Q: Explain does lean manufacturing fit in service and give an instance?
A: The term "lean operations" refers to the end product of a well-managed operations management…
Q: Identify all costs that you can see in the Julia Martin problem. Explain simply why you classified…
A: The cost incurred in manufacturing of a product is referred to as production cost. Product cost…
Q: A type of business where the major product is intangible, meaning it cannot be weighed or measured?
A: Services
Q: Describe how the lean production improves organization performance ?
A: Lean implementation is the process that concerned to support and improve the development and…
Q: -Mention 3 tools that are prominently used in organizations to implement Kaizen. Note: You don't…
A: Kaizen is a Japanese expression signifying 'improve' or 'constant improvement.' It is a Japanese…
Q: Suppose managers expect their DVD recorder device variable costs to be $100, the product-related…
A: Given Information: Device Variable cost = $ 100 per unit Annual fixed cost of the product = $…
Q: Describe how lean production improves a organizations performance
A: Lean manufacturing methods can help businesses achieve a competitive advantage. By reducing waste…
Q: As completely as possible, sketch the value chain for Corning from raw materials to finished…
A: The value proposition is the solution offered by the company on the customer's problem. For this,…
Q: Subject: logistic management 1) Briefly explains the Lean manufacturing approach and also share…
A: * As per the guidelines for multipart questions, the first one is answerable. Lean manufacturing is…
Q: Find the products that comprise the efficient frontier. What is the dominated product alter- native?…
A: Below is the solution:-
Q: To maximize market share, what price do you suggest to the company executives? If the…
A:
Q: How does the lean manufacturing works in improving the performance of organization?
A: Lean manufacturing s the concept that mainly focus on minimizing waste during the manufacturing…
Q: A: Compare ODO0 and SAP, based on: the development of the systems, market size and popularity, major…
A: Part A In order to improve business processes, organizations use ERP software and make the…
Q: Explain how does lean production improves organization performance?
A: Lean production is a method of manufacturing that focuses on reducing waste and increasing the…
Q: Define A matrix of information that helps a team translate customer requirements into operating or…
A: Please refer to the next step for the answer.
Q: Discuss whether the cost of customizing is worth the value provided to consumers
A: Customising of the product means making some changes/alterations in the product according to the…
Q: Describe and state how the lean production improves organization performance
A: Lean manufacturing is a form of manufacturing that emphasizes waste reduction and customer…
Q: A book publisher has fixed costs of $300,000 and variable costs per $8. The book sells for $23 per…
A: Breakeven can be defined as the ratio of Fixed cost to Contribution margin per unit.
Q: How was a lean start-up like Dollar Shave Club able to disrupt the shaving market?
A: In a market, the customers will try to find out what products and services are suitable to them.…
Q: Tell us why it's so critical to integrate product requirements with production procedures.
A: All of the functions, features, and behaviors that the product must have to be effective, simple to…
Q: What is value add, non-value add and essential non-value add? Explain with the help of an example.
A: Value Add Change in the fit, form, or function for which the customer is willing to pay.This is a…
Q: A book publisher has fixed costs of $300,000 and variable costs per book of $8.00. The book sells…
A: Given - Fixed cost = $ 300,000 Variable cost per book = $8.00 Selling price = $ 23.00
Q: Do certain factors of organisational success go overlooked by lean management? Is it possible that…
A: Concept Of Lean Management - Lean management, is a concept which is defined as a kind of an…
Q: What production systems are really service processes with a high level of consumer contact? Is it…
A: The service process is just as critical as the production process in a manufacturing company.
Q: The product life cycle consists of four phases .Discuss all four phases ,adapting the phases to…
A: Product life cycles are used by managers and marketing professionals to help determine marketing…
Q: Why is cross-functional cooperation necessary in modular production
A: Cross-functional coordination is critical in modular manufacturing for the following reasons:
Q: In each of the following, name the term defined or answer the question. Answers are listed at the…
A: Note: I have answered for 1st three questions. Kindly post the remaining questions separately. 1)…
Q: Explain how to keep a repetitive or product-oriented facility's production flow balanced?
A: Manufacturing is a repetitious and product-oriented enterprise in which standard products are…
Q: Identify and critically discuss any THREE drawbacks/disadvantages of the smart factory (max 200).
A: A smart factory (also known as the industrial internet of things) refers to a production facility…
Q: COMPARE SYNCHRONOUS MANUFACTURING (TOC) TO TRADITIONAL APPROACHES?
A: Synchronous manufacturing is an operations management approach, which is based on concepts such as…
Q: Tell us why it is so crucial to incorporate product demands into production processes.
A: The house of quality technique is a part quality function deployment method used to convert the…
Q: Is there a hierarchy of importance for non-functional requirements? Explain why.《...》
A: Non-functional requirements are harder to ascertain, quantify, verify, as well as monitor than…
Q: The organizational design that encourages communication and cooperation between managers, and that…
A: Organization Structure is a system that defines how various activities in the organization are…
Q: Would critical ratio be better utilized as a static ratio or a dynamic ratio, and why?
A: For any business firms, prioritizing and adjusting the work sequence if more important in better…
Q: Select a company and identify two of their products that are supporting products for the production…
A: A company with two of its products that are supporting products for the production of a dependent…
Q: Leroy Merlin sometimes produces similar products in different factories with different suppliers.…
A: A product strategy is a comprehensive plan that describes what a company wants to attain with its…
Q: Best Shampoo & Co is declining in its organizational life cycle as the company is 25 years in…
A: Job Shop Manufacturing Unlike routine or isolated manufacturing, job shop manufacturing employs…
Q: A marketing team is going to buy promotional coffee mugs as giveaways. The manufacturing company…
A: No of Unit Produced = x Total Cost = Fixed cost + Variable cost per unit Total Cost = 300 + 4x…
Q: write a short note on "production concept" with two suitable examples.
A: Production concept is one of the Marketing concept. This concept focuses on producing goods or…
Q: what could be called the 5 Ps of production?
A: The production management function can be classified in 5Ps. It helps to provide conceptual…
Q: Cassandra is a university student and a year ago she won an "Early Concept Grant" of $8000 to…
A: The person who has a business idea and wants to transform this idea into a business to earn a profit…
Q: What term is used to mean manufacturing designed to achieve high customer satisfaction with minimum…
A: The methodology used in manufacturing designed to achieve high customer satisfaction with minimum…
Q: How can Lean Thinking help with new product development? Why?
A: Lean thinking refers to the methods of thinking about the new activities and eliminating the waste…
Q: In terms of quality in healthcare, compare and contrast the application of Six Sigma, Lean, and the…
A: The Healthcare industry is known as the industry which offers medical equipment, clinical services,…
Please write a short note on "Production Concept" with two suitable examples. Please answer at your own words.
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- A An ideal mission statement is sufficiently descriptive when:a) Identifies the firm’s products/servicesb) Identifies the markets it is trying to servec) Specifies the buyer requirements it pursues to satisfyd) Provides the firm’s own identitye) All of the above3 Compare the advantages and disadvantages of Ben & Jerry’s attempting to expand sales revenues by us- ing (a) a product development strategy or (b) a market development strategy.______1. “entreprendre” means ___________________A. To undertakeB. To MakeC. To createD. To understand______2. Which of the following is the direct contribution of entrepreneurship to thegovernment?A. Entrepreneurship provides employment which enables employees to paytaxesB. Entrepreneurship provides goods and services which encouragesconsumers to purchaseC. Entrepreneurship adds more national income through business creationD. Entrepreneurship address the needs and wants of the government______3. Which of the following is the indirect effect entrepreneurship to the government?A. Entrepreneurship provides employment which enables employees to paytaxesB. Entrepreneurship provides goods and services which encouragesconsumers to purchaseC. Entrepreneurship adds more national income through business creationD. Entrepreneurship address the needs and wants of the government______4. The flexibility characteristics of entrepreneurs refers to ________________?A. Responds to changes if deemed…
- 1. Why did Kellogg’s engage in marketing research before deciding how to inject newgrowth into Special K?2. Special K Red Berries is a variant of Special K; why was it important to check that thetwo products were not competing in a major way?3. Why was it important to create marketing plans for Special K that fitted with productionplans?4. How did the development of Special K Peach and Apricot extend the brand stillfurther?5. What was the significance of the Special K bar in injecting further dynamism to theproduct life cycle?6. Did the development of variants – Special K Red Berries, Special K Peach andApricot, and Special K bars – destroy the market for the original Special K product inthe UK?7. How has the extension of the Special K brand been a global success story?8. Is it possible to continually extend a brand to increase the life cycle of a product?9. What are the implications for Kellogg following the COVID 19 and what are yourtakeaways?I. PEST ANALYSIS put p for political, e for economic, s for socio-cultural, t for technological 1. Global communication. 2. Organization of capital market. 3. Higher security and privacy requirements. 4. New business model and unknown brand. 5. Innovation potential. 6. International trade/monetary issues. 7. Law changes affecting social factors II. Put Controllable Variable or Non-Controllable Variable 1. Supplier's delivery of materials use for production. 2. The demand and supply of production. 3. Product life cycle of the company product.please qucikly !! 23. The anticipation of ____________ are a reflection of a good mission statement.a.competitorsb.customersc.suppliersd.government
- 18) A ‘strategic alliance’ relationship is appropriate withmultiple suppliers of low cost commodities like officesupplies.Select one:A. TrueB. False19) Which is not a sub-process of the logistics process?Select one:A. inventory controlB. product assemblyC. warehousingD. transportationE. All are subprocesses20) A ‘Highly Responsive’ OPSCM strategy is a good match for aPrice Leadership competitive strategy.Select one:A. TrueB. False21) Which is not one of the reasons that all business studentsshould study OPSCM?Select one:A. It’s related to all other fieldsB. it is critical to your organization’s successC. it is critical to your career successD. it’s one of the highest cost processes in a business.E. All of these are valid reasons22) The aggregate production/operations plan is done at thedetail level of individual products and services.Select one:A. TrueB. FalseGiven the data in the Table Below, you are requested tohelp Ms. Meticulous in deciding what firm shall she choose in order to satisfyher criteria as illustrated in the Table. Show your solution and/or justificationwhy? Criteria Weights percriterionbased on herimportance Supplier 1 Supplier 2 Supplier 3 Price 40 % 8 9 10Accessibility 50 % 7 10 10 Customer-friendly (after sales service) 10% 10 10 9TOTAL 25 29 291. The most powerful cause of a person’s needs, wants and behavior.A. Attitude B. Behavior C. Culture D. Discipline 4. A key to build a sustainable competitive advantage.A. Employer B. Manager C. Team Leader D. Employee 7. All are included in a Strategic Management tasks performed in a retail firm except;A. Identify the Target Market B. Develop a Retail strategy C. Budget Planning D. Select Location 10. A place organized to implement specific business operations of the Retail Organization.A. Market B. Income C. Business D. Location 13. All are included in a Merchandise Management tasks performed in a retail firm except; A. Buy Merchandise B. Merchandise Strategy C. Price Merchandise D. Control Merchandise Inventory 14. The Most valuable resources in Retail business organization.A. Financial Resources B.…
- (b) Comprehensively analyze Porter’s Generic Strategies and for each generic strategy, provide detailed examples of two companies each that have adopted each named generic strategy.1.What is the main purpose of Porter’s Five Forces Model? a.Manage product portfolios b.Decide which products to launch c.Inform investment appraisal decisions d. Analyze competition in a market 2.What is the main purpose of STEEP Analysis? a.Assess the general environment to identify strategic opportunities and threats b. Identify and assess strategic risk and opportunities in the market c.Decide which products to launch d.Analyze competition in a market 3.What is the main purpose of Scenario Planning? a.Stimulate imagination and creative thinking b.Prepare to succeed in each potential future scenario c.Focus on a small number of potential scenarios d.Research on forces that could have a big impactA firm that is marketing multimillion-dollar waste-water treatment systems to cities has been unable tosell a new type of system. This setback has occurredeven though the firm’s systems are cheaper thancompetitive systems and meet U.S. EnvironmentalProtection Agency (EPA) specifications. To date, the firm’s marketing efforts have been directed tocity purchasing departments and the various stateEPAs to get on approved bidders’ lists. Talks withcity-employed personnel have indicated that thenew system is very different from current systemsand therefore city sanitary and sewer departmentengineers, directors of these two departments, andcity council members are unfamiliar with the work-ings of the system. Consulting engineers, hired bycities to work on the engineering and design fea-tures of these systems and paid on a percentage ofsystem cost, are also reluctant to favor the new sys-tem. (a) What roles do the various individuals playin the purchase process for a wastewater…