OPS/571 February 13‚ 2012 Riordan Manufacturing Learning Team C has completed the analysis of Riordan Manufacturing’s electric fan design process and has developed a proposal outlining the changes that need to be implemented. The team is proposing to focus on total quality management (TQM); this will allow Riordan to remain focused and efficient in areas of opportunity‚ and to excel in all aspects of the electric fans that are important to customers. The team’s recommendation is to use quality
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Operation Management’s Group Discussion Question 1: Consider the two categories of products that Timbuk2 makes and sells. For the custom messenger bag‚ what are the key competitive dimensions that are driving sales? Are their competitive priorities different for the new laptop bags sourced in China? “Timbuk2 is more than a bag; it is more than a brand…” If you have an opportunity to go to the web site www.timbuk2.com‚ you will find out something… Timbuk2 is so different‚ so unique. I think you
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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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40‚000 | | 100‚000 | | 404 | | | | 20‚000 | 20‚000 | 40‚000 | | 405 | | | | | 20‚000 | 20‚000 | | Total | 90‚000 | 120‚000 | 90‚000 | 60‚000 | 40‚000 | 400‚000 | 2 Physical Measures Method | Produced | Proportion | Joint Cost Allocation | Unit Cost | 401 | 90‚000 | (90‚000/400‚000)0.225 or 22.5% | (200‚000 x 0.225)45‚000 | (45‚000/90‚000)0.5 | 402 | 120‚000 | (120‚000/400‚000)0.3 or 30% | (200‚000 x 0.3)60‚000 | (60‚000/120‚000)0.5 | 403 | 90‚000 | (90‚000/400‚000)0.225 or 22.5%
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advantages and disadvantages of a make through system are shown in Table 1. The advantages of the Make Through The disadvantages of the Make Through System System are: are: 1. Quick throughput time. 2. Easy to supervise. 1. Low productivity. 2. High labour cost. 3. Only very experienced operators can be used. 4. It is a system only suitable in couture and sample making. Table 1 - Advantages and disadvantages of Make Through System. Conventional Bundle System With this system‚ sewing machines are arranged
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The Case of Littleton Manufacturing Executive Summary Littleton Manufacturing is …. For years‚ they have been able to capitalize on synergy between the Information Technology group and other departments and look to continue that trend with the deployment of a new paperless job posting system. A similar transition to paperless in their purchasing group has saved the company millions of dollars‚ so digitizing another manual paper process seemed like a sure bet. However‚ a recent change at top executive
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Classify each cost listed below as either a product cost or a period cost for purposes of preparing the financial statements for the bank. 1. The cost of the memory chips used in radar set. * Product Cost 2. Factory Heating Cost * Period Cost 3. Factory Equipment maintenance costs. * Period Cost 4. Training costs for new administrative employees * Period Costs 5. The cost of the solder that is used in assembling the radar sets. * Product costs 6. The Travel
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Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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MANUFACTURING RESOURCES PLANNING References: http://www.enotes.com/manufacturing-resources-planning-reference/manufacturing-resources-planning Manufacturing resource planning‚ also known as MRP II‚ is a method for the effective planning of a manufacturer’s resources. MRP II is composed of several linked functions‚ such as business planning‚ sales and operations planning‚ capacity requirements planning‚ and all related support systems. The output from these MRP II functions can be integrated
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Manufacturing and Service Technologies technology refers to the work processes‚ techniques‚ machines‚ and actions used to transform organizational inputs into outputs. One important theme in this chapter is how core technology influences organization structure. Understanding core technology provides insight into how an organization can be structured for efficient performance. Core technology is the work process that is directly related to the organization’s mission. A non-core technology is a department
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