Manufacturing

have specific terminology. The TPS terminology in the house of Toyota Production System (HTPS) are: i. Just in Time ii. Jidoka iii. Heijunka iv. Kaizen. i. Just in Time: JIT – Just in Time’s objective is to reduce the in-process inventory by manufacturing or producing the production only when it is needed i.e. the activity of production occurs only when the order comes from the customer. The JIT works on the basis of…

hour) for direct manufacturing labor. 2. The inventoriable (manufacturing) cost per unit for 5,000 flanges is $3 × 5,000 + $20,000 = $35,000. Average (unit) cost = $35,000 ÷ 5,000 units = $7 per unit. This is below Fred’s selling price of $8.25 per flange. However, in order to make a profit, Graham’s Glassworks also needs to cover the period (non-manufacturing) costs of $10,000, or $10,000 ÷ 5,000 = $2 per unit. Thus total costs, both inventoriable (manufacturing) and…

In round one, we had full capacity production and sold 1,561 units, leaving 0 units in inventory. We invested in capacity and in round two, the manufacturing plant could produce 2,000 sensors, thus, the team decided to hit full production again in round 2. Full production in round 2 produced 1,921 units, but only 1,602 units sold. Therefore, the team was left with 319 units in inventory. Nonetheless…

3D Printing and the Additive Manufacturing Process Additive manufacturing (AM) is a process where an object is created by adding layer-upon-layer of material. This basic process requires the use of a computer, CAD software, the material(s) and the appropriate machine to fabricate the end result. AM has been used in many applications. At first, it was used in Rapid Prototyping (RP). Today, AM is used to create end-products used in many different applications, from aerospace, automotive and…

Corporate Social Responsibility: As a leader in the toy industry, Mattel failed to fulfill its corporate social responsibility and meet the legitimate concerns of society. In the business world, corporations should be responsible for all of stakeholders, including the shareholders, customers, and the society. Thus, the best social responsibility is to create shared value for society and the business (Hitt, Black, and Porter 51). Product safety is imperative when it comes to toys for kids.…

The goal of most companies is to meet the wants and needs of their customers while providing a stable work environment and remaining profitable. These core objectives, which are generally included in the company’s strategic plan, can only be achieved with a high-quality operations management system. “Operations management is the management of processes that create goods and/or services,” (Stevenson, 2009, p. 4) and is the engine that keeps a company running. The scope of operations…

Adaptation and resilience Adaptation is sometimes used as an explanation of how good quality of life is maintained in old age. In the Berlin Ageing Study, it is described in terms of selection, compensation and optimization. According to this theory, in old age, better quality of life can be achieved by trimming down activities, goals or domains of functioning to those which are most salient to one's life (selection); replacing losses with alternatives to achieve goals (compensation); and…

Printmaking is an art form that involves the creation of a master piece of artwork from which multiple images are made. These prints are considered original works of art even though they can exist in multiples. This art is one of the oldest forms of art in the world. Historically, printmaking was used to spread religious ideas or images. The process originated in China at around 105 A.D. but it did not gain more use in Europe until around the mid-15th century. Printmaking today is practiced as…

BPP’s Organizational Analysis 1. Mission and Vision: “The Bloomington Playwrights Project (BPP) strives to be a leading artistic force in the production and encouragement of new plays. The BPP provides opportunities for development, education, and production for promising and established writers and theater artists in a professional environment.” Values: “We are an advocate for playwrights and new plays and believe firmly that they are not only important but absolutely vital to the future of…

1. Introduction This following report is about Toyota. Know as Engine or auto organization. This report will begin with organization foundation (Company Background) and furthermore nation foundation (Country Background). The report will also show some history about the company, then this article additionally will do give an account of PESTEL examination base on the picked organization and nation and took after by doorman's 5 powers on picked industry. This report has an account of key…