Give three examples of organizations that have acquired or developed new technologies to support the following objectives and provide a short rationale for each example: reducing cost reducing lead time or lead time variability improving quality increasing flexibility and the ability to customiz
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Give three examples of organizations that have acquired or developed new technologies to support the following objectives and provide a short rationale for each example:
- reducing cost
- reducing lead time or lead time variability
- improving quality
- increasing flexibility and the ability to customize
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- describe the Balanced Score Card and demonstrate how it can be used to entrench quality assurance into any institution’s strategic framework.Why do casual analysis, statistical analysis, and Pareto analysis have different names? Which category does the ODC technique fall under?CASE STUDY You have been assigned the task of making a preliminary recommendation for the material to be used in the bumper of a new ultra-safe crash-resistant automobile. It is particularly important that the bumper be able to survive the energy levels associated with low-velocity crashes, without damage to the bumper of the automobile. Even more important, for high energy levels associated with severe crashes, the bumper should be capable of deforming plastically over large displacements without rupture, thereby dissipating crash pulse energy to protect the vehicle occupants. It is anticipated that these new vehicles will be used throughout North America, and during all seasons of the year. A 10-year design life is desired. Cost is also an especially important factor. Propose one or a few candidate materials suitable for this application. (Specific alloys need not be designated).
- Interview managers at a local company to identify the key business measures (financial, market, supplier, employee, process, information, innovation, etc.) for that company.What quality indicators does that company measure? What cause-and effect (interlinking) performance relationships would be of interest to the organization?Customer Manufacturing Group (2010) Using Business Process Improvement Teams to Increase Customer Satisfaction and Improve Performance. A Customer Manufacturing Group Case Study [Online]. Available at: http://www.customermfg.com/wpfiles/csbpi.pdf (Links to an external site.) Question The case study from the Customer Manufacturing Group (2010) outlines the business process improvement that was undertaken within a company. Discuss what this case study demonstrates about how business process improvement should be taken within companies.A Food Processing company has proposed you as a management consultant. The firm seeks to implement the balanced scorecard tool in an attempt to monitor performance.The management has no idea about the balanced scorecard model and has approached you for guidance regarding the approach to implement it and the challenge such a model presents.a) Describe the balanced scorecard. b) Explain the steps that a company can take in designing and implementing the balanced scorecard.
- What are three components of quality assurance ?Perkins Company has been experiencing lost sales and high returns recently, so they decided to undertake a comprehensive quality program. Here are factors being considered: Finished products need to be inspected before shippingEstimated cost: $45,000 Production equipment needs upgradingEstimated cost: $400,000 Perkins knows that if it undertakes this program, it will be able to reduce warranty repair costs by $25,000. They also know they will be able to avoid lost profits by retaining customers, but they cannot quantify that benefit with any degree of precision. Should Perkins go ahead with the quality program? A) Yes, they should, regardless of any other considerations. B) No, they should not. C) They should, only if the benefit of avoiding lost profits is estimated to be over $420,000. D) They should, only if the benefit of avoiding lost profits is estimated to be over $445,000.How can ISO specifications support an organisation with strategic planning? How can ISO standardise?