INNOVATION- MASS CUSTOMIZATION Mass customization refers to the use of flexible computer-aided manufacturing systems to produce custom output. It is applicable in the field of marketing‚ manufacturing‚ call centers and management. H.P managed to produce customized computers and equipments which were both low cost and efficient. How did HP achieve this? Before doing the task‚ they did rethink and integrate the designs of their products‚ the process used to make and deliver those products‚ and
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1.0 Introduction: How can we explain how important supply chain management is in the business industry? Many business go through the process of supply chain such as Public v Private Primary‚ Secondary‚ Tertiary sectors‚ Financial‚ Retailing‚ Manufacturing‚ Wholesale trades‚ Construction‚ Mining Quarrying/Farming‚ Services and Transport. Our lives moves and grows through supply chain management its part of a system in receiving our products‚ everyday goods‚ Raw materials‚ Packaging materials‚ Semi
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Metalcraft supplies automotive parts to several large manufacturers worldwide. It is a component design and manufacturing organization with a wide product offering. North American sales accounted for 80% of their business although they operated in 27 countries with 84 plants. The automotive industry supply chain is made up of automakers and then three theirs of suppliers. In total there are 5000 firms but 100 large manufacturers dominate it; Metalcraft being one of them. A major focus of automobile
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outsourcing‚ LEGO owned and operated production plants mainly in relatively high labor-cost countries‚ such as the United States‚ Switzerland and the South Korea. The main reason for this is that LEGO built plants close to its main markets to save transportation cost. But LEGO finally realized that the reduced labor cost in some labor-intensive countries outweighed the reduced transportation cost. Then they decided to outsource to Flextronics who has production capacity in low-cost regions; b. Subcontracting
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1.1 Explain the importance of effective supply chain management in achieving your organizational objectives. Supply Chain Management as defined as "Maximising added value and reducing total cost across the entire trading process through focusing on speed and certainty of response to the market”. Competitive Edge through Core Competencies Today’s business climate has rapidly changed and has become more competitive as ever in nature. Businesses now not only need to operate at a lower cost
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11143 - Home work #2 (quiz) (5 pts) 1. Converting quarterly and annual business plans into broad output and labor requirements for the intermediate term is known as: A. Aggregate planning. B. Master production scheduling. C. Rough-cut capacity planning. D. Materials requirements planning. E. Capacity requirements planning. (5 pts) 2. Which of the following is NOT a method used in aggregate planning to cope with fluctuations in demand? A. Backordering demand in peak
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planning tasks associated with staffing‚ production‚ inventory‚ and sub-contracting levels typically fall under a. short-range plans b. intermediate-range plans c. long-range plans d. demand options 6. Which of the following statements about aggregate planning is true? a. Advertising/promotion is a way of manipulating product or service supply. b. Work station loading and job assignments are examples of aggregate production planning. c. Overtime/idle time is
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with demand‚ decreasing profits‚ and fierce competition‚ the CEO‚ Tim Wilcox‚ decided to change the organization’s production environment to follow the lean production method. This method had allowed other companies to reduce their inventory by at least fifty percent‚ cut production costs‚ and improve customer satisfaction‚ quality‚ and employee morale. Since the bicycle production area involved a more elaborate process with products that had various frames‚ size‚ and color combinations‚ it was
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product portfolio to include consumer electronics with focus on mobile technology. By entering the netbook market‚ AIC was able to design and manufacture a branded product in the mobile industry. The production manager and chief industrial engineer established an assembly line process for netbook production. Issues The issues that AIC is having are the current demand and the lack of enough employees. The current employees work 10 to 12 hour shifts which are not sustainable. The Chief Strategy Officer
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where they once were. As a consultant called in for advice‚ I see several problems in the company’s production as well as quality control. The decline has less to do with “the economy” and more in Toys‚ Inc’s approach to their management of quality. As Stevenson (2012) reminds us‚ “top management has the ultimate responsibility for quality” (pg. 377). The recent moves to make cuts in production costs and layoffs in the design and development departments are going to do more harm than good to the
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