what step in the continuous improvement process will indicate if quality is increasing
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what step in the continuous improvement process will indicate if quality is increasing
a. recommendation
b. implementation
c. documentation
d. evaluation
Step by step
Solved in 2 steps
- ABC is still at a relatively early stage of its development and its implications for the process control may in the final analysis be more important than its product costing implications. it is a good time for every organization to consider whether or not ABC is appropriate to its particular circumstances. You are required (a) to contrast the feature of organizations which would benefit from ABC with those which would not. (b) to explain in what ways ABC may be used to manage costs, and the limitations of these approaches. (c) to explain control product costs.Which of the following should be ignored in a make-or-buy decision? a. cost savings b. whether the supplier will make a profit that would no longer belong to the business c. future growth in the plant and other production opportunities d. quality issues with the supplierRequired information Skip to question [The following information applies to the questions displayed below.] Solidtronic Inc., an original equipment manufacturer (OEM), has a product specification of 75 +/− 5 (i.e., T [the target value] = 75). The cost for warranty services (when the quality characteristic, x. is either 70 or 80) is estimated as $800 per unit. Calculate the estimated total quality loss (cost) when the measured quality characteristic, x (e.g., circumference, measured in inches), is 78.
- At Conner Company, a custom manufacturer of printedcircuit boards, the finished boards are subjected to a finalinspection prior to shipment to its customers. As Conner’squality assurance manager, you are responsible for making a presentation to management on quality problems at the be-ginning of each month. Your assistant has analyzed the rejectmemos for all the circuit boards that were rejected during thepast month. He has given you a summary statement listingthe reference number of the circuit board and the reason forrejection from one of the following categories:A = Poor electrolyte coverageB = Improper laminationC = Low copper platingD = Plating separationE = Improper etchingFor 50 circuit boards that had been rejected last month, thesummary statement showed the following:C B C C D E C C B A D A C C C B C A C D C A C C BA C A C B C C A C A A C C D A C C C E C C A B A Ca. Prepare a tally sheet (or checklist) of the different reasonsfor rejection.b. Develop a Pareto chart to identify…The items that follow are associated with a management accounting information system. a. Repairing a defective part.b. Providing information for planning and control.c. Designing a product.d. Measuring the cost of design.e. A budget that shows how much should be spent on design activity.f. Using output information to make a decisiong. Usage of materials.h. A report comparing the actual costs of quality with the expected costs of quality.i. Surveying customers to assess post purchase costs.j. Incurrence of post purchase costs.k. Costing out products.l. Assigning the cost of labor to a product.,m. Report showing the cost of a producn. Measuring the cost of qualityRequired:Classify the items into one of the following categories:1. Inputs2. Processes3. Outputs4. System objectivesQ: Name the stakeholders who are often responsible for the good quality, explain how they are responsible? explain with proper headings without plagiarism.
- A work team is looking at a current product in the LUML catalog --- the L555X fixture. The L555X was introduced about 2 years ago; is a pretty good seller; seems to meet customer needs (virtually no complaints and few returns); and should be in production for several more years. No major changes in capability are planned. However, LUML is interested in improving the profits from the product. Marketing opines that the L555X is fairly priced given the competition and L555X’s capabilities. One option to try to increase profits is to raise the price (revenue) while holding the production expenses constant. Marketing believes that the L555X has a typical demand curve; and an increase in price will lead to a decrease in sales volume and lower overall revenue. On January 13, the team analyzed the current design and identified 63 parts in the L555X. On January 27 and 28, the team met with the industrial engineering department. Together they were able to identify 108 interfaces in the L555X.…Q2) The main purpose of cost management is to provide cost information for operational control. Select one: True FalseRick DeNeefe, manager of the Golden Valley Bank creditauthorization department, recently noticed that a majorcompetitor was advertising that applications for equity loanscould be approved within two working days. Because fastcredit approval was a competitive priority, DeNeefe wantedto see how well his department was doing relative to thecompetitor’s. Golden Valley stamps each application withthe date and time it is received and again when a decision ismade. A total of 99 applications were received in March. Thetime required for each decision, rounded to the nearest hour,is shown in the following table. Golden Valley’s employeeswork 8 hours per day a. Draw a bar chart for these data.b. Analyze the data. How is Golden Valley Bank doing withregard to this competitive priority?
- Book pdf : https://drive.google.com/file/d/1ojDaUwQu0gxTIn7oJnINvLmeqv5_FMz7/view?usp=drivesdk Question as in the attached photo from page 218 Question 5 Note: Give full explanation with clear indication to the problem’s aspect. Use information provided in table 7.8 , 7.7 (*) Use the weighted-point evaluation system to cal- culate weighted performance scores for each of the software firms. Would the results change if each dimension had a weight of one-third? (**) In Chapter 2, we described order qualifiers as per- formance dimensions on which customers demand a minimum level of performance. Basically, if a supplier fails to meet the minimum requirements on any of the qualifiers, that supplier would be eliminated from contention. How would you incorporate the concept of order qualifiers into the weighted-point evaluation system?10- It is important to communicate with the customer verbally and non-verbally about the satisfying capacity of the product. These statements are meant to ______, _______, ______ the customer of the best possible product fit to his needs. a. Informs, persuade, recommend b. Recommend, progress or help c. Identify, suggest, remind d. Inform, persuade, remindWhich of the following is not a type of specification? (A) Material specifications (B) Dimensional specifications (C) Manpower specification (D) Performance specifications