The Goal Effects of New Tools on the Operation Management Practices Research Paper

The object Effects of New Tools on the surgical process Management Practices - Research Paper ExampleAlex is given a time constraint of three months in which he has to save his plant from collapsing. In the course of saving that plant, Alex meets an old colleague named curse (a physicist). Jonah helps Alex save the plant by guiding him to the right path (Goldratt & Cox, 1992). The concept applied in The Goal was from the impertinently practices applied in todays world. There was a theory named the six-sigma theory which center on the concept of continuously improving the quality of production and eliminating the waste products just like the bunk production concept. Both the concepts were merged and applied in the book (Jacob, Bergland, & Jeff, 2010). However, in the recent years new tools and practices feel been introduced based on the use of the Internet as web based business applications. E-commerce is as well as known as buying and selling of goods or services through the Internet technology. This new mode has increasingly gained popularity, thus changing dynamics of businesses by providing high pleasure (Gunasekaran, Marri, McGaughey, & Nebhwani, 2002). Now businesses interact by making transactions around the globe in minutes, reducing their operational be and eventually principal to generation of high revenues. Presently, the orders placed are high in volume as the market is strike driven and the orders are placed more on the basis of Customization category using just-in-time (JIT) rather than pile process system. The business to business (B2B) transactions are gradually changing as the trend is work shift towards business to customers (B2C). The cost of Internet technologies and databases is often high because of which the cost of inventory is increased (Gunasekaran, Marri, McGaughey, & Nebhwani, 2002). The new tools picnic a vital role in determining what steps Alex would start out taken if they were taken into favor after defining the goal of increasing net profits, return on investment, and the positive cash flow. Alex would have looked at the market conditions for ascertaining the demand for the product and subsequent estimation of orders (sales) at a given catch of time. Based on this concept, the inventory costs would be calculated (Gunasekaran, Marri, McGaughey, & Nebhwani, 2002). Based on new tools systems of today, Alex would have a different goal overall. Based on the prior information about Alexs goals on increasing profits, Alex would focus on the marketing of the company and providing high customer satisfaction. High customer satisfaction involves customization of the product. The Clientele approach would be taken into consideration at this point, i.e., having more clients to satisfy and relatively little orders to take. However, in case of Alex orders were high from one client with price remaining the same but the operations of business processes and costs were managed through altering manufacturing process. The marketing approach would lead to focusing on creating sentiency of the service which the company has to offer and the cheapest form of marketing would be used that is the internet to save costs (Goldratt & Cox, 1992). In this book, it has been said that anything invested into the business including assets used in the system to make sales are considered as inventories of the business. In order to