What are the differences between effective and efficient? Why effectiveness and efficiency are important?
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- What are the differences between effective and efficient?
- Why effectiveness and efficiency are important?
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- Manufacturing cycle efficiency is an Example of Balanced Scorecard measure of the:a. Internal perspectiveb. Customer perspectivec. Learning and growth perspectived. Financial perspectiveEasy Electronics produces CD players using an automatedassembly line process. The standard cost of CD players is$139 per unit (labor, $28; materials, $66; and overhead, $45).The sales price is $275 per unit. a. To achieve a 12 percent multifactor productivity improve-ment by reducing materials costs only, by what percent-age must these costs be reduced?b. To achieve a 12 percent multifactor productivity improve-ment by reducing labor costs only, by what percentagemust these costs be reduced?c. To achieve a 12 percent multifactor productivity improve-ment by reducing overhead costs only, by what percent-age must these costs be reduced?Each of the following areas are within the scope of Operations Management but with the exception of O a Capacity planning O b. Scheduling Oc Financial analysis Od. Forecasting O e. Motivating employees
- How DeLonghi Dedica Coffee Machine is made to be simple to clean, so you can spend more time drinking instead of cleaning?STRENGTHS: Describe 10 strengths, for analysis and rely on them, studying the possibilities of improving them. (SWOT) of "Qualified and experienced bakers and decorators."1. How can the PDCA Tool help in improving the productivity and quality problem of an organization? (Explain in 30 to 50 words) 2. Aside from organizational cost, revenue, delivery, quality, and productivity problems, what other areas of life can the PDCA tool be used or applied? Site one example and explain why. (Explain in 30 to 50 words)
- White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is $150 per unit (labor, $30; materials, $70; and overhead, $50). The sales price is $300 per unit.a. To achieve a 10 percent multifactor productivity improvement by reducing materials costs only, by what percentage must these costs be reduced? b. To achieve a 10 percent multifactor productivity improvement by reducing labor costs only, by what percentage must these costs be reduced? c. To achieve a 10 percent multifactor productivity improvement by reducing overhead costs only, by what percentage must these costs be reduced?Describe the meaning of the saying productivity is a relative measure ?Indicate whether the items below are used as key performance indicators for the areas Units produced per machinery *(A) Financial(B) Customer(C) Internal Process(D) Learning and Growth performance.
- Company X considers the ratio: number of complaints per day/number of employees neededto handle those complaints, as a productivity measure that is best when it is large.What explains the company’s point of view?To a systems thinker, there is something wrong with this point of view. What is amiss?Why is the core process of an organization more important than supporting process, please give example?1. Define the term resources 2. Create a hypothetical business that you would like to have and describe how you will combine all four resources to create your product