Operations Management - Lacks Tracks Cycles (Case Study Sample)

Operations Management - Lacks Tracks Cycles First Name Last Name Department, College Course Code: Course Name Instructor’s Name Due Date Operations Management - Lacks Tracks Cycles Control is a critical aspect of business because it establishes the important procedures and administrative rules that govern, direct, and protect the company structure from potentially irreversible hazards (Lumen Learning, n.d.). Control is important in any institution's manufacturing process. With the connection to Lacks Tracks Cycles, which manufactures electric-powered chopper-style motorcycles, which seeks to assess its manufacturing compared to Harley-Electra Davidson's Glide, this research includes extensive considerations of the necessity for oversight in every corporate operation. In addition, the project will compare the company's fundamental production standard to actual manufacturing outcomes at all five locations. The objective is to guide the firm in resolving performance bottlenecks, standard conditions, and general quality management (TQM) issues by implementing genuine remedial measures to achieve the appropriate management efficiency improvements. Control Control is a critical component of every business performance. Along with planning, organizing, and managing, it is one of the four main management functions. Control may be construed in a variety of ways depending on the situation. Business Control is described as a collection of policies and procedures that govern organizational activities to achieve specified objectives and protect the company from mistakes. The top-down strategy is one of the most prevalent organization controls strategies. This approach permits higher-level knowledge to be communicated to workers at lower levels of the organization's hierarchy. Common feedback, deliberate controls, and concurrent controls are all examples of organizational controls. Lacks Tracks Cycles analyzes the manufacturing of its goods to ensure that the quality of the product is high and to investigate prospective areas for electric motorbike upgrades. All the firm's factories follow the same set of criteria to produce high-quality electric motorcycles (Lumen Learning, n.d.). As a result, Lacks Tracks can improve its future growth by focusing on the aspects of operations that do not match the standard requirements. Lacks Tracks Cycles will learn how to increase efficiency and productivity by implementing additional control to stop errors resulting from these inputs. Importance of Lacks Tracks Production Metrics, Significant Deviations, Recommended Controls, and Standard Specifications The firm's strategies have been transformed into performance criteria by the management of the company. The historical performances provide details, as mentioned below compared to the indicators, list criteria to the current organizational performance at every one of its facilities. The following parameters must be observed and adjusted accordingly to meet the set standards and improving the company's competitive advantage and sustainability. Production Costs The entire manufacturing cost per unit for Lacks Tracks is measured at $13,500.00. Only New Jersey was able to produce the motorcycles optimally and has the lowest production price per unit. The New Jersey factory has achieved a cost of production of $12,500.00, which is well below the $13,500.00 requirement. The factories in Alaska ($14,250.00), Maryland ($15,250.00), Delaware ($14,100.00), and Texas ($16,000.00) had their unit costs per unit surpass the standard production price set by the company. Because 80% of the factories failed to meet the benchmark, the cost of manufacture affected the profitability levels of the Lacks Tracks Cycles as a whole, so it is necessary to identify a realistic standard control to meet the firm's objectives. Production Cycle This firm's average production cycle time for completing a fleet of power bikes per hour is 15 bikes hourly. Only two branches have been able to meet this timeline. With 18 electric bikes per hour, the Maryland facility has surpassed the requirement by producing Three more electric motorcycles per hour. By manufacturing 16 motorbikes per hour, the Delaware facility passed the threshold. The remaining factories have fallen short of the mark. Yield The productivity is the average of all-electric motorcycles manufactured to standards for the first instance with no manufacturing errors. The cutoff point was defined at 98 percent success. Just the Maryland facility achieved the required 99 percent, with Texas (97.5 percent), Delaware (97 percent), New Jersey (96.50 percent), and Alaska (95.5 percent) following closely behind. The yield rate should be adjusted by the operations teams to eliminate existing mistakes. Defect / Recall Rate Because of the exceptional quality of electric bikes manufactured, the faulty rate/recall is determined at 2%. Just the Maryland factory passed the requirement, with an accuracy rate of 1%. The factory in Alaska had the highest number of problems (4.85%), trailed by New Jersey (3.50%), Delaware (3%), and Texas (2.5%). The administration should examine the manufacturing efficiency and reduces the fault rate based on this evaluation. Mean Manufacturing Downtime For all of the plants, the overall average downtime remained fixed at 0.50 percent. With an average loss of production of 0.50 percent, the top factory in these categories met these criteria. Lacks Tracks Firm's sister factories had higher total service interruptions. Delaware had the largest percentage at 1.5 percent, Maryland at 1%, and both New Jersey and Alaska had 0.75 percent overall average disruptions. This criterion should be adjusted from 0.5 percent to 0.75 percent by the administration. Learning Time None of the facilities fulfilled the desired learning time of approximately hours a month. As this is the first year of application of electrical technology on bikes, the organizational leaders at the factories must encourage workers to take up learning lessons. One way to decrease errors and production delays would be to learn. Texas has the highest amount of hours monthly (7), trailed by Maryland (6), New Jersey (5), Alaska (4), and Delaware (3). Shipping Defects Damage to pieces of equipment while undergoing shipment lowers the quality of the product and price. The industry norm for shipment defect assurance is 1%. However, only one facility (Texas) achieves this requirement, with a failure rate of one per 10,000 units. Other factories are unable to cross the line. Because the firm has comparable rivals in the market, the threshold is relevant. Workplace Safety Executives in the firm are obliged to implement health and safety concerns for all personnel. Lacks Tracks Leaders set a safety event per worker threshold of 1.50. All but one of the four locations made it past the set standard. The factory in New Jersey has the lowest safety record per worker (3%), trailed by the Maryland factory (2.25%), Texas (2%), and eventually Alaska (2%). Only Delaware factory had a 0.75 percent accident preventative measures rate. Production Units per Year Lacks Tracks demands that every one of its factories is capable of producing 45,000 electric bikes annually. However, only Texas (48,000) and Alaska (48,000), we're able to achieve and surpass the requirement (45,500). Other factories, such as Maryland and New Jersey, were approaching the 43,000 and 42,500 thresholds, respectively. Delaware, on the other hand, produced 27,000 bikes and is far below the requirement. As a result, this benchmark should stay constant while ...