MGT 333 Study Guide - Midterm Guide: Lead Time, Production Planning, Computer Monitor
Document Summary
Assemble = final product (several steps needed to accomplish an objective) An operation system: manufacturing, health industry, emergency room, clinic (primary & specialists, sales, management customers pipeline, university, registration. Main characteristics is that touch time is short compared to actual lead time (most lead time is waiting). Lead time: waiting for a doctor to see you in the. Increasing the efficiency of all resources will optimize the system as a whole. Theory of constraints (constraints management) main principle: constrained by very few variables: the performance of an organization is. Ex: water flowing through pipes gravity fed. In a clinic, it can be the physician. In a restaurant, it can be the kitchen/cook. Step 3: subordinate everything else to the decision made in step 2. Step 2: decide how to exploit the system"s. Step 4: elevate the system"s constraint become the system"s primary constraint.
