...situation even include potential market Decision of Market? If No Cancel Project If Yes Start to Build Prototype Decision of Prototype? If No Cancel Project If Yes Determine manufacturability Approved? If No If Yes Prepare or Gear up for production Constitute marketing plan Start Production Marketing Production Launch New Product Or End Project If Yes Prepare or Gear up for production Constitute marketing plan Start Production Marketing Production Launch New Product Or End Project As this Flowchart, it shows a new product and project development in an organization. Following is each form that is meaning for: Process Start or End Process Step and Meeting Process Decision and Meeting Basically, this Flowchart can help people understand a new product process. It includes the tasks, interfaces, inputs, and outputs more visible. Analyzing this new product process map can help organization or process team reduce cycle time, cut down costs, and increase productivity. For this process objective, it helps process team define the scope of this project, such as customers’ needs, customers’ satisfaction and market trend. In the beginning, this flowchart considers the market or potential market for customers, in order to make sure this project’s feasibility in current market. That is the step of gathering information from employees or customers,...
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...extend into, and outside, the organization, beyond the immediate customers and profitability goals. The focus of this paper is improving process management at Hartman Industries, LLC. The process management that needs improvement is the company’s flowchart. Within this paper the team will also summarize, explain, and define process management as it relates to the company’s flowchart. The team will also present an implementation plan for the chosen quality improvement process and an example of the quality tools use for reducing process variability. “Companies are often in search of ways to provide a high-quality product at a reasonable price” (Kömrcü & Şahin, 2012, p. 484). Improving quality is a topic for companies small and large because producing a quality product greatly affects the survival of companies. Companies use various methodology and tools to improve quality. Hartman Industries use a flowchart as a visual representation for the company’s production process. Each step in the flowchart represents a part of the process in the sequence of activities involved in manufacturing the molds. Hence the process must follow logical steps for the process to be efficient and cost-effective. The steps in Hartman Industry’s flowchart is out of sequence and need correcting so the company can be more efficient and cost-effective in the company’s manufacturing process. According to Davis and...
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...agencies, customers and vendors, competitors, labor unions, and the public at large. Internal users are the managers in an organization. 3. Electronic data processing (EDP) is the use of computer technology to perform an organization's transaction-oriented data processing. Management information systems (MIS) use computer technology to provide decision-oriented information to managers. In a decision support system (DSS), data are processed into a decision-making format for the end user. An expert system (ES) is a knowledgebased information system that uses its knowledge about a specific application area to act as an expert consultant to end users. 4. The four common operating cycles of business activity are the revenue cycle, expenditure cycle, production cycle, and finance cycle. 5. The term internal control suggests actions taken within an organization to regulate and direct the activities of the organization. 6. A controller is in charge of the accounting function. The treasurer is responsible for the finances of the business. 7. Internal audit is charged with monitoring and assessing compliance with organizational policies and procedures. 8. The most prevalent information systems departmental structure is the assignment of responsibilities and duties by area of technical specialization, that is, function. 9. The analysis function focuses on identifying problems and projects for computer processing and designing systems to satisfy these...
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...does it cost to hold inventory for one year? Q =((2DS/H) D: annual demand (units) S: “fixed” cost to place order (per-unit order cost) H: carry cost per unit per year 4. [Work a reorder point problem.] ROP= reorder point = when to order (when we get down to x units left in inventory, reorder) ROP= I x d I = lead time in days (the time between placing an order for inventory and its arrival) d = daily demand (total demand/number of working days) 5. Draw, name, and describe the purpose/use of five different symbols (shapes) often used in the system flowchart. 6. What is a _____ ? Who creates it? What specific purpose(s) does it serve? How is it used in transaction processing? a. Stock release/Picking ticket : document that identifies which items of inventory must be located & picked from the warehouse shelves. Could be raw material or FG (Production/Factory/Warehouse department) b. Move ticket: records work done in each work center and authorizes the movement of the job or batch from one work center to the next (supervisor or authorized person) c. Bill of...
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...analysis and execution is critical to an industrial laundry operation considering the direct correlation between time and cost. A wash floor process takes soiled textiles (inputs), launders said textiles, and provides clean textiles (outputs) to be finished and delivered to existing customers (Chase, Jacobs, & Aquilano, 2006, p. 154). Various factors can affect the process flow that directly influence processing times essential to direct processing costs and ensuring finished goods are available for delivery on time. The wash floor process is visualized with a flowchart providing visual systematic design and flow. The flowchart also serves as a working blueprint of the wash floor designs that can be manipulated for process improvement as required. This study discusses factors that influence production flow leveraging time and number of pounds processed as the key metrics in measuring process improvement. A process flowchart is provided as visual representation of a standard commercial wash floor design and system. Business Scenario Alsco Inc. is a global textile rental company headquartered in Salt Lake City, Utah. Alsco was the first company to introduce textile services to the world in 1889 and has remained a privately held family-owned business for over 120 years (Alsco Inc). Alsco owns and manages more than 80 branch locations in the United States alone that produce and deliver textile rental services to over a quarter of a million businesses. Each branch...
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...Akzo Nobel Surface Chemistry Support Unit Sweden and to everyone we have been in contact with when collecting data to this thesis. Thank you! Göteborg, May 2004 Stefan Bengtsson Li Sjöborg Summary As the awareness of environmental problems increases so does the demands and guidelines from legislations and customers that deal with the environmental problems of the industries products and manufacturing processes. For a large international chemical company such as Akzo Nobel these increasing demands lead to costs for administrative work, taxes, testing, additional staff and investments. The aim of this study is to determine the properties of these “environmental costs” for the products of a chemical company. The study has focused on the production of two colorants. A surfactant (Berol 09), used in the older colorant formulation, contains nonyl phenol ethoxylate, a substance with potentially toxic properties. The newer colorant formulation contains another surfactant (Bermodol SPS 2532) that was developed as an environmentally favorable alternative to the other surfactant. Both surfactants are manufactured at the Akzo Nobel plant in Stenungsund, Sweden. This substitution is...
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...|Exam 1 Review Notes | AIS (This is not exhaustive – just a minimum for study) Study the end of chapter MC in the AIS. Study probs 1.4, 1.8, 2.5, 2.6, 2.8, 3.2, 3.6, 3.16(2,3,7,8,9), 5.3, 5.4, 5.8 Porter’s primary value chain activities Porter’s basic strategic positions Seven characteristics of useful information Five major transaction cycles The data processing cycle Budgeting Source data automation G/L, control accounts, subsidiary ledgers, General Journal Context diagram System flowchart Flowchart symbols Structured, semi-structured, unstructured decision making Data Flow Diagrams (DFDs) and symbols Database Management System (DBMS) and Relational DBMS Schemas and subschemas Database administrator Benefits of DBMS technology Batch processing Online real-time processing Primary key, foreign key, attributes, tuples Data warehouse Data Dictionary Data Definition Language (DDL) Data Manipulation Language (DML) Data Query Language (DQL) Update, Insertion, Delete Anomaly Entity integrity and Referential integrity The following questions are representative of the mc questions that will be on the exam. 1. Which of the following motivators would be a good indication of financial pressure that would contribute to employee fraud? a. a big change for the better in an employee's lifestyle b. an employee suddenly acquires lots of credit cards ...
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...The System Design Project ACG3401 – Spring 2013 You have been assigned to a team that is responsible for the complete design of an accounting information subsystem to support the business cycle (e.g. revenue, expenditure, production, human resource management and payroll, or financial reporting system) assigned to your team by the professor for a hypothetical company of your choice. Points will be awarded for a presentation to the class as well as a final report that will include a business process narrative, document flowchart that coincides with document narrative, and a risk and controls matrix. PowerPoint presentation files must be emailed to the instructor 24 hours in advance of the scheduled presentation date. Attire for the presentation is business casual. If you are unsure what is appropriate business casual attire, please refer to the following website for tips: http://www.career.vt.edu/jobsearc/buscasual.htm. All team members will receive the SAME grade for these project requirements. However, students absent from any of the presentations will automatically receive zero credit unless pre-approved by the instructor. In addition to the presentation and final report, each team member will submit peer evaluations for the other members and average score will be calculated. Each individual will rate the helpfulness of all of the other members of their team at the end of the term and submit the peer evaluation form to the instructor on the assigned date...
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...INSTITUTE OF DEVELOPING ECONOMIES IDE Discussion Papers are preliminary materials circulated to stimulate discussions and critical comments IDE DISCUSSION PAPER No. 120 A Flowchart Approach to Malaysia’s Automobile Industry Cluster Policy Akifumi KUCHIKI* September 2007 Abstract In this paper, we apply a flowchart approach to investigate Malaysia’s automobile cluster policy. We investigate whether the industrial cluster policy has been successful or not, suggest policy prescriptions, and propose a way to prioritize policy measures. Our flowchart approach leads to the following three policy prescriptions: (1) Malaysian firms should establish sites for exporting compact cars with automatic transmissions; (2) actors in the public, semi-public and private sector should work to upgrade skilled labor; and (3) the central government should promote liberalization and deregulation to attract foreign firms into the supporting industries. Keywords: Malaysia, automobile industry cluster, policy prescriptions, actors, deregulation JEL classification: G18, O18, R11 * Executive Vice President, Japan External Trade Organization (JETRO) E-mail: akifumi_kuchiki@ide.go.jp The Institute of Developing Economies (IDE) is a semigovernmental, nonpartisan, nonprofit research institute, founded in 1958. The Institute merged with the Japan External Trade Organization (JETRO) on July 1, 1998. The Institute conducts basic and comprehensive studies on economic and related affairs in all...
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...Report on Book Chapter Series in Chapter 3 Transaction Processing EAST WEST UNIVERSITY Course Title: Accounting Information System Course Code: ACT 430 Sec: 01 Submitted to Nikhil Chandra Shil Department of Business Administration East West University Submitted by Name | ID | Md. Saiful Islam | 2011-1-10-293 | Md. Sariful Islam | 2011-1-10-286 | Saad Abduallah | 2011-1-10-362 | Sakil Ahamed Dip MD.Khanzarul Islam | 2011-3-10-149 2011-1-10-428 | Date of Submission: 25th November, 2014 November 25, 2014 Nikhil Chandra Shil Bachelor of Business Administration East West University Subject: Submission of report on Accounting Information System in chapter 3. Dear Sir, We would like to take this opportunity to thank you for the guidance and support you have provided us during this course of this report. Without your help, this report would have been impossible to complete. To prepare the report we collected what we believe to be most relevant information to make our report as analytical and reliable as possible. We have concentrated our best effort to achieve the objectives of the report and hope that our endeavor will serve the purpose. The practical knowledge and experience gathered during report preparation will immeasurably help in our future professional life. We request you to excuse us for any mistake that may occur in the report despite...
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...competitive advantage thru differentiation, low cost, rapid response, or combination of these. PRODUCT STRATEGY OPTIONS: Product Selection- the choosing of good or service to provide customers or clients; Differentiation- by offering a distinctly unique and high quality product; Taco Bell- has developed a low cost and high value product line; Toyota- a rapid response to changing customer demand; PRODUCT LIFE CYCLES: Intro Phase- the product is being fine-tuned for market, negative cash flow due to research, product development, process modification, and supplier development; Growth Phase- product design is stabilizing, requires effective forecasting of capacity requirements; Maturity Phase- high sales revenue, competitors are established, improved cost control, reduction in options of product line necessary for profitability and market share; Decline Phase- Sales and profits decreasing, can invest to bring good products up, otherwise terminate; Strategies change as products move through life cycle and successful strategies determine best strategy for product on its life cycle stage. PRODUCT-BY-VALUE ANALYSIS- Pareto Principle- focus on critical few, not trivial many; Product by Value Analysis- lists products in descending order of their...
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...120 of which are production employees. Their facility houses production, raw/component/finished inventory, administrative and corporate services, and their own local distribution operation. Being so highly immersed in the custom housing market of Austin and its many surrounding cities, much of the current production and material needs are based upon current trends in the housing and construction industry. This makes it more challenging to house an adequate stock of raw material, as production needs could potentially change faster than the company can anticipate. (Benton, Jr., 2014) Being able to meet customer desires with a fully customized product has always been the pride of Austin Wood Products. However, this presents many challenges for the company at an operational level, particularly in inventory and purchasing management. An estimated 87 percent of all purchases are raw lumber for production, yet there is no formal cycle count, material handling, or material resource planning procedure established within the company. Austin Wood Products conducts a physical inventory once a year, but it does not actively maintain accurate inventory records the rest of the year. According to Dave Pope, the Plant Manager, “there is a 50 percent chance of obtaining the needed lumber for a job.” (Benton, Jr., 2014, pg. 463) In many cases, employees take the required lumber for their current jobs without documenting any transaction for the move. Production is expected to increase...
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...Lab Write Up Identifying an Unknown Microbe Gregory Howard 10E The isolation I was given two unknown microbes and asked to identify them. The first step was to isolate each microbe. I did this by using the streak method to apply each microbe to an enrichment culture. The enrichment culture provides conditions to enhance growth of a species. Obataining a pure culture makes it easier to identify and study a particular species. The macconkey agar plate which is used to isolate and differentiate members of the enterobacteriace based on its ability to ferment lactose. Macconkey agar w/o crystal violet or bile will only grow gn rods which inhibits the growth of gp cocci. Columbia can agar plate which is a medium that allows growth of gp orgs especiall staphylococci, streptococci, and enterococci and inhibits the growth of gn orgs. After both plates where streaked they where incubated at 35 degress celcius for 48 hours. The Gram Stain Next I performed a gram stain to detect differences between microbes or differences in structure of the same microbe. This being my first time I ever gram stained false results could be because of poor staining techniques. Usina a modern light microscope I observed each microbe that grew on its agar plate of interest. Through my gram staining and visual observation I came to the conclusion that the macconkey agar plate grew enterobacteriace , a GN rod shape org and the org that grew on the Columbia can plate resembled a cocci due to its cluster...
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...In light of the above company involves many business pertaining to advertising, this report will only revolve around quality management problem of its personalized trophy product. . The study evaluates how quality management contributes to its position of market leader and analyses the weakness in company’s existing quality management. Furthermore, upon identifying the areas of improvement in Sign-Tech’s Quality Management the recommendations are made to further operational efficiency so as to increasing its value offer as well as maximizing profits. 1.1 Sign-Tech Advertising Services Pvt. Ltd. Sign Tech Advertising Services (pvt) Ltd is a limited liability company founded in 1986 and become one of the Sri Lanka’s leading “Signage Production House” now. The business of Sign Tech covers corporate signs, architectural signs, awards/trophies/labels, indoor & outdoor advertising products, digital printing, gifts and exhibition booths. The Headquarter of Sign Tech is located in Galle Road, which is Colombo's fashionable up-market business district and the main factory is in Gothatuwa...
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...Case Study 8.1: Sour Grape Ice Cream Kelly Epps Reyes Grantham University Case Study 8.1: Sour Grape Ice Cream There are seven common quality tools that the Quality Ice Cream Company could use to understand and improve processes during a production run with the Sour Grape Ice Cream. Flow Chart, Run Chart, Process-Control Chart, Check Sheet, Pareto Diagram, Cause-and-Effect Diagram, and Scatter Diagram. Each of these tools helps to identify sources of variation and aids in the analysis, documentation, and organization of the information, which will leads to process improvement. The company should start with a flowchart or process map to visually represent relationships among the activities and tasks that make up a process. At high levels, process maps help you understand process complexity. At lower levels, they help analyze and improve the process. This will give the company a better idea of what is causing the rejections form happening. A scatter diagram should be made from the data, collected by the production operator. This will show the relationship between the run time and the viscosity of the ice cream. This will also help in finding out how long the ice cream should be mixed for to keep the ice cream from being too soupy or too stiff. From the data collected over the 10 days, it seems like it is not run for enough time, most of the time, resulting in a too soupy product. (Sower, V. 1996, pg. 201-202) After the best run time is determined, they...
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