case analysis and questions on Analytics at Lie-Nielsen Toolworks

Case analysis:

· Identification of Problem(s),

· Decision Criteria,

· Analysis,

· Alternatives,

· Decision(s)/Recommendations

· Implementation.

  Case Questions

1. Given the facts of the case, describe the challenges which Lie – Nielson Tools works (LNT) faced and explain the impact of the challenges on the company’s growth.

2. Summarize the reasons why human resource acquisition and retention is the major challenge for LNT and explain the strategies to overcome the challenge.

3. Describe the different types of waste which LNT experience in its production process and explain the impact it had on the company.

4. Explain the important skill, which Tom’s employees are lacking. State in your opinion how best they can be equipped with the skill set.

5. Describe the concept of lean manufacturing process and explain why Toyota is popular with this production process. Explain if the lean process is suitable for LNT and state the advantages of the process.

6. Summarize the impact of poor inventory management on LNT and describe the implications of stock out and back orders on the company.

7. Distinguish between the ERP system and Fulfil.io system and explain the issue, which LNT had with the ERP system.

8. Assume you are a Business Analytic consultant; explain the process of adopting analytics process for LNT and state the implications on LNT’s business performance. In your opinion, what process should LNT follow to execute a successful analytic design and team?

9. Describe the component of the case difficulty cube, state the concepts in the NLT case and explain how you would position the case on the case difficulty cube.

Video Links

https://www.youtube.com/watch?v=liIiwKwRQtY

https://www.youtube.com/watch?v=V8u9duVNxdo

https://www.youtube.com/watch?v=6dFrvwuHxNM

https://www.youtube.com/watch?v=7ER8E6f8YX8

 

(2 marks each for template sections = 12 marks, 2 marks each for questions 1 -7 =14 marks 7 marks each for questions 8 and 9 - Total = 40 marks)