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Factory Physics for Managers: How Leaders Improve Performance in a Post-Lean Six Sigma World
book

Factory Physics for Managers: How Leaders Improve Performance in a Post-Lean Six Sigma World

by Edward S. Pound, Jeffrey H. Bell, Mark L. Spearman
April 2014
Intermediate to advanced content levelIntermediate to advanced
304 pages
10h 1m
English
McGraw-Hill
Content preview from Factory Physics for Managers: How Leaders Improve Performance in a Post-Lean Six Sigma World

CHAPTER 6

Operations Strategy and Planning

As promised, we now have a structure that can be used strategically and quantitatively to determine the most productive operations plan for a business.

OPERATIONS STRATEGY image

That structure involves the following:

1. A value stream/supply chain is composed of demand and transformation.

2. Performance components of transformation are stock and production.

3. Buffers of inventory, capacity, and time are required to synchronize demand and transformation in the presence of variability.

4. Performance boundaries can be determined for stock and production given a mean and variance of replenishment time and demand. ...

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Publisher Resources

ISBN: 9780071822503