quantity of steel rings and substantial inventory of special steel. In a meeting, the general manager, the sales manager, the accountant and the development engineer discussed the possible problems and alternatives for this problem. For PWI, manufacturing plastic rings was defiantly the best solution for the problem but they still wondered what they would do with the inventory they had. According to the sales manager, customers new about the new plastic rings and were asking if PWI was already selling
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Productivity and Marketing Practice: A Strategic Model for Shoe Manufacturing Industry A Research Proposal Presented to the Graduate School of Business Philippine School of Business Administration In Partial Fulfillment of the Requirement for the Doctor of Business Administration Program By: Ayuson, Franklin Estiller June 2013 The Merger of Best Productivity and Marketing Practice: A Strategic Model for Shoe Manufacturing Industry Franklin Estiller Ayuson Philippine School
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seen after the surgery is done. Next, service has the characteristic of inseparability. The service cannot be separated from its provider, whether the provider is either a machine or a human. For example, the service of having a hair perm at a beauty salon cannot be separated from the usage of perm equipment and the existence and skill of a professional hair permer. Third, service has the characteristic of variability. It is defined as the quality of the service depends on who provides them
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Works Introduction Michael Burton has recently been hired as the CEO of Tesca Works, Inc. Previously he had been the marketing manager for a large manufacturing company and had established a reputation for identifying new consumer trends. Tesca Works Inc. is a California-based generator manufacturing company. The company is well known for manufacturing large, heavy-duty generators at a reasonable cost. One of its greatest achievements is that its generators can be easily modified or customized
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Q. 1. What managerial challenges do services present that manufacturing does not? Ans: 1. There are some criteria that show that the services present several managerial challenges those are not seen in manufacturing i: 1. The managers face difficulty in measuring the effectiveness of the productivity of service. 2. To measure the financial value of the service provided. 3. It may often put hardness to meet the demand as per the requirement. 4. It is difficult to make jobs more structured
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most commonly used platform till today is the labour force. The first reason that leads to the difficulty in improving productivity of a company is because service industry typically needs the intensity in their labour force to compare to the manufacturing industry. This is because the labour will deliver their service to the customer. They tend to involve a significant amount of customization or customer interaction, so their operations rely heavily on these labours. The more services to be delivered
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streamline process, decrease supply and delivery times, cut costs, and increase efficiency. The technique to improve processes is known as Six Sigma. Companies, such as General Electric and Toyota have been utilizing Six Sigma principles to improve manufacturing processes and quality measures; however, the principles have not been widely used in marketing environments. Apply Six Sigma to Sales and Marketing The author of “Apply Six Sigma to Sales and Marketing” defines Six Sigma as a road map to problem
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BOH4M1 – Assignment New vs Old Economy NEW VS OLD ECONOMY Define the following: Old Economy: | an economy based on agriculture and manufacturing as opposed to high technology; also, a former economic system or state | New Economy: New industries, such as biotechnology or the Internet, that are characterized by cutting-edge technology and high growth. Fill in the following chart: CONTRASTS OLD ECONOMY | NEW ECONOMY | Requires control | Requires collaboration | Value is measurable
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setbacks realized in adopting it. The magnitude of the benefits and setbacks can vary depending on the industry. The current study provides details on the advantages and disadvantages of employing the policy in the manufacturing industry with implementation examples specific to the car manufacturing industry. With the policy being pioneered by Toyota, and later used by Ford, the evidence that the two organizations have benefited substantially from the policy are obvious. They have had increased profits,
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for use Less: Raw material inventory, Ending Cost of raw material used/consumed Add: Direct Labor Prime Cost Add: Factory Overhead: Indirect Material Indirect Labor Other indirect expenses Total manufacturing cost Add: Beginning W-I-P Cost of input put into the process Less: Ending W-I-P Cost of good manufactured Add: Beginning finished goods inventory Cost of goods available for sale Less: Ending Finished goods inventory
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