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A good product design can be summed up as the standardization, simplification and sustainability of a concept. While creating a new product, the key is to make it do its job in the simplest way possible. By keeping things simple and standard, you eliminate complexity, manufacturing costs and maintenance costs. So the saying goes, Build a better mousetrap and the world will beat down your door. Think of a product that you have used that is poorly designed. What aspect of the design is poor? What concepts/ideas discussed in this chapter did the manufacturer fail to address? My example of a poorly designed product is my bathroom scale. The scale works great, however when the battery died I learned that the scale required a special “watch sized” battery. This type of battery was not only expensive (about $7.00), but also hard to find. I had to go specifically to Radio Shack to purchase it. I feel that this is a poor design in that the manufacturer could have used a standard battery (AA or AAA) in the battery compartment w/o interfering with the design. It is available all over, cost effective, and universal. Perhaps the manufacturer purposely chose this design hoping that consumers will just buy a new scale, rather than going through this hassle….something to ponder.
A furniture cabinet maker produces two types of cabinets that house and hide plasma televisions. The Mission-style cabinet requires #340 in materials and 15 labor hours to produce, and it yields a profit of $910 per cabinet.
Identify several sources of errors as a student, employee, business owner, or in your personal life. Develop/discuss some Poka-Yokes that might prevent them
What is the probability that Lynn will have more than $1 million in her retirement fund when she reaches age 60?(psitarget(f35,1000000))
what decisions would be made based on that analysis. Then, explain what requirements are and how they will be used.
What is lean manufacturing/production and lean system across the organization.
Trax is a small us based toy manufacturing company that has outsourced most of its production to China. Up to this point the firm has only marketed its products domestically, but it is now interested in expanding into Asian and South American markets..
Mitts Cosmetics Co.'s stock price is $45.54, and it recently paid a $1.75 dividend. This dividend is expected to grow by 30% for the next 3 years, then grow forever at a constant rate, g; and rs = 15%. At what constant rate is the stock expected to g..
You are an IMF official who will be soon visiting a country whose exports earnings are not able to pay for imports. The government has requested a loan from the IMF
identify the strategies for entering into the global market. assess the strengths and limitations of each. give an
Research creditable sources and generate a report on one of the following topics: Sending Mixed Signals: When Nonverbal Messages Conflict with Verbal Communication within the Same Dialog, Gender Differences: Workplace Communication Styles Exhibited b..
Identify three (3) different strategic controls that a company should implement, and describe how each control will help the company stay on track with the implementation of its overall strategy.
Suppose Router borrowed 20% of its capital at a 7.6% rate, then borrowed an additional 20% at a higher rate, bringing its debt up to a total of 40% of capital. If it did this, would it end up with an average cost of debt that is lower than if it had ..
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