Describe statistical control- product and services, Corporate Finance

Assignment Help:

This subject has a major individual assignment consisting of a number of tasks (parts). The assignment has been designed with the aim of providing you a practical application case for various quality planning and analysis tools and techniques that will be covered in the subject.

In the assignment, you have to apply these tools and techniques to a topic of your choice.

You have the following options to choose from:

i) design and production of a DEVICE (e.g. household devices, electronic devices, clothing and shoes, transportation equipment, etc.),

ii) design and provision of a SERVICE (e.g. travelling, education, hospitality, health care, etc.) or

iii) design and completion of a WORK (e.g. constructing a house, bridge or road, etc.)

It is entirely up to you what to chose. We do not have any preference for topic.

Part 1: Introduction

Write an introduction about your product or service including its key functions and characteristics.

Part 2: Customer Satisfaction  

2.1. Identify at least 10 stakeholders for your product or service  

2.2. Describe briefly at least 5 methods which can be used for capturing customer needs.

2.3. Apply one of the methods identified above and using the Kano analysis capture at least 25 customer needs (10 WANTs, 10 MUSTs, and 5 DESIRABLEs). You must demonstrate how you have identified those customer needs. You must include the actual data and information which doesn't need to be real data (it can be fictitious data). If you use other sources, make sure you do not breach the plagirism rules.

Part 3: Design Requirements

3.1. Translate all the 25 customer needs identified in the previous section into minimum 10 design requirements by using the QFD form posted on subject website at UTSOnline.

3.2. Pick the 5 highest scoring design requirements from the previous section (QFD form) and carry out a risk analysis using the FMEA posted on subject website at UTSOnline.

Part 4: Supplier Selection and Evaluation

4.1. Identify at least 10 major components, parts or sections of your product or service.  

4.2. Select one of the components, parts or sections identified above and list at least 10 criteria that could be used for selection of suppliers of that component, part or section.

4.3. Using the previously identified 10 criteria develop a complete supplier selection system. Apply this system to 3 suppliers using made-up data.

4.4. Write a report on the outcome of suppler selection process and provide an explanation for your choice.

Part 5: Statistical Process Control

5.1. Identify at least 10 processes that could be used to produce your product or to provide your service.

5.2. Describe briefly at least 5 statistical control charts that could be used for process monitoring.  

5.3. Make up a set of data (categorical or measurement data) collected over 15 units of time or batch intervals. Use the appropriate formulae and compute all the necessary calculations (e.g. CL, UCL, LCL, etc.). Plot the appropriate control chart for your data.

Part 6: Continuous Improvement

6.1. Identify 5 problems that could occur during the use of your product or service and list 7 tools that could be used for problem solving.

6.2. Select 1 of the 5 problems and apply at least 4 of the 7 tools identified above to rectify that problem.


Related Discussions:- Describe statistical control- product and services

Desccribe the determination of foreign exchange rate, Question 1: (a) ...

Question 1: (a) Show that the pricing of Eurocurrency deposits and loans leads to lower profit margin by Eurobanks compared to onshore banks. (b) What are the factors that

Portfolio, #Minimum 100 words accepted#

#Minimum 100 words accepted#

Marginal cost of ?rm at equilibrium, Problem: Firm 1 produces cars and the ...

Problem: Firm 1 produces cars and the total cost of producing q cars is given as C(q) = 2q 2 + 5q. a) Assuming the ?rm operates in a perfectly competitive market. Write down th

Hybrid paying method taxation and raising cash , Finance There are var...

Finance There are various ways of making a payment for M&A. Cash, stock-swap and combination of both. The hybrid paying method is commonly used method for most of organisations

What is in store for banking consolidation, What is in store for banking co...

What is in store for banking consolidation? A: Merger activity is a natural process by which companies make themselves more efficient and better able to compete for customers.

Review of Revenue, Review of Revenue This activity will require you to acc...

Review of Revenue This activity will require you to access at least a portion of the federal budget as well as a state, local and an agency budget. This can be done online. Howeve

Prepare a basic master budget, The first part requires you to prepare a bas...

The first part requires you to prepare a basic master budget. The general description is provided in Part A, in this document. However the data for the assignment is to be obtained

What is implied forward rate of interest, Problem (a) The yields to ma...

Problem (a) The yields to maturity on five zero-coupon bonds are given below:                    Years to Maturity                 Yield (%)

IRR & WACC, I have been given 3 different types of projects. They state th...

I have been given 3 different types of projects. They state the IRR and how much the project will add. The question goes on to give a WACC with break points. The question wants

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd