Widget Production Executive Summary

ISCOM/305 - Systems Operations Management

Instructor

Widget Production Executive Summary

The operations management process of Taylor Inc. needs evaluation in order to assist in maximizing labor productivity. In order to recommend an alternative management technique a cost-benefit matrix, listed below, evaluates the current Widget assembly line along with two alternatives.

Cost-Benefit Matrix

Current

Alternative 1

Alternative 2

Wasted Motion

27%

1%

7%

Physical Lifting

42

12

23

People Required

17

6

9

Productivity

208

392

288

Worker's Comp Claims

4

0.3

1.9

Capital Investment

                       - 

      1,300,000 

          967,000 

Life of Equipment

7

5

Wages Per Shift

              5,848 

              2,064 

...