Q1. The elimination or minimisation of waste from activities within enterprises is an important element of most performance improvement methods. Explain then main types of waste and give examples of how these wastes can be hidden with the normal operations of a firm.
Q1. The elimination or minimisation of waste from activities within enterprises is an important element of most performance improvement methods. Explain then main types of waste and give examples of how these wastes can be hidden with the normal operations of a firm.
Q2. A local manufacturing firm which produces make to stock high added value products for the pharmaceutical industry has recently been requested by its owner to provide a proposal on the benefits of a predictive performance model and methodology from a workshop that you have recently completed. You are requested to produce the following report:
1. Review the current state of the practice of performance management and reporting within this category of firms.
2. Suggest a suite of appropriate key performance measures.
3. Explain the benefits and challenges of an Ex-Ante or Predictive
Performance Demand Model approach to enterprise performance
management.
4. Recommend a methodology on how this type of Enterprise Performance
Model might it might be deployed within actual firms.
It is recommended that you use appropriate examples from the literature or your prior industrial experience to support any recommendations that you provide.
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