Microwave Inventory Case
Intelligent Microwaves, Inc.
Intelligent Microwaves, Inc. (IMI) produces a wide range of personal and commercial microwaves, including a heavy-duty microwave oven for use in restaurants and other heavy use environments. Their microwaves are considered to be very reliable and have many “intelligent” features that customers appreciate. Recently, however, competitive price pressures have cut into IMI’s profit margins and they are taking a look at their operations to try to find ways to reduce cost while maintaining or improving product quality and customer service. You have been asked to look at their production and distribution of their heavy-duty microwave oven.
IMI actually produces 6 models of the heavy-duty microwave but they are essentially the same except for the power supply and the language of the instructions that are on the microwave. These differentiating features result in the 6 models and are necessary to meet the requirements of different overseas customers. IMI has always produced each microwave model in batches large enough to satisfy one month’s worth (30 days) of average demand. Historical records indicate it takes them on average 30 days, with a standard deviation of 4 days to produce a batch and an average of 7 days, with a standard deviation of 2 days, to ship a batch of microwaves to the appropriate warehouse in the appropriate country. There is a setup cost of $1000 to get the production line prepared to produce any of the heavy-duty models. One microwave of any model is valued at $500. Through trial and error over the last few years, IMI has found that using a reorder point of 51 days of supply (51 times the average daily demand) has given them a reliable performance, only running out of microwaves about 2% of the time while waiting for a new shipment to arrive. IMI uses an inventory carrying charge of $.25 per dollar of inventory per year.
Intelligent Microwaves:
Production and Distribution of Heavy Duty Microwaves
6 models of Heavy Duty Microwaves
Produced in batches to satisfy one month’s (30 days) of average demand
Production time – mean= 30 days, std dev = 4 days
Ship time – mean 7 days, std dev 2 days
Setup cost of $1000 to prepare the production line for any batch = Order cost
Each microwave is valued at $500
Reorder point is 51 days of supply = 51 days * average daily demand
Has yielded a 2% probability of stockout
Inventory carrying cost is $0.25/dollar of inventory
Key formulas
Lead time = Production time + Ship time
Demand during lead time = Lead time * Average daily demand
Std Dev of demand during lead time =>
Safety stock = Reorder point – Demand during lead time
Safety stock = z * std dev of demand during lead time thus`
Z = safety stock / std dev of demand during lead time
Service level = NORMDIST(z)
Total cost = Annual Purchase Cost + Annual Ordering Cost + Annual Holding Cost
TC = DC + (D/Q)S + (Q/2 + SS)H where
(D=Demand, C=Cost/unit, Q = order qty, S=Orde ...
Strategic management, Analyzing the building blocks of WaltonMd. Ismail Hossen
An assignment prepared for the purpose of analyzing the four building blocks of Walton ( Refrigeration Department)
1) Achieving Superior Efficiency
2) Achieving Superior Quality
3) Achieving Superior Innovation
4) Achieving Superior Customer Responsiveness
The climate change is global, decarbonize involved in everywhere; food processing is the broadest areas of human existence, it extended all over the world every corner.....food services machines manufacturers will impossible avoid as it to be one of the biggest carbon emissions fields.
The climate change is global, decarbonize involved in everywhere; food processing is the broadest areas of human existence, it extended all over the world every corner.....So, food services machines manufacturers will impossible avoid as it to be one of the biggest carbon emissions fields
Microwave Inventory Case
Intelligent Microwaves, Inc.
Intelligent Microwaves, Inc. (IMI) produces a wide range of personal and commercial microwaves, including a heavy-duty microwave oven for use in restaurants and other heavy use environments. Their microwaves are considered to be very reliable and have many “intelligent” features that customers appreciate. Recently, however, competitive price pressures have cut into IMI’s profit margins and they are taking a look at their operations to try to find ways to reduce cost while maintaining or improving product quality and customer service. You have been asked to look at their production and distribution of their heavy-duty microwave oven.
IMI actually produces 6 models of the heavy-duty microwave but they are essentially the same except for the power supply and the language of the instructions that are on the microwave. These differentiating features result in the 6 models and are necessary to meet the requirements of different overseas customers. IMI has always produced each microwave model in batches large enough to satisfy one month’s worth (30 days) of average demand. Historical records indicate it takes them on average 30 days, with a standard deviation of 4 days to produce a batch and an average of 7 days, with a standard deviation of 2 days, to ship a batch of microwaves to the appropriate warehouse in the appropriate country. There is a setup cost of $1000 to get the production line prepared to produce any of the heavy-duty models. One microwave of any model is valued at $500. Through trial and error over the last few years, IMI has found that using a reorder point of 51 days of supply (51 times the average daily demand) has given them a reliable performance, only running out of microwaves about 2% of the time while waiting for a new shipment to arrive. IMI uses an inventory carrying charge of $.25 per dollar of inventory per year.
Intelligent Microwaves:
Production and Distribution of Heavy Duty Microwaves
6 models of Heavy Duty Microwaves
Produced in batches to satisfy one month’s (30 days) of average demand
Production time – mean= 30 days, std dev = 4 days
Ship time – mean 7 days, std dev 2 days
Setup cost of $1000 to prepare the production line for any batch = Order cost
Each microwave is valued at $500
Reorder point is 51 days of supply = 51 days * average daily demand
Has yielded a 2% probability of stockout
Inventory carrying cost is $0.25/dollar of inventory
Key formulas
Lead time = Production time + Ship time
Demand during lead time = Lead time * Average daily demand
Std Dev of demand during lead time =>
Safety stock = Reorder point – Demand during lead time
Safety stock = z * std dev of demand during lead time thus`
Z = safety stock / std dev of demand during lead time
Service level = NORMDIST(z)
Total cost = Annual Purchase Cost + Annual Ordering Cost + Annual Holding Cost
TC = DC + (D/Q)S + (Q/2 + SS)H where
(D=Demand, C=Cost/unit, Q = order qty, S=Orde ...
Strategic management, Analyzing the building blocks of WaltonMd. Ismail Hossen
An assignment prepared for the purpose of analyzing the four building blocks of Walton ( Refrigeration Department)
1) Achieving Superior Efficiency
2) Achieving Superior Quality
3) Achieving Superior Innovation
4) Achieving Superior Customer Responsiveness
The climate change is global, decarbonize involved in everywhere; food processing is the broadest areas of human existence, it extended all over the world every corner.....food services machines manufacturers will impossible avoid as it to be one of the biggest carbon emissions fields.
The climate change is global, decarbonize involved in everywhere; food processing is the broadest areas of human existence, it extended all over the world every corner.....So, food services machines manufacturers will impossible avoid as it to be one of the biggest carbon emissions fields
Overview of E2DRIVER
- Project partners
- Energy consumption in automotive sector
- Objectives and impacts
- E2DRIVER methodology to reduce energy consumption
- Actors and stakeholders
RBEI, Coimbatore - CII awarded ‘Excellent Energy Efficient Building’Danfoss India
Headquartered in Germany, and now operating in over 150 countries, Bosch works in mobility solutions, Industrial technology, Energy & Building technology and Consumer goods. RBEI is the second largest engineering development centre in India.
As per Bosch’s value definition, Bosch places its products and services in the interests of the safety of people, the economic use of resources, and environmental sustainability. Bosch was one of the top 10 shortlisted finalists for ACREX Hall of Fame powered by Danfoss.
Sustainable Practices
• CII awarded ‘Excellent Energy Efficient Building’ for the excellence in Energy Management consecutively for 2015 & 2016
• CII awarded “Excellent Energy Efficient Building” for the excellence in Energy Management consecutively for 2015 & 2016
• Water-cooled chillers
• Solar PV system
• Expansive green cover around the premises
• Annual cost saving due to solar PV system – Rs 1.63 mn
• Annual energy saving due to solar street lights – 15,552 units
Mark Little, GE
As GE’s Chief Technology Officer and Leader of GE’s nine Global Research Centers, Mark Little embraced the Lean Startup methodology to improve business outcomes. Mark will describe specific examples where he helped the organization use Lean Startup to help drive speed and innovation with cross functional teams across GE.
Funding for innovative farm-focused technologies - Farming Innovation Pathway...KTN
Find out more about the Farming Innovation Pathways (FIP) competition. It's a competition for collaborative feasibility studies and industrial research projects that focus on the development of innovative farm-focused technologies, systems or approaches to help improve food productivity, as well as increasing resilience and sustainability in line with net zero ambitions.
During this webinar, we cover
- Competition scope around animal and plant based agriculture
- Eligibility criteria
- How to find collaboration partners to for the funding
Join our LinkedIn group to make connections and find collaboration partners for this competition https://www.linkedin.com/groups/13773250/
#AgriFood #AgriFoodFunding #FarmingInnovation #AgriTech
Presentation by Robin Wilson, Lead Technologist, High Value
Manufacturing, Technology Strategy Board.
This was delivered at the Advanced Manufacturin Strategy: One Year On
event held at NESTA, London on 29 October 2009.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Overview of E2DRIVER
- Project partners
- Energy consumption in automotive sector
- Objectives and impacts
- E2DRIVER methodology to reduce energy consumption
- Actors and stakeholders
RBEI, Coimbatore - CII awarded ‘Excellent Energy Efficient Building’Danfoss India
Headquartered in Germany, and now operating in over 150 countries, Bosch works in mobility solutions, Industrial technology, Energy & Building technology and Consumer goods. RBEI is the second largest engineering development centre in India.
As per Bosch’s value definition, Bosch places its products and services in the interests of the safety of people, the economic use of resources, and environmental sustainability. Bosch was one of the top 10 shortlisted finalists for ACREX Hall of Fame powered by Danfoss.
Sustainable Practices
• CII awarded ‘Excellent Energy Efficient Building’ for the excellence in Energy Management consecutively for 2015 & 2016
• CII awarded “Excellent Energy Efficient Building” for the excellence in Energy Management consecutively for 2015 & 2016
• Water-cooled chillers
• Solar PV system
• Expansive green cover around the premises
• Annual cost saving due to solar PV system – Rs 1.63 mn
• Annual energy saving due to solar street lights – 15,552 units
Mark Little, GE
As GE’s Chief Technology Officer and Leader of GE’s nine Global Research Centers, Mark Little embraced the Lean Startup methodology to improve business outcomes. Mark will describe specific examples where he helped the organization use Lean Startup to help drive speed and innovation with cross functional teams across GE.
Funding for innovative farm-focused technologies - Farming Innovation Pathway...KTN
Find out more about the Farming Innovation Pathways (FIP) competition. It's a competition for collaborative feasibility studies and industrial research projects that focus on the development of innovative farm-focused technologies, systems or approaches to help improve food productivity, as well as increasing resilience and sustainability in line with net zero ambitions.
During this webinar, we cover
- Competition scope around animal and plant based agriculture
- Eligibility criteria
- How to find collaboration partners to for the funding
Join our LinkedIn group to make connections and find collaboration partners for this competition https://www.linkedin.com/groups/13773250/
#AgriFood #AgriFoodFunding #FarmingInnovation #AgriTech
Presentation by Robin Wilson, Lead Technologist, High Value
Manufacturing, Technology Strategy Board.
This was delivered at the Advanced Manufacturin Strategy: One Year On
event held at NESTA, London on 29 October 2009.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
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The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
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Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
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Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
1. P R E PA R E D B Y –
G R O U P 2
Operation strategy at Galanz
2. Introduction
Headquartered in Shunde, China, founded in 1978
Produced down feather products for overseas clients
Purchased microwave oven blueprint from Toshiba for USD
3,00,000 in 1990
Entered into new business of microwave oven in 1992
Purchased magnetrons from foreign suppliers (Toshiba and
Panasonic)
Invested in R&D of magnetrons
Designed and produced its on magnetrons to support its own
microwave production
10/15/2019
2
3. Company overview
The largest microwave oven manufacture in the world
Competed based on lowest cost through efficient utilization of
capacity and process improvement
1990 : purchased microwave oven blueprint from Toshiba for
USD 300,000
1992 : entered into new business of microwave oven
1997 : invested in R & D of magnetrons
2000 : designed and produced magnetrons to support its own
microwave production
Combining OBM,OEM and ODM to achieve economy of scale
60%-70% of the domestic in 2002 and 50% of the international
market share in 2007
10/15/2019
3
4. Good Practices
Free production line transfer tactic
Full utilization of production facility and labor resources:
Operating 3 shifts per day, 7 days a week for 365 days
Investment on R&D
10/15/2019
4
5. Bad Practices
3 levels of personnel: slow flow of information
Production of customized products caused decline in
production
Overlooked the importance of records
Low cost efficiency achieved with low quality and less
variety
Poor production planning
Synchronization between production and R&D
10/15/2019
5
7. Suggestions
Proper training of staff for the end customer
Handling of customer grievances and providing after sales
services
Adding in new varieties/models in microwave ovens
Synchronizing production with R&D department
More time for new product testing/development
10/15/2019
7
