Wednesday, May 6, 2020

Learnings in Operations Management from Henry Ford, Sloan...

The success of Henry Ford till 1925s Henry Ford did not invent the automobile. He didn’t even invent the assembly line. But more than any other single individual, he was responsible for transforming the automobile from an invention of unknown utility into an innovation that profoundly shaped the 20th century and continues to affect our lives today. Model T (A car for everyman) In simple terms, the Model T changed the world. It was a powerful car with a possible speed of 45 mph. It could run 25 miles on a gallon of gasoline. It carried a 20-horsepower, side-valve four-cylinder engine and two-speed planetary transmission on a 100-inch wheelbase. It was Henry Ford’s foresight which saw the potential market of automobiles. In his†¦show more content†¦Advantages of assembly Line : In his autobiography Henry Ford (1922) mentions several benefits of the assembly line including: ï‚ · ï‚ · ï‚ · ï‚ · ï‚ · Workers do no heavy lifting. No stooping or bending over. No special training required. There are jobs that almost anyone can do. Provided employment to immigrants. The gains in productivity allowed Ford to increase worker pay from $1.50 per day to $5.00 per day once employees reached three years of service on the assembly line. Ford continued on to reduce the hourly work week while continuously lowering the Model T price. Interchangeable/Standard Parts Centre to the concept of assembly line was the concept of interchangeable parts. Interchangeable parts meant that all the cars had same components at same place. This saved time which could have been wasted in sorting and identification of different parts. Henry Ford made sure that all components were standardised in the production of Model T. But it was not only parts which were standardised, Henry Ford also standardised all the processes. Following Frederick Taylor’s â€Å"One right way to do the task†, Henry Ford devised the best possible way for a process. 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