In this dissertation, the learning cure theory will probably be discussed, and in addition applying to L+H fashion limited (L+H) that can benefit by using the learning contour. In the last section, the constraint of learning curve is likewise discussed. Component A (i) Introduction for learning contour theory Learning curve can be described as concept that measuring the experience of a skill gained by an organization, and how fast it can be master.
As the knowledge gained, the workers performance will probably be improve, period taken will be decrease, and then the productivity will grow up.
Also, relating to Steven (2010), learning curve can be described as significant technique for management to predict enough time needed for the near future task (p. 1). It is also useful for the several areas, for instance, making a pricing or perhaps budgeting decision, estimate the wages cost and organizing schedule of. In addition , learning curve will be based upon the task doing by individual and should be in repetition. And Steven (2010) speak about that the learning curve will not help to lessen cost, it only takes place when the management take action. Introduction intended for the organization
Inside the following section, the learning contour theory will probably be apply to L+H Fashion Limited (L+H), they are manufacturing of knitwear which can be 100% handmade and also produced in Hong Kong, by design, product development, knitting, backlinks, stitching, labels to the labels. (ii) Advantages First of all, the training curve may be applied in L+H as there are many methods is doing by simply human and people procedures is going to unchanged because of L+H is merely produce the knitwear, as well those treatment are in repetition. Just like stitching, the workers have to seal those areas of the knitwear by hand.
From this situation, the learning curve could be apply, since if the staff member stitching the first knitwear, it will take more time to find out the way in which. Move to the second one, the worker is going to more confidence and quicker to stitch it, in repetition the work, the staff member can be even more efficiency. Furthermore, since they would want to be a large fashion brand in Hong Kong, and providing high quality knitwear to the various other high vogue brand, and so they are now considering should they accept the new contract, build up their own brand or both.
The learning curve can be use to supporting them to consider the spending budget, pricing, finding the design pests, future operation decisions and determine a persons resourse. Cost management In this case, in case the learning influences taken into L+H, it can be easily to enable them to evaluate the charge of learning and the period reduction. It might provide a trusted standard to measuring using the performance of the product line. Therefore , the management can obtain the most near details, giving them a forecast of revenues and expenditures. Therefore, they can examine their performance, and control the waste materials from error, setting the budgeted aim.
Beside the goals set by the learning effect is more inspiration for the employees. Such as creation budgeting, they will estimate the production unit to fulfill the budgeted goal. Given that they would like to give you the knitwear for the new agreement, they can forecast the cost, recruiting and materials need for the brand new contract. They need to use learning curve, as the simple examination will overlooked the learning result, so that the efficiency may undervalue. It can also assistance to set a regular for leading the workers, value to ake sure the quality of knitwear, control the charge and to build the bonus plan. In order that the management will tell you the knitwear having a top quality to fulfill their goal that being a excessive fashion manufacturer. They can also estimate the product cost, considering that the cost is main element pertaining to pricing decision To conclude, it will help L + H for budgeting, since it can give all of them a accuracy forecasting, to let them build a budgeted goal to motivate the workers, to measure their performance more specific, and the management can use setting out strategies for standard the work. Pricing
It can benefit in prices strategic. Because the learning contour can be determine the cost, personnel for the work and forecast time of the entire project. As an example, the techniques of knitwear are made by workers, in order that the labor costs become significant factor. They will foresee simply how much for the labor cost before that they accept the contract. Also the material expense. In addition , when the production maximize and the expense will be drop down, they can promote the knitwear at a lower price, and attracting the newest customers choosing L+H also to gain industry share on the high trend cycle.
So that they can produce even more knitwear and the cost will be further lower. To summaries of the prices, it is ideal for them to producing price decision, use to possessing a lower price which is attracting the brand new customers. Making decisions ” foreseeable future operational Finally, it can help supervision to making decision for foreseeable future operation by using the data provide by learning effect. L+H can consider should they provide the knitwear towards the other manufacturer or build up their own brand. Because the methods are limited, they can understand the most successful future operation decision.
In additional, they can also consider if he or she provide training course to the staff member, to make the treatment become more efficient. Furthermore, they can plan to help to make advertising or giving low cost to the customer, because they become more efficient and the expense will be deduced, so that they can have more budgets. And this action could make them become more famous and attract the brand new customers. In concluding of the part, it really is useful for those to find out the company orientation which can be most gain for them, and the future actions should be producing. Detected the designed bugs
Moreover, they will find out the designed bugs and correct it immediate. Because the L + H will perform the task replication, so that there are more product produce with the same equipment. The designer can seek out the insufficient of the design of knitwear. It is assistance to devolve their product and make this more ideal. Moreover, it will help to reduce the waste of error and to reduce the labor hours since they can find out which usually part is wasting methods and to upgrade the knitwear. Thus, they can know how to utilize the lower cost to help make the better knitwear.
To sum up, since the designed bugs can be detected, they can prevent the waste of fabric, time and the labor hours. Also it can utilized to improve their merchandise. Determining individual resourses For determining your resourses, while L+H are more efficient, the management can easily reassign the manpower, eliminate the unnecessary job or generate additional member of staff. So that they can make sure the deal can be finish on time and the quality will not be affect possibly they have to create more knitwear. At the same time, your resourses could be use in the easiest way.
It can also help to plan the schedule of work to hit the production target, and forecast in the date of delivery. A round up on this part, the human resourse could be reallocate, and it is useful for price saving. Part B Limitations Firstly, there exists an assumption of learning curve the production has to be continues much less of significant impediment. In case there is the obstacle occur the training curve will probably be change. For example , when the organization employed a new worker to participate the experience, because of the learning curve performed by the experienced staff, the brand new worker will not be subject to learning curve.
Subsequently, any modify of the learning environment just like design, the supply level and quality of materials, employee’s morale and people attribution, is going to affect the learning curve. For example, the upgrade of services may affect the knowledge of the worker, their productivity may well drop down, so the learning contour may out of date. Also, as learning contour is based on time of producing, nonetheless it is rarely to ensure the true data get for the calculation, in order that the management requirement may be wrong.
The company lifestyle may also effect the learning contour, such as the reward for personnel, working several hours per day. For example , the employee zeal with the task will decrease if the job nearly end, it will make the competition drop down. In additional, big difference people having difference absorptive capacity, so that the time of polishing off task will be difference. Lack of consistence can be fail to meeting target which is decision by simply learning curve theory. Finally, the learning competition need the process is in repetition, if the job is not repetitive the learning curve can not be applied. Summary
To conclude with the whole composition, the learning competition is a tool for management making decision and to be a little more efficiency to achieve the aim. Also, the training curve could be use in ways. In part A (ii), reviewed in the using learning contour in L+H, they can use it for budgeting ” aiding them to define the company target and assistance, pricing ” to having a lesser price to improve their value competitiveness, decision making ” to make the decision the most profitable general way, detect the structure error ” to make the style become more best and decide the human resourse ” to use the staff members most efficient.
To enable them to seek out the best way to continues all their business. In the next part, the constraints of learning curve are discussed. You will find six limitations have been übung, the learning competition is not enough continuity, generally there shouldn’t possess any change of learning environment, the problem of obtaining the information, the corporation culture, man learning ability and the duplication of process. Reference List 1 ) Steven, Grahame, (1999) ‘The learning shape: from aeroplanes to spacecraft? Management Accounting, May 1999 2 . http://secure. gslb. cimaglobal. com/Documents/ImportedDocuments/ma_may_99_p64-65. pdf file [assessed 01. 14. 2012] 3. Steven, Grahame, (2010) ‘The learning curve: The key to long term management? ‘ Research executive summary series, 6(12) 5. Steven, Grahame, (2004b) ‘Steep in history’ CIMA Insider, Jul/Aug., pp. 23-24 5. Steven, Grahame, (2004a) ‘A minor departure’ CIMA Insider, Sep., pp. 24 6th. L+H Trend Limited http://www. lplush. com/LplusH. html [assessed 01. 11. 2012]