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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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If you accept a job as a domestic security analyst for a brokerage firm, you are most likely working in which one of the followi
Sonbull [250]

Answer:

Investments

Explanation:

If I choose to work as a domestic security analyst for a brokerage firm, I will probably choose to work in the investment sector of the firm. The domestic security analyst usually examines investment opportunities and performs market analysis. A domestic security analyst is the one who is responsible for analyzing other competitors, firms and industries and giving a recommendation regarding possible new ventures and investment opportunities.

5 0
3 years ago
As the operations manager, you prefer to keep a constant workforce and production level, absorbing variations in demand through
podryga [215]

Answer:

Shortage cost for May is $71,000

Explanation:

The expected demand for the month of May is 5000 units.

Shortages for month are carried to next month.

Shortage cost is $10 per month.

(Working days per month x hrs/day x # of workers)

20 days * 8 hours * 23 workers = 3680

Jan :  3680 - 3500 = +180

Feb : 3680 + 180 - 4500 = -640

Mar : 3680 - 640 -6000  = -2980

Apr : 3680 - 2980 -6500 = 5780

May : 3680 - 5780 -5000 = 7100

4 0
3 years ago
A money market account paid annual interest of 4.8% in June and 4.91% in July. A two-month, time deposit account pays 4.87% annu
Inga [223]

Answer:

The time deposit account earned $0.37 more than the money market account.

This is so minimal and insignificant that it does not make a noticeable difference and the deposit could be put in any of the two accounts without the depositor suffering any disadvantage.

In practice, the time deposit earns more on the average than the money market account, because it has a stated period unlike the money market account that is always fluid.

Explanation:

a) Data and Calculations:

Money market account:

Interest rate in June = 4.8%/12

Interest rate in July = 4.91%/12

Deposit in account = $15,000

Interest earned in June = $60 ($15,000 * 4.8%/12)

Interest earned in July = $61.38 ($15,000 * 4.91%/12)

Total interest earned in June and July = $121.38

Time deposit account:

Interest rate in June and July = 4.87% * 2/12

Deposit in account = $15,000

Interest earned in June and July = $121.75 ($15,000 * 4.87% * 2/12)

8 0
3 years ago
All of the following are motivation for firms to issue warrants EXCEPT: 23 Multiple Choice 8 0:20:47 o Word Warrants are more de
Julli [10]

Answer:

warrrents are more desirable than convertible securities for creating new common stock.

Explanation:

The exercise of a warrant changes the capital structure of the company by reducing the degree of leverage by virtue of the issuance of new common shares without the debt experiencing any change. If a bond is converted, the decrease in the level of leverage would be even more pronounced, as common shares would be issued in exchange for a reduction in debt. In addition, the exercise of a warrant represents a new capital inflow; With convertible securities, new capital is captured when they are originally issued and not when they are converted. The entry of new contribution capital resulting from the exercise of a warrant does not occur until the company has achieved a certain degree of success, which is reflected in a higher price of its shares.

Hope this helps!

4 0
3 years ago
What was the significance of NAFTA?
Vesna [10]

Answer:

a. It allowed freer trade opportunities for the United States, Canada, and Mexico.

Explanation:

NAFTA is  North American Free Trade Agreement.

NAFTA is a trade agreement that was formed to encourage increased economic activity among the three countries in North America. The deal came into force on January 01, 1994. It involved the countries of Canada, Mexico and the United States of America.

The formation of NAFTA created the second-largest free trade area in the world in geographic coverage. Its purpose is to encourage trade corporation in the region. To achieve that, NAFTA proposed a reduction or elimination of tariffs, particularly those related to the automobile, agriculture and textile industries. The tariffs were gradually phased out between Jan 1. 1994 and Jan 1. 2008

8 0
3 years ago
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