Insight into Operations

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Business Finance

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Insight into Operations 1. What is the meaning of “Holistic Approach”? Provide an example when improvement of our section of an organization can result in damage for the whole company 2. Provide a summary of the problem encountered in the “steel” industry. 3. Describe the V, A, T and I type of operations. 4. Why is there a conflict underlying every problematic policy/measurement? 5. Explain the operations conflict? (Note: In constraints management conflict is also known as a “cloud”.) 6. What is the importance of “assumptions” in eliminating a conflict? 7. Is it wasteful o have a resource standing idle? Why or why not? 8. What is the difference between activating and utilizing a resource? 9. Explain the following: a. An hour lost on a bottleneck is an hour lost for the entire system b. Nonbottleneck resources should not be judged according to their own efficiencies 10. What is the “Roadrunner rule”? 11. Drum-Buffer-Rope a. What is a drum? What is its purpose? b. What is the buffer? What is its purpose? c. What is a rope? What is its purpose? 12. Explain why sometimes bottleneck wander. 13. How can you identify a constraint? 14. How do you decide the size of the buffer? 15. How do you determine when to release material (the rope)? 16. What is Buffer Management? How can it be used to determine when to expedite? What should you do if you are expediting too much? 17. What is the role of buffer management to determine improvements? 18. What are the benefits of Buffer Management? K:\2006\Sirias\Insight into Operations.doc
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