i. Apply the value addition model to a product of your choice. ii. Illustrate the application of optimization to any value addition to an organisation.
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Required:
i. Apply the value addition model to a product of your choice.
ii. Illustrate the application of optimization to any value addition to an organisation.
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Solved in 4 steps
- What is meant by process optimization?a. distinguish between systems design and systems quality. what challenges are there? b. describe the relationship between design capacity, system capacity, and actual output. how can you ensure a projected output is within the boundaries of the design capacity and system capacity?JYP is a hypermarket chain that operates throughout China, with 25 locations and 800 employees ranging from store workers to the CEO. JYP I operates in a very competitive environment with numerous other companies. As a result, improving performance is vital in order to achieve the goal of being the number 1 hypermarket chain in the country. The goal must be met while taking into account the relatively high worker turnover rate in this area. a)Explain how the Maslow Hierarchy of Needs application may be of use at JYP. b)Explain the application of Performance Management System at JYP.
- 6.1 Read the following mini case study and answer the question that follows: Pizza Egoli (Pty) Ltd has eight outlets in Gauteng. All these outlets are owned by the company. Decisions are centralised and are made by the original founder of the business. All outlets use wood fires when making the pizzas. However, due to clients complaining about the time that it takes to make the pizzas, top management has decided to completely revise the processes in the outlets – from ordering the pizzas to receiving the final product. This meant that at least two employees per outlet will lose their jobs as new types of skill will be required in the outlets. Suggest a change process to the Top Management of Pizza Egoli (Pty) Ltd that will ensure that the outlets are managed successfully.DESIGN or DRAW a high level “as-is” process diagram depicting how a trade would be made, under "Manager Investment Strategist in Finance department involved in Broker business". The diagram should be for the model showing the bands, process flows, roles, decisions and/or cross functional interactions required. As a swimlane diagram.Heath Production manufactures chairs. Several weeks ago, the company received an inquiry from Rose Limited. Rose wants to market a foldable chair similar to one of Heath’s and has offered to purchase 12 000 units if the offer can be completed in three months. The cost data for Heath’s foldable chair is as follow: Direct material $16.40 Direct labour (0.125 @ $36 per hour) 4.50 Total manufacturing overhead 20.00 Total $40.90 The normal selling price of Heath’s foldable chair is $51.00. However, Rose has offered Heath only $31.50 because of the large quantity it is willing to purchase. Rose requires a modification of the design that will allow a $4.20 reduction in direct material cost. The production manager of Heath notes that the company will incur $8400 in additional setup costs and will have to purchase $5800 special equipment to…
- The definition of a system model, and what it is. In developing elementary versions of a product, what considerations must be made?Could you show me the equation and breakdown of this, that I could understand? Particulars Amount Units Produced 5,000 Total production cost 290,000 Fixed cost 30,000 Total variable cost 260,000 Variable cost per unit $52Multiple choice: 16. Ataphic technique for defining the relationship between customer desires and product/service is A. the moment of truth B. the assembly drawing C. Product Lifecycle Management D. the House of Quality E. the product development team 17. Which of the following product development strategies has the highest risk? A. acquiring the developer B. alliances C. new internally developed products D. joint ventures E. purchasing technology
- What Is process planning?Perform a "product-by-value" analysis on products A, B, C, D, and E: Unit Contribution Total Contribution A $0.75 $63,000 Products B $0.33 $82,000 C D $1.25 $0.85 $95,000 $115,000 Arrange the products in descending order of their individual dollar contribution to the firm: E $0.75 $57,000 Arrange the products in descending order of their total dollar contribution to the firm: Based on the "product-by-value" analysis, which products are the 3 lowest in total dollar contribution and therefore possible candidates for replacement? should be investigated for replacement.What is the role of the operations function in product design?