New Product Development at HPM Company Background • HPM Industries is a privately owned company established in 1925. Its core business is in the design‚ manufacture and distribution of electrical wiring accessories such as electrical power plugs‚ power outlets and light switches. • The company had its origins in button production‚ when Ruth Simon’s parents (Ruth is the wife of the current chief executive officer‚ Peter Simons) started HPM in the button-moulding business. • In 1948 they
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level WC219 $0.15 13‚000 WC008 1.20 22‚500 WC916 3.25 400 WC887 0.41 6;200 WC397 4.65 12‚300 WC654 2.10 350 WC007 0.90 225 WC419 0.45 6‚500 WC971 7.50 2‚950 WC713 1 200 1‚500 9 0 p ercent C urrent o n-hand inventory 3 5 calculators Scheduled receipts 2 0 c alculators Backorders Exhibit 12.13 ABC D ata f or Problem 3 3.75 calculators 2 calculators a. What is t he Economic O rder
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Section 1 (Strategy)-Page 37‚38‚39 QUSETION 1 Average monthly productivity (units/hour) for the month of: |MONTHS |PRODUCTIVITY | |January |2300 / (325*3) = 2.36 | |February |1800/ (200*5) = 1.80 | |March |2800/ (400*4) = 1.75 | |April |3000/ (320*4) = 2.34 | Average Monthly Productivity= (2.36+1.80+1.75+2.34)/4 = 2.06 QUESTION 2 Productivity = sales
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1.2 The original productivity of the line was 20 valves per hour. After the changes by John Goodale the line productivity was 22.5 valves per hour. The percent change was 12.5. We found the original productivity by dividing 160 valves produced by an 8-hour shift. The new line productivity was found by dividing 180 valves by an 8-hour shift. Calculating the difference between the new line productivity and the old-line productivity‚ and then dividing that number by the old-line productivity gave us
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b) Drop-off Fill Rx Pick-up Cashier 5 Rxs 40 Rxs 3 Rxs 6 Rxs 2 Rxs/min 2 Rxs/min 2 Rxs/min 2 Rxs/min 2.5 min 20 min 1.5 min 3 min Table 1: Find Missing Data Using Little Law. Average time in the pharmacy for those students who stay to pick-up their Rxs (see Table 1) = 2.5 + 20 + 1.5 + 3 = 27 minutes c) Average time in the pharmacy for those students
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Overview: The ISFJ personality type is perhaps the most altruistic and supportive of all types. Forming around 12.5% of the population‚ ISFJs rarely sit idle – there is always a worthy cause awaiting their attention. Most personalities are quite willing to reciprocate when it comes to good deeds; however‚ ISFJs take that to a higher level‚ often going above and beyond what is actually expected of them. People belonging to this type thrive in areas that are both traditional (they are SJs‚ after all)
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MCDONALDS CASE PART B I. INTRODUCTION McDonalds is a very famous fast-food restaurant with more than 31‚000 worldwide branches. Its main dishes are hamburger and fries. McDonalds has limited choice of food but in turn it serves its patrons fast. However‚ the restaurant is about 41 years olds now and consequently it becomes penetrated and mature‚ it has more competitions and tough challenges. In Operation management term‚ McDonalds has highly qualified operating system‚ its kitchen and its management
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Holly Farm In 2003‚ Charles and Gillian Giles decided to open up their farm to the paying public‚ in response to diminishing profits from their milk and cereal activities. They invested all their savings into building a 40 space car park and an area with spaces for 40 seater buses‚ a safe viewing area for the milking parlour‚ special trailers for passengers to be transported around the farm on guided tours‚ a permanent exhibition of equipment‚ a rare breads paddock‚ a children’s adventure playground
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CHAPTER 1 Question #2 What is the difference between the terms "production management" and "operations management"? Production management deals primarily with the manufacture of goods‚ whereas operations management encompasses the production of not only goods‚ but services as well. Question #3 How does the function of an operations manager differ from the function of a marketing manager or a finance manager? The operations manager’s function is to create the supply of goods‚ whereas the marketing
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following list 1. Walmart 2. McDonald 3. Dell 4. FedEx If you would like to choose an organization that is NOT from the above list‚ please consult your professor. For SLP 1‚ identify the following by writing a paper (with paragraphs‚ including an introductory‚ body‚ and concluding section): 1) The organization ’s name and main line of business‚ 2) A specific type of operations process that takes place there (either service or product)‚ 3) Describe the nature of the operations given your newfound
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