FMEA has been used in the manufacturing industry for quite some time. Some critics has been saying this concept is less valuable to system manufacturing compared to component manufacturing. What is your opinion on this issue, provide your argument to support your choice.
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- Read each statement below and identify the correct term or concept.Q.1.1A process that determines the mission and goals of the business, including the ways in which the goals are to be reached in the long term, and the resources needed for this task.NOT AN ESSAY QUESTION At the heart of Six Sigma, the approach is a five-step process: define measure, analyze, improve and control. As an emerging Commerce graduate, you are given the opportunity to advise Whirlpool Corporation on the Six Sigma process. Provide recommendations to Whirlpool on howthey can improve their existing supply chain processes.Your answer should include the following:1. The process of how Six Sigma works and its objectives.2. The diagram of the DMAIC Process and explanation.3. Provide recommendations on how Whirlpool can improve itsexisting supply chain management processes.So and Ralph have joined forces to start SoRap Chip Products, a processor of packaged okra chips.So has years of food processing experience, and Ralph has extensive commercial food preparationexperience. Together with the help from vendors, they can adequately estimate demand, fixed costs,revenues, and variable cost per 5-pound bag of okra. They think a largely manual process will havemonthly fixed cost of 37,500Php and variable cost of 1.75Php per 5-pound bag. A more mechanizedprocess will have fixed costs of 75,000Php per month with variable costs of 1.25Php per 5-poundbag. They expect to sell the okra chips for 2.50Php per 5-pound bag. What is the break-even quantityfor the manual process?
- Select the right answer. 1. The crossover point between two processes A and B can be stated as - [ ] a. variable costs of process A = Variable costs of process B - [ ] B. Fixed costs of process A = Fixed costs of process B - [ ] Variable costs of process A = Fixed costs of process B - [ ] total costs of process A = total costs of Process B 2. What are the two dimensions of the service process matrix - [ ] Degree of customization and degree of capital - [ ] Degree of customization and degree of labor - [ ] Degree of volume and degree of variety d - [ ] All of the above 3. Which of the following strategies could be used when demand exceeds the capacity. - [ ] Stimulate the market through price reductions or aggressive marketing - [ ] Product changes. - [ ] decreasing prices of products - [ ] Discouraging marginally profitable business 4. Capacity decision determines which of the following? a. whether demand will be satisfied or whether facilities will be…"Home loan clients taking strain as average instalment rockets by 38% in a year, says Absa". Accreditation 07 May 2023 By Londiwe Buthelezi News 24 Based on the above headline, explain factors that would need to be considered in evaluating applications for Real Estate Loans / Home Loans.Q.1 Your friend Monica wants to open a boutique of her own and is in the middle of preparing a report which has to specify the type of manufacturing process used. She is not able to relate the type of business with manufacturing process. Explain the various types of manufacturing processes and point out the best suitable process for her business. Give appropriate examples of all the manufacturing processes.
- Find examples of products produced with the different forms found from below. Justify your choises .FORMS OF PRODUCTION •Warehouse driven production/standard production •Order-driven production •Individual production •Serial production •Integrated production •Mass customization•Local production •Production line •Production team •Flexible manufacturing systemQUESTION 4:Write a summarization from the topic of ABC-analysis. Length 1-2 pages.1. Briefly discuss 4 supply chain challenges. 2. A large percentage of the revenue of most firms is spent in the Operations Management function. Select one: a. False b. True 3. Design is a basis for _________________and should therefore be a ____________________ Select one: a. Efficiency; key consideration b. Competitiveness; core competency c. Profitability; key strategy d. Survival; core competency e. Competitiveness; key strategySoft Key is trying to determine how best to produce itsnewest product, DVORK keyboards. The keyboards couldbe produced in-house using either Process A or Process B,or purchased from a supplier. Cost data are given below.For what levels of demand should each process be chosen? Fixed Cost Variable CostProcess A $ 8,000 $10Process B $20,000 $ 4Supplier $ 0 $20
- The following data refer to a single product, the TECHWHIZ, made by the Markdata Computer Company:Sales price = $5,595Direct materials cost (including purchased components) = $899Direct labor cost = $233Facilities costs (for a highly automated plant; mainly includes rent, insurance,taxes, and depreciation) = $2,352,000 per yearRequired1. What is the contribution margin per unit?2. What is the breakeven point, in units and in dollars?3. What is the required level of sales (in units) if the company plans to increase facilities costs by 5% (toimprove product quality and appearance) and has a desired before-tax profit (πB) of $200,000?4. If the company’s income tax rate is 22%, what unit sales are necessary to achieve an after-tax profit (πA)of $150,000?Explain us why it is so crucial to match product demands with production procedures.Suppose that you are the materials manager in children’s bicycle factory. Please answer the following questions: Clarify how you will manage that materials and operations inside and outside that factory. What are the planes that you will use to achieve best use of the resources that you have in the company? Based on what you learned on the Materials management course, put scenarios of the most problems and/or obstacles that you might face and solve these problems according to what you studded in the course.
