Making Money in Manufacturing

Paper Summary:

This paper examines in depth how manufacturing organizations in the United States are not as profitable as can be, by looking at management, integration human factors, technology and facility available to achieve near perfection. The paper debates along with the authors of the book, ?The Goal? by Dr. Eliyahu M. Goldratt and Jeff Fox, the different approaches to making profit, by increasing throughput through sales while reducing the inventory and the operational cost of the organization. The paper uses the Toyota Company as an example of these ideas.

Table of Contents
Abstract
Introduction
Methods and Discussion:
Bottlenecks and non-bottlenecks resources
Inventory
Batch Size and the importance of setting a batch size
Operational expenses
Conclusion
Bibliography

From the Paper:

"In the book, "The Goal" by Dr. Eliyahu M. Goldratt and Jeff Fox, evaluate the manufacturing process used by most organizations. According to the authors, manufacturing processes followed by the west and most developed countries are flawed. These flaws can be eliminated from the process by implementing specific operating practices. The goal for any organization is making money, and experts in the field propose different ways of approaching it. Making money, according to Dr. Goldratt, is simple: increase throughput through sales while reducing the inventory and the operational cost of the organization. No individual can identify and analyze all the factors affecting a manufacturing organization alone."

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• Book Review # 108624 : "The Goal"

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