EIN 4401 Key to Sample Midterm 2 Closed book‚ Closed notes 1. (20 pts) Consider the following information about a small molding company that subcontracts to major toy manufacturers. A set of jobs‚ whose numbers indicate the order they arrived at the shop and ready to be processed are given below. Job | pi | di | 1 | 8 | 26 | 2 | 12 | 28 | 3 | 6 | 32 | 4 | 10 | 35 | 5 | 3 | 38 | 6 | 11 | 48 | 7 | 9 | 50 | 8 | 11 | 51 | 9 | 13 | 53 | 10 | 7 | 64 | a) Schedule the
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SCM 460 GLOBAL SUPPLY CHAIN STRATEGY Dr. Alex Rodrigues Logistics / Manufacturing Interface & Lean Logistics Class Topics • Topic 1: – • Describe the steps of Design For Logistics (DFL) Topic 2: – Understand the philosophy of Lean Manufacturing/Logistics Procurement Perspectives • Continuous Supply: Stockouts of raw materials or components can stop production and result in extreme cost. • Minimize Inventory Investment: One goal of modern procurement is to maintain continuous supply with
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Ohno Don’t Lean on Me! A partial Biography on Taiichi Ohno and the Lean System Topics of Discussion: -Transportation and Unecessary Inventory -Underutilization of Employees -Defects -Excess Motion -Overprocessing
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What do you consider to be the most important influence on Toyota’s Lean Production plan? (18 marks) Lean production is a manufacturing technique used to enhance efficiency and profitability. Its primary focus is speed of output by waste elimination. Waste is anything that does not add value to the end product. Many industries aside from manufacturing are now adopting lean principles. Lean productions consists of techniques such as Just in time (JIT)‚ Critical path analysis (CPA)‚ Kaizen and Time
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Applying Lean Logistics to SCM The system of interconnected businesses used to push a product from supplier to consumer is defined as a supply chain. Supply chain management (SCM)[1] focuses on managing the supply chain in an effort to improve the quality and time it requires to manufacture a product. The marriage of lean production and supply chain management creates lean supply chain management‚ which provides a much leaner and more economical supply chain for the product to flow
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Lean Manufacturing Principles: A Comprehensive Framework for Improving Production Efficiency by Auston Marmaduke Kilpatrick B.S. Mechanical Engineering‚ University of California‚ Los Angeles B.A. Philosophy‚ University of California‚ Los Angeles Submitted to the Department of Mechanical Engineering in partial fulfillment of the requirements for the degree of Master of Science in Mechanical Engineering at the Massachusetts Institute of Technology February 1997 © Massachusetts Institute
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However‚ American Greetings would need to implement component depreciation in order to fully align its depreciation practices with international standards. Although component depreciation is permissible under GAAP‚ it is not often used in practice. American Greetings would need to depreciate each component of an item of property‚ plant and equipment separately if its cost is significant in relation to the total cost of the item. For example‚ American Greetings would need to depreciate its greeting
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The Elements of Communication Communication begins with a message‚ or information‚ that must be sent from one individual or device to another. People exchange ideas using many different communication methods. All of these methods have three elements in common. The first of these elements is the message source‚ or sender. Message sources are people‚ or electronic devices‚ that need to send a message to other individuals or devices. The second element of communication is the destination‚ or receiver
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collision could have been avoided if the tramway authority had fitted the tram with a system known as `dead man’s handle’‚ a system in use on Sydney’s trains. According to my findings‚ Dead Man’s Handle refers to an old train device: the dead man’s handle. It was typically some form of switch that the driver would keep closed. Should he suffer a calamity - such as a heart attack - his hand would loosen and the switch would open‚ stopping the train automatically. The aim of the dead man’s handle was to
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provided in the case is to recommend that Barilla continue to implement JITD focusing on dry goods shipped to distributors. Maggiali must first convince Barilla’s employees (Sales especially) that the JITD system will be a success before influencing its distributors. Sales personnel and distributors will have to work together to implement the JITD program. The system will require the distributors to share their sales data with Barilla‚ who would then forecast and deliver appropriate amounts of products
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