay

Hank Kolb

...people working in it. Greasex, which is a specialized degreasing solvent packed in a spray can, is one of the major products of this company. Hank Kolb was hired as a director of quality assurance. A problem occurred with the new filling equipment in the previous week and some of the cans were pressurized beyond the upper specification limit. If we analyze the main problems in the plant, the fundamental problem is management. There is a lack of cooperation between departments and the management seems to be insufficient to satisfy integration of these departments. There are also some serious problems in the production, design and inspection of the Greasex. Below is the list of these problems in detail: 1. The plant has a poor quality attitude. Quality department isn’t taken seriously by production people. We can understand this from the behavior of the foreman. Wayne Simmons vented the products without even consulting any inspector or employee of the quality department. 2. Operators for the filling equipment are not trained enough to run the equipment. As it is mentioned in the text, operators were transferred from a different department only two weeks ago without any experience. 3. Filling equipment was not designed for the production of Greasex. Therefore the machines are needed to be adjusted and repaired to fit the manufacturing. With respect to this requirement, twelve work orders were placed in the last six months. 4. The plastic nozzle heads purchased from out...

Words: 1386 - Pages: 6

Premium Essay

Chad Thomas Operation Management Case

...improvement, managing production and project, managing and scheduling resources and quality control. It is exciting to have the business expansion and increasing sales in order to gain profit. However, in this case, Chad’s Creative Concept does not have the capability to meet the soaring customer demand. Thus, identifying the company’s capability and production bottleneck are most important and must be considering at first. Secondly, design new processes to optimize the firm’s capability and maximize the production level thereby to shorten the lead time in order to lower inventory warehouse and handling cost. The third, project production plans in monthly, weekly and daily basis. The next, since the company’s resources are limited, therefore, Chad must make decisions on managing and scheduling the limited materials, equipment, other facilities and human resources. Allocate resources effectively to optimize the production process. Finally, to be best serve and satisfy customers, avoid defected products from the mass production process, the performance and quality control must be tracking. In addition, Chad might to think about to hire more staffs and rent a cheaper warehouse to handle the current problems. Over the long run, Chad must make visionary corporation strategy and the following production strategy. Maintaining the company’s existing capabilities and develop new capabilities to best serve customers. Expand the business by hiring another production team to concentrate...

Words: 657 - Pages: 3

Free Essay

Performance Lawn Equipment

...a number of questions and provide feedback. Part (b) Individual report (30%) in week 9 - You will then need to use the feedback provided accordingly to improve your work and present it individually. It is expected that each student work independently on all the tasks set out in this assignment, applying problem solving strategies and selecting appropriate techniques in data analysis in order to produce an individual report according to the guidelines provided. This individual work must be your own work only with no consultation with others. The individual report must not exceed 2,000 words. Those reports that exceed the similarity index of 25% produced by Turnitin, can only achieve a maximum grade of E. Assignment Title: “Performance Lawn Equipment” Issue date: Week One: Monday 19/10/2015 Submission due date: Week 7: 07/12/2015 Week 9: Friday 08/01/2016: A single report per student should be submitted via the TURNITIN link in the Assessment folder. Assignment must not be e-mailed under any circumstances. Unit co-ordinator’s name: C F Shooshtarian Core learning outcomes | | On completion of this unit you should be able to: | Assessment number | 1 | Investigate and analyse a variety of problems and data sets in the context of different analytics to develop insights in order to support management decision making. | 1 | | | 2 | | | | 2 | Apply statistical and mathematical technique to find solutions to analysis conducted using suitable software. | 1...

Words: 2194 - Pages: 9

Premium Essay

Lean Manufacturing Analysis

...Lean is the concept which starts from removing waste [1]. Lean Production is the practice of mass production in which work is completed in minimum time, in a smaller space, with very few workers, with less equipment, and yet achieves highest level of quality in final product [2]. Since the evolution of Toyota Production System in 1950s [2], the lean movement has been widely accepted in automobile industry. However, acceptance of lean technology in the process industries (steel sector) have been much slower [3]-[4]. For removing the obstacles like resource complexity, the idea of the point of discretization for the process industry has been explained by Abdulmalek et al. (2006). This notion is based on the fact that in production flow route...

Words: 773 - Pages: 4

Premium Essay

Coors' Balanced Scorecard

...business strategies or “six planks” are overall well aligned with the company’s vision statement. Coors key business strategies, baseline growth, incremental growth, product quality, distributor service, productivity gains and people can be associated to Coors’ vision to focus on continuing to build upon its existing foundation by improving quality, service, boosting profitability and developing employee skills. The emphasis on improving quality and service should increase Coors’ products’ popularity, which in theory should lead to baseline growth of its key brands and should increase its chances to incrementally grow in potential markets, channels and make its baseline and new brands more attractive to a diverse number of demographics. A key strategy that I would like to address separately because I find it imperative to the long term success of any business is its investment in its people, and this encompasses its employees and communities where it conducts business. Coors’ vision statement to continue developing employee skills and to be a valued neighbor in its communities is well aligned with its business strategy of continuing to improve its business performance by engaging and developing its people. As you can see, Coors’ vision statement is very well aligned with its business strategies. Coors chances of successfully employing the concept of the balanced scorecard significantly increases by having a well aligned set of business strategies with its vision statement...

Words: 1619 - Pages: 7

Premium Essay

Unit 2

...P1 Describe the recruitment documentation used in a selected business If East ham shipping decides on hiring employees they have to initially advertise this vacancy. There can be a number of ways to advertise this vacancy out of the many a few may be newspaper, posters, website, web adverts and existing employees. Hypothetically if we say the vacancy is for a cashier in that case the recruitment process would be a lot quicker. The advert should state the job description and should specify the duties the position holds. It should also state the educational qualification and skills they require in the applicant. After the vacancy has been advertised interested applicants will send their cv to the given address which will state their name educational qualification work experience career objective and expectation personal skills a personal statement. On approval of the CV’s the preferred candidates will be notified by the employer for an interview. This is the part were the employer gets to meet up the candidates face to face and have a conversation with them and choose the best fitting person for the vacancy. Upon approval of a candidate an appointment letter will be given to him which will state his probation period, salary amount, increment percentage etc. P2 Describe the main employability personal and communication skills required when applying for a specific job role? JOB ROLE: ware house Cargo handling operative Job description: if you enjoy physical work and want to...

Words: 2270 - Pages: 10

Free Essay

Optimization in Production Operations

...Optimization in Production Operations Optimal “Lean Operations” in Manufacturing By Carlos W. Moreno © 2005-06 Ultramax Corporation Oct. 5, 2006 Introduction This essay deals with production / manufacturing operations: with their economic impact (or other metrics) while making product with the existing process, usually driven to satisfy: • market demand (delivered: volume, quality) • • economics (incurred: cost savings, resource utilization); and safety (safeguarding equipment, personnel and environment) These drivers represent the main impact of production on company profits, with short-term and long-term effects on the P&L Statement. The bottom line is that most production processes are underutilized; and the use of mature, accessible mathematical technology unlocks that latent capacity, which is of significant value. The best possible performance is “Optimal Operations.” In the process industry it is called “Process Optimization.” In manufacturing it is the extreme of Lean Operations, one of the components of “Lean Manufacturing” success. Other components that qualify for “lean” in the sense of avoiding waste (non-value-added), and not missing opportunities for improvements are: “Lean Design” (the most common emphasis today), “Lean Logistics – and Supply Chain,” “Lean Maintenance,” “Lean Scheduling,” “Lean Safety,” and “Lean Scheduling.” Some share interests with Six Sigma as well (quality and costs). All these solutions are also part of the classical field of Industrial...

Words: 3433 - Pages: 14

Premium Essay

Business Operations

...internal aspect of the company it describes the percentage of possible output that is actually achieved. Efficiency helps organisation performances by increasing productivity when organisations increase in productivity is shows that the businesses are properly managing their business resources. There are different types of productivity which are total productivity which equals its total output/ total input and the partial productivity which equals its total output/its unit of a single resource used. It is also divided into four main types which are the equipment productivity which is the number of units per machine hour/miles flown per aeroplane. The labour productivity which is number of units made per person/tonnes produces per shift and orders shipped per hour worked. The capital productivity is the number of units made for each pound of investments over the sales per unit capital and then the energy productivity is the number of units made per electricity. Also productivity can also be measured through the increase in workers as well labour, also through in the increase of machinery and materials and all of this measure of efficiency to meet company aims and goals. The labour and equipment efficiency or productivity are the type of measures that used to reduce of the waste of time. The increase in both labour and provision of more equipments leads to the increase in productivity for companies to meet their goals which include increase in sales and profit of the business...

Words: 2871 - Pages: 12

Premium Essay

Preliminary Business Report

...company. Based upon the report their will be some recommendation for the company in order to improve their business Table of Contents 1. Business process management (BPM) and strategy 4 2. Problem Analysis 5 Fig 2.1 Project scoping diagram 6 3. Proposed solution 6 Fig 3.1: As is diagram 7 3.2 To be diagram 8 4. Solution considerations: 9 Fig 4.1 modified organization chart 10 4.2 What changes to be made? 10 4.3 How to do it 11 4.4 Common areas of cost 11 5. Recommendations 12 6. References 13 1. Business process management (BPM) and strategy BPM is a way to connect and integrate all the business processes in such a way so as to determine the additional performance improvement. While some might refer it to as an analysis of the value chain.(Singh 2012) All these will helps the Cullen creative cooking Pty Ltd to manage their problems and to achieve the goals .A company that adopts BPM gets its advantage in many ways: This will reduce the cycle time to make and deliver new products which will ultimately improve the customer service. Also, provides the information which will help the company in taking better decisions. With the introduction...

Words: 2427 - Pages: 10

Premium Essay

Platinum Box Ltd

...13 Executive Summary Platinum Box Ltd. is at a strategic juncture; it has enjoyed a phase of consistent growth over the last few years, and built on this growth, is planning to expand operations to take advantage of new markets in the USA. Critically, the equipment (printing presses) that have enabled Platinum’s growth and success are approaching the end of their life-cycles, as evident in doubling of their maintenance costs over the last two years. If this equipment is not replaced in the near future, Platinum cannot expect to expand production or to effectively push into new markets. There are three potential suppliers available to Platinum to replace the existing machinery; JabaKing, the existing supplier, who enjoys a very close strategic relationship with Platinum, Merakuri – a supplier out of South Korea who offers cutting edge technology, and Pnutype – a relatively new supplier in the market who offers preferable financing options, service and superior technology. In order to arrive at a decision on choice of supplier (or mix of suppliers) I, Jared John Hicza (Procurement Manager) have taken the approach of a Total Cost Analysis, which explores all costs associated with the purchase of the equipment in addition to examining which option might bests meet the strategic business needs of Platinum, while best mitigating the inherent risks to the business – like lost productivity due to reliability issues. Examining the total cost of ownership presents a better...

Words: 2742 - Pages: 11

Premium Essay

Ashraf Silk and General Mills

...HUMAN RESOURCING: A MOMENTOUS INGREDIENT DICTATING ORGANIZATIONAL BEHAVIOUR In October 2002, after a recent departure of two trainee employees, problems in human resourcing were re-asserted. The current events in the organization were not adequate to sustain the workers and hence not ensuring an organizational behavior leading to substantial success. My paper will be consisting of two parts. In the first part, I will be weighing the existing conditions & their repercussions. The first part will be highlighting three crucial aspects. While in the second part I will be formulating a transformation in the organizational strategy assisting to resolute the contemporary problems. STATUS QUO AT ASGM Organization configuration & dynamics responsible for achievements till now Ashraf Silk and General Mills had been a family oriented business since the start. Being initiated in 1951 and till 2002 it has been led by one of the Khawajas. They have been observing a ‘Paternalistic’ or ‘Benevolent Autocracy’ style of operational management. Decision making is centralized at the top & the employees are not involved in planning and decision making. The behavior of the management is decent and kind towards the workers and they expect employees to be loyal, sub-servant, compliant and co-operative to management. It was observed that they let the option of expansion at current place go for the reason that it would complexity the operations due to larger work force and the unions involved...

Words: 1751 - Pages: 8

Premium Essay

Unit 30: New Product Development in Food

...UNIT 30: NEW PRODUCT DEVELOPMENT IN FOOD Get assignment help for this unit at assignmenthelpuk@yahoo.com LO1 Be able to develop a new or modify an existing food or beverage product Design: concept research; small-scale development; corporate development programmes; costing; specification manual; presentation methods; food stabilisers; food enhancers; trend analysis; consumer reactions; timescales for development; risk assessment Legislation: concerns eg food labelling, additives, food safety, risk analysis [HACCP] Influences: types eg food fashions, globalisation, ethnic cookery influences, vegetarian and healthy eating concepts https://www.blogger.com/blogger.g?blogID=5649485182751853952#editor/target=post;postID=821891962334217847 LO2 Understand issues of large-scale food production Production: project design and management; product quality and saleability Packaging: role of packaging in demand and acceptance; technological developments; materials; environmental issues; distribution channels Equipment: appliances and their versatility; new equipment requirements; staff training; operating procedures Technology systems: types eg testing and evaluation equipment, analysis software and hardware, temperature controls and recording, storage monitoring, stock rotation systems LO3 Be able to investigate food quality using subjective and objective tests Subjective tests: tests eg taste, colour, texture, smell, flavour, overall acceptability. Objective tests: physical; chemical;...

Words: 749 - Pages: 3

Premium Essay

Lean Manufacturing

...2003 www.epa.gov/ innovation/lean.htm Lean Manufacturing and the Environment: Research on Advanced Manufacturing Systems and the Environment and Recommendations for Leveraging Better Environmental Performance ACKNOWLEDGMENTS This report was prepared for the U.S. Environmental Protection Agency's Office of Solid Waste and Emergency Response (OSWER) and Office of Policy, Economics, and Innovation (OPEI). Ross & Associates Environmental Consulting, Ltd. prepared this report for U.S. EPA under contract to Industrial Economics, Inc. (U.S. EPA Contract # 68-D9-9018). DISCLAIMER The observations articulated in this report and its appendices represent Ross & Associates’ interpretation of the research, case study information, and interviews with lean experts and do not necessarily represent the opinions of the organizations or lean experts interviewed or researched as part of this effort. U.S. Environmental Protection Agency (EPA) representatives have reviewed and approved this report, but this does not necessarily constitute EPA endorsement of the observations or recommendations presented in this report. Lean Manufacturing and the Environment: Research on Advanced Manufacturing Systems and the Environment and Recommendations for Leveraging Better Environmental Performance Table of Contents Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 I. Introduction . . . . . ....

Words: 33834 - Pages: 136