1. The Rise of America in the manufacturing arena could be attributed to focus on Interchangeable parts and vertical integration. Japan’s success could be attributed to Just-in-Time. (a) What other parallels can be drawn between the manufacturing stories of America and Japan? (b) What are the key differences? (c) What relevance do these similarities and differences have to the manufacturing manager and policy maker of today?
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Ques 1. The Rise of America in the manufacturing arena could be attributed to focus on Interchangeable parts and vertical integration. Japan’s success could be attributed to Just-in-Time.
(a) What other parallels can be drawn between the manufacturing stories of America and Japan?
(b) What are the key differences?
(c) What relevance do these similarities and differences have to the manufacturing manager and policy maker of today?
Ques 2. What are the shortcomings of Value Stream Mapping?
Ques 3. For each of the following situations, indicate whether Kanban or MRP would be more effective and why?
(a) An Auto plant with four styles of a vehicle
(b) A job shop
(c) A plant with one assembly line where all parts are purchased
(d) A circuit board plant with 40,000 active part numbers
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