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Fundamentals of Management - Stephen, Robbins

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Introduction to Management in the Hospitality Industry 10e

Slides: Barrows - Introduction to Management in the Hospitality Industry 10e


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Book Title: Introduction to Management in the Hospitality Industry, 10th edition
 
Author : Barrows, Powers, Reynolds
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Human Resorce Management, 10th Edition

Human Resorce Management, 10th Edition

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Book Title : Human Resorce Management, 10th Edition
Author(s) : Wayne Mondy
Publisher : Prentice Hall © 2008
ISBN-13 : 9780132225953
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Fundamentals of Human Resource Management 2e



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Book Title : Fundamentals of Human Resource Management, 2nd edition
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Strategic Management & Business Policy

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Book Title: Strategic Management & Business Policy

Author : Thomas L. Wheelen; David L. Hunger

Publisher: Prentice Hall © 2007

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Just in Time (JIT)

Just-in-time (JIT) a production strategy that strives to improve an business' return on investment by reducing in-process inventory and associated carrying costs. Just In Time production method is also called the Toyota Production System. To meet JIT objectives, the process relies on signals or Kanban (看板 Kanban?) between different points in the process, which tell production when to make the next part. Kanban are usually 'tickets' but can be simple visual signals, such as the presence or absence of a part on a shelf. Implemented correctly, JIT focuses on continuous improvement and can improve a manufacturing organization's return on investment, quality, and efficiency. To achieve continuous improvement key areas of focus could be flow, employee involvement and quality.
Quick notice that stock depletion requires personnel to order new stock is critical to the inventory reduction at the center of JIT. This saves warehouse space and costs. However, the complete mechanism for making this work is often misunderstood.
For instance, its effective application cannot be independent of other key components of a lean manufacturing system or it can "...end up with the opposite of the desired result."[1] In recent years manufacturers have continued to try to hone forecasting methods (such as applying a trailing 13 week average as a better predictor for JIT planning,[2] however some research demonstrates that basing JIT on the presumption of stability is inherently flawed.[3]


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Six Sigma


What Is Six Sigma? Definition Of Six Sigma, Lean Six Sigma Concepts

Six Sigma stands for Six Standard Deviations (Sigma is the Greek letter used to represent standard deviation in statistics) from mean. Six Sigma methodology provides the techniques and tools to improve the capability and reduce the defects in any process.
It was started in Motorola, in its manufacturing division,  where millions of parts are made using the same process repeatedly. Eventually Six Sigma evolved and applied to other non manufacturing processes. Today you can apply Six Sigma to many fields such as Services, Medical and Insurance Procedures, Call Centers.

DMAIC

Six Sigma methodology improves any existing business process by constantly reviewing and re-tuning the process.  To achieve this, Six Sigma uses a methodology known as DMAIC (Define opportunities, Measure performance, Analyze opportunity, Improve performance, Control performance).

DFSS or DMADV

Six Sigma methodology can also be used to create a brand new business process from ground up using DFSS (Design For Six Sigma) principles. Six Sigma Strives for perfection. It allows for only 3.4 defects per million opportunities for each product or service transaction. Six Sigma relies heavily on statistical techniques to reduce defects and measure quality.
Six Sigma experts (Green Belts and Black Belts) evaluate a business process and determine ways to improve upon the existing process. Six Sigma experts can also design a brand new business process using DFSS (Design For Six Sigma) principles. Typically its easier to define a new process with DFSS principles than refining an existing process to reduce the defects.
Six Sigma incorporates the  basic principles and techniques used in Business, Statistics, and Engineering. These three form the core elements of Six Sigma. Six Sigma improves the process performance, decreases variation and maintains consistent quality of the process output. This leads to defect reduction and improvement in profits, product quality and customer satisfaction.
Six Sigma methodology is also used in many Business Process Management initiatives these days. These Business Process Management initiatives are not necessarily related to manufacturing. Many of the BPM's that use Six Sigma in today's world include call centers, customer support, supply chain management and Project Management.

Lean Six Sigma

Some Six Sigma practitioners have In recent years combined Six Sigma ideas with lean manufacturing to invent new a methodology. This new methodology is called Lean Six Sigma.