Operations management Case Study Example | Topics and Well Written Essays - 750 words - 1

Operations management - Case Study Example Large production minimizes production cost. CCI has new ways of achieving objectives in Scunthorpe through the application of the Continuous Improvement (CI). CI entails the laid down resources and processes aimed at improving business efficiency.CI incorporates everybody ranging from managerial level to the employees down the structure. Reduction of waste is one of the avenues employed to improve efficiency. The main areas of waste reduction have been identified by the channels already in place. Besides there is a CI culture that is embedded in the CI strategies. The next strategy is the process mapping facilitated by the CI coaches. Maps are made to allow employees to view the requirements of production so as to understand expectation. Everybody at CCI has a target set that has to be met. The final strategy is the use of key performance indicators to not only evaluate production quantitatively but also to determine if the customers’ expectations are met and they are satisfied. Despite the cost involved in the CI process, the benefits are reduction of wastes, improved product quality, minimized rework time, and regaining of custom ers among others. The main points of the article are the overview of the company; the product offered by the company; the stages of producing the product; reasons for production in large scale; and the laid down strategies in place to increase production as well as customer satisfaction. As illuminated from the article, Corus group is company that deals with the production of steal worldwide. It produces steel at large scale since large scale production minimizes costs involved. However, while reading between the line using high definition quality spectacles, the article does not clearly bring out how the strategies through the Continuous Improvement (CI) platform has helped to ensure that customers satisfaction as prioritized. Prioritizing customers’ needs is

Eat at my restaurant cash flow Essay Example | Topics and Well Written Essays - 750 words

Eat at my restaurant cash flow - Essay Example Net income values are a good indicator of the business progress. Obtained via accrual accounting, net income value shows the net profits or losses that the company achieves in the specified period. Moreover, net income values can easily be obtained from the income statement and represents the difference between all accounting revenues both direct and indirect and all accounting expenses. As matter of fact, many investors depend on net income figures to make investment decisions. Perceptibly, dividends are always proportional to net income. Therefore, if the trend of net income figure is increasing then the company can attracts investors due to expected rise of the shares. The implication is that, the firm can easily access capital, and to be precise equity, hence stands a better chance to expand. However, profitability and insolvency is not always guaranteed by positive net income figures. Note that, allow net income values could be as a result of a high expenses figure which might h ave originated from high depreciation of assets. If the value of these expenses is one time, or rather does not influence s operational saes, then the net income figure falsely predicts the firm’s financial status. It’s to the opinion of many scholars that cash dictates financial position and thus, cash flow predicts long term profitability. Literary a positive net cash flow from operating activities implies that the business is collecting more cash that it’s spending and positive trend predicts a bright future.