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Variability: Managing the Variability in Operations

In: Operational Excellence

Author

Listed:
  • Gilad Issar
  • Liat Ramati Navon

Abstract

The statistical nature of the operations consist of several variables as production equipment performances, people proficiency, process stability and few others. When we apply certain methodologies in planning and managing this variability we can minimize and diminish the effect the variability in the operations on its efficiency, output and financial results. These methodologies are significantly cost effective in compare to the alternative of building more plants for production and high capital investments in production equipment.

Suggested Citation

  • Gilad Issar & Liat Ramati Navon, 2016. "Variability: Managing the Variability in Operations," Management for Professionals, in: Operational Excellence, edition 1, chapter 34, pages 157-158, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-319-20699-8_34
    DOI: 10.1007/978-3-319-20699-8_34
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