Production Of A Product Line

Many companies and business entities achieve higher levels of market success through extensive supply chain management. Market success within these industries and companies is possible through implementation of mass customization strategy. Mass Customization represents an approach within the business entity that seeks to be innovative, enhance quality, minimize cycle time, improve agility, and generate consumers who want to only associate with the firm or organization. The main objective of the mass customization strategy rests on the provision of products and services to satisfy unique tastes and preferences at affordable prices that relate effectively with target groups. A visit to Lutron Organization generates clear indication of how mass customization applies in relation to its application in business entities. Lutron organization adopts the strategy of mass customization to meet the needs and expectation of the consumers. Mass Customization is also effective and efficient in developing competitive advantage over other entities within the same industry. The approach of maximizing revenue while expanding the market coverage by Lutron draws from new technologies and knowledge in relation to forces of consumers and company demands. The main aim of the strategy within Lutron is to enable consumers acquire any product or service they want, anytime, in any way, and anywhere while enhancing the profit levels.

As National Bicycle transitions to the production of a customized bicycle, employing a concept of mass customization, the Company must ensure that its supply chain is responsive enough to handle the characteristics of an innovative product. Demand will be highly unpredictable and the final product, with over 2 million options, will also be unpredictable.

Selection of outside suppliers at the initial stage was crucial. Three advantages would benefit from authorized supplier involvement in design and production process. Firstly, they could foresee major problems in the design cycle by pulling their expertise and methodologies. Secondly, this model embedded quality into BMW’s production system up and down the supply chain. Thirdly, supplier was able to realize the critical connection between quality and profit through high customer satisfaction.

Chapter five outlines the health care providers cost production process. The production functions are the relationship between the quantity the producer is willing to supply and the variables used to decide price and quantity for sale. The intention of the cost production is to convert input (i.e. labor, land, knowledge) into output/finished products or services. The variables used that influence the suppliers are input price, case mix, and technology. In the medical domain, the production function includes fixed input and variable input. In the short-term, the fixed input is restricted to a production cycle and duty, a fixed variable. Whereas, the variable input is an input whose quantity can change or adjust at any time.

The general Aerospace inventory network can be grouped among OEMs, Tier 1 suppliers, Tier 2 suppliers and Tier 3 suppliers. Customarily, substantial airplane makers frequently alluded to as OEMs, will indicate their needs to the Tier 1 suppliers. OEMs are in charge of general outlining and assembling, which are regularly alluded to as the most basic segment of the worth chain and every now and again confront section obstructions because of high speculation necessities and innovative abilities. Level 2 suppliers produce flying machine parts as per the Tier 1 suppliers' particulars. Level 3 suppliers are in charge of giving fundamental segments needed by different sellers that are available higher in the worth chain. Be that as it may, with the

Manufacturing operations are crucial to our company. To be successful and satisfy consumers, Jaguar Land Rover must have an efficient line of production. The operations management team is primarily concerned with overseeing, designing, and controlling the process of the business operations in the production of our goods. While we have been prosperous in the past, it is critical that we change our production process from just-in-case manufacturing to just-in-time manufacturing. Not only will implementing this new practice allow us to maintain our success, it will also allow us to surpass it and achieve an entire new level of prosperity.

Education has been a topic of debate for years, and parents are worried if we are guiding our children in the right direction. The education system, the same education system we have been using for hundreds of years, is not fit for our generations of 2015. This is what Ken Robinson was trying to covey in his lecture “Changing Education Paradigms”. He first states that the two main reasons the education system needs to change are economic and cultural. The economy is much more global now than it was back then, and educating our children on how to take their place in the economy. Cultural because today having a cultural identity is hard when conforming and being standardized is what society is taught. He goes on to state that our education system was built around a time of the enlightenment and with the economic standing of the industrial revolution. School is boring to children now because of all the distractions of technology and entertainment, why would a child want to give that up to learn something they don’t care about? Robinson was aiming this lecture at the older generations, when they had the mentality that if they went to school they would get a college degree and then get a job. These are the people that have children in the education system and have a voice on the change of education. Robinson thinks we need to move in the opposite direction of standardization in order to improve the future of education.

1) What are some reasons a firm might determine it should expand a product line? What are some reasons for contracting a product line? Why do many firms have a product mix strategy?

While mass customization is a viable option in manufacturing with digital factories and employing lean manufacturing designs, service firms have to employ a more productive environment to make mass customization profitable. Mass customization refers to using mass production technologies to quickly and cost-effectively assemble goods that are uniquely designed to fit the demands of individual customers (Daft, 2016, p. 271). The key challenge for service mass customization is to translate information about consumer preferences gained through market research into a format that can be easily used for service modularization decisions and customer-contact personnel training (Haas & Kunz, n.d., p. 603). In the service arena, mass customization becomes an ongoing configuration process with direct involvement of the customer coupled with professional advice by service personnel who understand the configuration rules and know them by heart. A clear understanding of the customer’s needs is required, as well as a requirement by service personnel to provide the customer clear and concise configuration options that strike the perfect balance between flexibility and complexity. Also, a continuous interaction between frontline contact personnel and the customer is a consequence that must be

We would recommend that BMW use the actual parts instead of substitute parts; for example, using sheet metal instead of fiberglass when developing new series models. This will help BMW detect problems earlier in the production process and make quality improvement a much easier task to achieve. Since they are using suppliers that will manufacture parts using specialized tooling, BMW should also reduce the amount of prototype batches from five to three. The first prototype batch should be done using its current process of hand design, the second prototype will use pre-production process and the third will incorporate the use of specialized tools. Using this process will significantly decrease prototyping cost and lead time.

Continuous development and responsiveness of suppliers at the early age of product development process is critically important. “Honda tries to encourage suppliers’ suggestions early before finalizing drawings, particularly in the area of cost reduction and quality improvement.”

“Trendy kiwi burger” is frozen burger; we developed this new product from New Zealand fresh meat which is 100% organic New Zealand product. In this project we have followed the new development

EPD is struggling to face a transformation of business model. They should change their business from product oriented to customer oriented because the key success factor of the component market is not technological advantage anymore. In the instable component market, it is needed to have market-oriented people and built a close communication among teams in order to introduce new product into market quickly. They also don’t have enough marketing staff and their evaluation

The extensive roles of energy in economic growth are well known. Kaiser, Mark .J (2007) posits that there is a solid relationship between national economy and energy development, as energy supply, demand and pricing have enormous influence on economic growth. With the fast pace of economic development over the past decades, many developing nations experienced a sharp annual growth in petroleum demand. However, those with large or potentially large petroleum deposits, very sufficient and financial resources for supply investments, especially for the development of oil and gas production and exploration.

Built on the rapid growth of globalization, more and more competitors are emerging in the market. In order to keep pace with the change of environment, new product development (NPD) has been identified as one of the most important activities of business enterprises for a long time. (Lee & Souder, 2010; Abdul &Abd, 2014) From the perspective of companies, product development is an essential element to accelerate the economy increased. It also a key factor to obtain and expand the market shares. (Chandra. & Neelankavil, 2008; Elliot, & Nakata, 2013)The majority of managers considered that new product development is an imperative point to creative competitive advantages，maintain the existing customers and fascinate new customers. Different markets can bring much more profits to companies. (Yeh, T.et al, 2014) The success factors of new product development practice are very complex, including the proficiency of technology and markets (Hooyer et al, 2010) such innovative product development proficiency lead companies new product to be successful. The proficiency of technology skills is linked to product design and test. They also concern about the creativity，which can contribute to launch the new product is exceeded all the competitors. Proficiency of markets are consists of market analysis, market activities and customer demand. (Lee, K. &Wong, 2010; Li&Huang, 2012;) The link of the technology and markets is companies launch new products successful