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The HR Integration Product Manager has solicited and received approval for the project from Hugh McCauley, COO (Riordan Manufacturing, 2004). Key stakeholders will be identified including the scope and feasibility of this project. Additionally, Section 1 will describe the information-gathering techniques and design methods for Riordan Manufacturing service request SR-rm-002. Analysis of the HR system will be discussed, followed by identifying key factors, which will help ensure that the information required for the project is gathered successfully, and give an explanation of the scope and feasibility of the project.
The role of stakeholder is very important in success of any organization. Any company should collaborate with stakeholders for the growth of organization. "Stakeholders are influential people who are vitally interested in the actions of business" (Pearce II & Robinson, 2009). Key processes should be involved to utilize key stake holders. First of all, a company should identify a…… [Read More]
etween 1971 and 1979, ridgestone built almost 1 million bikes for Schwinn, or roughly about 4.5 times the number of bikes ridgestone-Japan built in during the ridgestone years of 1984-1994. icycle manufacturers such as Schwinn did not begin manufacturing their own frames until the late seventies. ridgestone had been producing its handbuilt Paramount line of racing and touring machines, with elegantly carved and hand brazed joints, since 1938, and these frames were regarded as among the best built anywhere in the world (Muller, 2007). However, this type of early manufacturing process never evolved into mass production.
The present manufacturing process greatly differs from the early processes utilized by companies such as Schwinn. In the present, frame manufacturers buy tubing from one source, frame fittings from others, and then fabricates a frame. Some companies outsource frame subassemblies and bicycle painting to other countries where the labor is cheaper. This differs greatly…… [Read More]
Aiquang (2007) conducted a review of Bosch Group, the global supplier of automotive, building and industrial technology as well as consumer goods. Before implanting TPM they spent several hours in solving machine/equipment problems, while the operators and line leaders did not know how to assist them.
Gurinder Singh (2006) conducted a review of Total Productive Maintenance and found that faced with an economy in recession, increasing competition, an installed capacity greater than demand, and sales price and raw material cost dictated by the market, total productive maintenance (TPM) may be the only thing that stands between success and total failure for some companies. The TPM program shifts responsibility for routine equipment maintenance from the maintenance department to process owners and production employees. It merges the best features of productive and predictive maintenance with innovative management strategies and total employee involvement.
Sun, Yam and Wai-Keung (2003) reviewed a pilot implementation and…… [Read More]
The product that this company will be manufacturing are bags that will be sold at Gap retail locations and through online sales. The price target for these bags is between fifty and eighty-five dollars, and retail markup is estimated to be approximately forty percent. This means the cost to the retailer will need to be kept in the range of approximately thirty-six dollars and sixty-one dollars in order for Gap to achieve a reasonable margin to cover its costs and make a profit. The manufacturing company would like to see a ten percent profit margin, as well, meaning that the final costs of manufacturing and distributing the bags (to Gap's own distribution centers, not through the full distribution chain to actual retail stores) need to be capped at between thirty-two and fifty-five dollars. Achieving these manufacturing and distribution goals should be fairly easily achievable in a variety of…… [Read More]
Manufacturing Industry in Australia
The question that is being studied here is of unemployment, and this is clearly not being lost because of imports. The calculations have been made by the Australian Center for Industrial elations esearch and Teaching, and they say facts about the net changes in the rate of employment between 1988 and 1998 in a number of industrial sectors. It can be seen that there is a clear decline in employment in eight sectors of industry during this decade. There was a net loss of about 250,000 jobs and more than sixty percent of the loss was in areas where there was no competition. This concerned employers like Commonwealth Bank, SECV, State ail NSW, AMP, and the federal public services. (Do imports cost jobs: What's wrong with fair trade?) Compared to this, the total number of people employed in sector of textiles, clothing and footwear manufacture in…… [Read More]
Machines Run Time Reject Rate
Milling 5-2 min 3% = 145 products per hour
Grinding 7-3 min 5% = 137 products per hour
Boring 3-1 min 2% = 176 products per hour
Drilling 6-2.5 min 7% = 136 products per hour
According to the manufacturer's data, currently, Beck Manufacturing is producing product at the following rate:
Machines Run Time Reject Rate Total
Milling 5-2 min 3% = 145 products per hour
Grinding 7-3 min 5% = 137 products per hour
Boring 3-1 min 2% = 176 products per hour
Drilling 6-2.5 min 7% = 136 products per hour
Every day, Beck Manufacturing is producing the following amount of product during its two eight-hour shifts:
Milled 2320 products Ground 2192 Bored 2816 Drilled 2176
The first thought, of course, is to add an additional shift to the two that are currently being run on a daily basis. If that venture…… [Read More]
The communication baies must be eliminated. This objective can be achieved though pope HR taining and though the use of it systems at all the levels in ode to suppot a bette coodination of all the actions. The quality contol would be bette supevised and enhanced in this manne.
In ode fo the company to be able to espond to the cuently developing needs and pefeences of the customes, it needs to have a bette management of the Mateial Requiement Planning. The huge inventoy stocks must be eliminated o at least the time peiods of thei stocking must be diminished. In this aspect, Tico could delive the supplies to the ca companies, having them stoe the items. The company should take advantage of the fact that it is the only manufactue of this kind in Austalia and impove its position within the elation with the clients. In ode to do…… [Read More]
Vehicle's Assembly Process (Ford Mustang)
Introduction to the plant
On one of the most modern and advanced production systems in the world at the Ford Group plant, the Ford Mustang has been manufactured at the factory with an investment of a 230 million investment program.
The fully installed factory capacity has produced around 100,000 Mustangs yearly with a transformation in two stages into a state of the art manufacturing facility. The plant employs approximately 2,500 associates who are into breaking new ground in the automotive industry of the country with an extensive flexible working agreement.
In the mid 1990s, the foundation for the plant's transformation was set that had an initial investment program of 280 million in order to make a new paint shop, body-building facility and assembly areas. Earlier, an additional 230 million has been spent on the Mustang production.
It has been an extraordinary story of putting…… [Read More]
Prestowitz (2005) addresses the incongruity that this is presenting to the American laborer. Even as education costs continue their annual climb, the competition for jobs in service and technology industries is making a loser out of the American white-collar worker. The economic demands created by the social parameters of American educational and professional advancement dictate such occupations must command a wage spectrum concordant with the attendant costs above mentioned. This is a wage which far exceeds that of the aspiring Indian programmer or support technician. This global proliferation of information and communication technologies such as mobile communication, the internet and voice-over-internet-protocol devices -- direct and intentional results of free trade -- has created a far cheaper workforce in many of the disciplines which gained their economic pertinence in the United States. ith the enhancement of telehealth communicational possibilities, this reflects a danger that soon the consultation which is provided by…… [Read More]
Initial concentrations may be minute, but because the body does not adequately eliminate or metabolize these compounds, they accumulate in the tissues. This occurs until the concentrations become significant enough to interfere with the bodies functions. This is problem is exacerbated by the challenges associated with the extraction of these metals from the environment, once they have entered. These metals are very difficult and expensive to remove from contaminated areas. The troubling reality is that cleanup is never complete.
The impact on the human body is long-lasting and disastrous. High concentration of lead has been linked to damage to the central, peripheral nervous system, and the kidneys. Cadmium, which has a long half-life, and therefore is more susceptible to the accumulative effects has been shown to amass in the kidney and will ultimately produce toxic effects. Mercury becomes methylated mercury when it encounters bodies of water. Methylated mercury accumulates easily…… [Read More]
Sturm Ruger is one of the largest firearms manufacturers in the United States. The company is solid financially, despite some steep revenue declines. That said, the industry is still slated for growth, albeit slow growth. This calls into question the effectiveness of the company’s strategy, if it is suffering heavy revenue declines. The profits have also declined. While Sturm Ruger has made some moves financially to help get it through these times, while remaining profitable, such moves might not be sustainable, and the company will need to address the root causes of its revenue struggles, be those causes in its products, the competitive environment, pricing, distribution or otherwise.
Discussion of the Firearm Industry
The firearm industry in the United States is worth approximately $17 billion, spread over 690 businesses, with an annual growth rate of 2.8% (IBIS World, 2019). The National Shooting Sports Foundation estimates that the…… [Read More]
Companies such as General Motors are an ideal historical example of an organization which has literally created and sustained towns in order to power its manufacturing operations, such as the notorious center of production which once was Flynt, Michigan. With the closure of its major plants in the 1980s, as per the pattern whereby such nations moved operations to cheaper markets, Flynt and towns just like it have descended into despair, poverty, crime and an outright sense of having been birthed, fostered and subsequently abandoned to a place with no capacity to reinvent itself. As a microcosm of America, this helps to underscore what our reading has been largely about. Namely, the ethical imperatives of this questions are deeply relegated by more practical questions about the maintenance of the American economy as a whole. Situations like Flynt and the knitting mill are indicative of a corporate callousness and a humanitarian…… [Read More]
Seven Key Elements for Successful Implementation
Norman inette, Jr.
Manufacturing organizations are built on the premise that they possess the ability to provide a wide variety of quality products for their customers. This reputation is dependent upon the constant review of existing processes and the identification of new and innovative methods of production that will enhance and increase the diversification of product lines. One such process that has proven itself as a valuable commodity in recent decades is World Class Manufacturing. This process involves a number of complex steps encompassing a variety of business units that are subject to continuous review and improvement. This process is designed to maximize employee productivity at all levels of the organization, from the assembly line to executive management. A successful World Class Manufacturing strategy will provide the organization with numerous opportunities for growth and will enable a successful transition to unique…… [Read More]
Suddenly instead of focusing on price competition American manufactures could ratchet up customer expectations and meet them, winning customer loyalty at a profitable price. In effect American industries that don't go after these process efficiencies are in effect handing their potential for profits to other nations; industry as competing on price is in effect competing to lose profitability over time. Instead American manufacturing must re-center on competing with aggressive intelligence and a focus and intensity to serve the customers they have more than any global competitor. To get to this level of performance against global competitors who are already focused on process efficiencies with customers at the center of them, American manufacturers must embrace lean manufacturing principles, processes and procedures to make their operations more efficient and profitable (Mann, 2009). This needs to get beyond using Six Sigma to simply re-architect specific processes; the focus must be strategic and on…… [Read More]
Apple -- Outsourcing manufacturing operations
Apple Inc. is a very powerful American company that has been outsourcing its manufacturing in a very successful manner and for a very long time as, majority of its manufacturing takes place in China.
It has been since the 1970s that the concept of outsourcing is being used however; it is only in the recent years that it has become very popular as big companies such as Apple have started making use of it. Today more and more companies are opting to outsource a lot of their projects and departments whether on a national level or on an international level. This is being done by the companies in order to improve their efficiencies and reduce their production costs.
There are a lot of advantages associated with outsourcing such as, low production costs, faster delivery, more products in less time, increased cash flow, quick and…… [Read More]
manufacturing models that appear to be incompatible at first glance. The conclusion is that integration is possible, and that this can be done to the benefit of both the manufacturer and the company as user. The integrated software package, enterprise resource planning, or ERP, has been used by organizations for the part ten years. However, material requirements planning problems resulted in the emergence of a new manufacturing model, known as Lean. The rest of the article considers the viability of using the systems together, since many companies have an investment interest in ERP, while integrating components of Lean to optimize their production efficiency.
The main difference between Lean and ERP is that the former places emphasis upon continual production improvement, while the latter is mostly concerned with planning. The premise is that ERP slows down the production process by unnecessary data tracking, while Lean aims at optimizing production speed.
In…… [Read More]
They also recommended that the use of punch hole rivets near the windows, to be replaced with the use of epoxy or drill riveting, to prevent air pockets from developing near the cabin. ("OAC Flight 781," 2005)
The accident changed the industry, by allowing for window designs that were more rounded. This is significant because such a design would provide greater support to the cabin during flight. As a result, these windows have become standard in all jet and propeller driven aircraft. What this shows is that the lessons learned from the accident, mainly the windows and the rivets were used to improve the overall quality of designs of aircraft for the better. ("OAC Flight 781," 2005)
Clearly, the three different incidents highlight specific issues that helped contribute to each accident. Where, all of them have helped improve designs, training and inspections standards. This is important because investigators can use…… [Read More]
Owning a business can be difficult and challenging, but can also be highly rewarding. This paper will address a manufacturing business that will employ a minimum of 20 people. When a person has employees, how he or she operates the business changes drastically as compared to a business where the owner is the only "employee." With that in mind, it is vital to be aware of the issues the business will face and how those issues should be handled in order to allow the business to grow and prosper. The first thing that needs to be done is to create a good strategy by which the business will operate. That will be addressed in the following pages, along with how the strategy impacts the process selection and product design. Additionally, supply chain management and total quality management will also both be discussed, along with just-in-time manufacturing and…… [Read More]
However, there are changes in customer tastes, which influence steel demand. Moreover, the new technology is increasingly influencing the production of steel and many companies are gaining competitive edge using the latest technology in the steel manufacturing. Moreover, the cost cutting is another trends happening within the industry because organizations are increasingly source for high quality materials at lower costs to produce at low costs thereby offering the product at low prices in the market. More importantly, many steel companies have taken the advantages of internet technology to offer their products online. Using the internet method to offer products to consumers, many companies have been able to offer their products internationally.
Nucor Corporation and AK Steel are our primary competitors because the companies use the retail outlets to sale its products to both retailers and consumers. Moreover, in a steel industry, brand is a powerful tool that organizations employ to…… [Read More]
Pencil Manufacturing and Marketing
Production and Marketing of Pencils
Profit and Loss
Principle of Profit
Factors of Production
Economic Conditions Affecting the Business
The Equilibrium Point or Market Price
Competition within the Free Market
Benefits and Limitation of Free Market
Import and Export of Pencils
Strategies for eaching Global Market
Managing Business Ethically and esponsibly
easons for Business Ownership
Development of the Industry
Cross-Functional Semi-Managed Teams
Techniques to Improve Manufacturing
Operation Management Planning
Facility of Location
Motivation of Employees
Training the Employees
Objectives of Compensation and Appraisal
Determining Human esource Needs
Determining Threats to the Industry
This paper discusses the complete process of manufacturing of a…… [Read More]
Capital-Intensive Manufacturing Method
In order to properly calculate the estimated break-even point in annual unit sales of the new product if Martinez Company uses the capital-intensive manufacturing method, the first step is to add the manufacturing cost of this methodology. On a per unit basis, those costs are $5 +$6+$3 for a total of $14 per unit. Therefore, for every unit sold the company will profit $16, which is that $14 minus the $30 unit sales price. While the company is profiting $16 for each unit sold, it has a fixed manufacturing cost of $2,508,000 for choosing this particular methodology. Additionally, the company must compensate for an annual incremental selling expense of $502,000 as well as $2 for each unit sold. It has been noted that, "the incremental cost of selling an additional item is the difference between the cost of selling with the item included and the cost of…… [Read More]
Ayers (2000, p. 4) describes a supply chain as "Life cycle processes supporting physical, information, financial, and knowledge flows for moving products and services from suppliers to end-users." A supply chain can be short, as in the case of a cottage industry, or quite long and complex as in the manufacture, distribution, and sales of automobiles. In fact, the automobile supply chain has its origin in the mining of the iron ore used to make many of its components.
Forward-looking companies and industries are beginning, now, to leverage the communication power of the Internet to improve their supply chain efficiencies. In the same way that early computers offered improved efficiency within the walls of a company, the promise of "Internet Technologies" (IT) now offers potentially far-reaching positive effects throughout a company's entire manufacturing supply chain. If the changes brought about by an "Internet revolution" such as thin-client technology; seamless integration…… [Read More]
The impact of IS/IT on manufacturing begins with an analysis of firm's value-chain analysis.
Well-structured information systems allow companies to integrate and coordinate information with the value-chain activities, identify significant changes and trends in the company performance and compare similar activities performed in different locations (Bashein, Markus, and iley, 1994). These information systems also allow managers to make non-programmed manufacturing decisions, as Decision support systems and EP systems can aid management in handling complex manufacturing decisions by providing quick and proper solutions of non-recurring manufacturing problems.
The use of IS networks are also necessary to support just-in-time (JIT) inventory management systems, which dramatically reduce inventory costs by closely coordinating suppliers' deliveries and manufacturers' production schedules. Similarly, external IT networks make it practical to improve business delivery processes. IS/IT offers an organization the ability to effectively leverage information resources for manufacturing activities (Tomasko, 1993).
Traditionally, product development processes have been…… [Read More]
Though there are an increasing number of manufacturers who are successful in implementing lean principles to the factory floor, using them to the rest of the organization has a long way to go. (Moving lean beyond the factory floor)
To conclude, History has established that Lean Manufacturing is here to settle. The query is, "Will your company adopt Lean Manufacturing and make it an enduring company strategy and eventually a way of life?" The answer to this query will decide whether the company will endure in the ever more aggressive manufacturing environment that we live in. (Timco, 2001)
Becker, onald M. (June, 2001) "Lean Manufacturing and the Toyota Production System" Automotive Manufacturing and Production. pp: 12-16
Chaneski, Wayne S. (February, 2001) "Companies Starting to Think About Lean Manufacturing" Modern machine Shop. pp: 10-15
Clarke, J. (14 July, 2004) "Lean's Benefits are Clear, but Many Manufacturers are Significantly Behind their…… [Read More]
Chinese Manufacturing Industry
The social group that I choose to analyze is the population involved with the Chinese manufacturing industry. I choose this particular group is because of three reasons. The first reason is China's economic develop is growing rapidly relative to the rest of the world. Another interesting fact is that compared with other countries, Chinese labor is much cheaper yet there is still a high skill level. Because of these factors, a large number of products are exported every year and some people have called China "factory of the world." The final reason is personal and it is because I am a Chinese, I have an intimate knowledge with China, and my family is also currently engaged in the manufacturing industry. I have access to information about the environment, economics, and politics that has led to the number of manufacturing companies in China that is currently…… [Read More]
This can create inefficiencies in the production process. The advantage of discrete manufacturing is that the process is often quite flexible. This means that a manufacturer can often handle both an increase in demand and a decrease in demand by adapting its output to suit. This includes that there is generally only a minor increase in the cost per unit if less items are produced. Another advantage is that any error in the production process that damages the product will typically only damage one or a few products.
The main disadvantage to process manufacturing is that any error that damages the product, damages the entire batch of product. This will typically cause a significant loss to the organization. The loss can be even greater if the raw materials for the process are limited. For example, consider an organization that produces coffee by processing coffee beans. If the coffee beans are…… [Read More]
The primary goal for the management team at iordan Manufacturing is to solve the existent problem, and through the strategies developed and implemented, ensure that it does not occur again in the future. In other words, they desire to increase employees' on the job satisfaction and reduce as such the turnover rates, which materialize in increased costs. The future goals of the plastics manufacturing company could be best described with the aid of a realistic vision statement. This could be formulated as follows:
iordan Manufacturing is committed to maintaining its leading position onto the plastics industry by presenting their customers with high quality products, delivered by highly specialized and trained employees. The organization is also determined to make a difference in the environment by using the latest technological appliances which preserve the health of the surrounding environment. We are also proud of the healthy and pleasant environment we…… [Read More]
purchase of Smithon Manufacturing, Mr. Jones wants to know if he should outright purchase all of the stock.
1(a). Smithon Manufacturing requires new equipment, which will cause debt for the first two years. If Mr. Jones decides to purchase all shares of the company, he will inherit the company's debt. Already the owner of Johnson Services company, one option is to issue debt to pay for the Smithon company. Issuing debt has its benefits, including reduction in taxable income due to issuance of interest payments to debt owners. In issuing debt, Mr. Jones would raise Johnson Services company's debt-to-equity ratio, which raises the chances of bankruptcy and may have difficulties receiving corporate loans in the future (Sharp Investing, 2007).
Mr. Jones wishes to change the structure of Smithon Manufacturing from a C corporation to an S corporation. AC corporation is a separate legal entity, and shareholders have liability protection from…… [Read More]
Superior Manufacturing Company explains the importance of decision making on the basis of future costs rather than the historical projections. The description of the case has distinguished the different types of costs that are involved in taking decisions including variable costs, fixed costs, avoidable cost and unavoidable cots. The case has contrasted the difference between accounting methods based on process costing and job order costing. The case also highlights the importance of a proper succession plan as Superior Manufacturing Company had to face a great deal of difficulties because of not having a proper succession plan.
The Superior Manufacturing case study has covered the various aspects of management and accounting. Paul Harvey lacked the required expertise and leadership skills to manage the company of such a large scale hence the performance of the company suffered which was reflected by their financial statements. The financial records held the key to learn…… [Read More]
Fuzzy Logic-Based Control of Manufacturing Processes
Enormous advances in technology have made everyday life much easier. New developments within control systems have allowed for greater empowerment for individual devices, which often takes the burden off of the user. Among the many new technologies based on artificial intelligence, Fuzzy Logic Control System is the most popular and most applicable system. Almost in all domains, Fuzzy logic has a broad application area. It is safe to say that we can replace all control-based systems by Fuzzy Logic Control System. FCLS can be used in a great variety of commercial and industrial applications, showing its strength and prominence as a new technology prompt for future innovation.
Fuzzy Logic is a principle within artificial intelligence that is based primarily off the notion of logical reasoning that humans use daily in the context of the normal everyday lives. There are a number of instances where…… [Read More]
A concentrated manufacturing strategy, however, will incur far higher distribution costs due to the very same factors that create a cost savings in a decentralizes strategy. There will also be a greater negative impact on the environment from the increased amount of shipping that will necessarily take place in order for the companies products to make their way into all regions of the global market. The increased profitability that is expected from this strategy will likely make it possible to overcome these barriers and even to offset carbon emissions through cap and trade, though, making it more ideal for the company. Tariffs and trade barriers are also likely to be relatively low for this product, as the microprocessors the company manufactures are utilizes in many different technologies necessary for the running of modern businesses -- preventing or limiting entry of microprocessors into individual regions or countries would have an inhibiting…… [Read More]
Applying Statistical Process Control Pharmaceutical Manufacturing
The use of applied statistics in studying a pharmaceutical manufacturing process is examined in the work of Tiani (2004) reports that health care quality is critically important in society and the quality of health care is important to all individuals. It is important that treatment is given in an accurate manner and this is particularly true of medications given to patients as it is expected that "the bottle of medicine has the specified number of tablets and that each tablet contains the specified quantity of the correct drug." (Tiani, 2004)
Legal and Regulatory Framework
There are legal and regulatory requirements set out in the law of the United States that the quality of medications be controlled in the pharmaceutical industry. The regulations are contained in federal statutes and outline "a quality control functions that emphasizes inspection and defect detection, and pharmaceutical quality control technology."…… [Read More]
The main argument in favor of this solution is the time efficiency it generates. The purchased application will be installed in the shortest possible time, whereas the installation of the internally developed software will only be possible in two years time. The company does not have two years to spend on waiting around for a better customized solution, as it is already threatened by the potential loss of customers due to an inadequate information system.
The second reason is that of the financial costs implied, in the meaning that the already developed application is more cost effective. Considering however that the managerial team finds it difficult to part with the perceived advantages of the internally developed solution, a compromise could be made in that of using the application from EMS for the time being, and based on the improved financial results it would generate, to construct a special budget, designated…… [Read More]
Riorden Manufacturing Budget
Money management is an important skill for managers. No company, and thus no manager, has access to infinite amounts of money, so it is critical that a manager learn to review budgets, to account for increases in costs, and to determine how to trim a budget if the situation requires it. The Riorden Manufacturing IT Manager oversees a budget of under 2 million dollars, and must be capable of balancing the budget, which means balancing the requirements of running a capable IT department with the actual amount of money he has been given to run his department. His original budget included costs totaling $1,901,300 for the financial year, which runs from October through September. He has been tasked with decreasing the total budget from the expected level by 2%, to meet a total budget of $1,863,274 or less.
In the same financial period, Riorden Manufacturing has been…… [Read More]
This move is to lock out EP systems from other nations running their factories and ensure their lasting manufacturing competitive advantage.
Still, the onslaught of manufacturing continues to China. Dell Computer for example opened a manufacturing center in Xiamen, along the coast of China that borders Taiwan, and IBM has a sizeable office and development center in Shanghai. The most troubling aspect of this however is how quickly corporations in western nations including the U.S. will trade information and even the potential freedom of people to gain access to China. The release of personal information by Yahoo of a blogger in China and the about-face of Google on sharing search data with China on their citizens are cases in point.
Friedman (2005) - Thomas . Friedman, author. The World is Flat. Farrar, Straus, and Giroux. New York, NY.…… [Read More]
Silo Manufacturing Company (SMC) is situated in Beaune, France. The manufacturing company is a regional provider of grain tower, also referred to as silos, for farms. In particular, the core business of Silo Manufacturing Company is the production of the grain elevators. However, in recent periods, Silo Manufacturing Company has expanded and propagated their business to take into account the most recent and cutting-edge in agricultural engineering services for elevator design. In this case, the paper attempts to resolve a prevailing issue between Fred Ferguson, the Financial Comptroller and Peter Patrachalski, the Purchasing Director. These two executives both make different arguments regarding Silo Manufacturing Company's ordering policies and present different proposals (Frankel, 2013). The paper will also consider the Economic Order Quantity approach, which is proposed by Lewin to ascertain the right quantity that ought to be recommended.
What is the cost difference between Ferguson's proposal to order 4 cases…… [Read More]
iordan Manufacturing: Internal and External Compensation
iordan Manufacturing: External and Internal Equity Compensation
iordan Manufacturers, being a leader in its industry, appreciates the need to meet the needs of its employees through a fair compensation policy - one that equates pay with the value of the task performed, because fair treatment boosts employee performance and morale, and is an effective employee retention technique (omanoff, Boehm & Benson, n.d.). Internal equity compensation describes an employee's compensation in relation to that of other employees at the same level within iordan Manufacturing (H Council, 2014). External equity, on the other hand, compares iordan Manufacturing's wages with those of organizations within the industry.
Employee compensation is fundamental to iordan Manufacturing, just as is stipulated in the company's compensation philosophy. iordan realizes the intensity of global competition and understands that in order to maintain its industry position and market share, it has to acquire the…… [Read More]
must be factored into the equation of how much it will cost to operate the business.
Finally, because human beings are one of the primary resources of the service sector, employee attrition is always a problem. Poor employee training results in poor customer service, and a loss of critical demand. In manufacturing, a behind-the-scenes employee can be retrained with greater alacrity, and his or her personality and ability to provide good customer service is less critical to the survival of the business.
From an operation manager's perspective, the most frustrating difference between the two sectors lies in the fourth area of expense, the greater overhead costs of the service sector. It is often more difficult to pinpoint where needless waste is occurring, in the service industry, because it is often due to human factors, or incorrect use of the equipment by employees. In the manufacturing sector, a manager can quantitatively…… [Read More]
Winsome Manufacturing Company
Describe the possible risk events for the project. Identify the high probability, high-impact risk events. For each of those risk events, identify the possible actions to mitigate the risk.
According to the case, Winsome Manufacturing Company operates along with its sister concern with various functional units divided between the two entities. The sister concern of Winsome Manufacturing Company is primarily a unit that deals with purchasing products from outsourced manufacturers, brand the products, educate the sales representative about the product and market it to the final target market, which are home consumers through home sales event. The sales department is also responsible for forecasting sales, pricing, monitoring sales, identifying new markets and bringing in new products into product line.
There is little chance that any project in the corporate sector is a completely risk free project. Given that a project consumes some degree of investment and scarce…… [Read More]
Low back injuries are a common and costly concern for several companies, particularly manufacturing firms. These injuries have several causes taking into account wrenches and tensions from over-exertion, tumbles, material handling, and auto accidents. This analysis considers the most common injuries experienced in the manufacturing company, which is associated with material handling tasks. My response to the COO as to whether the manufacturing company should establish a policy that would require workers to wear back belts when performing lifting or other material handling tasks when at work would be a 'no'. This is largely because the efficacy of utilizing back belts to decrease the risk of back injury amongst uninjured workers continues to be unproven. Back belts do not alleviate the risks to workers posed by incessant lifting, pushing, pulling, twisting, or bending. Therefore, my response is to not recommend the utilization of back belts to preclude injuries amongst…… [Read More]
Timmon's Manufacturing Company employee Don Carmen was used by DeVito Management Consultants as part of a time study in the painting of a new product. That time study will be used to establish the labor time standard for the next 6 months. Don was aware that he was being used in the time study, so he slowed his pace in order to obtain a labor time standard that would be easy to meet.
Don and his coworkers were seemingly benefitted by Don's actions. By slowing down his time, Don established a slow pace that would be easy for him and his coworkers to meet. Therefore, it would seem that they would make more money for less work. However, by reducing production standards, they Don may have made the company less profitable. If the company is less profitable, it might not be able to continue to pay its staff,…… [Read More]
Diversity; Manufacturing Hope and Despair
The article, "Manufacturing Hope & Despair: The School and Kin Support Networks of U.S. Mexican Youth" by icardo D. Stanton-Salazar covers the social order of education and adolescence in American and Hispanic young people. He urges school personnel to become more involved with students. He notes, "School agents frequently find themselves acting as co-parents, informal mentors, child advocated, and informal psychologists," and this is especially important to the low-income youth's success in education. He goes on to profile a predominately Mexican high school in San Diego, Auxillo High, and looks at supportive relationships with teachers and counselors in the school. He illustrates several different student/teacher relationships, and shows how they positively affected the student's lives. He also discusses a special program implemented at the school called AVID, and shows how the program has also helped transform some of the students both personally and academically. The…… [Read More]
Pencil Manufacturing and Marketing
Pencil: From the manufacturer to the consumer
In the case of an ordinary pencil, every aspect of the production and marketing process is designed to maximize profits and to minimize costs.
Most pencils are relatively low-cost, low-investment items -- a consumer does not give much thought to a pencil, other than functionality and price. "These days, typical yellow writing pencils and children's coloring pencils are generally considered to be a commodity. That is, one product from one producer is more or less considered by the customer to be as good as another, just like corn from one farm is more or less the same as corn from another farm" (Economics of pencil-making, 2012, Studio 602).
Most consumers do not have a 'favorite' brand of pencil.
A. Economies of scale: For a pencil, the profit occurs through manufacturing at an economy of scale, rather than making…… [Read More]
Manufacturing Hope & Despair: The school and Kin Support Networks of U.S.-Mexican Youth."
Stanton-Salazar's article on Mexican youth focuses on the plight of Mexican-American high school students and their experiences and views of the world, including their building of social networks (Hill, 2001). The author emphasizes the importance of diversity and empowerment among students in high school and later in life. Mr. Stanton-Salazar collected data from a San Francisco survey and a second survey of students collected in San Diego, which both incorporate qualitative and qualitative research (Hill, 2001).
Stanton-Salazar examines the views Mexican high school students have of there social networks as a side effect of race, gender and class among working-class youths (Hill, 2001). One point he argues is that social networks are typically seen as the way in which students integrate in school, and social networks typically form regardless of a student's race, class and gender…… [Read More]
Only by taking into account these factors and planning ahead for them will the ethical and privacy implications of these innovative new technologies be managed transparently. The focus on accountability and ensuring each workflow throughout a manufacturing operation is abiding by governance requirements is essential for protecting customer, company and supplier data. Too often manufacturers become too enamored with technology alone and forget to see the broader ethical and privacy implications of their decisions to invest in data-centric initiatives. The hard reality is that the more data-centric an initiative is the more oversight it requires to ensure ethicacy and clarity, and most of all to protect the data that is literally moving unprotected throughout production processes literally 24 hours a day.
How Information Technology Affects an Organization's Strategic Position
The collection of nascent technologies mentioned by Columbus (et.al) in the recent Forbes article taken together act as accelerators across all…… [Read More]
INTENET-BASED MANUFACTUING SYSTEM.
Design internet-based manufacturing system for the oversea small manufacturing companies
Global competitions and rapid changes in the customers' requirements are forcing the manufacturing companies to adopt the Information Technology (IT) for the production and the configuration of manufacturing process. With the increase in demand for more specialized products, the traditional mode of production is no more capable to meet the customers' requirements. In the present competitive market environment, more customers are increasingly demanding for custom designed products within the short time. ecently, there have been rapid changes in the manufacturing paradigms where many manufacturing companies have started to adopt new enterprises strategy to remain competitive in the present international volatile markets. To be competitive in the present volatile markets, some organizations have started to adopt the concepts such as virtual enterprises, agile manufacturing etc. (Tian, Yin, & Taylor 2001). Virtual enterprises have become the most advanced and…… [Read More]
1. As the consultant, create an argument that you will present to the CEO that suggests accounting and financial management knowledge and skills will be essential to the company’s success and stability over the next five (5) years. Provide support for your argument.
As a consultant to the Chief Executive Officer (CEO) of Durango Manufacturing Company, I have established that the firm has a weakened pecking order in terms of accounting and financial structure, lack of proper segregation of duties, lack of properly delineated responsibilities, lack of highly trained and proficient medium level and high level managers. Accounting and financial management knowledge and proficiencies will be pivotal to the success and stability of the corporation over the next five years.
The first individual within the structure is the accounting manager or controller. This position usually deals with responsibilities for all activities associated with accounting. These duties more often than not…… [Read More]
Internet site, Mission, Description iordan Manufacturing Virtual Organizations. Also incorporating mimimum: -existing sales marketing systems. -H systems.operations logistics iordan Manufacturing.
iordan Manufacturing is an important player in the plastics material industry. As subsidiary of the parent company iordan Manufacturing Industries, iordan Manufacturing employs an estimated 550 individuals. iordan Manufacturing generates an estimated $46 million in annual revenues, and the larger group, iordan Manufacturing Industries generates an estimated $1 billion in annual revenues, and is one of the Fortune 1000 enterprises.
iordan Manufacturing aims to attain and maintain a strong leadership position within the industry and would do so through the satisfaction of the customers' needs and wants. Emphasis in this endeavor would be placed on innovation and technologic development. This commitment is assumed by the company through their mission, as follows:
"The mission of iordan Manufacturing is to ensure that it remains an industry leader in the plastic…… [Read More]
The defects will be the concern of the local manufacturer and not that of the business. This, again, will mean savings on waste, labor and shipping. As a desirable consequence, outsourcing will boost the host country's economic condition by providing affordable products to the citizens. This enhances consumer spending (Marie).
Outsourcing manufacturing, however, encourages dependence on the outsourcing partner (Marie, 2010). This is a disadvantage on the side of the contractor if the partner goes out of business. Fortunately, this can be offset if the parts for manufacturing are distributed to different contractors and all the elements sent to a final contractor to assemble the finished product. Cost and time other disadvantages. Tests will require more time for fine tuning before distribution. These processes cannot be avoided. However, strategic planning with the right outsourcing partner may prevent or eliminate the risks of outsourcing manufacturing internationally (Marie).
Ethics and Social Responsibility…… [Read More]
Strategic Importance of Outsourcing in U.S. Manufacturing Company
An increase in market competitions, decision to lower production costs and shortened time to market are the driving forces that make a large number of manufacturing companies adopting the outsourcing policy. Outsourcing is the management policy of allowing the third party external providers to take up the activities of non-core activities of an organization to make firms focusing on the core businesses. In the contemporary global business environment, firms are required to produce the innovative products, and developing a new strategy to increase profitability, outsourcing has become a new business technique that firms employ to remain competitive. Thus, outsourcing helps manufacturing companies to lower costs and remain competitive in the fiercely competitive business environment. However, there is an ongoing debate that outsourcing decision can be detrimental to organization business advantage.
The objective of the essay is to explore the benefits and shortcomings…… [Read More]
EP related job?
Analysis of responses received for
How does your level of job difficulty compare after EP to before EP?
Analysis of responses received for
How many hours of training did you receive on EP?
Analysis of responses received for
Which of the following processes does your job include?
Analysis of responses received
How valuable was your EP training?
Analysis of responses received
Were you performing your current job prior to EP?
Analysis of responses received for
How long were you in this job role prior to implementation of EP?
Analysis of responses received for
Did the responsibilities of your job increase or decrease after EP?
Analysis of responses received for
Question 9. Has EP helped or hurt your ability to perform your job?
Analysis of responses received for
Question 10. How does the number of steps required to perform your job compare after EP to before EP?
Analysis…… [Read More]
EMS in Manufacturing
Most sizeable manufacturing facilities have an Environmental Management System (EMS) for normal daily use during production and when an environmental issue arises. However, Environmental Management System needs regular updates with process changes when they occur. The corporate Health & Safety manager is usually responsible for the Environmental Management System and its implementation. In most cases, the costs associated with developing and updating EMS can be significant. Generally, an EMS is defined as a structured framework for managing the significant environmental effects of an organization, especially a manufacturing facility. The system has some advantages and disadvantages, which influence decisions on whether manufacturing facilities should have them regardless of their sizes and capacity given the substantial costs involved.
Pros and Cons of EMS
An EMS is crucial for handling the substantial environmental impacts of organizations, particularly manufacturing facilities, regardless of the variance in these effects across organizations. As previously…… [Read More]
VD industry, located in Singapore, offers manufacturing services of components for the auto industry in both GM in the U.S., Europe and other U.S. automakers. In the recent past, this industry expanded in the exporting its products to GM in China. This illustrated a massive growth in terms of marketing for its business. The VD industry operates as a three product divisional strategic businesses, located within the same business complex, which includes; electrical and energy, automotive parts and infotainment (Burnes, 2000, p. 15). As an external change consultant for the VD industry, several factors or assumptions based on the problems experienced by the industry develops acting as an aid in boosting the growth of the company at a much higher scale. Several assumptions emanate from the group level, individual level and the organizational level of the VD industry, thus, the need to develop ideas, which in turn helps in improving…… [Read More]
What is meant by a "risk-based approach" to GMPs?
What is meant by a risk-based approach to Good Manufacturing Practices (GMPs) is that the Food and Drug Administration (FDA) is undertaking a program and enterprise to make use of a science-based risk management and incorporated quality systems method to pharmaceutical Good Management Practices. In particular, this new-fangled attitude to GMPs planned by means of the science-based risk management tactic will institute a system that aids patients by guaranteeing product quality and offers backings to product obtainability. It is also a system that inspires scientific and inventive developments, and eliminates partiality that presently subsists in a number of areas. Most of all, it resolves decisions made by the FDA with those that manufacturers have to make regarding products, instead of linking GMP to a theoretical number of requirements (Pharma Technologist, 2005). The main purpose or fundamental perspective for undertaking…… [Read More]
downsizing on Manufacturing Industries
The amount of information on the effects of down sizing on manufacturing was not plentiful, however one main point that flows through all of the articles is that even though down sizing may be done to help a company it can end up hurting them in the long run. In the paragraphs to follow we look at the effects that downsizing has on people and companies as well as look at whether or not downsizing is truly the answer.
Parker (2003)eports that in 2003 the expected job losses among the manufacturing industries in Great Britain would create the effects of rising input costs and oil price increase on the job cuts; Downturn of the purchasing managers' index for manufacturing; Decrease in the rate of manufacturer's orders. So even though these cuts may be necessary he pointed out that it would have an overall negative effect.
The…… [Read More]
Superior Manufacturing Company
The case study of Superior Manufacturing Company is discussed in detail. Some key questions are tackled in this paper which is related to the case study on hand. The costing system is evaluated in detail and recommendations are suggested to the management for improving the performance of the company.
For Superior Manufacturing an effective costing system was absolutely essential because the changes that were made in the management structure. For two years consecutively two different managers were leading the team. They both were not familiar with the way the operations were taking place in the company and had different approached to dealing the situation. Another important aspect to consider is that the company is operating in a rigid nature of business. They are faced with fierce competition from players that are larger in scale than the company and have a sound financial backing to support…… [Read More]
e define a plant to have died if it is in the LRD in year t but absent from the Census in year t _ 5 and beyond" the authors state, in explaining the parameters of their research (Bernard & Jensen 2007, p.196). The authors of the study did not include plants with fewer than ten workers, and any industry whose products are categorized as not elsewhere classified leaving 236,000+plants to be studied. The plant's heterogeneity, balance of capital between foreign and domestic assets, skill level of workers, industry and geography were all classified and examined as variables in the research (Bernard & Jensen 2007, p.197). They found that, ownership by a U.S. multinational, or a recent ownership change, were associated with survival. The authors believed they could not conclude that multinational ownership alone conveys benefits to a plant in the form of increased survival and their results…… [Read More]
iordan Manufacturing, a company that is wholly owned by iordan Industries, a Fortune 1000 enterprise specializes in the field of plastic injection molding. The business is unique due primarily to iordan extensive knowledge and expertise with plastic moldings. Innovations in plastic and its uses have created greater demand for iordan products. Namely, innovations in bottling, auto manufacturing, and National Defense have created an environment for robust growth. Its products currently include plastic beverage containers produced at its plant in Albany, Georgia, custom plastic parts produced at its plant in Pontiac, Michigan, and plastic fan parts produced at its facilities in Hangzhou, China. iordan's major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers.
iordan's Manufacturing Initiatives
iordan forecasts production using an average of the past three years sales. The average is used to help eliminate excessively low or high volumes of…… [Read More]
iordan Manufacturing Human esources Information Systems
The iordan Manufacturing is an organization that produces the plastic injection molding, and the management decides to take an advantage of the state of art technology to combine a variety of tools into a single application to develop the HIS (human resources information systems). However, the organization needs to develop application architecture, process design, and system security for an effective implementation of the system. This document discusses the system design and system security for the iordan HIS.
iordan Process Design and Application Architecture
The paper will use the web-based application for the application development based on the benefits that H department will derive from the system. Availability is one of the benefits of the web application because it can be accessed through the internet by multiple users at the same time. The three-tier architecture will be used to design the web-based application, which includes…… [Read More]