Decision Making Tools: Part: I-Production Order Decision Making from Multiple Product Choice and ProductionConstraints

"Somewhere along the line of development we discoverwhat we really are, and then we make our real decision for which we areresponsible. Make that decision primarily for yourself because you can neverreally live anyone else's life." -----Eleanor Roosevelt


Good decisions are the roots of success, and at times thereare moments when the process of decision making can be difficult, perplexing,and nerve-racking. However, the boldest decisions are also the safest. Nothingsucceeds a success better than another sweet success.

A leader is a person who knows and recognizes his/herfeasible limits set by his/her surroundings. A leader recognizes what is underhis/her control and what is not, and has the ability to accept the first andextend the second one. There is an old saying that goes like "If there isa will, then there must be a way". In fact the opposite of this is the truth,i.e. "If there is a way, then there must be a will". If there aregaps in the feasible region and if one ignores one or some constraints, andthen one can invite big trouble, e.g., willingness beyond ones' ability.Willingness alone is not sufficient to carve out a way. Willingness, ability,dedication and determination to apply are necessary ingredients of success. Itis therefore very important to understand ones abilities and expertise as wellas ones constraints. Any decision made without acknowledging both, the abilityand the constraints can invite more disaster and no progress. Often, because offrustrations or ignorance of decision making science while facing a difficultproblem, one may unfortunately solve it by creating a bigger problem. Thisstrategy may get rid of a present problem but it creates a new problem as aside effect. The decision making tools help us in taking the right decisions.These tools are simple to understand and follow. But the outcome is remarkablyclear and correct.

In day to day business we all encounter situations where weare confronted with various propositions which come attached with severalopportunities and constraints. With this paper we will start a series of papersthat will take a look at some of the simple but effective decision makingtools. As business decision becomes more and more complex we may need to takehelp of more that one tool to arrive at the right conclusion.

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About the Author:

The author isthe Executive Director of Sportking Institute of Fashion Technology, Ludhiana and has working experience of over thirty years in knitting. He is also aqualified professional in Total Quality Management, Kaizen and LeanProduction. He has his own company in the name and style of M/s TechknitOverseas Pvt. Ltd. and has worked as Indian agent of the top three computerizedflat bed knitting machine manufacturers for many years. Currently he alsolooks after the interests of Toyota Tsusho India Pvt. Ltd. an associate companyof the famous Toyota Automobile Company of Japan for Punjab and surroundingareas. He is also working as a marketing consultant for a Chinese Machinery ManufacturingCompany and as TQM consultant for a few Knitwear Companies.

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