Unit 4: Facility Design

Unit 4: Facility Design

Begin your post with the label: Unit 4: Facility Design. Research the following topics related to Facility Design: Capacity Economy of Scale Layout Cycle time FMS Unit 4: Facility Design   Capacity Capacity refers to the maximum output rate or level of a facility or organization. It indicates the maximum units that can be optimally produced given the available resource. Capacity planning is often conducted in order to determine the optimal output rate in a certain facility. Capacity can be divided in two categories namely: design capacity and effective capacity. Design capacity shows the output rate in ideal conditions while the effective capacity shows the maximum output rates under normal or realistic conditions. Economy of Scale This refers to the cost advantages that organizations may gain as they increase in size or as their scale of production increases. In most cases, the cost per unit of goods produced falls as the scale increases. The reason for this is that the organization’s fixed costs remain relatively the same with...
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Service Design discussion topics:Specification, Blueprint,Queue,Goods, Phases

Service Design discussion topics:Specification, Blueprint,Queue,Goods, Phases

Research the following topics related to Service Design: Specification Blueprint Queue Goods Phases Product Design Specification generally refers to production requirements. Specification stands for operational or technical requirements that that may either be internal or external (Baxter, 1995). Specification can also be defined as requirements that ought to be satisfied by design, material, or final product. Product specification is related to meeting of requirements that related to design, material, and product. Specification may also relate to the technical standards of a product. The core purpose of a design specification is to anticipate problems or issues that may cause a product to fail and to establish critical design targets that could avert such a failure. A product’s success is determined by four critical things which include: whether the product will sell, whether it will work as expected, when it can be made, and lastly whether it complies with outlined legal obligations. Blueprint Blueprint in service design gives a critical look at individuals and their service...
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Lean Systems  topics:JIT,Lean Production ,Kanban, Kaizen, Poka-yoke

Lean Systems topics:JIT,Lean Production ,Kanban, Kaizen, Poka-yoke

Instructions Research the following topics related to Lean Systems: JIT Lean Production Kanban Kaizen Poka-yoke Lean Systems   JIT Just-in-time (JIT) is a management philosophy whose origins can be traced to Japan in the 1970s. JIT philosophy establishes six crucial aspects to consider in the manufacturing process. The six aspects are important in improving efficiency and effectiveness in the production process and include: having the right items, having the items at the right quality, right quantity, right place and right time (Cheng, Podolsky, & Jarvis, 1996). The use of the management philosophy is attributed to improved production process. The major areas of improvement include: improved communication, productivity, reduction in costs & wastes, high quality products, and efficiency in production process. JIT philosophy has certain unique characteristics that enables businesses achieve the aforementioned improvements. First, the management philosophy calls for demand driven production. Second, it advocates for the least possible time lapse between receipt of materials, processing, and moving the products to consumers. Third, it ensures...
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Quality Management and Lean Systems Paper

Quality Management and Lean Systems Paper

Instructions Examine the business concepts of quality management and lean systems: Quality Management 1. Dimensions of Quality 2. Cost of Quality 3. Six Sigma 4. ISO 5. Quality tools Lean Systems 1. JIT 2. Lean Production 3. Kanban 4. Kaizen 5. Poka-yoke Quality Management and Lean Systems Paper Dimensions of quality There are a total of eight dimensions of quality which are employed in quality management. The first dimension of quality is performance. Performance concerns the primary operating characteristics of a particular product. The second dimension is features. This refers to the extra characteristics of a product that add to its appeal. The third dimension is known as reliability which refers to dependability of the product in terms of performance. Conformance is the fourth dimension of quality. This refers to the degree to which the product meets outlined standards. The fifth dimension durability which relates to the product life. Serviceability is the next dimension which refers to several aspects of product maintenance. The seventh dimension is aesthetics which refers to the kind of feelings the product...
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Eyeglasses for the Poor’s Internal Controls

Eyeglasses for the Poor’s Internal Controls

Eyeglasses for the Poor’s Internal Controls   It is mandatory for every serious organization to have internal control policies and procedures written down to safeguard the organizations interest. Internal controls are well-stated financial management practices which organizations use to prevent misuse and misappropriation of its assets which may occur through theft or embezzlement. Eyeglasses for the poor should put in place a policy that requires more than one person to sign for the receivables from the donors; this will make it very difficult to steal from the organization because if a loss occurs then the signatories will be held accountable. It is also essential to conduct fixed asset inventory annually so as to reconcile the assets on the ground and those in the books which is a good way to keep track of the inventory moving in and those moving out (Finkler et al., 2013). Read also: Economic Order Quantity Management should encourage reporting of any suspected wrongdoing by ensuring that they protect whistleblowers...
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Economic Order Quantity

Economic Order Quantity

Economic Order Quantity If the cans were all ordered at the beginning of the year, the total inventory cost would be higher. Total inventory cost for cans ordered periodically adds up to $12, 0774.6 while the total cost of total inventory ordered at the beginning of the year is $15,020. There are certain benefits as well as drawbacks in using the Economic Order Quantity concept to determine optimal stock levels. One of the benefits of EOQ is that it reduces inventory levels and consequently stock holding costs. EOQ analysis provides business owners with information about the most economical quantity of stock they should purchase. Another benefit of the model is that it is specific to the business and hence of great use to the business. EOQ encourages businesses to purchase stock in large quantities which enables them to obtain large quantity discounts. Lastly, it encourages more efficient production planning since orders follow a similar sequence (Finkler et al., 2013). On the flip side,...
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Discuss Dimensions of Quality,Cost of Quality,Six Sigma,ISO,Quality tools

Discuss Dimensions of Quality,Cost of Quality,Six Sigma,ISO,Quality tools

Discuss 1.Dimensions of Quality 2.Cost of Quality 3.Six Sigma 4.ISO 5.Quality tools Operation Management Dimensions of quality There are a total of eight dimensions of quality which are employed in quality management. The first dimension of quality is performance. Performance concerns the primary operating characteristics of a particular product. The second dimension is features. This refers to the extra characteristics of a product that add to its appeal. The third dimension is known as reliability which refers to dependability of the product in terms of performance. Conformance is the fourth dimension of quality. This refers to the degree to which the product meets outlined standards. The fifth dimension durability which relates to the product life. Serviceability is the next dimension which refers to several aspects of product maintenance. The seventh dimension is aesthetics which refers to the kind of feelings the product evokes upon users. The last dimension of quality is perceived quality which refers to attributable quality of a product by consumers (Griffin, 2015). Six Sigma Six Sigma refers...
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Investment Decision Analysis   scenario for Duncombe Village Golf Course

Investment Decision Analysis   scenario for Duncombe Village Golf Course

Investment Decision Analysis   scenario for Duncombe Village Golf Course   Table 1.1 Excel table showing the NPV and IRR   The net present value expected from the investment amounts to $161,816.27. The net present value gives the projected difference in present value of cash inflows, and the expected present value of cash outflows (Maher, Stickney, & Weil, 2012). If the figure of the net present value obtained is positive, then this is an indication that projected earnings associated with a project exceed the projected costs of the same. The net present value concept dictates that firms should only invest in those projects that give positive net present values. From the analysis, Duncombe Village Course should purchase the new equipment since there will be positive returns from the investment. From the analysis, it is possible to determine the profitability index. The profitability index of the investment can be obtained by dividing the obtained figure of the present value of inflows by the initial cost of...
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Allocation of Costs analysis for Jump Hospital

Allocation of Costs analysis for Jump Hospital

Allocation of Costs analysis for Jump Hospital PUBLIC ADMINISTRATION PAPER According to Isai, V. et al. (2014), cost allocation refers to the assignment of a shared cost to numerous cost objects. The cost allocation or spreading the cost can range from departmental rates to plant-wide rates, from machine hours to direct labor hours. Lastly, the allocation of costs can use activity based costing as a method of spreading the costs. According to Finkler, S. A. et al. (2013), The Activity Based Approach (ABC) allocates manufacturing overheads in a more logical manner compared to the traditional approach. The main objective of the cost allocation is to assign the costs based on the root causes of the mutual costs instead of simply disseminating the costs. Jump Hospital presently apportions all maintenance department costs on the basis of departmental square feet.  However, there is a suggestion by the manager of the pharmacy department to use the ABC approach for the apportionment of the maintenance department costs...
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Public financial Management-Research paper

Public financial Management-Research paper

Public financial Management Public officials play a critical role in budget allocations. The main aim of a public official is to allocate available funds in a manner such that the general public receives the greatest benefits from the application of the funds. The public sector must ensure that scarce resources are allocated in a manner that optimizes their usefulness. It is imperative for public officials to take into consideration the preferences of the local citizens while making budget allocation decisions. In order for growth to be achieved at the local city levels, fiscal resources must be managed in a prudent manner so as to support market-led growth. Budget allocation plans should satisfy three key elements: responsiveness, responsibility, and accountability. Responsiveness of budgets relates to the level in which the allocation of budgets matches the publics’ expectations. Responsibility is achieved when budget allocation is conducted in an efficient and equitable manner, with minimal risks being involved. Accountability relates to the level in...
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