Wednesday, October 9, 2019
Management - Honeywell International Essay Example | Topics and Well Written Essays - 1250 words
Management - Honeywell International - Essay Example This is done by producing high quality products at an efficient rate. Although this is a challenge to many companies, there are a couple of strategies that are used in order to improve the quality and also the production of goods and services. Using the case of the Honeywell International, the "Honeywell operating system" (HOS) will be analyzed and used as one of the many examples of the strategies that companies and organizations that want an increase in both their quality of goods and productions level apply. Summary The article ââ¬Å"From Bitter to Sweetâ⬠is about the Honeywell International which is a factory in Lincolnshire that produces electronics. 8 years ago, it adopted a new production system which is commonly known as the "Honeywell operating system" (HOS) and was the reason for the transformation of the once known troubled giant into the successful company that it is known today (From Bitter to Sweet, 2012). HOS has proved fruitful from the results that have been w itnessed by the company. It is reported that there is an improvement in productivity. The sector has become more efficient. What they used to produce and deliver in 42days is now done within 10 days. Their sales have increased by 72% with a period of nine years and their profits have doubled over the years to $4 leading to an increase in revenue. The history of Howell dates back to 1999 where the original Honeywell was bought by a company known as Allied Signal and the joining of the two companies proved to be hard because of the different management structure. But when Mr. Cote took it over in 2002, he brought new cultures that included 12 behaviors and reshuffling of the portfolio and also introduced HOS. These improvements seemed remarkable. Today Honeywell is in a strong and stable position in the industry despite having many competitors like the Johnson Controls, United Technologies among others. Although there were some problems experienced in the implementation of the new str ategy like employees resistance to the changes, the companyââ¬â¢s share prices has far outperformed the S&P 500 and has even opened other branches both country wide and worldwide (From Bitter to Sweet, 2012). Analysis of the topic Improving the quality and production of a company is an important undertaking for organizations survival. Therefore organizations strive in order to be the best at what they do and to outdo their competitors and also to maintain their customers. From the case of the Honeywell International, we can see how the organization changed its operating system and became a very successful company. The HOS is known to be a system that assures quality and is based on the Six Sigma principle. Its core elements are made up of an improvement process that is continuous that is there should be the workforce involvement in operation processes and all the production processes are required to be in a way that is synchronized with the customer's needs. Another aspect of HOS is it emphasizes control geared production strictly to match customer requirements. This ensures that stocks are minimized hence provide an increases in productivity that is substantial (From Bitter to Sweet, 2012). Another name for this policy is the pull system. This system is market oriented and saves organizations the cost of forecasting and researching the market to see which products they can produce. Through fault minimization in the production area, the results will be that the company
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.