Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Identifying Process Improvements for Operations Improvement Plan

Based on the information you gathered in your process identification assignment, choose one of the processes you have identified and carry it forward through the remainder of your Operations Improvement Plan (OIP) project. The process selected should lend itself to an in-depth analysis and should be important to Toyota.

Since you are expected to complete the entire OIP for the final project by the end of Unit 6, you need to take into account the time required to complete the OIP with respect to the duration of this course. You should plan to have the bulk of your research and investigative work completed by the end of Unit 5. Therefore, choose a process that is of appropriate scope to enable you to finish on time.

As you outline your process improvement idea, include the following elements:

- Problem statement: What exactly needs to be improved?
- Background of the issue: How long has it been occurring and other relevant historical data (costs, impacts, and implications to the organization)?
- Implications: What could happen if it continues as it is (include the cons- tangible and intangible)? What could happen if it is improved (include the pros-tangible and intangible)? What are some potential general business results and impact on business relationships? Note: You are not expected to provide specific results at this early stage of the investigation.
- Desired outcome: How will it be different? What competitive advantages will it yield? How will it impact stakeholders? Be thinking of the "Cost-Benefits" of the

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9736224

Have any Question?


Related Questions in Business Management

What tasks might be performed by a tms package and value

What tasks might be performed by a TMS package and value does automating these tasks have?

Explain how understanding your personal learning style can

Explain how understanding your personal learning style can assist you when identifying, evaluating and selecting development opportunities.

Can you give me short cut of using excel word access share

Can you give me short cut of using excel, word, access, share point, and powerpoint microsoft, I am always have to rely on the back and forth, fleepng the pages, it is possible

Suppose our task is to distinguish between humans and

Suppose our task is to distinguish between humans and non-human objects in an image, which classifier would you choose and why? Decision trees, perceptrons or neural nets.

How do people from varying cultural backgrounds differ in

How do people from varying cultural backgrounds differ in their views of computer ethics? Provide examples and discuss the most effective way to overcome these different views on computer ethics.

Some economics textbooks refer to the factors of production

Some economics textbooks refer to the factors of production as follows: Land, Labor, Capital, and Entrepreneurship. Why does Peter Klein say that it is inaccurate to include entrepreneurship as one of the factors? Explai ...

Refer to the 2017 annual report of jb hi-fi limited on its

Refer to the 2017 annual report of JB Hi-Fi Limited on its website, www.jbhifi.com.au and answer the following questions: What is the group's current liability for dividends to ordinary shareholders? If you owned only 10 ...

What are the differences between the classic marx approach

What are the differences between the classic Marx approach to capitalist globalization and the "world systems theory"?

What are some of the reasons that email communications seem

What are some of the reasons that email communications seem to be so overwhelming and time consuming? What can be done to eliminate the "reply all" approach to business communications?

Define budgeting and describe its primary purposes and

Define budgeting and describe its primary purposes and benefits to an organization.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As