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    Business Environment Changes in The Past Twenty Years

    Uploaded by

    LowFunctioningSociopath
    The document discusses several new tools and approaches for business managers: 1) Just-in-Time systems focus on receiving customer orders and completing products just in time for shipment, with receiving materials just in time for production. 2) Total Quality Management emphasizes employee involvement, continuous improvement, and checking how the business is doing. 3) Process Reengineering aims to simplify and speed up processes while reducing costs and errors by redesigning steps to focus only on adding value. 4) The Theory of Constraints looks to identify and remove restrictions that impede objectives.

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    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd

    Business Environment Changes in The Past Twenty Years

    Uploaded by

    LowFunctioningSociopath
    50 views8 pages
    The document discusses several new tools and approaches for business managers: 1) Just-in-Time systems focus on receiving customer orders and completing products just in time for shipment, with receiving materials just in time for production. 2) Total Quality Management emphasizes employee involvement, continuous improvement, and checking how the business is doing. 3) Process Reengineering aims to simplify and speed up processes while reducing costs and errors by redesigning steps to focus only on adding value. 4) The Theory of Constraints looks to identify and remove restrictions that impede objectives.

    Original Description:

    accounting

    Original Title

    012

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    The document discusses several new tools and approaches for business managers: 1) Just-in-Time systems focus on receiving customer orders and completing products just in time for shipment, with receiving materials just in time for production. 2) Total Quality Management emphasizes employee involvement, continuous improvement, and checking how the business is doing. 3) Process Reengineering aims to simplify and speed up processes while reducing costs and errors by redesigning steps to focus only on adding value. 4) The Theory of Constraints looks to identify and remove restrictions that impede objectives.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    50 views8 pages

    Business Environment Changes in The Past Twenty Years

    Uploaded by

    LowFunctioningSociopath
    The document discusses several new tools and approaches for business managers: 1) Just-in-Time systems focus on receiving customer orders and completing products just in time for shipment, with receiving materials just in time for production. 2) Total Quality Management emphasizes employee involvement, continuous improvement, and checking how the business is doing. 3) Process Reengineering aims to simplify and speed up processes while reducing costs and errors by redesigning steps to focus only on adding value. 4) The Theory of Constraints looks to identify and remove restrictions that impede objectives.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 8

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    The Changing Business Page


    Click
    Here

    Environment

    A more competitive
    environment emphasizing:
    Higher quality products
    Lower prices and costs
    Business environment
    Global competition
    changes in the past
    twenty years Meeting and anticipating
    customer needs
    Next

    The Changing Page


    Click
    Here

    Business Environment

    New tools for


    managers!

    Just-In-Time
    Total Quality Management
    Process Reengineering
    Theory of Constraints
    Next
    Page

    Just-in-Time (JIT) Systems


    Click
    Here

    Receive
    customer Complete products
    orders. just in time to
    ship customers.

    Schedule
    production.

    Receive materials Complete parts


    just in time for just in time for
    production. assembly into products.
    Next

    Key Elements for a Page


    Click
    Here

    Successful JIT System


    Zero
    Zero production
    production
    Improved
    Improved defects
    defects
    plant
    plant layout
    layout

    Reduced
    Reduced Flexible
    Flexible
    setup
    setuptime
    time workforce
    workforce

    JIT
    JIT purchasing
    purchasing
    Fewer,
    Fewer, but
    but more
    more ultra-reliable
    ultra-reliable suppliers.
    suppliers.
    Frequent
    Frequent JIT
    JIT deliveries
    deliveries in
    in small
    small lots.
    lots.
    Defect-free
    Defect-free supplier
    supplier deliveries.
    deliveries.
    Next
    Page

    Benefits of a JIT System


    Click
    Here

    Reduced
    Reduced
    inventory
    inventory Greater
    Greater
    costs
    costs customer
    customer
    satisfaction
    satisfaction

    Higher quality
    products
    More
    More rapid
    rapid
    response
    response toto
    Less
    Less warehouse
    warehouse customer
    customer orders
    orders
    space
    space needed
    needed
    Next
    Page

    Total Quality Management


    Click
    Here

    Employee Where are we?


    Involvement Where do we
    want to go?
    Plan

    Do we need
    to change Act Do How do
    is we start?
    the plan?

    Check Continuous
    Improvement
    How are we doing?
    Next
    Page

    Process Reengineering
    Click
    Here

    1. A business Anticipated results:


    process is 1. Process is simplified.
    diagrammed 2. Process is completed
    in detail. in less time.
    3. Costs are reduced.
    4. Opportunities for
    errors are reduced.

    2. Every step in 3. The process is


    the business redesigned to include
    process must only those steps that make
    be justified. our product more valuable.
    Next
    Page

    Theory of Constraints
    Click
    Here

    A sequential process of identifying and removing


    constraints in a system.

    Restrictions or barriers that impede


    progress toward an objective

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