Great Northern Bank Beds, Inc.

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Decision Making Area 3:Investment Decisions * Table of Articles * Summary of Articles * Observations * Conclusion

Thank you for the opportunity to be part of this exciting project. Per your request I have evaluated the options for enhancing the production capacity to maintain and further develop our market share.

EEC calculated the amount of time involved the anticipation of its cost ($3 million). The timeline in recovering their cost of investment ($2 million) initially for the foundation of this investment any profit made in the future of this investment will be justified as a profit for the company. If EEC can anticipate a fast return on its investment it is a profitable wise decision in making the investment financial, it is considered to be an easier way of formulating investments financially. On the basis of one year all cash flows is added together equal to the sum of $2 million originally invested, then it is divided by the annual cash flow of $500,000. The calculation of the payback period would equal four years. After this time frame any financial proceeds will be considered profitable for the company. I conclude that the timeframe is adequate in comparison of the investment in this worthwhile investment financial venture for the company.

Levitt and Sons needed to find building solutions that would suit the taste of their buyers, would be cost efficient thus resulting in an inexpensive price, and could be produced rapidly and in high yield. To solve this challenge Levitt and Sons designed a single level, four-room home based on the traditional American Cape Cod style.7 This simple design was modified to form four basic designs that were to be replicated. To produce the homes as quickly as possible Levitt and Sons based their construction strategy on the automobile assembly line of Henry Ford. Instead of moving the parts down an assembly line, Levitt and Sons move the labor along the product line.8 This method, along with the incorporation of off-the-shelf products, allowed for the rapid production of homes. The money and time saved on production and design allowed homes to sell at a lower price. These small homes

In the Thicketwood Ltd case there are a few problems and issues that need to be addressed immediately in order to keep up with demand. The current process that involves strictly human labor is no longer efficient as the demand for cabinets continues to

With any major investment, it is important to consider the monetary and non-monetary aspects including gaining an understanding of the culture, the ideal management approach, past and future trends, along with political roadblocks.

For this part of the analysis, consider each department in the Gdansk factory in isolation. Assume that the rest of the production system has no impact on the department you are considering. Assume that material handling times are negligible and ignore variability in processing times.

Chad Thomas needs to make sure daily manufacturing schedules are aligned with the current orders. The fact that the same set of employees and the same set of tools are being used to manufacture both the custom and the standard pieces of furniture is definitely problematic. In order to meet the demands of each product, it is critical that scheduling be created in the most efficient of manners given the current constraints. Allocating all the resources properly is a key along with scheduling and layout. In regards to long term decisions, Mr. Thomas is going to have to decide

Virtually all general managers face capital-budgeting decisions in the course of their careers. Among the most common of these is the either/or choice about a capital investment. The following describes some general guidelines to orient the decision-maker in these situations.

Johnson Controls, Inc. is a global company that offers services and products aimed at optimizing operational efficiencies and energy of buildings, electronics, automotive batteries and interior systems for automobiles. The company’s headquarters are located in Milwaukee, Wisconsin and is listed on the New York Stock Exchange as a fortune 500 company. Johnson Controls predicts that it will be able to increase its capital expenditures investments by $1.7 billion approximately. Most of the planned capital spending by the company will go to financing margin expansion and growth opportunities. This essay highlights the importance of companies to be able to evaluate investment decisions so that current and capital expenditure on proposed projects and schemes can be done prudently to ensure the company’s success (Johnson Controls (2015).

The first article that I have chosen is titled “The Toyota Production System Applied to the Upholstery Furniture Manufacturing Industry.” In his article, Hunter reported the applied research utilized to convert a U.S. furniture manufacturer into a Toyota Production System (TPS) factory. The company that Hunter observed was Franklin Corporation, a furniture manufacturer. This company has been building recliner chairs and other upholstered furniture since 1970 (Hunter, 2008, p.631). The main manufacturing facilities are located in central Mississippi, USA. The article stated that Franklin Corporation manufactures a large variety of upholstered furniture while employing about 1100 people. Its factory processes all the company’s frame components through a dimension mill, while utilizing computer numerical controlled (CNC) cutting of foam, plywood components, fabric, and leather (Hunter, 2008, p.631). To survive and thrive in the intense foreign and domestic competition, Franklin management decided to adopt a new way of doing business, which is the TPS philosophies and methodologies.

the China market IKEA China has been allowed to exceed and expand its sourcing of

Two locations were found to be appropriate for the plant, first is on Kimberly Street just a few blocks away from the main plant. Second being located in Hampton, which is small town around 180miles from the main plant. The Executives of the company decided that they will eventually require minimum of 75000 Square feet of floor space and 600 labors (300 Skilled, 150 Semi-Skilled, 150 Unskilled) so as to operate efficiently. The estimated cost of the machinery and equipment needed to manufacture the parts is around $2 Million and this requirement was met by the government by equipping them with government owned equipment under a contract.

New Product Release: Somerset should re-evaluate how they introduce new products and phase out old product lines. For example, instead of replacing the entire product line at the same time they could introduce new products that replace the products are beginning to experience a drop off in demand. They should also examine the cost of replacement parts. They should look for ways to replace the faulty parts at a minimal cost.