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Operational Management and Business Analytics

   

Added on  2023-06-10

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Running head: OPERATIONAL MANAGEMENT AND BUSINESS ANALYTICS
Operational Management and Business Analytics
Name of Student
Name of University
Author Note
Operational Management and Business Analytics_1

1
OPERATIONAL MANAGEMENT AND BUSINESS ANALYTICS
Executive Summary
The report provides an analysis of the challenges posed by six sigma and the manner in which
these challenges help in shifting the focus towards a more sustainable development within an
organisation. One of the effective implementations that has been discussed in the report is the
objectives that six sigma possess so that it can help in the development of organisations. The
synergy that exists between lean management and six sigma provide organisations with
opportunities for improvement. However, one of the essential requirements that need to be
kept in mind by the organisations is the fact that development of financial capabilities is
required for the effective application of six sigma in an organisation.
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OPERATIONAL MANAGEMENT AND BUSINESS ANALYTICS
Table of Contents
Task A........................................................................................................................................3
Introduction................................................................................................................................3
Improvement objectives of the six sigma...................................................................................3
Synergies between lean management and six sigma..................................................................5
Benefits of six sigma..................................................................................................................7
Challenges of six sigma.............................................................................................................9
Support provided to the greener operations and supply chain.................................................10
Task B......................................................................................................................................12
Winemaker problem.................................................................................................................12
Optimum Production Plan....................................................................................................12
Sensitivity analysis report.....................................................................................................12
Change in the production plan..............................................................................................12
Choice of wine produced by the wine maker.......................................................................13
Conclusion/Recommendation..................................................................................................13
Reference..................................................................................................................................14
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OPERATIONAL MANAGEMENT AND BUSINESS ANALYTICS
Task A
Introduction
Lean management is a systematic method for the disposal of waste that exists within
the manufacturing system of an organisation. According to Cucoranu, Parwani and
Pantanowitz (2014), one of the advantages that the lean manufacturing provides organisations
is its ability to assist in the manufacturing system without jeopardising productivity in an
organisation. The report focuses on the challenges that are faced by the lean six sigma
application so that support can be provided in shifting towards a more sustainable and greener
operation in the organisation. Trzeciak et al. (2018) is of the opinion that the six sigma is a set
of techniques and tools that helps in improving the production process in an organisation. The
report applies this process so that a sustainable development can place in the organisations.
At the same time, the report focuses on the ways to improve six sigma and establishes a link
between lean management and six sigma.
Improvement objectives of the six sigma
As stated by Furterer (2016) the application of six sigma in an organisation provides
for establishing objectives of an organisation and at the same time ensure that enormous
changes does not take place. The objectives of six sigma include:
Shift process average: The average shifting process from one manufacturing style to
another can be carried on by the application of the six sigma process. The shift process can
help organisations to continue with the flow of work and at the same time ensure that quality
of the products is maintained.
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