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

OWNERSHIP, YOU company has decided to acquire a piece of equipment and is c...

YOU company has decided to acquire a piece of equipment and is consi or leasing the asset that you plan to use for 4 years. you have the following: Purchase price:$10million Deperc

Financial Engineering Assignment, Dear Sir/Madam, I have an assignment for...

Dear Sir/Madam, I have an assignment for my financial engineering class, which contains 19 different questions, and is due Monday 11 a.m. Can you please tell me if you have someon

Discuss the importance of financial restructuring, Question : (a) "Risk...

Question : (a) "Risk of diversified portfolio is much lower than the risk of less-diversified portfolio" - What is the relevance of this statement to corporate finance manager

The credit term "2/45 net 90" indicates, Ask questThe credit term "2/45 net...

Ask questThe credit term "2/45 net 90" indicatesion #Minimum 100 words accepted#

Calculate each partys net borrowing cost, Question: A U.S company has a...

Question: A U.S company has a liability of € 10 million in fixed rate loans outstanding at 6%. A German company has a $15 million Floating Rate Note outstanding at LIBOR. The e

Have mergers affected competition, Have mergers affected competition? ...

Have mergers affected competition? A: Federal Reserve data show that measured on the local level, where competition takes place, markets have actually experienced more bank

Finance, Source of short term finance

Source of short term finance

Compute the expected return, You have ten million dollars to allocate acros...

You have ten million dollars to allocate across two projects, code named 'Wombat' and 'Marmot.' Both projects are somewhat scalable, in that you could potentially invest as much (u

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