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The US auto industry came to the brink of collapse in 2008 and has now revived with all the big three posting profits in 2012. One of the important observations of the new automobile industry and its new products is that these are now considered high quality cars, far superior to the old design and old style production. Toyota was the original manufacturer to use quality as a strategy to build up a business from almost nothing in the mid-50's to become the world's largest auto manufacturer in 2010. Founder Shinji Toyoda and his chief engineer Ohno developed the Toyota Production System to eliminate waste and build quality. They incorporated every aspect of Total Quality Management in their production at a time when American manufacturers claimed that quality was costly and TQM was too expensive to implement.
What are the aspects of quality versus cost in manufacturing strategy?
What is the optimal order quantity (select the closest number) ? From the previous problem, what is the total annual inventory cost of your policy (select the closest number)?
Daily usage of a part is 20 in a facility that operates 250 days of the year. Setup cost is $20 and annualized carrying cost is $210. Production of this part occurs at the rat
Using the information from our text and the lecture material on process management, explain how some of the tools described (e.g., flowcharts, histograms, etc.) can be used to
Houston has 850 air conditioners available each month, Phoenix has 650, and Memphis has 300. The shipping cost per unit from Houston to Dallas is $8, to Atlanta is $12, and
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This problem is based on an example described by Hartman (2007). Renesas Electronics is planning to expand a factory in which it makes ?ash memory. The factory can currently m
Ralph has been an investment banker with Shark and Co. for several years. One of his clients, Doggy Dan Co. wants to go public. Doggy Dan Co. is a major supplier of medical eq
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