...BJB Stakeholder need BJB need of stakeholder will be determined by how the stake holder will have BJB product, also to analyze the product and their need. BJB will determine the quality of management approach that be fit for the company, they will also decide the role that the leadership is going to take in planning, developing and implementing the quality process that BJB will need. BJB will have the stakeholders having the needs and wants which will expect BJB to respond to everything that is requested for. To be able to keep the stake holder interested in the product, they must make sure they are engaged and interested in the products, because the stakeholders have different needs and wants. We will compile some information from BJB stakeholders and three points that were needed that will have the stakeholders interested in BJB products are (1) the market advantage of being the first company that will offer high end compact disc charger, which is also include the technology that is used in creating the disc charger the will better off than any other organization within the industry. (2) The stakeholder will agree that the financial aspect of today global market is going to play a vital role, Professor Ulrich Stager, said that many stakeholders do express their concern over a perceived no playing field with most firms that are operating in different part of the world (Stager, 2006). (3) BJB stakeholder do feel that it is necessary to create a dependable and durable...
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...Part I-III: BJB Manufacturing Company Quality Management Implementation Strategy March 31, 2013 MGT 420 Quality Management Initiative Proposal and Implementation Strategy According to BusinessDictionary.com (2013), the definition of a quality management system is “a system by which an organization aims to reduce and eventually eliminate nonconformance to specifications, standards, and customer expectations in the most cost effective and efficient manner” (Quality Management System (QMS)). BJB is proposing to implement a quality program that will help the business grow, keep costs minimal, and provide a high quality product. The quality program will focus on any changes that are identified, to go through any flaws that have happened, and take the appropriate action needed to improve the products that will help make the CD changers better. The ultimate goal is to be at the top of the chain as far as business goes. A good quality plan that will fit this type of business is important. This initiative proposal will determine what needs the stakeholders may have for BJB’s products, analyze the product and needs of BJB, selection of the quality management approach that will best fit, and describe the role of leadership in planning, developing, and implementing a quality process in BJB. The implementation strategy will review the juran theory used to develop the quality management system along with addressing quality issues, determining an...
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...Part I: BJB Manufacturing Company Quality Management Initiative Proposal MGT/420 October 24, 2012 Part I: BJB Manufacturing Company Quality Management Initiative Proposal As BJB Manufacturing is attempting to penetrate the new car and aftermarket segments of high-end compact disk (CD) changers, it has become increasingly important that a quality management approach is developed. This plan will outline the process that management will use in order to assure that BJB operates according to quality standards. In order to revise the current approach to production BJB Manufacturing should incorporate inductive reasoning and also several steps from Deming’s theories to quality management. For starters it is recommended that management ascertain quality requirements for new manufactures of CD changers. In order for BJB to become one of the leading CD changer producers a constancy of purpose need to be created with the intent to improving the quality of the compact disk changers that we provide. There are a few things to be done in order to obtain these goals stated above and become the premier producer of high-end CD changers. BJB Manufacturing need to obtain a quality supplier if quality products with a local distributer as too be able to keep a constant supply of goods without having to run short during production. There also needs to be a quality control process implemented prior to production and assembly. Stakeholder Needs for BJB Products BJB Manufacturing...
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...BJB Manufacturing Angelita Leyva MGT/420 JAnuary 28, 2013 Rita Foster BJB Manufacturing Reduction of Product Failure For management to fulfill its responsibility in reducing the number of product failures, management must provide resources and maintain a quality management system that will meet the requirement of customers. In evaluating defected materials or products HRM must provide and develop employees in inspecting each part entering the organization. BJB Manufacturing must plan adequately a high quality objective for each supplier’s product corresponding to fulfill cd changers. BJB must measure, analyze, and provide documentation that demonstrates a high quality product. In assisting, with this implementation of high quality BJB can use quality management systems, and continue to improve on the quality effort throughout the organization. Other tools that can help BJB in reducing product failure is by using statistical tools, customer satisfaction, measurement systems, internal audits, and provide the highest consideration for the consumer. Material and Labor Costs Organizational operational efficiency are budgeted through the labor cost per rate and that the employees works For example if an organizations average rate of each worker is ($12) per hour, but the organization needs experienced specialized employees the ($12) an hour average will increase to ($13) an hour or if the job takes longer the company will end up paying more money. The company may...
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...Table of Contents INTRODUCTION AND MAIN ISSUES 3 ANALYSIS 4 Qualitative 4 Quanitative 5 Breakeven Point (BEP) 5 Flexible Budget 6 Variances 7 RECOMMENDATION 8 Encourage, motivate, reward and recognize 8 Cellular Manufacturing System 8 Implement new accounting method 9 Extend the contract 9 ACTION PLAN 10 REFERENCES 12 INTRODUCTION AND MAIN ISSUES Danshui was a contract manufacturer that assembled electronic products for companies wishing to save labour costs by locating in southern China. Because of high demand for iPhone 4, Apple had contracted with Danshui to assemble iPhone in Plant No. 2. The contract need Danshui to assemble 2.4 million iPhone in the period between June 1, 2010 and May 31, 2011. Wentao Chen, manager of Danshui Plant No. 2 was worried because in the third month of the contract production was only 180,000 units per month. Suppose to produce 2.4 million iPhone its need 200,000 units per month. After preliminary budget has come out, the company loss of $672,000. The main issue of this case is the break contract between Danshui and Apple. The contract called Danshui to assemble 2.4 million in the period of one year, but Danshui only can produce 180,000 units per months. If Danshui still can produce that amount, it can’t reach 2.4 million in one year. This might happen because Danshui cannot find people to hire, even though they have raised wages by almost 30%. Another reason is they have problem with the...
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...then labour hours. Labour hours Machine hours Standard products (high volume) 2500 3500 Specialised products (low volume) 1500 3000 Total 4000 6500 Difference Budgeted labour rate 42,5 279500/6500=43 -0,5 Budgeted overhead burden 149,825 599300/6500=92,2 57,625 Total Cost 192,325 135,2 57,125 2) As known, the most commonly used allocation base in traditional costing is direct labor hours. We can also see this in the case. But at this point, we may face with some problems such that in this process overhead is increasing while direct labor is decreasing. There is an 1800$ increase whereas 46% increase in the overheads dramatically. Moreover, we see a variance and complexity in the production process. Tankmaster Manufacturing Company is producing to distinct products which are standard and specialised products. While, standard products have a higher labour hours/machine hours ratio (2500/3500), specialized products' ratio is (1500/3000). So, we understand that standard products use more labor force whereas specialized products use more machinery. This indicates that a plantwide overhead...
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...and Personal Computers. With the huge demand for their products, there comes an enormous responsibility for manufacturing the devices in a quick and cost effective matter. With the rapidly growing market of Apple computers and the technology/electronic industry as a whole, Apple eventually had to rethink how they manufactured their products to create the most efficient outcome; the highest revenue with the lowest cost. The competitive nature of the technology industry causes companies to look for a competitive advantage, which will make them much more profitable than their competitors. For the majority of the company’s history, they have been known to manufacture their products in the USA and even prided themselves with building the Macintosh computer which Steve Jobs described as “a machine that is made in America”. In 2004, when the company was not nearly as financially profitable as they are today, they decided their best option was to start manufacturing their products in other countries. The company, who is now a leader in foreign manufacturing, was lagging behind many American companies in terms of manufacturing abroad at that point in time. The majority of their foreign manufacturing takes place in Asia, specifically in China. In the New York Time’s article, “How the U.S lost out on iPhone Work,” Charles Duhigg described Apple’s move to foreign manufacturing from the words of a former Apple executive, “For Mr. Cook, the focus on Asia “came down to two things,”… Factories...
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...TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory Join Search Browse Saved Papers Home Page » Business and Management Steel Industries of Bangladesh In: Business and Management Steel Industries of Bangladesh STEEL INDUSTRIES OF BANGLADESH REPORT ON FOCUS The report “Bangladesh on its way of becoming self sufficient in rod production, export is also a possibility” by Shuvankar karmakar, that was analyzed here, was published in the Daily Prothom Alo, on 17th November, 2012. BACKGROUND Bangladesh Steel industry is emerging as one of the major industrial sectors of the country. It consists of small up to the largest scale of steel melting and re-rolling factories across the country that mostly produce deformed bar rod of different grade (40, 60, 500), angel, channel and coil for the construction industry. Though the history of Steel Industry is not older one but it can make a glorious future. Before 1971 Bangladesh did not have any steel mill and even after the liberation there were only a few steel factories in the country. In 1990s the actual development began in this sector through a revolution. During that period the building constructing agencies or developer companies came forward to build modern infrastructure. Then with the increasing demand, new investors started investing in steel or rod production. In 2012 we have almost 400 mills across the country including Dhaka, Chittagong...
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...AC1110568Assignment 01 In the early 1800 clothing was made by hand, families sewed their pants, shirt and dresses using a needle and thread. But in 1866 Elias Howe changed all that he came up with another way to make clothes. Elias Howe patented the first practical sewing machine this sewing machine make the industry come back on his original invention made it possible for man production of clothing on a much larger scale that ever been possible with hand stitching. The impact of the sewing machine on the economy is huge. Specifically the sewing machine greatly impacted the textile industry and women. Because women were the ones working in the textile mills they were the ones to use the machine, however some believed that this would infringe on their craft as skilled seamstresses. Others thought this to be a wonder and felt it freed them to pursue other things rather than sit home and sew clothes. In some way the women working with the machines gained a new skill, and were seen as important for the industry. The sewing machine allowed clothing to become a mass produced item which increased the social acceptance of the sewing machine. Besides the commercial sewing machine, the household machine became very popular when it became electric. If you had electric in your home you could have a sewing machine and it was even easier and faster than the hand powered models. The sewing machine also helped other industries grow, for example the need for large quantities of thread...
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...Reshoring and its’ effect on America Hideo Mera Webster University Abstract The paper is going to discuss the trend of reshoring and it effect on America. Reshoring is the action of a company to bring jobs back to the United States (US) that were once being done overseas. The trend has been happening a little bit over the years but has gained some steam over the past few years. Some of the reasons for this shift is that the low cost labor advantages that some countries had in the past is eroding due to inflation and other factors. Another factor is costs associated with the logistics of getting parts from overseas location to your market in the US. There are other factors to consider when it comes to reshoring such as innovation, diminished customization, and concerns of quality. All of these factors are reasons that reshoring is occuring and gaining steam. Reshoring Reshoring is when jobs that were once being performed overseas is being brought back to the US. This trend has been happening over last few years but in the last couple of years this trend has gained some steam because the cost saving that were once so prevelant overseas is no longer being realized now. The cheap labor force that existed isn’t as cheap as it once was. The areas of the world that supplied the cheap labor have risen the wages of their workers and the skill set that is required is no longer available. Another factor that there is to consider is the logistics of moving parts from overseas...
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...upgrade competitiveness. Government can influence each of the above four determinants of competitiveness. Clearly government can influence the supply conditions of key production factors, demand conditions in the home market, and competition between firms. Government interventions can occur at local, regional, national or supranational level. Chance events are occurrences that are outside of control of a firm. They are important because they create discontinuities in which some gain competitive positions and some lose. The Porter thesis is that these factors interact with each other to create conditions where innovation and improved competitiveness occurs To what extent can Porter's diamond help explain the choice of Taiwan as a major manufacturing site for Logitech? Porter's diamond considers four...
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...Transition by Maureen Metcalf Company Profile ‘One of the Most Admired Companies’ in its industry per Fortune magazine, Worthington Industries, founded in 1955, grew from humble beginnings to a multi-billion dollar metal processing company. Today, the firm employs 8,000 people in 67 facilities throughout 11 countries. The company’s success is credited to its customer-centered philosophy, based on the Golden Rule. This philosophy, in addition to an unwavering commitment to the customer, and one of the strongest employee/employer partnerships in American industry serve as the company’s foundation. Challenge and Vision With the continuing growth and diversification of Worthington Industries, inventories naturally grew as well. As with many manufacturing firms, inventory has a significant impact on revenue and cash flow. Maintaining inventories larger than necessary negatively impacts the bottom line. Thus, the firm wanted to gain better insight into their inventories and processes and increase their supply chain informationto a higher level of detail. The company had a vision of further improving the level of customer service, while using less working capital and inventory. In order to achieve this goal, every process that impacted supply chain management and inventory needed to be closely evaluated. Surfacing every issue that could be preventing the firm from providing better customer service—new processes could be identified and implemented. The goal for the company was to improve...
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...Finished Goods Inventory (Dec. 31) $13,900 The sales for Transcontinental Inc. during this year were $1,050,000 and a total of 4,800 units were completed during the year. Compute the following for the year: 1. Cost of materials used? _$197,300____ [Cost of Material Purchased + (Difference between Material Inventory Jan 1 - Material Inventory Dec 31)] 2. Factory overhead? ___$189,600____ [Depreciation – factory machinery + Small tools expense + Machine helpers wages + Miscellaneous factory expenses + Power – factory + Factory insurance expense+ Factory Supervisor Salary] …..All other costs are Administrative overhead and not Factory Overhead 3. Total manufacturing cost? $_555,200__ [Cost of Material Used + Factory Overhead + Direct Labor Cost] 4. Cost of goods manufactured? _$548,600___ [Total manufacturing cost + (Difference between Work-in-process inventory Jan 1 - Work-in-process...
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...of Just-In-Time Distribution (JITD) in the 1980’s as an alternative to Barilla’s traditional practice of delivering products to their distributors (Hammond, 1). Instead of distributing Barilla’s products based on the orders the distributors placed with the company, Barilla’s own logistics organization would determine the product quantities to distribute that would most effectively meet end-consumers needs. This in turn, would more evenly distribute the workload on Barilla’s manufacturing and logistics systems (Hammond, 1). Vitali hoped his innovative idea would solve the tremendous fluctuation that occurred from week to week in the number of Barilla dry products being ordered by the distributors. The extreme demand variability seriously strained Barilla’s manufacturing and logistics operations. Barilla’s highly automated manufacturing system was not designed to accommodate large fluctuations in demand nor, was it designed to accommodate sudden changes in demand or product. The manufacturing sequences of pasta production made it very difficult to produce particular types of pasta that had been sold out due to unexpectedly high demand. The temperature and humidity in the kiln had to be precisely specified for each size and shape of pasta and had to be tightly controlled to ensure that quality was maintained (Hammond, 3). This procedure limited the ability to rapidly shift production between different pastas. Different sizes of pasta were also made in different plants...
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...William P. Worth ACCC 560 EXERCISES & PROBLEMS Chapter One January 13, 2012 EX 1-5Ikerd Company is a manufacturer of personal computers. Various costs and expenses associated with its operations are as follows. The company intends to classify these costs and expenses into the following categories: (a) direct materials, (b) direct labor, (c) manufacturing overhead and (d) period costs. | | 1. | Property taxes on the factory building. D | 2. | Production superintendents' salaries. B | 3. | Memory boards and chips used in assembling computers. A | 4. | Depreciation on the factory equipment. D | 5. | Salaries for assembly-line quality control inspectors. B | 6. | Sales commissions paid to sell personal computers. C | 7. | Electrical components used in assembling computers. A | 8. | Wages of workers assembling personal computers. B | 9. | Soldering materials used on factory assembly lines. A | 10. | Salaries for the night security guards for the factory building. C | | | List the items (1) thru (10) for each item, indicate the cost category to which the items belong. Rapid Delivery Service reports the following costs ands expenses in June 2011 Indirect materials$5400 Product cost Drivers' salaries $11,000 Product cost Depreciation on delivery equip $11,200 Product cost Advertising$1,600 Period cost Dispatcher's salary $5000 Product cost Delivery equip repair$300 Product cost Property taxes on...
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