What I learn in MGT 422: Production Management this semester is some useful information that will greatly benefit in the future. There were several topics we covered this semester but there were only a selected few that caught my attention. Those four things I learned this semester that caught my attention were: the productivity theory, the slowest worker theory, the assign and on-duty approach, and the process of making a prosthetic body part.
First, the productivity theory is where the output of a company is divided by the input to determine if the company will have a negative or possible percentage of productivity. For example, if a company has an output of 275000 and an input of 210000; the company will have a 1.19 percent of production which will be a good percent of production. The company will have a negative percentage of production if it has a higher amount of input than output. The productivity theory does not only apply to the input or output of companies; it is also used to determine the input of the time, week, and labor workers put in to make the output. The productivity theory intrigued me because it plays a significant role in the business operations to see if the company will be productive or not.
Second, the slowest worker theory is where the slowest worker set the pace for any business operations. Even if a person can complete the task at a faster rate, they cannot complete their assignment without the slowest worker completing their objective first. An example Dr. Prater used was the production of cars. If the person responsible for putting in the seats is the slowest worker, the operation of the other workers is delayed until that person completes their task. The slowest worker theory interested me because I was in several group assignments where no one could move on to their part until another group member finish theirs.
Third, the assigned and on-duty approach is when management drafted a chart to decide how many employees they will need at a particular hour if the implemented a four hour system. Once management decide how many employees they need at a require time, they can assign the appropriate number of employees for the require time. For example: if the manager will like 4 employees to come in at 7 a.m., 8 employees at 8 a.m., 12 employees at 9...