Reference no: EM131388134
Managing Quality
Chapter ObjeCtives
By the end of this chapter, you will be able to:
• Discuss the various definitions and dimensions of quality and why quality is important to operations and supply chains.
• Describe the different costs of quality, including internal and external failure, appraisal, and prevention costs.
• Describe what TQM is, along with its seven core principles.
• Calculate process capability ratios and indices and set up control charts for monitoring continuous variables and attributes, and describe the key issues associated with acceptance sampling and the use of OC curves.
• Discuss some of the important issues associated with managing quality across the supply chain.
Managing Capacity
Chapter ObjeCtives
By the end of this chapter, you will be able to:
Explain what capacity is, how firms measure capacity, and the difference between theoretical and rated capacity.
Describe the pros and cons associated with three different capacity strategies:lead, lag, and match.
• Apply a wide variety of analytical tools for choosing between capacity alternatives, including expected value and break-even analysis, decision trees, and learning curves.
• Apply the Theory of Constraints, waiting line theory, and Little's Law to analyze and understand capacity issues in a business process environment.
Above is the catalog of chapter 5, and 6 , this is a discussion, next is Description:
Please view the following videos on Quality and Capacity:
https://www.youtube.com/watch?v=giqYYjwX7Jc
https://www.youtube.com/watch?v=IlFZ4mrkSz0
Use elements from chapters 5 & 6 to formulate a thought provoking discussion thread, making an argument either in favor or against the function of these defined attributes. Take a position on your discussion, offering the reader either positive or negative outcomes to operations and supply chain functions based on the uses of quality and capacity.
|
Information systems play in the payment process
: In your own words, what is the role that information systems play in the payment process? Minimum 2 paragraphs.
|
|
Explain what is the judgment
: The bank returned Benito's $7,600 check to Steven because of insufficient funds in Benito's account. Steven brings an action against Jose´ to recover the automobile. What is the judgment? Explain.
|
|
Financial statements of the two companies in pair
: Examine the financial statements of the two companies in your pair. Most ratios are computed by the websites. If you need any ratio that is not available, you can do your own computation. Compare their ratios, and see if you can identify any trends..
|
|
Understand shock to aggregate demand
: Why the distinction is important to understand the shock to aggregate demand? Belgian students working in the UK at companies like Starbucks are unhappy with the Brexit vote and transfer their bank balances to Brussels. As a result, there is an incre..
|
|
Discuss the various definitions and dimensions of quality
: Discuss the various definitions and dimensions of quality and why quality is important to operations and supply chains.Describe the different costs of quality, including internal and external failure, appraisal, and prevention costs.Describe what TQM..
|
|
Financial options and weighted average cost of capital
: Determine two to three (2-3) methods of using stocks and options to create a risk-free hedge portfolio can be created. Support your answer with examples of these methods being used to create a risk-free hedge portfolio.
|
|
Explain who has title to the automobile
: While Charlotte was away, Ellen sold the car to Bob. When Charlotte returned from Florida, she sued to recover the car from Bob. Who has title to the automobile? Explain.
|
|
Can smith successfully sue brown and company
: Brown & Co. was unaware of ‘‘Brown's'' transaction with Smith. Can Smith successfully sue Brown & Co. for either the return of the gems or the price as billed to Brown & Co.?
|
|
Choose an investment philosophy
: What is your risk tolerance? Are you are speculative or long-term oriented? What is one interest/belief that you have related to investing?
|