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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?
Describe in some detail the importance you place on ethics and management. Is it important? If yes, why? Is ethics training a futile process? If yes or no, why? Provide a web link to a company that in your opinion is approaching ethics and management..
After developing an ‘operational definition’ of ‘service quality’, create four questions for a survey of service quality. In one paragraph, describe what you learned in this process.
company wants to forecast demand using the weighted moving average.
A bottle-filling process has three opportunities for success or failure the amount of product put into the bottle; the correct assembly of the lid; and the correct application of the bottle label. Find the defects per million opportunities (DPMO) giv..
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Every organization, irrespective of its size or ownership pattern, has to manage its finances. The overall objectives of an organization cannot be achieved in the absence of financial management. Explain how you would attempt to analyze the financial..
The soy milk of Assignment 1 is now bottled and ows out of the production plant at a constant rate of 150lb/hr. The bottles each contain 0.5lbs soy equivalent of milk and all ow into a packaging facility annexed to the plant where they are shipped to..
You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street sweeper accident. In the trial, doctors testified that it will be five years before the plaintiff is able to return to work. The jury has already dec..
Reyna is the marketing director at a large accounting firm in New York City. The CEO has asked her to update the company’s current marketing plan to reflect changes in technology, competitors, and new customer acquisitions through the marketing mix c..
Select a business with which you are familiar. Develop a strategic vision and strategic objectives for the business. Share your company’s vision and objectives with your class. How do your vision and objectives communicate the company’s aspirations t..
Total Quality Management (TQM) is a bottom-round management philosophy, in that workers who actually do the work are the ones responsible for quality improvement initiatives. Waiting time in queue increases exponentially with the coefficient of varia..
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