Operations and Project Management - Hotpoint Assignment
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Added on 2021-01-02
Operations and Project Management - Hotpoint Assignment
Added on 2021-01-02
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Operations and ProjectManagement
Table of ContentsINTRODUCTION...........................................................................................................................1ACTIVITY 1....................................................................................................................................11) Theories and concepts such as, six sigma methodology and lean principles.........................1ACTIVITY 2 ...................................................................................................................................32) Effectiveness of the continuous improvement plan by using principles of operationsmanagement................................................................................................................................3ACTIVITY 3....................................................................................................................................53) Stage of the Product Life Cycle (PLC) and prepare necessary supporting documentation....5..........................................................................................................................................................8ACTIVITY 4....................................................................................................................................94) Use of appropriate theories, concepts and models in the PLC will differentiate betweenlarge and small scale projects......................................................................................................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12.......................................................................................................................................................13
INTRODUCTIONOperation management refers to management area that is related with design, control andalso production of business operations. It is an administration of the business practices todevelop high effectiveness level with in firm. Project management is practice of initiating,planning, implementation, controlling and also closing team work to attain particular objectiveswith in mention time period (Alias and et. al., 2014). This present report is based on Hotpointfirm and it is an American and European domestic appliances brand in United Kingdom. Thisfirm is deciding to launch 58 inches television. In this report will be mention about theappropriate concepts and theories such as lean principles and six sigma. This given project willcover the stages of Product Life Cycle as well as supporting documentation.ACTIVITY 11) Theories and concepts such as, six sigma methodology and lean principlesOperation management refers to planning, organizing, controlling in manufacturing ofservices and products. It consists responsibility of assuring that the business operations areeffective in context to using needed resources in terms of meet with requirements of customers.For Hotpoint, there are different theories which require to be examined mention below:Six Sigma- It refers to set of tools and techniques for improvement purpose. It uses data- drivenreview in order to reduce the defects or mistakes in process. It seek towards make improvementin quality of process output through determining as well as removing defects. Since, Hotpointcompany is planning to enter in large scale television market, it is necessary for it to conductinvestigation (Burke, 2013). This company use Six sigma principle to minimize any kind oferrors or defects.For an example- If Hotpoint will manufacture 1000 televisions then there will be only 1television defected because in Six sigma, there is a chance of less error. In addition to this, DMADV methodology of Six Sigma that company will use:Define: It is related with explaining objectives of project which are necessary toaddressed. It is important for Hotpoint firm to include aspects which are imperative for theconsumers. It also undertake developing of strategies for execution. 1
Measure: Under this, there is a need to measure as well as identify needs of consumers.At this stage, Hotpoint company need to identify different data collection methods and alsorecord the useful information.Analyse: In this step, it is necessary to analyse process for meet with customers need.Firm should use the collected information and data that can help in increase quality and makeimprovement in production process to produce large screen television. Design: There is a need to design as well as test the process to produce large screentelevision on the basis of customer's demand. Validate: At this stage, Hotpoint requires to verifying design through conducting pilotprogram and then handle over process to consumers (Fang and et. al., 2012).Critical Evaluation of Execution of Six SigmaSix Sigma is helpful in improving the quality of products and also reduces the errors frommanufacturing process. On the other hand, the main focus of Six Sigma is on fulfil requirementsof consumers and set policies in this approach. In addition to this, policies related to Six Sigmacan be expensive. Lean Principles- It is a systematic method for minimize wastage with production systemwithout impacting the production. Its main focus on reducing any kind of wastage and alsoenhancing productivity. In order to produce the large size television, Hotpoint will use the leanprinciple for reduce any kind of wastage in its production. With the help of this, cost will bereduced and productivity of Hotpoint will be enhanced. In addition to this, lean principles givesframework for developing effective as well as efficient business. There are some lean principlesmention below as above:Identify value- Under this principle, value is developed through manufacturer but it isexplained through consumer. Value is related to willingly pay through customers for large screentelevision. The Hotpoint should strive to eliminate cost and wastage from business process sothat the optimal price of customers can be attained. Map the value stream- This principle consists analysing as well as recording informationflow that is necessary to produce particular service or product with intent of determiningwastages and improvement method in the production of large screen television (Heldman,2018).2
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