Learnings from Goal

Topics: Eliyahu M. Goldratt, Theory of Constraints, Inventory Pages: 12 (3742 words) Published: March 21, 2013
SBM, NMIMS, MUMBAI

Goal by Eliyahu M. Goldratt: Learnings
Assignment
Submitted by: Triparna Chakravorty (E013) Shalini Chhabra (E014) Shirshendu Datta (E015) Darshi Dixit (E016) Abhishek Gambhir (E017) Shivam Garg (E018)

2013
Submitted to:

Prof. Pradeep Owalekar, NMIMS, Mumbai

MANAGING BUSINESS OPERATIONS

Goal by Eliyahu M. Goldratt: Learnings
Table of Contents
“Bowl and Stick” Game Description ................................................................................................... 3 Analogy with a production set up ...................................................................................................... 3 Defining Dependency and Variability ................................................................................................. 5 Statistical fluctuations ....................................................................................................................... 5 Statistical fluctuation in the Bowl & Stick game ................................................................................. 5 Relation between dependent events and Statistical fluctuations ....................................................... 5 Effect of statistical fluctuations on Inventory levels ........................................................................... 6 Implications of statistical fluctuations for organizations..................................................................... 6 Challenges that statistical fluctuations present in front of organizations ............................................ 6 How to make more reliable predictions about projects? ................................................................ 6 How to improve the development process itself? .......................................................................... 7 Perils of high statistical fluctuations................................................................................................... 7 Poor Turnover ............................................................................................................................... 7 High Costs ..................................................................................................................................... 7 Carrying Costs................................................................................................................................ 7 Loss or Damage ............................................................................................................................. 7 Shifts in Demand ........................................................................................................................... 8 Strategic Planning Time ................................................................................................................. 8 Lost Sales....................................................................................................................................... 8 Higher Expenses ............................................................................................................................ 8 Obsolete Merchandise................................................................................................................... 8 Concept of Balanced Plant ................................................................................................................. 9 Impact of Dependency and Variability on Balanced Plants ................................................................. 9 Unbalanced Processes ....................................................................................................................... 9 Fastest to slowest ........................................................................................................................ 10 Result: ..................................................................................................................................... 10 Slowest to fastest...
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