Lean analysis of fiberline

Business Management & pathways

Operations and Supply Chain Management

Operations Analysis Dossier, Part 3 (First Sit)

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Lean analysis

It is an approach which helps in analyzing the business model and allows the business to eliminate the waste and the activities which does not add value to the product. This approach helps in reducing the product cost and helps in delivering the product to the customer. It helps the company to compete with other company in the market by offering the product as a higher pace and reduce the costing to as minimum as possible. It helps in modifying the business working and offering which include the changes according to the trend or market requirement that helps the company to be trendy and offer the products which are in demand according to the improving technology and requirement of the clients. It helps in determining the activities in the production which is not adding any value to the product and also not improving the quality of the product or the activities which are not required to be performed to get final product are been eliminated from the production process. It also helps in improving the business process that can help in production to be at a rapid pace and with betterment in the quality of the product (Georgiades, 2017).

Lean analysis can be done by building the team which is capable of handling various tasks required to build the product. These tasks are performed to build the product or provide the service offered by the company. The team must also be motivated and should have the yes can do attitude that can help them facing the problems occurs during the production of the product. This also needs the team to be self-analysis and descriptive feedback. And most important the supervisor should communicate with the team respectfully and openly. To analyze the product it is necessary to take a MVP (MINIMUM VIABLE PRODUCT) which is a base version of the product offered by the company that can be utilized by the distributed to the early tester or adopters. Lean analyses include the reduction of the waste and utilize resources to gain the maximum productivity out of it to increase the profit margin to maximum. It also analyzes the requirement of the customer and works on it and delivers the required product on time. In this model the MVP is been released before the release of the actual product to test the frame and analyze the basic requirement of the system. It help the company to test the product or the frame of the project before completing the product by adding the non-functional requirement from the product and help in understanding the working of the project and detect the bugs and loopholes in the project in the early stages to minimize the effort and resource to make the changes in the project to get the require output and satisfy the requirement of the project or the product. It also helps the customer to give the feedback before the release of the product and add the change if any needed to be included in the final project or the product. It helps the customer to provide the developer with the changes in the requirement and add new requirement for the project or the product according to the trend in the market (Kanbanize, n.d.).

The process of functional requirement defining for the project or the product is been evolving day by day. Now backlogs are been used to define the requirement on paper or is been utilized as documentation to specify the requirement of the project or product. Task list needed to be done for supporting the larger plan strategist to complete the project or the product offered by the business. It is the list of the task which is needed to be done and also has the priority of the tasks to be completed to specify the order of the tasks to be completed to develop the project or the product as planned. Backlog is consist of the information about changes that are required to be done in the existing requirement to meet the requirement of the customer according to the trend in the market for betterment of the product or the project offered by the company. It also consist the user stories which include the vision of the project or the product according to the user that help the developers to understand the user’s perspective of the project or the product and help in understanding the requirements of the project or the product as per required by the user. It also include the bugs which are been identified in the project or the product which are been resolve and help in recording the changes which are been made to fix the bug and the area which is to be tested again after the bugs is been fixed to ensure the fixture and adjust the rest project according to the changes made. Requirement are also been transformed to features, user stories and epics (Kupersmith, 2016).

Requirement of the project or the product is the functional and non-functional capability which is to be offered by the product or the project to satisfy the customer and fulfill the needs of the customer as expected from the project or the product to satisfy the objective of the project or the product. Requirement of the project or the product is been specification of the objective of the project or the product that is been implemented in the mind that does not include the logic that is going to be implemented to achieve the objective of the project where else feature is the logical specification of the requirement which has the logic for implementation of the requirement to achieve the objective of the project or the product to satisfy the function and non-functional requirement of the project or the product that is been expected by the customer and help in delivering the product or the project to the customer as required by the customer as expected according to the market. Epic is a huge part of the project with the objective to the complete the project or the product as required by the customer. It can include the business requirement of the project, a request from the customer or the feature which needs to be included in the project to fulfill the objective of the product and satisfy the requirements of the project or the product. Test cases are been recorded instead of examples and scenarios.

Lean analysis of fiberline

This report is related to a company which is fiberline building profiles that provide the customer with the fiberglass to provide the solution which help in achieving the sustainable solution for future. It is very necessary for the company top analyze their product to provide their customer with the quality product and offer them with something extra to stand alone from other companies offering same product in the market. To do so they can use the lean analysis technique to analyze their product for betterment of their product and cut down the waste that does not add value to the product to product the product at a lower price and provide their customer better and cheaper product. It can also help the company to produce the product at a higher pace that can help them providing their customer with the product faster than other that can help them to stand alone from other company in the market offering the same product. As the company is dealing in fiberglass they can analyze the product to be lighter in weight without affecting the strength of the fiberglass that can help in utilization of the product easier and can help in finishing the construction to be low on weight and lighter in weight with the strength that is needed in the construction. Lean analysis can also help in achieving the strength in the final product without adding the weight to the final product. It can help in building the construction as strong as steel and at a much lower density that can help in building a high strength construction and as the weight is not effected by the strength it is also easier to work with. It can also help in testing the product for checking the product for the limitation of the product and ensure the quality of the product. It can help in testing the product to check the chemical reaction on the product and can be utilize to check the effect of the weather and time on the product to check its capabilities (Fiberline, n.d.).

Fiberline can use the lean analysis to check the chemical effects on the product like checking the effects of the chemical and water on the product that can affect the strength of the product. It can help the company to reduce the costing of these tests and help them to eliminate the processes which are not necessary and does not add value to the final product. It also helps in analyzing the properties of the product and help in identifying the characteristic of the product to help the company to sell the product and help them analyze the properties of the product. It also helps in analysis the features of the product that is offered by the product to the customer such feature consist that as it is light weight it is easy to use and as it provides the strength it can replace the use of steel. Lean analysis help in analyze the product to enhancement of the long life and low maintenance of the product. It also help in analysis the product to check the sustainability of the product and help in enhancing the quality of the product and help in reducing the costing of the product related to testing, producing, developing and enhancing the product. Lean analysis is the phenomena which help in dividing the problem to the leaner in the end of every iteration and help in analyzing the problem which is the root cause of the problem and resolve the problem from the root which is causing the chain of problems which leads to the failure of the working chain and breaks the system. It helps in removal of the problem permanent rather than covering it temporary that helps the saving the company from wasting the resources on the temporary solution and get the permanent solution to the problem (Lean, n.d.).

To avoid the company from wasting their resources and eliminate the activities which are not adding values to the product of the company the company can use the Just in time module to manage the inventory of the company. This module helps the company to get the resources for production of the product at the time of need and manage the timing of the production to be also just in time of the delivery so that the company can save on the space which is needed to store the resources and the finish product that cost the company fortune and also the material has a change of damage as it can be stored for a long time and the demand of the ready product could not be enough to clear the inventory.

The fiberline can use the lean analysis to analysis the performance of the employ and analyze the area of error that is causing the company loss as the company is losing the efficiency of the product. It can help fiberline in building the multifunctional team that can handle various problems and task which can help them in analyzing the quality of the product and also help them in analyzing their performance that can help them in checking their own performance and help them in self-analysis that can help them in improving their performance that will reduce the error rate in the production and help in maintenance of the consistency in the production. Fiberline can also use the lean analysis approach to analyze the total costing of the production and can identify the activities which are taking the most effort and resources and can be help in enhancing the process to reduce the effort and resources in that process with the same results. Fiberline can also use the lean analysis to reduce the costing of other processes which includes the research on the product, betterment of the product, testing of the product, quality check of the product, marking and sales of the product, endorsement of the product and any other activity related to the product which adds up the costing of the product to minimize the costing and efforts includes in the process of production to reduce the wastage of the resources and effort and help in reducing the overall costing of the production that allows the company offer their customer better products at a lower price that can help the fiberline to stand alone in the market and compete with their competition to be in the market (Benzenberg, 2020).

Lean analysis can help the fiberline business to produce more with less that means they can produce the fiber glass with limited resources which can help them in increasing the profit margin and provide their customer good quality products with fulfilling their needs on time at a better price which can help the company to grow financially and help them beat their competitors and take over the market to gain maximum profit out of limited resources.

Utilization of lean analysis to make the business operation leaner

Lean analysis can help the fiberline in making their business operation leaner by various ways to make the business operation more leaner for betterment of the operations to avoid the waste of the effort and resources that can help them to save and reinvest the efforts and resources in the betterment and enhancement of the product to offer the customer with better and cheaper product that can attract new customers. Leaner business operation can be achieved by various ways which are been mentioned as below:

Value calculation and process defining: It is the process in which the value of the process is been analyzed with the analysis of the value it is adding to the product to know the worth of the process and determine whether the process has the room for leniency. It helps in analysis of the waste of resources and efforts that can be saved and reinvested in the betterment of the product.

Controlling the automation with the production: Leaner business operations take help of automation that are possible to reduce the human efforts and also avoid the errors that can be cause due to humans. The production line should be well defined and the automation should be included in the production line with the humans effort where needed to control production and monitor the production quality to keep the production line running (Sabae, 2016).

Minimize the utilization of the inventory: leaner business operation avoid the utilization of huge inventory and work with the just in time model that help the production to get the material required to manufacture the product just in time of the production with synchronization of production time with the delivery time to avoid the maintenance of large inventory and related expenses. It help in reducing the costing of the inventory maintenance and losses that are been faced by the company in form of damage goods due to moving and storing in the inventory.

Train employ: Employ of the company should have proper training and should have knowledge of the leaner business operation to help them adapt the process and work according to the leaner business operation model (Businessanalysisexperts, n.d.).

Benefits of the new leaner business operation

Lean analysis can help the fiberline with various advantages in the business operations which can helps them in increasing the revenue generation and help them in growing their business in the market by offering better product that attracts the customer. It can help fiberline to overtake the market by various ways as mentioned below:

Betterment of the quality of the product: leaning the production process will save he resoures and efforts that can be utilized to make the existing product better and quality check of the product that can help the company to provide the customer with the better products (Mknorthamerica, 2017).

Betterment in delivering on time: As the production depends on the demand and this lean analysis can help in analyzing the fluctuation in the demand and help in understanding the market position better that can help the business to fulfill the demands on time and avoid the waste production that has to be stored in the inventory that can help the company to save resources and efforts both.

Betterment in adaptability: leaner business operations can help the fiberline to reduce the waste and improve the sustainability that makes the business future ready and help the business to grow rapidly and overtake the market to earn maximum from the limited resources.

Employ satisfaction: lean analysis also help the employ of the company to avoid the work which is unnecessary that relief the employ of the company from the extra work and can help them in analyzing their work that help them in knowing their productivity and performance that can motivate them to work harder to improve their productivity. It also help the employ to nullify the negative effect on the morale of the employ due to the extra time and effort employ is investing on the activity or production process that is not adding any value to the final product. Leaner business operations not only enhance the productivity but also motivate the employ to improve their productivity and performance (Mknorthamerica, 2017).

Improvement in the profit margin of the product: leaner business operations help the fiberline to reduce the waste and improve the productivity with the enhancement in the quality of the product that attracts the customers toward the product these all factors combined help the company to increase the profit margin and increase the revenue of the company. It help the company to earn more profit and improve the revenue of the company and add new customer to the business and help them in betterment of the product by saving the wastes that are been saved by leaner the business operation and reinvest the saving on the betterment of the product and improve the production of the product. It helps the company to be future ready and help them to compete with the competition out there(Morris, 2016).

References

Businessanalysisexperts. n.d. Lean Business Analysis Is. Businessanalysisexperts.com. [online] Available at: https://businessanalysisexperts.com/what-is-lean-business-analysis/

Benzenberg, S., 2020. Lean Analysis.

Lean. N.d. PRINCIPLES OF LEAN. Lean.org. [online] Available at: https://www.lean.org/whatslean/principles.cfm

Sabae. D., 2016. Lean Business Analysis. Masteringbusinessanalysis.com. [online] Available at: https://masteringbusinessanalysis.com/mba074-lean-business-analysis/#:~:text=Show%20Notes,are%20referred%20to%20as%20waste.

Morris. D., 2016. The Lean Business Analysis Manifesto Explained. Infoq.com. [online] Available at: https://www.infoq.com/articles/lean-business-analysis/

Kupersmith. K., 2016. Lean Business Analysis: More About Decision Making. Batimex.com. [online] Available at: https://www.batimes.com/kupe-kupersmith/lean-business-analysis-more-about-decision-making.html

Kanbanize. n.d. What Is Lean Management? Definition & Benefits. Kanbanize.com. [online] Available at: https://kanbanize.com/lean-management/what-is-lean-management

Georgiades. R., 2017. What does segmental lean analysis actually mean? The draft. [online] Available at: https://www.yellowjersey.co.uk/the-draft/body-composition-analysis-actually-means/

Fiberline. N.d. ABOUT FIBERLINE BUILDING PROFILES. Fiberline.com [online] Available at: https://fiberline.com/about-us/who-we-are/

Mknorthamerica. 2017. The Benefits of Lean Manufacturing: Why and How to Go Lean. [online] Available at: https://www.mknorthamerica.com/Blog/benefits-lean-manufacturing/#:~:text=Lean%20manufacturing%20improves%20efficiency%2C%20reduces,would%20have%20previously%20been%20wasted.