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Mila [183]
3 years ago
13

What suggestions do you have for Sabina about working with suppliers, and how would you address the sourcing issue from the Chin

ese supplier based on Lean principles? 2. What should Sabina do about reorganizing the work environment? Should any layout changes be made, and how do you think they should be implemented? 3. How would you address the issue of equipment setup? How would you proceed? 4. What other suggestions would you offer Sabina to improve the operation of this company? In what order should these changes be made? 5. Describe the organizational culture of Lean. How can Sabina promote this at Buckeye?
Business
1 answer:
SIZIF [17.4K]3 years ago
8 0

The suppliers need to be informed well in advance that Lean implementation needs to take place at a date in the near future.Keeping in mind the lead time of the transistors and the inventory requirement the company should place the order for the transistor ahead of 2 months time span

Explanation:

1.<u> What suggestions do you have for Sabina about working with suppliers and how would you address the sourcing issue from the Chinese supplier based on Lean principles? </u>

The suppliers need to be informed well in advance that Lean implementation needs to take place at a date in the near future.Keeping in mind the lead time of the transistors and the inventory requirement the company should place the order for the transistor ahead of 2 months time span

<u>What should Sabina do about reorganizing the work environment? Should any layout changes be made and how do you think they should be implemented? </u>

The changes in the machinery setting is going to consume a lot of time .Sabina noticed that the layout design was based on the function rather the layout should be designed on the basis of the production flow and not on the functions.By adopting to lean six sigma these functions can be implemented

<u>How would you address the issue of equipment setup? How would you proceed? </u>

<u> </u>

By Implementing  Lean Six Sigma to identify the process that is leading to excessive  wastage and then we need to evaluate  the process of  plant loading  in a uniform manner.

<u>What other suggestions would you offer Sabina to improve the operation of this company? In what order should these changes be made? </u>

The  steps for a Lean Six Sigma needs to be adopted:

Step 1 – The values need to be defined jointly

Step 2 – An analysis  of the supply chain capabilities of the organization needs to be done.

Step 3 – Identification of the important financial and operational metrics

Step 4 – Understand the need for system improvement and then how it System needs  be executed

<u>Describe the organizational culture of Lean. How can Sabina promote this at Buckeye? </u>

All the  employees should be  involved(i.e the  suppliers, operations, and logistics. Also all the people need to be treated equally and with respect,.

 

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Softie, Inc. produces facial tissues. The company's contribution margin ratio is 77%. Fixed expenses are $240,400. To achieve a
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To achieve a target profit of $930,000, Softies' sales must be $1,520,000.

<h3>What is target profit?</h3>
  • Target profit is the amount of profit that a company's managers anticipate achieving by the conclusion of a specific accounting period.
  • Typically, the target profit is established from the budgeting process and is compared to the actual result in the income statement.
  • If they chose to earn a 20% margin on each sale, they will make a $50 profit on each chair sold.
  • As a result, if the corporation wishes to make $50 per chair and sell the chair for $200, the chair must be manufactured for $150 or less.

To find the target profit of Softie, Inc.:

  • Sales = ($240,400 + $930,000) ÷ 0.77
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Therefore, to achieve a target profit of $930,000, Softies' sales must be $1,520,000.

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2 years ago
If a bank deposit will double in value in 18 years, the rule of 72 implies that the interest rate on the deposit must equal is a
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Answer:

b. 4 percent

Explanation:

According to the rule of 72, hte number of years required for an investment to be doubled can be obtained by dividing 72 by the interest rate (in percentage). If it takes 18 years for the investment to bouble in value, the interest rate is:

18=\frac{72}{i}\\i=4\%

The interest rate on the deposit is 4%.

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4 years ago
Refresh produces soft drinks and sodas. Production of 100,000 liters was started in February, 85,000 liters were completed. Mate
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Answer:

$51,000

Explanation:

Equivalent production = 85,000 + [40% × (100,000 - 85,000)] = 91,000 units. Given.

Total Production = 100,00 litres

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Total Cost = 38,220 + 16,380 = 54,600

First we Calculate the Total Units of Production

This is given by:

Total Units of Production = Completed Production + [40% × (Uncompleted Production)] =

Total Units of Production = 85,000 + [40% × (15,000)]

Total Units of Production = 91,000 units.

Calculating Cost per unit = Total Cost/Total Units

Cost per unit = ($38,220 + $16,380)/91,000

Cost Per Unit = $0.60;

Cost Transferred = Materials Cost * Cost Per Unit

Costs Transferred = 85,000 × $0.60 = $51,000

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