Team 3:
Team 3:
Case Study: Custom Molds, INC
Case Study: Custom Molds, INC
Custom Molds Inc., manufactures custom designed molds for plastic parts and produces custom made plastic connectors for the electronics industry. Established in 1987, the primary focus was to provide manufacturers or electronic connectors a source of high-quality custom-designed molds for producing plastic parts. After building a strong brand reputation through the designing and fabrication of precision molds, Custom Mold’s expanded into the limited manufacture of plastic parts. The operations at Custom Mold’s include a process for fabricating molds and a second process for producing plastic parts. The two processes are linked together, but are
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Based on the changing electronic industry and business demands, Custom Molds should correct major issues by adopting the following recommendations. The molding process should focus on small batch sizes and purchase more small and customizable machines. More workers should be hired to oversee the production since there is more labor needed to prepare the machine for each customized mold. The plastic parts process should focus on few but large capacity specialized machines. Fewer workers will be needed to oversee this process because there are few setting changes needed. To control the problem of late deliveries, a better communication system between offices should be implemented so workers do not need to walk back and forth between offices. Orders should also be accepted based on the ability to complete the product in the time that is promised to the customer. More efficient communication between all departments would result in a more accurate estimated delivery time. To control errors resulting in defective parts, Custom Molds should invest in moving the testing center to a more centrally located area. More frequent testing and less walking will increase efficiency and decrease defective products. An alternative option to the recommendations listed, is for Custom Molds Inc. to evaluate the market for the products they produce and to decide to make either molds or plastic parts. The key factors that should be considered while
As a member of management Clive Jenkins is responsible for boosting employee morale to ensure that company goals are met
The Polymold Division case is answering whether or not the CAD/CAM is a good investment. We are looking to answer how it benefits the company, financially. Mr. Martin, the Polymold Division manager felt that sales would continue to decline if Polymold did not invest in the new computer-aided designing and manufacturing system and it would lose market share on its remaining products to its more technologically advanced computers. Mr. Martin feared the marketplace. Polymold manufactured high-quality precision molds with interchangeable parts.
Recommendation:1. Improve Just-in-time systemSpartan Plastic Limited need to improve Just-in-time system, it is control aims to maintain inventory level at zero, with an immediate objective of reducing the capital tied to the inventories. It is an important principle that able to eliminating waste throughout the production system. The waste can occur, through excess inventories and overly large lot sizes, both of which can cause unnecessarily long customer lead times. Let's explain the role of the core JIT practices in enhancing manufacturing performance. JIT manufacturing requires the establishment of JIT supplier relationships with suppliers; Spartan in this case, that is able and willing to deliver the needed quantities of parts as the needs arise and without any defects.
Product development: Using the plastic moulding skills, it can develop new or improved products that will appeal to the customers (for example, improved skylights to reduce heat loss).
The applicants are morally correct as long as their action promotes their long term interest. If their action produces or will produce for them a greater outcome of good, versus evil in the long hall than any other alternative, than that action is the right one to act on, and the individual should take that to be a moral act. An Assessment of Morality by Ethicsinbusiness.net
Custom Molds, Inc. was founded by a father and son team in 1987 to provide high quality, custom-designed molds for manufacturers of electronic connectors, but later expanded into the production of plastic parts for the industry. In recent years, the changing environment of the electronics industry had a profound impact on the way Custom Molds conducts its business and manufacturing processes. The changing sales mix, coupled with delivery and quality problems, prompted the company to revise its business strategies to address to following issues:
Q1. I classified the following controls based on what I read in appendix 1. For IT General Control, it talks to controls that are set in place so that a client's IT system operates correctly. These controls primarily focus on ensuring that changes to applications are properly authorized, tested, and approved before they are implemented and that only authorized persons and applications have access to data, and then only to perform specifically defined functions. Because of this, the physical access to the server room has been classified as an IT General Control. For Application Control, it talks more to automated controls that apply to the processing of individual transactions. They include such controls as edit checks, validations,
“Although 3-D printers are not yet a standard part of home-computing equipment, the latest generation of devices, such as Cube® by 3D Systems, the Cubex™ or Makerbot’s Replicator™2X - which retail for between one and three thousand US dollars - are bringing the possibility of home manufacturing one step closer to reality” (Jewell). Now the biggest difference between traditional manufacturing and 3D printing will be the emergence of mass customization. Goods will be, “infinitely more customized, because altering them won’t require retooling, only tweaking the instructions in the software. Creativity in meeting individuals’ needs will come to the fore, just as quality control did in the age of rolling out sameness” (D'Aveni). When you have a product that is printed out individually from software with your own customization, then there would be no reason in buying a product that will look like something another person can own because of its ordinary accessibility. Creating physical 3D models in a fast, easy and affordable way has great potential, especially when you can do it in the comfort of your home.
Apex, a chemical manufacturer, has the option of commercializing one of its compounds due to resource scarcity. Apex needs to examine both choices and take into consideration the analysis of market size and trend, value proposition, market knowledge and share, and forecasted revenue for each of the compound before it decides which compound to commercialize.
Manufactures processed plastics Plastic cutting machinery, Plastic grinding machinery, Rubber or plastic mills, Rubber or plastic extrusion dies, Plastic injection molds, Thermoforming molds, Ejector pins, In mold decoration IMD cylinder,
Manufactures processed plastics Plastic cutting machinery, Plastic grinding machinery, Rubber or plastic mills, Rubber or plastic extrusion dies, Plastic injection molds, Thermoforming molds, Ejector pins, In mold decoration IMD cylinder, Blow molding machines, Coating machines, Extruders.
Briefly, the goal of the following project which is its overview is to assess the manufacturing techniques that
For Metalcrafters Inc., the first thing I would do is to decide whether or not each alternative is mutually exclusive or independent. In this case, the stamping press alternatives are mutually exclusive, the extrusion press alternatives are mutually exclusive, and the new parts orders are mutually exclusive.
Immediate Problem: The problem that Bert is faced with is that he is having difficulty adapting to the structure of the company and dealing with the problems that arise.
Machine molding is not a completely automated process. Although many operations can though be performed by machines some