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

Homework Help, Please explain and help me with a homework question about pe...

Please explain and help me with a homework question about percent of sales method

form of repurchases, S5 Corporation is evaluating an extra dividend versus...

S5 Corporation is evaluating an extra dividend versus a share repurchase.  In either case, the total payout to the investors will be $10,000. Current earnings are $1 per share and

Capital structure, What the implications of the pecking order theory?

What the implications of the pecking order theory?

Determine the lease rate, Robert Shapprio Leasing CO (40% tax rate) I deter...

Robert Shapprio Leasing CO (40% tax rate) I determining leae rate for a number of equipment . it is allowed to use the following accelerated depreciation rate 3 years: 25%   38%

Describe the capital asset pricing model, Question 1: (a) Explain clear...

Question 1: (a) Explain clearly two semi-strong form tests of the Efficient Market Hypothesis (EMH), one supporting and one rejecting the EMH. (b) Summarise the evidence in

Explain in relation to the agency problem, "The agency theory concept was i...

"The agency theory concept was initially developed by Means and Berle (1932), who argued that due to a continuous dilution of equity ownership of large corporations, ownership and

Market-adjusted and two-factor models - event study, Market-Adjusted and Tw...

Market-Adjusted and Two-Factor Models - Event Study As mentioned previously, you can use several alternative models to calculate a security's expected return. The market-adjus

Endowment, #quOn Completion of her introductory finance course, Kieran was ...

#quOn Completion of her introductory finance course, Kieran was so pleased with the amount of useful and interesting knowledge she gained that she convinced her parents, who were w

What you understand by good corporate governance framework, Question: a...

Question: a) Explain what you understand by good corporate governance framework and its application to the local context. b) ‘The Borrower Protection Act 2007 was en

Assignment, 5. Produce a cash budget and determine the statement of externa...

5. Produce a cash budget and determine the statement of external financing required for NSP Inc. for the months of December and January using the following information: • NSP Inc.

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