Decision Making Tools: Part: I- Production Order Decision Making from Multiple Product Choice and Production Constraints
"Somewhere along the line of development we discover what we really are, and then we make our real decision for which we are responsible. Make that decision primarily for yourself because you can never really live anyone else's life." -----Eleanor Roosevelt
Good decisions are the roots of success, and at times there are moments when the process of decision making can be difficult, perplexing, and nerve-racking. However, the boldest decisions are also the safest. Nothing succeeds a success better than another sweet success.
A leader is a person who knows and recognizes his/her feasible limits set by his/her surroundings. A leader recognizes what is under his/her control and what is not, and has the ability to accept the first and extend the second one. There is an old saying that goes like "If there is a 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 are gaps in the feasible region and if one ignores one or some constraints, and then 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. It is therefore very important to understand ones abilities and expertise as well as ones constraints. Any decision made without acknowledging both, the ability and the constraints can invite more disaster and no progress. Often, because of frustrations or ignorance of decision making science while facing a difficult problem, one may unfortunately solve it by creating a bigger problem. This strategy may get rid of a present problem but it creates a new problem as a side effect. The decision making tools help us in taking the right decisions. These tools are simple to understand and follow. But the outcome is remarkably clear and correct.
In day to day business we all encounter situations where we are confronted with various propositions which come attached with several opportunities and constraints. With this paper we will start a series of papers that will take a look at some of the simple but effective decision making tools. As business decision becomes more and more complex we may need to take help of more that one tool to arrive at the right conclusion.
About the Author:
The author is the Executive Director of Sportking Institute of Fashion Technology, Ludhiana and has working experience of over thirty years in knitting. He is also a qualified professional in Total Quality Management, Kaizen and Lean Production. He has his own company in the name and style of M/s Techknit Overseas Pvt. Ltd. and has worked as Indian agent of the top three computerized flat bed knitting machine manufacturers for many years. Currently he also looks after the interests of Toyota Tsusho India Pvt. Ltd. an associate company of the famous Toyota Automobile Company of Japan for Punjab and surrounding areas. He is also working as a marketing consultant for a Chinese Machinery Manufacturing Company and as TQM consultant for a few Knitwear Companies.