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

Explain foreign exchange market, Question: a) Using illustrative and ...

Question: a) Using illustrative and numerical examples, differentiate between arbitraging and speculation in the context of foreign exchange market. b) One year borrowing

Describe the essential characteristics of money, Question: (a) Describ...

Question: (a) Describe the essential characteristics of money. (b) Keynes identified three motives for holding balances of money. (i) What are these three motives?

LEVERAGE, what will be impact on the operating leverage of a firm if it pr...

what will be impact on the operating leverage of a firm if it proceeds for additional borrowings

Procter and Gamble, Summarize the key statistics for the stock and the indu...

Summarize the key statistics for the stock and the industry (choose 8 items you believe informative, such as P/E ratio, market capitalization, dividend yield, ROE, sales etc.tion..

? The effect of incorrect recognition of revenue on, A? The effect of incor...

A? The effect of incorrect recognition of revenue on financial reportssk question #Minimum 100 words accepted#

Finance, Question 5 A company has a total investment of Rs 500,000 in asset...

Question 5 A company has a total investment of Rs 500,000 in assets, and 50,000 outstanding ordinary shares at Rs 10 per share (par value). It earns a rate of 15 per cent on its in

Sales and lost demand data, The total sales are not necessarily equal to to...

The total sales are not necessarily equal to total demand, since some demand may have been lost. For the case that lost demand is not recorded at all, Fisher et al. (2000) propose

Activity quota, A minimum level of sales-oriented activities that must be m...

A minimum level of sales-oriented activities that must be meet up by a salesperson in the given time period. An activity quota may need a salesperson to create a certain number of

Stock exchange, considering floatation on the stock exchange, produce a rep...

considering floatation on the stock exchange, produce a report explaining advantage of such a move

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