is the yardstick/means of setting standards in order to 19. assess, predict, specify and evaluate productivity. Productivity Customer Quality O Management
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- When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so sure. Marge Brygay was a hardworking sales rep for Inspire Learning Corporation, a company intent on becoming the top educational software provider in five years. That newly adopted strategic goal translated into an ambitious, million-dollar sales target for each of Inspire's sales reps. At the beginning of the fiscal year, her share of the sales department's operational goal seemed entirely reasonable to Marge. She believed in Inspire's products. The company had developed innovative, highly regarded math, language, science, and social studies programs for the K— 12 market. What set the software apart was a foundation in truly cutting-edge research. Marge had seen for herself how Inspire programs could engage whole classrooms Of normally unmotivated kids; the significant rise in scores on those increasingly important standardized tests bore Out her subjective impressions. Bur now, just days before the end of the year, Marge's sales were $1,000 short of her million-dollar goal. The sale that would have put her comfortably over the top fell through due to last-minute cuts in one large school system's budget. At first, she was nearly overwhelmed with frustration, but then it occurred to her that if she contributed $1,000 to Central High, the inner-city high school in her territory probably most in need of what she had for sale, they could purchase the software and put her over the top. Her scheme would certainly benefit Central High students. Achieving her sales goal would make Inspire happy, and it wouldn't do her any harm, either professionally or financially. Making the goal would earn her a $10,000 bonus check that would come in handy when the time came to write out that first tuition check for her oldest child, who had just been accepted to a well-known, private university. Initially, it seemed like the perfect solution all the way around. The more she thought about it, however, the more it didn't quite sit well with her conscience. Time was running out. She needed to decide what to do. 1. Donate the $1,000 to Central High, and consider the $10,000 bonus a good return on your investment.Describe 9 features of a system for monitoring and evaluating the implementation of operational plans.The manager of a crew that installs carpeting has tracked the crew’s output over the past severalweeks, obtaining these figures:Week Crew Size Yards Installed1 4 962 3 723 4 924 2 505 3 696 2 52Compute the labor productivity for each of the weeks. On the basis of your calculations, what canyou conclude about crew size and productivity?
- Describe the meaning of the saying productivity is a relative measure ?a. What do we mean by productivity?b. What are the factors that drive productivity? Explain.answer all the questions below You have just been given the following production reports as a new manager of a company; January February March April Units Produced 230 1,800 2, 800 3,000 Hours Per Machine 325 200 400 320 No of machines 3 5 4 4 What percentage of production is February production? If you are to forecast for May using four month simple moving average, what would be your forecast Determine the average productivity unit for the first three months. Determine the average productivity units per machine.
- answer all the questions below and show each and every woorkings You have just been given the following production reports as a new manager of a company; January February March April Units Produced 230 1,800 2, 800 3,000 Hours Per Machine 325 200 400 320 No of machines 3 5 4 4 show working and formulars used What percentage of production is February production? If you are to forecast for May using four month simple moving average, what would be your forecast Determine the average productivity unit for the first three months. Determine the average productivity units per machine.Inghams’s Pizzas is a chain of pizza stores. Pizzas are made fresh in-store, and then delivered tocustomers by a fleet of drivers. The senior management team has identified the strategic priorities forthe business as on-time delivery and product quality.Required:a) For each of the strategic priorities, suggest three performance measures. b) If the company is successful in achieving challenging targets for these performance measures, willit also necessarily achieve high profitability? Explain your answer.Balanced Scorecard Maloney Corporation manufactures plastic water bottles. It plans to grow by producing high-quality water bottles at a low cost that are delivered in a timely manner. There are a number of other manufacturers who produce similar water bottles. Maloney believes that continuously improving its manufacturing processes and having satisfied employees are critical to implementing its strategy. Required: a. Please create a vision and mission for Maloneys that makes sense for them . b. Please identify, clearly and in your own words, what the Balanced Scorecard measures and its four perspectives . c. Please identify 3 key performance measure (applicable to Maloney Corporation), as well as their corresponding measures and targets, for each balanced scorecard perspective.
- The manager of a crew that installs carpeting has tracked the crew's output over the past several weeks, obtaining these figures: Week Crew Size Yards Installed 1 4 96 2 3 72 3 92 4 2 50 5 3 69 6 52 Compute the labor productivity for each of the weeks. On the basis of your calculations, what can you conclude about crew size and productivity?As part of a study for the Department of LaborStatistics, you are assigned the task of evaluating the improvementin productivity of small businesses. Data for one of thesmall businesses you are to evaluate are shown at right. The dataare the monthly average of last year and the monthly average thisyear. Determine the multifactor productivity with dollars as thecommon denominator for:a) Last year.b) This year.c) T hen determine the percentage change in productivity for themonthly average last year versus the monthly average this yearon a multi factor basis.+ Labor: $8 per hour+ Capital: 0.83% per month of investment+ Energy: $0.60 per BTU(b) Productivity is related with outputs and inputs. i) List ONE example of outputs and inputs each. ii) Derive the productivity Equation using outputs and inputs