MANAGE INNOVATION AND CONTINUOUS IMPROVEMENT

ASSESSMENT TASK 2: DEVELOP OPTIONS FOR CONTINUOUS IMPROVEMENT

UNIT CODE: BSBMGT6O8C

name- prakash panchal student id - std01850

1. EXECUTIVE SUMMARY:

This document is a detailed assessment under project Manage Innovation And Continuous Improvement Task1 i.e. ‘Develop options for continuous Improvement” through which the researcher needs to demonstrate their capabilities essential for analyzing an existing case study present in the text book in which the main target is the Innovation and improvement. All minute specifications and details about the strategies and enhancing polices are discussed under this literature review. Concluding with the suggestions and …show more content…

c. Brief explanation of how proposal will improve performance and competitiveness

By following the above proposed strategy the company will definitely excel and grow. The performance will be increased and it will be soon recognized by the people as before. These points will be achieved by following the proposed strategy. A minimum, achievable set of actions is determined, with plans, assigned responsibilities and owners.
Leadership and commitment
• Good planning and a sound implementation strategy
• Appropriate employee involvement
• Simple measurement and evaluation
• Control and improvement

d. KRA5, KPls, targets.
Key result areas are:
a. quality - design/manufacturing
b. sales
c. profit
d. supply chain performance (delivery)
e. business growth - staff and management performance and/ turnover

Key Performance Indicators are:

Designing KPIs:

material management, order management, productivity KPI, quality, maintenance etc

Planning KPIs:

1. Delivery on time
2. Delivery is not enough quantity, quality
3. Quantity bought over required
4. Purchasing cost
5. Cost of purchasing units
6. Suppliers rating

Manufacturing KPIs:

1. Material Management KPI
2. Order management KPI
3. Order management KPI
4. Productivity KPI
5. Quality KPI
6. Maintenance KPI

4. WRITTEN RISK ANALYSIS:

A risk analysis involves identifying the most probable threats to an organization and analyzing the related vulnerabilities of the organization to these threats.