New summary available for Factory Physics for Managers

Nov. 21, 2014 - PRLog -- Factory Physics for Managers teaches managers and executives how to consistently achieve high cash flow, low costs, and excellent customer service by gaining a scientific understanding of their operations. Through an exploration of the basic principles of Factory Physics, Edward S. Pound, Jeffrey H. Bell, and Mark L. Spearman provide readers with a practical guide to managing manufacturing, service, and supply-chain operations. Through real world examples, tools, and techniques, Factory Physics for Managers demonstrates how managers can transform their business strategies into effective operation tactics and controls.

According to Edward S. Pound, Jeffrey H. Bell, and Mark L. Spearman, managing an effective manufacturing operation requires an understanding of the following concepts:

*Do not innovate by imitation. Managers must choose tactics and controls that best fit their own unique companies based on the science of operations -- not on the operations of other companies.

*The ultimate goal of any business should be sustained profit and cash flow attained by moral means. Every strategy managers enact must be designed with this goal in mind.

*Use buffers to synchronize demand and transformation. The three buffers of operations include inventory, capacity, and time. When variability increases, buffers increase.

*Use the demand stock production (DSP) framework. The DSP framework is a representation of companies' value streams and the best way for managers to develop successful plans for leading their companies to achieve their marketing and financial goals.

*Create an operations plan that is comprised of tactics, controls, and measures. Effective operations plans are carefully designed to have predetermined methods, systems, and metrics in place.

*Effective leaders must ensure their visions and strategies are understood by all. Sustainable leadership is achieved when managers are empathetic and able to convey their visions for their companies through succinct and thoroughly designed operations plans.

*Companies' overall success can be improved by applying the basic principles of Factory Physics science to all areas of operations. Work in process (WIP), cost of inventory, and overall cycle time can be decreased and on-time delivery increased by utilizing the science behind Factory Physics.

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