BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P3D REFRESH-INTERVAL:P3D CALSCALE:GREGORIAN BEGIN:VEVENT DTSTART:20190614T140000Z DTEND:20190614T153000Z X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:Hub Huddle: Theory of Constraints: Making More Profits without Hiring More People DESCRIPTION:Hub Huddles are an opportunity for manufacturing leaders to share\, on a peer-to-peer basis\, best practices for growth and strategies to overcoming challenges.\n\n\n\nTheory of Constraints: Making More Profits without Hiring More People\n\nPresented by Mike Willett\, CIRAS Project Manager \n\n\n\nThe Theory of Constraints is a business management approach for manufacturers that identifies and controls those things in a business that limit the company's ability to achieve its goals. Join us for the next Hub Huddle that includes a one-hour live simulation that compares the financial performance of five common manufacturing philosophies and improvement methods. \n\n\n\nThe simulation creates a value stream with four processes each with an operator\, a supervisor over the line\, and an accountant that keeps track of the data. Each operator rolls dice to determine hourly capacity then moves that number of blocks through the process. Each block has a raw material cost and a final sales price\, while we've defined a given labor and overhead expense for every 10-hour shift. At the end of each shift\, the financial performance of each scenario is calculated. Then\, we evaluate the five scenarios:\n\n\n\n1. A totally balanced line with all four processes having equal capacity.\n\n2. A balanced line with variation.\n\n3. A balanced line with a constraint in the process.\n\n4. A balanced line with a constraint and pull manufacturing implemented.\n\n5. A balanced line with a constraint\, pull\, and an exploited constraint.\n\n\n\nEach shift is stopped halfway through to ask the supervisor questions based on what they see. The whole process takes one hour\, including discussion.\n\n\n\nWho should attend?\n\nThis is typically a great short-term\, educational event designed to generate a lot of improvement thoughts related to system design. Although geared for training purposes for all levels of manufacturing management\, it can be easily transferred to the management of any company that uses a sequential step-by-step approach to delivering a product or service.\n\n\n\nAbout our speaker:\n\nMike Willett has spent the past 23 years helping companies improve their bottom lines as a Productivity Project Manager for Iowa State University's Center for Industrial Research and Service (CIRAS). Before joining CIRAS\, Mike spent 20 years working in manufacturing in jobs such as vice president of operations and production management\, quality control\, and manufacturing engineering. He has a bachelor's degree in industrial technology and a master's degree in industrial supervision and management. Mike also is a certified Lean instructor and a Theory of Constraints Jonah.\n\n \n Time will be provided for Q & A and networking with other attendees.\n\n \n\nThis event is free to attend. Please register at quadcitieschamber.com.\n\n\n\n**NOTE: Free on-street\, two-hour parking is available in downtown Davenport\, or there is a parking garage one block south of the Quad Cities Chamber office at the corner of Ripley & 2nd Streets (enter from Harrison). Pay at the Parkmobile kiosk PRIOR to coming into the building.**\n\n\n\n \n\n\n \n \n This program is presented by the Quad Cities Chamber's Quad Cities Manufacturing Innovation Hub and the Defense Industry Adjustment Program. \n \n \n\n\n \n\nLeading Organizations:\n\n\n\n\n\n \n\nAcknowledgment:This content was prepared as part of the Illinois Defense Industry Adjustment Program\, a partnership between the University of Illinois System\, the Quad Cities Chamber of Commerce\, and the Voorhees Center at the University of Illinois Chicago (UIC)\, with financial support from the U.S. Department of Defense\, Office of Economic Adjustment (OEA). It reflects the views of the Quad Cities Chamber of Commerce and does not necessarily reflect the views of the OEA. For more information\, please visit www.IllinoisDIA.org. X-ALT-DESC;FMTTYPE=text/html:Hub Huddles are an opportunity for manufacturing leaders to share\, on a peer-to-peer basis\, best practices for growth and strategies to overcoming challenges.
\n
\nTheory of Constraints: Making More Profits without Hiring More People
\nPresented by Mike Willett\, CIRAS Project Manager \;
\n
\nThe Theory of Constraints is a business management approach for manufacturers that identifies and controls those things in a business that limit the company&rsquo\;s ability to achieve its goals. \;Join us for the next Hub Huddle that includes a one-hour live simulation that compares the financial performance of five common manufacturing philosophies and improvement methods. \;
\n
\nThe simulation creates a value stream with four processes &ndash\; each with an operator\, a supervisor over the line\, and an accountant that keeps track of the data. Each operator rolls dice to determine hourly capacity then moves that number of blocks through the process. Each block has a raw material cost and a final sales price\, while we&rsquo\;ve defined a given labor and overhead expense for every 10-hour shift. At the end of each shift\, the financial performance of each scenario is calculated. Then\, we evaluate the five scenarios:
\n
\n1. A totally balanced line with all four processes having equal capacity.
\n2. A balanced line with variation.
\n3. A balanced line with a constraint in the process.
\n4. A balanced line with a constraint and pull manufacturing implemented.
\n5. A balanced line with a constraint\, pull\, and an exploited constraint.
\n
\nEach shift is stopped halfway through to ask the supervisor questions based on what they see. The whole process takes one hour\, including discussion.
\n
\nWho should attend?
\nThis is typically a great short-term\, educational event designed to generate a lot of improvement thoughts related to system design. Although geared for training purposes for all levels of manufacturing management\, it can be easily transferred to the management of any company that uses a sequential step-by-step approach to delivering a product or service.
\n
\nAbout our speaker:
\nMike Willett has spent the past 23 years helping companies improve their bottom lines as a Productivity Project Manager for Iowa State University&rsquo\;s Center for Industrial Research and Service (CIRAS). Before joining CIRAS\, Mike spent 20 years working in manufacturing in jobs such as vice president of operations and production management\, quality control\, and manufacturing engineering. He has a bachelor&rsquo\;s degree in industrial technology and a master&rsquo\;s degree in industrial supervision and management. Mike also is a certified Lean instructor and a Theory of Constraints Jonah.
\n \;\n
​\;Time will be provided for Q &\; A and networking with other attendees.
\n\n
 \;
\nThis event is free to attend. Please register at quadcitieschamber.com.
\n
\n**NOTE: Free on-street\, two-hour parking is available in downtown Davenport\, or there is a parking garage one block \;south of the Quad Cities Chamber office at the corner of Ripley &\; 2nd Streets (enter from Harrison). \; Pay at the Parkmobile kiosk \;PRIOR to coming into the building.**
\n\n

\n \;
\n\n\n \n \n \n \n \n
This program is presented by the Quad Cities Chamber'\;s Quad Cities Manufacturing Innovation Hub and the Defense Industry Adjustment Program. \;
\n\n
 \;
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Leading \;Organizations:
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\n\n
 \;
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Acknowledgment:This content was prepared as part of the Illinois Defense Industry Adjustment Program\, a partnership between the University of Illinois System\, the Quad Cities Chamber of Commerce\, and the Voorhees Center at the University of Illinois Chicago (UIC)\, with financial support from the U.S. Department of Defense\, Office of Economic Adjustment (OEA). \; It reflects the views of the Quad Cities Chamber of Commerce and does not necessarily reflect the views of the OEA. For more information\, please visit \;www.IllinoisDIA.org. \;  \;  \;
\n LOCATION:Quad Cities Chamber Arconic Room 331 W. 3rd St. Davenport\, IA UID:e.2843.15362 SEQUENCE:3 DTSTAMP:20260422T131826Z URL:https://member.quadcitieschamber.com/events/details/hub-huddle-theory-of-constraints-making-more-profits-without-hiring-more-people-15362 END:VEVENT END:VCALENDAR