- Eli Whitney (1800) – Through high-quality control and standardization, he invented the concept of mass production of interchangeable parts.
Frederick W. Taylor (1881) – Remembered for improving efficiency in workplaces. He advocated for employee training and implementation of new work methods after scientifically analyzing the tasks.
Henry Ford (1913) – Remembered for the invention of the assembly line that led to increased productivity and reduced costs.
Walter Shewhart (1924) – Invented the control charts that ensured the production process is in a stable condition.
- Designing goods and services, controlling product quality, designing strategies that support company goals, choosing a suitable location, oversee layout and placement of items at work, manage human capital and job training, controlling procurement of goods, creating schedules for production and employees, stock control, and Maintaining people and machines.
- Globalization, ineffective communication, customer experience, conflicts between departments, sustainability issues, and difficulty retaining and recruiting the best talent.
- Quality over quantity, it’s labor-intensive, automation is difficult, impossible to increase output given the same number of employees, and difficulty measuring productivity.
- Attract global talent, improve supply chain, get new markets, gain a competitive advantage, diversify assets, and access to foreign investments.
- A mission communicates a company’s purpose in the short-term while a strategy defines how to achieve the objectives
- PERT is project evaluation, and review technique and CPM is critical path method.
These methods provide answers to question like; which tasks are critical? And what’s the project completion date?
- AOA emphasizes on events while AON focuses on tasks. AON method is mostly used.
- Short-range forecasts for no more than three months, medium-range for 3 -36 months, long-range for 36 months and above.
- Select the purpose of the forecast, identify forecast items, determine the period of forecast, select a forecast model, collect data, and make a forecast for a particular period, and implementation of results