AN 300 Review Exam 2 I. Forecasting Forecast Errors: MAD‚ Bias * (1) Forecasts are usually wrong. Errors are inevitable and must be expected. (2) Every forecast should include an estimate of error. (3) Forecasts are more accurate for families or groups. (4) Forecasts are more accurate for nearer time periods. Anything that can be done to reduce lead-time will improve forecast accuracy. * Bias indicates the directional tendency of FE <------> MAD indicates the magnitude of
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Measuring local content in manufacturing: A case study of paint manufacture in Nigeria Dr. Michael Warner – Local Content Solutions Eng. S.I.C. Okoli – Protective Coatings Manufacturers Nigeria (PCMN) Part 1 :A case study of paint manufacture in Nigeria Eng. S.I.C. Okoli – Protective Coatings Manufacturers Nigeria (PCMN) Part 2 : Measuring local content in manufacturing Dr. Michael Warner – Local Content Solutions Measuring local content in manufacturing: A case study of paint manufacture in
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industry experienced rapid development‚ alongside the economy‚ in the 1920’s to keep up with the demand of the changing American population. But to what extent was the motor industry responsible for the economic boom? A critical factor in the motor manufacturing industry was the vast number of vehicles which were manufactured and sold‚ with the Ford Motor Company being the catalyst for this. Henry Ford Established the Ford Motor Company in the early 20th century and quickly started selling his famous Model-T
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M WOODS – Transportation‚ Inventory‚ Motion‚ Waiting‚ Over production‚ Over processing‚ Defects‚ Skills)? How did Audition Assembly apply the lean tools to minimize the waste in the affected manufacturing areas? What was the impact on Audition’s four metrics (Safety‚ Quality‚ Delivery and Cost)? • Skills – no cross training‚ departments are very separated. Employees expected to sit down and shut up rather than share concerns/ideas. o Increased quality due to increased employee morale from feeling
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Homework: MRP & MPS Due: August 12th Discussion Questions 1.-What is the difference between a gross requirements plan and a net requirements plan? 2.-What are the differences between MRP & MPS? 3.-MRP is more than an inventory system‚ what additional capabilities does MRP possess? 4.-What functions of the firm affect a MRP systems? How? 5.-How does MRP II differ from MRP? 6.-What are the differences between SOP & MPS? 7.-What is the meaning of Bill of Material ? Problems 1. You have
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IMSE 3001 Computer Integrated Manufacturing Coursework No. 1 Background: Recently‚ our company strategy has been reviewed and new management policies are introduced to cope with the recent technology development and future market trend. Workflow in the e-commerce environment: Under the new management policies‚ an e-commerce system will be established. IDEF0 Diagrams for illustrating the respective workflow in the e-commerce environment are shown as follows: Figure 1: Node A-0
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How rich is rich in the Philippines? June 21‚ 2010 http://www.pinoymoneytalk.com/socioeconomic-class-philippines-rich/ Who are considered “rich” in the Philippines? For starters‚ you’re “rich” if you belong to the list of the Top 10 Richest Filipinos. However‚ even if your net worth does not run into billions of pesos yet‚ you may still be considered “rich” as per the definition of the National Statical Coordination Board (NSCB). Based on NSCB computations using the Family Income and Expenditure
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these most recent economic times‚ it is clear to see that the rift between the extremely rich and the extremely poor is expanding‚ with those in the middle being stretched to one extreme or the other. There seems to be no reconciliations for this ever-growing disparity‚ as the corporations that used to comprise solely our economy lose national borders. Robert B. Reich discussed this issue in his work‚ Why the Rich Are Getting Richer and the Poor‚ Poorer. There are many reasons that go into play and
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Direct to garment printer recent market conditions analysis The Economist magazine believes that 3D direct to garment printer printing technology represents new development trend of manufacturing industry‚ it will promote the implementation of the third industrial revolution. Currently two 3D printer worldwide manufacturing giants‚ respectively a Stratasys and 3DSystems‚2012-year‚ Stratasys shares doubled 3DSystems shares have increased almost twice‚ and the Nasdaq composite index has only risen in the
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upside down as illustrated in figure 3. Parts is assumed to be picked up from a bin and then re-orientate to correct orientation as illustrated. Cheok Xue Ting . A0073477W . ME3263 Design for Manufacturing and Assembly . DFA Term Project 2. Apply adhesive around the circumference of Plastic Len (2). This part of operation is slow because care has to be taken to apply the adhesive to the circumference of
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