Discuss inventory turns and overhead costs

Assignment Help Operation Management
Reference no: EM131063398

Company profile and operating information

Our Health care organization (Prime Development Centre) believes that incline standards can be in fact, as of now are being effectively connected to the conveyance of social insurance. For the session long project, my company is Prime Developmental Center as the center of healing facility.

This clinic is situated on roughly 650 acres of land in California, opened in 1966 and presently serves roughly 360 individuals with intellectual and developmental handicaps, with around 180 in the general treatment range and 180 in the safe treatment program. PDC is one of four State-worked offices inside of the California Department of Developmental Services serving individuals with formative inabilities. In my healing centre, it provides 24-hour private administrations to people 18 years or more established who have genuine restorative and/or conduct issues for which suitable administrations are not at present accessible through group assets.

My company (PDC) is authorized by the California Department of Public Health to give general intense medicinal administrations, gifted nursing administrations, and transitional consideration administrations. People are conceded on referral by one of the 21 California territorial focuses. (taken from previous work)

Identify how your company uses inventory

What are three different inventories of products or supplies that the company maintains?

Determine the average value of the total inventory maintained by the company and how this compares to the annual gross income of the company. Discuss inventory turns and overhead costs if something is produced for inventory

What do you think is the total amount of inventory on average that is maintained in comparison to the annual income of the company?

What do you think are some key methods that your company could use to manage and track inventory, e.g. technology systems, and/or lean methods?

What are the key issues or problems with inventory, such as accuracy of inventory records, maintaining, storing, moving and controlling inventory, assuring quality from suppliers, getting on time deliveries, etc.

Discuss the key methods that the company uses or could use to manage and track inventory, e.g. technologies, methodologies, etc. And how does the company attempt to solve its inventory issues.

What are different kinds of quality? How is customer satisfaction different from product quality? How can you measure customer satisfaction? How is product quality different from process quality?

How do you measure product quality and process quality? What is process capability? Be sure to make a good argument for your position.

First Post: Enter your original response to this question. Support your response with evidence from the readings or other resources. It is not necessary to provide formal citations, but you should give the sources of your information.

Case: The Excellent Manufacturing Company and Quality Management & Six Sigma

Case Assignment

Analyze the quality situation in the processes that are used to produce the Plasti-Brack product line. Determine an appropriate plan for implementing a quality plan and improving the quality situation. Justify your plan and make recommendations regarding TQM and ISO9000. Write a report to the VP of Operations. Use the Report Template provided. Review Notes about Quality at EMC.

Assignment Expectations

- Use the information provided in the Background readings. It is not necessary to do any additional research.

- Review the notes about quality at the Excellent Manufacturing Company and become familiar with the various quality issues for the Plasti-Brack product line.

- Analyze the possibilities of doing process capability studies and implementing statistical process control. How would you implement these?

- How would a six sigma program be utilized in your area? How would you utilize certified Blackbelts and Greenbelts?

- Read the background readings about TQM and ISO9000 and determine your recommendations for the Plasti-Brack process and EMC in general.

- Determine a plan for implementing quality in the Plasti-Brack product line.

- Justify your plan based on the concepts of capacity management.

READ the information provided by the resources and references on the Background page. Understand the theory and concept of Quality management, process capability, process charting, TQM, ISO9000, and Six Sigma.

Study the information about the Plasti-Brack product line and its quality issues. Determine the current quality problems facing Plasti-Brack products. How can you use various quality tools to improve quality? What can you do to assist the new Quality Manager in implementing TQM, ISO9000, and/or Six Sigma?

Session Long Project

Continue using your fictitious company from the previous SLPs, and continue to develop the company profile and operating information. Identify how your company uses quality management. Identify different areas for quality measurement and management. What types of quality tools and techniques are the best to be employed, process control, quality tools, employee involvement?

Consider quality management programs such as TQM, Six Sigma, ISO9000, etc. How might these be employed, and which of these do you think are best for your company?

Assignment Expectations

- First discuss a recap of your company and add any additional information about it that will be necessary and/or interesting background to a discussion of quality and quality management.

- Identify at least three areas of types of quality focus, e.g. product quality, etc. Discuss these areas and explain why quality is important.

- What are some quality tools and techniques that can be used to chart, diagnose and improve quality in these three areas?

- Discuss the types of quality programs and recommend what you think is the best program or programs for your company to use and explain why.

Attachment:- Assignment.rar

Verified Expert

In this part of the assignment, the Quality management and Six Sigma of Prime Development Center are discussed. Word Count: 1336, Font Used: Times New Roman Font Size:12 pt Bibliography: Harvard

Reference no: EM131063398

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