StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Production Planning & Quality Management- MGMT430 - 1401A 01 Unit 3 - Essay Example

Cite this document
Summary
As a metric of the organization’s production process, quality measured through the number of defects associated with a given product is deemed an effective measure since “it captures all defects; (where) care must be taken to capture "hidden" rework and repairs that may take…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER99% of users find it useful
Production Planning & Quality Management- MGMT430 - 1401A 01 Unit 3
Read Text Preview

Extract of sample "Production Planning & Quality Management- MGMT430 - 1401A 01 Unit 3"

Download file to see previous pages

1-55). Therefore, the lesser defects, the higher the quality. Cost is a crucial metric of production in terms of considering that costs of materials and labor would be an input to the unit price of the products being offered. Thus, the lower the costs of the materials and labor, the lower the unit price that the organization could peg to the consumers. This cost component would be instrumental in the pricing strategy that would be designed to ensure competitive advantage within the specialty memory chip market.

Timeliness was described as “whether a unit of work was done on time” (Section 1: Development Process, n.d., p. 1-55). This metric measures the ability of the organization to produce in the most limited number of time and within the stipulated delivery period. Since there is a noted pre-order of as much as 10 million units of a new cellular phone memory chip, the time element is crucial to ensure that these parts are delivered within the given time frame. Currently, flexibility is a metric that needs evaluation and focus.

With the identified six key products and 24 distinct products, customers who might require specialized parts that cater to their distinct needs and requirements. Thus, there is a need to evaluate standardization of products produced using similar machines; or producing more varied products with standardized machines. Productivity is actually defined as “the amount of a resource used to produce a unit of work” (Section 1: Development Process, n.d., p. 1-55). This is an important metric since it defines the number of output produced using the amount of inputs (raw materials and labor).

The organization’s productivity would therefore be measured according to how efficiently the resources are used to produce the needed products. Efficiency is deemed an important metric of production since it ensures that a task (production) is undertaken with the minimum use of resources but that which optimized the outcome. It

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Production Planning & Quality Management- MGMT430 - 1401A 01 Unit 3 Essay”, n.d.)
Production Planning & Quality Management- MGMT430 - 1401A 01 Unit 3 Essay. Retrieved from https://studentshare.org/business/1625308-production-planning-quality-management-mgmt430-1401a-01-unit-3
(Production Planning & Quality Management- MGMT430 - 1401A 01 Unit 3 Essay)
Production Planning & Quality Management- MGMT430 - 1401A 01 Unit 3 Essay. https://studentshare.org/business/1625308-production-planning-quality-management-mgmt430-1401a-01-unit-3.
“Production Planning & Quality Management- MGMT430 - 1401A 01 Unit 3 Essay”, n.d. https://studentshare.org/business/1625308-production-planning-quality-management-mgmt430-1401a-01-unit-3.
  • Cited: 0 times

CHECK THESE SAMPLES OF Production Planning & Quality Management- MGMT430 - 1401A 01 Unit 3

The analysis of project plan of TUI travel agency

During next few years, TUI developed and changed its production from industrial segment to a modern tourism and shipping company.... This project plan deals only with the first phase of this strategic plan.... The plan will initially illustrate the background and salient features of TUI and why this company has decided to venture into new markets....
9 Pages (2250 words) Essay

Project Management - A Systems Approach to Planning

From the above table, the activities with a zero slack are 01, 02, 08, 09, and 15.... Thus, the critical path can be concluded to be 01 – 02 – 08 – 09-15.... In the above project network, the critical path was determined above and realized to be 01 – 02 – 08 – 09 - 15.... This paper 'Project Management - A Systems Approach to planning" focuses on the fact that Project Management has to involve the necessary planning when handling a project....
12 Pages (3000 words) Assignment

Project Management- MGMT412 - 1304B - 01 unit 2

Project Management- Mgmt412 - 1304b - 01 unit 2 Name: Instructor: University: Course: Date Project Management- Mgmt412 - 1304b - 01 unit 2 Justification: Introducing a new product in the market is a challenging process for many companies and there is a need for conducting research in various departments like the sales deliverables that will be anticipated for the launching of the new product....
3 Pages (750 words) Essay

Planned Behaviour Change

500 participants took part in this study and were selected in random from four countries in Europe namely; ... ... ll the participants had… The collected data was analyzed using SPSS and the results indicated that the confidence to stop smoking was very high as age grew and that females were more confident to stop smoking than males....
16 Pages (4000 words) Lab Report

Analysis and Interpretation

The following project "Analysis and Interpretation" encompasses the understanding of analysis and interpretation in research work.... As the text has it, researchers generally seek to generalize their results from the available data to some larger context by generalizing a sample to a population....
6 Pages (1500 words) Statistics Project

Management, Leadership and Change in Corporations

Failure to plan is planning to fail.... A business's endurance in the current competitive milieu is based on how well its top brass management can make strategic and subtle decisions, its ability to adjust to changes and stay above in the competition.... The management should explicitly understand the phases of change,… The research concentrated on transformational leadership that enabled Nokia Corporation to remain a market leader for decades....
11 Pages (2750 words) Essay

The Heat-production in Prolonged Contractions of an Isolated Frog's Muscle

The assignment "The Heat-production in Prolonged Contractions of an Isolated Frog's Muscle " states that Frog tissue is used because it is a sturdy in vitro preparation which functions at room temperature and the oxygen requirement is met from the atmospheric oxygen which gets diffused....
6 Pages (1500 words) Assignment

Project Planning - How to Deal with Projects

This assignment "Project planning - How to Deal with Projects" presents the construction project upon which it is based a school which is located in Scotland.... This school project is designed to take a period of 18 months and the client's budget aimed at completing the project is almost 8 million....
7 Pages (1750 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us