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Manufacturing Essay Examples

The relationships between budget targets and performance evaluation procedures of HCC Industries

...Regulations or rather controls need to be based on trends. Trends help the organization a great deal in telling the possible outcomes. As such, regulations should be put in place in order to achieve this. Interaction, on the other hand, gives room for communication. Communication of goals acts as a pathway to achieving of targets. The rewards need to be based on degrees of performance. Rewards are basically there to give incentives to the members. Under the stretch budgeting, rewards were merely...

Toyota production system

...The supply chain management (SCM) is a key strategic factor for enhancing organisational effectiveness and achieving organisational goals. With the globalisation of the markets and increase in outsourcing companies use supply chain and logistics techniques to manage their operations. Toyota’s supply chain management approach focuses mainly on resources that were of critical importance. Toyota created a Keiretsu structure comprising of the dependent suppliers that worked in close proximity to t...

Mass Marketing and Mass Customization

...In addition to feeling intense pressure from low-cost international competitors, these organizations have to deal with rising raw material cost, customers demanding high quality service, support, and product variety. Mass customization has snuck up on many of us. It has happened gradually and has moved from industry to industry without carrying the “mass customizing” label. We have gotten used to having our products and services customized without having the label “mass customizing” used...

Zara Postponement Strategy

...Chaudhry, H.R. (2010). Postponement and Supply Chain Structure [pdf]. Available at: http://repository.lib.ncsu.edu/ir/bitstream/1840.16/6468/1/etd.pdf Cheng, T.C. and Choi, T.M.(2010). Innovative Quick Response Programs in Logistics and Supply Chain Management. Heidelberg: Springer, 54-57 Ferdows, K., Lewis, M.A., & Machuca, J. (2004). Rapid Fire Fulfillment. Harvard Business Review, November 2004, 104-110 Garciá-Dastugue, S. and Lambert, D.M. (2007). Interorganisational Time Based Postpone...

Lean Operations

...CHOWDARY, B. and GEORGE, D. (2012). Improvement of manufacturing operations at a pharmaceutical company: A Lean manufacturing approach. Journal of Manufacturing Technology Management, 23 (1), 56-75. ČIARNIENĖ, R. and VIENAŽINDIENĖ, M. (2012). Lean Manufacturing: Theory and Practice. Economics and management, 17, 732-738. CUDNEY, E.A., FURTERER, S.L. and DIETRICH, D. (2013). Lean Systems: Applications and Case Studies in Manufacturing, Service, and Healthcare. 1st ed., CRC Press, Taylor &...

Plant layout

...Plant layout refers to the arrangement of physical facilities such as machines, equipment, tools, furniture etc. in such a manner so as to have quickest flow of material at the lowest cost and with the least amount of handling in processing the product from the receipt of raw material to the delivery of the final product. Plant Layout is a plan of an optimum arrangement of facilities including personnel, operating equipment, storage space, material handling equipments and all other supporting se...

The Tao of Timbuk2

...Raw materials arrive at the plant→ customer order their customized product→ materials are bundled or assembled for customized product→ materials are sewn to make customized bag→ finished product is tagged and packed→ distribution inventory→ product sent to mode of delivery, such as cargo ship, shipment company→ product delivered to customer Timbuk2 should also consider labor costs as well of manufacturing costs. It will probably be in their best interest to have as many bags as pos...

Spoilage and Inventory Management - Quiz

...4. (TCO 6) Libations Corporation manufactures a line of flags. The annual demand for its flag display is estimated to be 100,000 units. The annual cost of carrying one unit in inventory is $1.60, and the cost to initiate a production run is $50. There are no flag displays on hand, but Libations had scheduled 60 equal production runs of the display sets for the coming year, the first of which is to be run immediately. Libations Corporation has 250 business days per year. Assume that sales occur u...

Case Study: Lean Implementation at Siemens' Kalwa Plant

...Lean manufacturing is designed in such a way that it will not leave any room for problems and mistakes to hide if it is implemented correctly. As such implementation of lean manufacturing will force all wastage, problem and mistakes to surface. The monitoring team must be assign to continuously monitor for such case and appropriate action must be taken to solve or improve. Continuous sustainability can only be achieved if improvements are carried out continuously by capable people truly understa...

Assignment Verbal and Non Verbal Communication

...Answer 1.2. A capital good is a durable good that is used in production of goods or services Capital goods are acquired by a society by saving wealth which can be invested in the means of production. Individuals, organizations and governments use capital goods in the production of other goods or commodities. Capital goods include factories, machinery, tools, equipment, and various buildings which are used to produce other products for consumption. Capital goods, then, are products which are not ...

Production Planning and Control

...Centralization or decentralization of duties of the production control staff depends upon the design of the production planning and control system. In a completely centralized setup, determination of shipping promises; analysis of sales, stock, and shop orders; preparation of routes, load charts, and schedule charts; and dispatching of work to the shop complete with job tickets and all other necessary paper would be accomplished by a central production planning and control unit. In addition, as ...

Just in Time Inventory Management

...Just-in-Time manufacturing also uses a pull system to move materials through the production cycle. For example, in a manufacturing business, materials do not move to the next step on an assembly line until that step or station is ready. This reduces the stockpiling of unfinished product at any stage in the production process. When the company eliminates bottlenecks, production speed or lead-time is faster. Process engineers must determine the maximum quantity any station in the production proces...

Industries in India

...Bad effects: The industrial centres attract population from rural areas and the density of population has increased in industrial centres. Lack of housing facilities has created many slums. The slum dwellers are suffering from lack of healthfacilities, housing, sanitation and water. The slums have become the centres of many anti-social activities. Recently in almost all the states, the Slum Development Boards have been set up to improve the conditions of slum dwellers. Excessive use of Technolog...

“The Boeing Company: Moonshine Shop”

...‘Everybody listens to everybody’ and ideas are out in the open. c)Keeping track of the things that didn’t work. The moonshine shop team made a ‘wall of shame’. So as you go the way, you know exactly what went wrong and then next time not to repeat the mistakes. It saves time, energy, it build knowledge, expands the way one thinks and approaches task. It results in No fear of failure. To try out something, and is it doesn’t work, it can be changed real quickly. As long as it is a cont...

American Connector Company

...Finished Goods Inventory- DJC carries 56 days of finished goods inventory as compared to 38 days of ACC and given the short life cycles of electronics, DJC faces high risk of being obsolete. (5) Demand Variability- DJC’s product oriented layout operated on high volumes and low variety production, thus reducing costs. However USA does not have a certain demand for such high volume products. How big are the cost differences between DJC’s plant and ACC’s Sunnyvale plant? Consider both DJC’s...

Managerial Accounting Quiz 1

...2. Elton Company uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in Department M. Conversion costs were 75% complete with respect to the 4,000 units in work in process at May 1 and 50% complete with respect to the 6,000 units in work in process at May 31. During May, 12,000 units were completed and transferred to the next department. An analysis of the costs relating to work in process at May 1 and to production activity ...

Process Design Matrix

...The product process matrix helps industries understand what their options are especially regarding a manufacturing function. Some firms can have certain traits that belong in the matrix, depending on what life cycle the product is on. By applying this concept into their strategic planning, industries are able to think outside the box and gain competitive advantage. In addition, using the matrix allows manufacturing managers to get involved more in the planning process so they can share their pro...

Case Study: Elio Engineering, Inc.

...The advantage is founder members have previous experience dealing with tier-one seat manufacturing company. The tier-one suppliers have strong relationship with OEM, easier to get US federal safety standard, and high volume manufacturing and distribution. The disadvantage is Elio only have less control over the core ABTS technology and lower profit margin. If Elio build the relationship with OEM, the advantage are high market share, sufficient resources and matured strategies, secured market and...

Introduction to Quality Systems

...Agility is an important factor in being competative. Agility is a term that is commonly used to characterize flexability and short cycle times. Flexability refers to the ability to adapt quickely and effictively to changing requirements. Agility is important in process design because you need to be able to be flexible and able to adapt quickely to whatever kind of situation you may encounter. An example of an enabler of agility would be having a close relationship with customers to understnad t...

Tuscan lifestyles: assesing customer lifetime value

...The company could also identify high margin products related to the products this customer group is currently purchasing and market them aggressively to this group. Also, the company should not ignore the customers making purchases less than $50 as they do form a major part of the company revenues. However, the company should save on the catalog costs and reduce the number of catalogs sent to this group of customers. For these customers the company should determine the product lines that these c...

Product costing and cost accumulation in a batch production environment

...After the preceding issues have been handled, students generally are quite interested in job-costing concepts, particularly those who have worked in a family business or who plan to start their own business. Students are also interested in job costing in a service enterprise (discuss something as basic as the activities of a sports agent who represents clients across the country) and the impact of changing manufacturing techniques (such as the acquisition of new, state-of-the-art production tech...

Shelby Shelving Company

...Nevertheless a strenuous analysis performed by Microsoft Excel with Solver Add-in indicated that for optimum revenue increasing production of design S to its assembly capability limitation. The reasoning behind this outcome is that Design S has lower direct material, direct labour cost and variable overhead cost than Design LX so producing more Model S will allow company to compensate fixed assembly expense better. As a result increasing Model S production approximately its assembly capacity and...

Case Preview and Questions for Anagene, Inc.

...The total plant overhead is fixed, and when a product line is dropped, each product line has higher overhead allocated, and eventually Youngstown becomes unprofitable. 5. What does the situation at Youngstown (a low-tech manufacturing firm making decisions to shrink sales over time) have to do with the situation at Anagene (a high-tech firm making decisions to grow sales over time)? Anagene is facing a similar situation. If Anagene continues to use budgeted manufacturing volume when determine th...

The nine competitive priorities

...However, large inventories provide no advantage with regard to customization either. It remains unlikely that a customized product will be found in inventory, no matter how large. 8. Variety. Mass customizers compete on service or product variety. They will keep products at raw material or component levels until a customer orders a specific configuration. Inventories are at as low a level as possible. 9. Volume flexibility. Lean (low inventory) companies tend to produce the same quantity of eve...

SYM Company Profile

...In 2000; to meet the growing demand of motorcycles in the market, Mitsukoshi tied-up with Chongqing LIFAN Industry group Ltd. of China. This venture allowed MMPI to provide a wider product offering to the Philippine market. MMPI created EUROMOTOR in June 2006 in order to establish a Philippine motorcycle brand. Popular brands such as Euro DaanHari 150 and Euro GTX 150 gained a warm reception from the local market. In June of 2006, in order to establish a Philippine brand motorcycle, Mitsukoshi c...

Emerging Markets: Brazil Case Study

...ON ETHICS: While President Rousseff’s critics accuse her of ignoring Brazil’s lack of comparative advantage in manufacturing, her supporters argue that her policies force Brazil to reduce its dependence on foreign-made manufacturing goods. If you were to participate in this debate, which side would you be on? I would be on the side of her supporters. Through research, I have found that Brazil has extraordinary potential to grow its agricultural sectors through industrialization. By reducing...

Effects of Communication on Employee

...On the other hand, the process motivation theory adopted for this study is the goal theory of motivation. In the late 1960s, Edwin Locke proposed that intentions to work toward a goal are a major source of work motivation (Locke and Latham, 1990). That means the goal will tell the people what needs to be done and how much effort will need to be put in order to fulfill the goal and target of the organization (Locke and Latham, 1990). The key steps in applying goal setting are: (1) diagnosis for r...

Modern Management Techniques

...In practice, ABC identifies direct and indirect activities, and allocates the costs into ‘cost pools’, each of which have ‘cost drivers’, (cost drivers are any factors that have an effect on the amount of resources to be consumed by a particular activity). Once these cost drivers are identified, it is allocated a calculated rate, which is used in the calculation of the amount of cost to be charged to that output, depending on usage. The diagram below further explains the process of Acti...

Shipper Manufacturing Case Study

...In order for the objectives to be completed, eliminating flaws is necessary while still keeping the products at a high quality standard. Focusing on delays in the workplace is another step that can be taken to complete the said objectives throughout the process. Creating strong communication channels throughout the entire workforce is also essential in building a strong manufacturing team. Standardized procedures for management and organization should be spread across the Advanced Products Divis...

Process Design for Riordan Manufacturing

...Apollo Group, Inc. (2005, 2006, 2012) Copyright Riordan Manufacturing Virtual Organizations Portalhttps://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/Riordan/Ops/SupplyChain.asp?hangzhou Chase, R.B., Jacobs, F. R., & Aquilano, N.J. (2006) Operations management for competitive advantage (11th ed). New York: McGraw Hill/Irwin European Business Review © Heinz Weihrich retrieved June 17, 2012 from http://www.usfca.edu/fac_staff/weihrichh/docs/germany.pdf The Eight Elements of TQM (2012). ...

Owens & Minor Case Study Solution

...* Internal systems at hospitals (e.g. budgeting, compensation) were tied to cost-plus percentages. * Product prices with cost-plus percentages were used to determine transfer pricing between hospital departments * Technological barriers: Customer has to change to an EDI system (electronical data input) * Hospital would have to change its systems and procedures for material handling * For a hospital to benefit it would have to be willing to change and shed personnel, equipment and warehousing spa...

Beck Manufacturing & Plant Capacity

...Anderson, S. W. (2001). Direct and indirect effects of product mix characteristics on capacity management decisions and operating performance. International Journal of Flexible Manufacturing Systems, 13(3), 241. Retrieved from http://search.proquest.com/docview/201484655?accountid=32521 Bloodgood, J. M., & Katz, J. P. (2004). MANUFACTURING CAPACITY, MARKET SHARE, AND COMPETITIVENESS. Competitiveness Review, 14(1), 60-71. Retrieved from http://search.proquest.com/docview/213035530?accountid=3...

Case Study Nike

...The manufacturing companies involved with Nike’s brand image and business, as a whole should be required to follow Nike’s standards of ethics. When referring back to organizational design, extreme use of supervision is key. Even if Nike were to implement the idea of taking action of supervising every factory to focus of labor issues alone, it would give them the information needed to know if they should be outsourcing with those manufacturing departments. This could lead to the manufacturing...

Woodmare Case Study Answer

...If I were home help, I would accept the proposal. This is due to the fact that several companies that have formed an alliance with manufacturing companies to adopt a time-based logistical strategy have reported success. This implies that there is a high likelihood of increasing profitability by forming an alliance with Woodmere Company. Moreover, the plan would probably enhance the company’s competitive advantage. The fact that Woodmere plans to advance in Information Technology is also an add...

ABC company's Risk Profile

...The Risk profile for this company includes several different factors that are mostly due to current market conditions, and the level of risk the company will face by adding extra inventory and expenses. Unfortunately risk is a reality of doing business, whether the company is large or small, public or private, risk will always be present since nothing on the business world warrants a guarantee. Some of the key risk points are: Inventory represents a big portion of the cash flow, therefore having...

Hershey’s Homework

...In the production of Hershey’s chocolate a continuous process is used because different processes are performed using multiple machines with long production runs to turn out the finished product over time. For example, the cleaning of the imported cocoa beans takes place on one machine while the sorting, roasting and blending of the beans take place on different machines and when all of those processes and components (addition of milk, sugar etc.) are complete the chocolate must be refined and...

Traditional Investment Appraisal Techniques

...Despite of the critics developed from the scientific community about traditional financial investment techniques the empirical evidence does not show a high level of integration between strategic and financial analysis approaches in the business practise. Partly adjusted traditional investment appraisal techniques are still dominating the evaluation of investment projects, while risk analysis approaches remain relatively unsophisticated. The emergent strategic investment analysis tools developed...

Aircraft Engine Industry: Ge Aviation and Rolls Royce

...Late mover advantages include changes in technology, free-rider effect, incumbent inertia and information spillovers (Phatak, 2009). Both GE Aviation and Rolls Royce overcame the first mover advantages through the alliances they formed and knowledge they shared with their joint ventures and strategic alliances. Both Rolls Royce and GE Aviation stem from parent companies that had immense experience in the manufacturing industry already. The new trade theory educates firms on how to enter into a m...

Cost of Quality and Trade-Offs

...The other failure cost is External and these are failures that are discovered by the consumer once they have purchased the product. These can carry a much higher cost when found by the consumers. These costs can include Warranty repairs or replacements, costs of having a customer care center or call center to deal with customer complaints, discounts to customers for current or future products and Legal action if the failure of a product caused some type of personal injury. Based on the 3 types o...

Case Study: Quality Parts Company

...Factory workers should become their own inspectors that would personally be responsible for the quality of their output. In this way, QPC can save more money and more time. Also, utilizing the labor and the machine does not coincide with lean philosophy. The focus should be more on flexibility and reducing the waste of overproduction. The installation of high rise shelving indicates an acceptance of wasteful inventory. This would just be added as a non-value step in their process. Lean philosoph...

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