The document summarizes a sourcing project to identify suppliers in China to manufacture the "Breeze Chair" for XXX. An initial list of 80 potential suppliers was identified, which was narrowed down to 4 shortlisted suppliers through an RFP and scoring process. The scoring evaluated suppliers on various criteria such as production capabilities, quality certifications, design ability, and cost competitiveness. It is recommended that XXX conduct on-site audits of the 4 shortlisted suppliers to further evaluate their capabilities before selecting a supplier.
Product design is the process of defining a product's characteristics, including its appearance, materials, dimensions and performance standards. The product design process involves idea development, screening of ideas, preliminary design and testing, and final design. Break-even analysis is a tool used in product screening to determine the quantity of goods that must be sold to cover total costs. Factors like manufacturability, the product lifecycle, and concurrent engineering should be considered in product design.
Market perspective of modern metal castingSearchnscore
Metal casting has evolved significantly over the years through technological advancements to meet growing global demand. Modern methods focus on efficiency, sustainability, and quality through automation, simulation modeling, improved melting techniques, and innovative safety and inspection methods. The global metal casting production is predicted to rise substantially by 2015, led by China as the top producer. Continuous innovation across the casting process aims to reduce costs and pollution while improving productivity and working conditions.
Cleaning Sponge Case Study by Dragon SourcingJohn William
Here is a case study by Dragon Sourcing on cleaning sponge sourcing from e-Commerce sector for the year 2018 covering China. For details contact: www.dragonsourcing.com
The project aims to develop a foldable heel shoe that allows women to easily switch between formal and casual styles without carrying extra shoes. The project will conduct market research and analysis, develop product specifications, source manufacturers, and create prototypes to engineer an interchangeable shoe that meets market demands. Success will be determined by creating a shoe that provides flexibility of style while maintaining quality.
The document discusses various aspects of product and service design including:
1) The product selection process involves research, development, design, testing and marketing research before a product is launched.
2) Product design should be closely tied to an organization's strategy and focus on customer satisfaction as well as functional, cost, quality and other factors.
3) Products and services go through life cycles of introduction, growth, maturity, and decline with changing demand over time.
International Journal of Engineering Research and Development (IJERD)IJERD Editor
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journal publishing, how to publish research paper, Call For research paper, international journal, publishing a paper, IJERD, journal of science and technology, how to get a research paper published, publishing a paper, publishing of journal, publishing of research paper, reserach and review articles, IJERD Journal, How to publish your research paper, publish research paper, open access engineering journal, Engineering journal, Mathemetics journal, Physics journal, Chemistry journal, Computer Engineering, Computer Science journal, how to submit your paper, peer reviw journal, indexed journal, reserach and review articles, engineering journal, www.ijerd.com, research journals,
yahoo journals, bing journals, International Journal of Engineering Research and Development, google journals, hard copy of journal
International Journal of Engineering Research and Development (IJERD)IJERD Editor
journal publishing, how to publish research paper, Call For research paper, international journal, publishing a paper, IJERD, journal of science and technology, how to get a research paper published, publishing a paper, publishing of journal, publishing of research paper, reserach and review articles, IJERD Journal, How to publish your research paper, publish research paper, open access engineering journal, Engineering journal, Mathemetics journal, Physics journal, Chemistry journal, Computer Engineering, Computer Science journal, how to submit your paper, peer reviw journal, indexed journal, reserach and review articles, engineering journal, www.ijerd.com, research journals,
yahoo journals, bing journals, International Journal of Engineering Research and Development, google journals, hard copy of journal
Product design is the process of defining a product's characteristics, including its appearance, materials, dimensions and performance standards. The product design process involves idea development, screening of ideas, preliminary design and testing, and final design. Break-even analysis is a tool used in product screening to determine the quantity of goods that must be sold to cover total costs. Factors like manufacturability, the product lifecycle, and concurrent engineering should be considered in product design.
Market perspective of modern metal castingSearchnscore
Metal casting has evolved significantly over the years through technological advancements to meet growing global demand. Modern methods focus on efficiency, sustainability, and quality through automation, simulation modeling, improved melting techniques, and innovative safety and inspection methods. The global metal casting production is predicted to rise substantially by 2015, led by China as the top producer. Continuous innovation across the casting process aims to reduce costs and pollution while improving productivity and working conditions.
Cleaning Sponge Case Study by Dragon SourcingJohn William
Here is a case study by Dragon Sourcing on cleaning sponge sourcing from e-Commerce sector for the year 2018 covering China. For details contact: www.dragonsourcing.com
The project aims to develop a foldable heel shoe that allows women to easily switch between formal and casual styles without carrying extra shoes. The project will conduct market research and analysis, develop product specifications, source manufacturers, and create prototypes to engineer an interchangeable shoe that meets market demands. Success will be determined by creating a shoe that provides flexibility of style while maintaining quality.
The document discusses various aspects of product and service design including:
1) The product selection process involves research, development, design, testing and marketing research before a product is launched.
2) Product design should be closely tied to an organization's strategy and focus on customer satisfaction as well as functional, cost, quality and other factors.
3) Products and services go through life cycles of introduction, growth, maturity, and decline with changing demand over time.
International Journal of Engineering Research and Development (IJERD)IJERD Editor
call for paper 2012, hard copy of journal, research paper publishing, where to publish research paper,
journal publishing, how to publish research paper, Call For research paper, international journal, publishing a paper, IJERD, journal of science and technology, how to get a research paper published, publishing a paper, publishing of journal, publishing of research paper, reserach and review articles, IJERD Journal, How to publish your research paper, publish research paper, open access engineering journal, Engineering journal, Mathemetics journal, Physics journal, Chemistry journal, Computer Engineering, Computer Science journal, how to submit your paper, peer reviw journal, indexed journal, reserach and review articles, engineering journal, www.ijerd.com, research journals,
yahoo journals, bing journals, International Journal of Engineering Research and Development, google journals, hard copy of journal
International Journal of Engineering Research and Development (IJERD)IJERD Editor
journal publishing, how to publish research paper, Call For research paper, international journal, publishing a paper, IJERD, journal of science and technology, how to get a research paper published, publishing a paper, publishing of journal, publishing of research paper, reserach and review articles, IJERD Journal, How to publish your research paper, publish research paper, open access engineering journal, Engineering journal, Mathemetics journal, Physics journal, Chemistry journal, Computer Engineering, Computer Science journal, how to submit your paper, peer reviw journal, indexed journal, reserach and review articles, engineering journal, www.ijerd.com, research journals,
yahoo journals, bing journals, International Journal of Engineering Research and Development, google journals, hard copy of journal
implementation of product design and development on floor cleaner VenugopalraoSuravara
This document outlines the thesis layout for a product development project. It includes sections for an abstract, introduction, literature review, methodology, design and analysis, results and discussion, conclusion, and references. The methodology section describes the product development process, including opportunity identification, product planning, identifying customer needs, concept generation, selection and testing, product architecture, design for manufacturing, and design for environment. It then provides details on the design of a self-reconfigurable floor cleaning tiling robot, including CAD modeling and structural analysis using different materials. The document concludes that carbon fiber is the best material for the robot's roller brushes based on stress and deformation results.
The document outlines the key stages of product development including idea generation, screening, business analysis, prototype development, marketing strategy, business model development, manufacturing, branding, product launch, and commercialization. It then discusses the need for product development to meet changing consumer demands, make new profits, and handle environmental threats from competition. Finally, it covers selection of materials and processes, prototyping, product launching, and the typical product lifecycle.
The file contains samples which include Data Enrichment, UNSPSC classification, Eclass (eCl@ss) classification, Taxonomy Development, and Schema Development for the industry verticals of MRO, Electrical, Electronics, Automotive, and pharmaceutical.
The document discusses product design and development. It describes the six phases of the product development process: product planning, concept development, system-level design, detail design, testing and refinement, and production ramp-up. Key aspects of each phase are identified. The document also discusses product verification, validation, testing, and the roles involved in product development teams. Product development involves a range of technical, marketing, and financial activities, while product design focuses specifically on meeting technical requirements.
This document outlines the six key elements of operations strategy:
1. Designing the production system, including product design, processing systems, and inventory plans.
2. Planning facilities for production and services to lower costs and increase quality, delivery speed, and flexibility.
3. Designing and developing products or services through various stages from idea generation to product life cycles.
4. Selecting technologies and developing processes through techno-economic analysis to improve quality, flexibility and costs.
5. Allocating scarce resources like capital, materials, and labor efficiently.
6. Planning facilities, capacity and layouts to achieve competitiveness and allow for future expansion.
The document discusses the processes involved in scope management for a project. It defines scope management, product scope, and project scope. It then explains the six key processes for scope management: 1) plan scope management, 2) collect requirements, 3) define scope, 4) create the work breakdown structure (WBS), 5) validate scope, and 6) control scope. For each process, it provides an overview and lists the typical inputs, tools and techniques, and outputs.
The document discusses project scope management. It provides an overview of the key processes involved, including collecting requirements, defining scope, creating a work breakdown structure (WBS), verifying scope, and controlling scope. It maps these scope processes to the five process groups (initiating, planning, executing, monitoring and controlling, closing) and notes that collecting requirements involves defining and documenting stakeholder needs through techniques like interviews, focus groups, workshops, and prototypes. It also discusses defining the product and project scope, as well as developing a requirements management plan to trace requirements throughout the project life cycle.
This document discusses the importance of developing clear specifications in the procurement process. It outlines several key points:
1. Specifications form the basis for communicating requirements to both internal departments and external suppliers. They establish quality and performance standards.
2. Developing specifications requires input from multiple functions to balance goals around performance, cost, and supply availability.
3. Specifications can take many forms from simple to complex, and often use a combination of methods. Care must be taken to ensure specifications allow for competition and are not overly limiting.
4. Both internal departments and external suppliers should be involved early in the specification development process to help ensure requirements are clearly defined and procurable.
Design and Development of Hybrid Storage ShelfIRJET Journal
This document describes the design and development of a hybrid storage shelf. It discusses conducting surveys to understand user needs and identify requirements. Various design concepts were considered and a scissor lift mechanism using aluminum materials was selected. The storage shelf will be portable, foldable, and provide efficient use of living space. Computer-aided design software, including CATIA and KEYSHOT, were used to develop 3D models and renderings of the hybrid storage shelf concept.
Boeing has a long history manufacturing aircraft dating back to 1916. In the 1960s, Boeing announced it would manufacture the 747 jetliner, building the plane in Everett, Washington. This became a popular tourist attraction. In the late 1990s and 2000s, Boeing's tour center welcomed its 2 millionth and 3 millionth guests. However, Boeing has faced corruption issues. In 2002, Boeing fired its CFO and a senior Air Force procurement officer for unethical conduct regarding her hiring while still a government employee. This raised questions about Boeing's procedures and oversight. Boeing shares the importance of adhering to procurement integrity.
Product development using quality function deployment Trushart Wagh
This document discusses using Quality Function Deployment (QFD) for product development at Flexfab. It provides background on QFD methodology and reviews literature on traditional and dynamic QFD. The objectives are to implement QFD for new products from an automotive customer, reduce design time, and improve customer satisfaction. Challenges include getting approval to use QFD, involving the customer, determining which products to use it for, and establishing a cross-functional team. The document outlines capturing the voice of the customer and using it to develop a house of quality matrix to plan new coolant hoses and assemblies for the customer.
This document discusses several topics related to quality including:
1. Concept of quality in manufacturing which involves meeting standards to achieve uniformity and satisfy customer requirements. Quality is defined as meeting stated or implied needs.
2. Significance of quality including customer loyalty, brand reputation, reduced costs from fewer returns.
3. Steps a leader can take to create or change an organizational culture including assessing the current culture, envisioning a new culture, and modeling the desired culture.
This document discusses various topics related to product design including:
1. Definitions of product and product design, as well as the product development process.
2. Quality function deployment (QFD) and its tools like the house of quality, which help translate customer needs into technical requirements.
3. Other topics covered are modular function deployment, factors influencing decision changes, process selection, automation, and process flow design.
4. Emerging issues in product design like design for manufacturing and assembly, design for disassembly, design for reliability, and design for customers.
Wong Kam Yuen has over 12 years of experience in supply chain management and supplier quality roles. He currently serves as the Director of Global Supplier Quality and Development at Johnson Electric, where he manages a team of 150 people and is responsible for supplier benchmarking, cost reduction programs, and supporting customer audits. Some of his accomplishments include establishing an in-house resin production line to generate 20% cost savings, standardizing materials to achieve $3 million in annual savings, and qualifying a second source supplier for electrical steel, resulting in $3-5 million in annual savings. He holds a Bachelor's degree in Mechanical Engineering and is qualified in various quality standards.
Product design directly influences production strategy in three key ways: (1) product characteristics are established during design, (2) characteristics affect how a product is made, and (3) how a product is made determines the production system design. Product design activities include translating customer needs, refining existing products, developing new products, establishing quality and cost targets, prototyping, and documenting specifications. Objectives of product design include long-term profit generation, achieving desired quality, reducing development time and cost, lowering product cost, and ensuring manufacturability.
Situation 1:
- Perform automated regression, localization, and compatibility testing to reduce costs and ensure quality across regions
- Use IBM Jazz for test management to leverage customer experience and coordinate testing between onsite and offshore teams
- Conduct performance and security testing to ensure mobile and international capabilities meet requirements
Situation 2:
- Perform risk-based testing focusing on integration points and migrated components to address interdependencies
- Consult stakeholders to define clear acceptance criteria addressing priorities and risks
- Propose automated regression to continuously validate system as other components are developed
Situation 3:
- Conduct load, stress, and failover testing
The document discusses key topics in operations management including Six Sigma, acceptance sampling, Taguchi loss function, House of Quality, and robustness. It provides details on Six Sigma such as its goal of reducing defects to 3.4 per million and the DMAIC methodology. Acceptance sampling uses statistical sampling to determine if production lots meet standards. The Taguchi loss function quantifies the costs of deviations from a target value. House of Quality is a tool that integrates customer needs into product development. Finally, robust design aims to create products that maintain performance over a wide range of conditions.
1
HI5017 Managerial Accounting
Trimester 1 2018
Individual Assignment
Assessment Value: 20%
Instructions:
1. This assignment is need to be submitted in accordance with assessment policy
stated in the Unit Outline and Student Handbook.
2. It is the responsibility of the student who is submitting the work, to ensure that
the work is in fact her/his own work. Incorporating another’s work or ideas into one’s
own work without appropriate acknowledgement is an academic offence. Students
should submit all assignments for plagiarism checking on Blackboard before final
submission in the subject. For further details, please refer to the Subject Outline
and Student Handbook.
3. Maximum marks available: 20 marks
4. Assignment should be of 2,000 words. Please use “word count” and include in
report. Presented in Calibri font size 12
5. Due date of submission: Week 10, Friday at 5.00 p.m.
Format of the Report
1. You at least should have the following details:
a. Assignment Cover page clearly stating your name and student number
b. A table of contents, executive summary
c. A brief introduction or overview of what the report is about.
d. Body of the report with sections to answer the sections required and with
appropriate section headings
e. Conclusion
f. List of references.
2. Diagrams and tables clearly labelled and explained.
3. Ensure all materials are correctly referenced. Plagiarism will be severely
penalised.
2
Background:
You have been hired by the Board of Directors of your chosen company (ASX Listed)
to explain how ABC model can improve the management accounting information
available to its top management team (i.e. CEO and senior managers).
Required:
You are required to prepare a report to recommend about ABC model for your
company. The report should cover the followings:
a) An explanation of ABC model and its features
b) An explanation of how ABC model aligns with the current goals and strategies
of the company. This explanation should include:
i) An identification of the company’s mission and objectives; and
ii) An identification of the company’s corporate strategies
iii) An explanation of how ABC model assist in achieving the company’s
strategies.
c) Provide at least two (2) recommendations about the implementation of ABC
model for your company based on your research findings.
d) Apart from ABC model, suggest one other management accounting tool
suitable for your company and justify it.
Sheet1NameMarks Detail Points availablePoints awardedStandards to be referred toOther Details (if any)1Reflection of AS 4120-1994 1.1Definitions made 33 AS 4120-1994 section 3 p.5.1.2Statements of Ethics 44 AS 4120-1994 section 4 p.5.1.3Tendering procedures covered, including:- 1.3.1 Obligations of the Principal:- 221.3.1.1 Project definition 2AS 4120-1994 section 6.1.1 p.6.1.3.1.2 Tender documents 2AS 4120-1994 secti ...
Define, select, and apply various techniques including supplier qualification, certification, evaluation, ratings, performance
improvement, and so on.
The #DROOS_FLGAWDA channel is dedicated to providing scientific content that effectively contributes to building knowledge among interested and quality workers as well as manufacturers and service providers so that they can achieve their products better, faster and at the lowest cost.
Simply channel #DROOS_FLGAWDA... will change your life for the better
JOIN-US FOR FREE
https://goo.gl/4S8PQ8
Sheet Metal Fabrication & Machining Parts Case StudyJohn William
The document summarizes a sourcing project conducted by Dragon Sourcing for a European client to identify suppliers of sheet metal fabrication and machining parts in India. Dragon Sourcing identified 83 potential suppliers in Tamil Nadu and bordering states, screened 70 suppliers through an RFI/RFQ process, and identified 17 most competitive suppliers. The report includes analysis of supplier rejection reasons at each stage, supplier profiles with scores and rankings, and price comparisons of the 17 shortlisted suppliers.
Sanitizer & Disinfectants During COVID 19 – A Brief StudyJohn William
In the ongoing pandemic, the demand for disinfectants and sanitizers has grown manifold. To meet the increasing requirements, the WHO has recommended two formulations based on 75% Isopropyl alcohol and 80% Ethanol separately for local manufacturing. Know more here!
implementation of product design and development on floor cleaner VenugopalraoSuravara
This document outlines the thesis layout for a product development project. It includes sections for an abstract, introduction, literature review, methodology, design and analysis, results and discussion, conclusion, and references. The methodology section describes the product development process, including opportunity identification, product planning, identifying customer needs, concept generation, selection and testing, product architecture, design for manufacturing, and design for environment. It then provides details on the design of a self-reconfigurable floor cleaning tiling robot, including CAD modeling and structural analysis using different materials. The document concludes that carbon fiber is the best material for the robot's roller brushes based on stress and deformation results.
The document outlines the key stages of product development including idea generation, screening, business analysis, prototype development, marketing strategy, business model development, manufacturing, branding, product launch, and commercialization. It then discusses the need for product development to meet changing consumer demands, make new profits, and handle environmental threats from competition. Finally, it covers selection of materials and processes, prototyping, product launching, and the typical product lifecycle.
The file contains samples which include Data Enrichment, UNSPSC classification, Eclass (eCl@ss) classification, Taxonomy Development, and Schema Development for the industry verticals of MRO, Electrical, Electronics, Automotive, and pharmaceutical.
The document discusses product design and development. It describes the six phases of the product development process: product planning, concept development, system-level design, detail design, testing and refinement, and production ramp-up. Key aspects of each phase are identified. The document also discusses product verification, validation, testing, and the roles involved in product development teams. Product development involves a range of technical, marketing, and financial activities, while product design focuses specifically on meeting technical requirements.
This document outlines the six key elements of operations strategy:
1. Designing the production system, including product design, processing systems, and inventory plans.
2. Planning facilities for production and services to lower costs and increase quality, delivery speed, and flexibility.
3. Designing and developing products or services through various stages from idea generation to product life cycles.
4. Selecting technologies and developing processes through techno-economic analysis to improve quality, flexibility and costs.
5. Allocating scarce resources like capital, materials, and labor efficiently.
6. Planning facilities, capacity and layouts to achieve competitiveness and allow for future expansion.
The document discusses the processes involved in scope management for a project. It defines scope management, product scope, and project scope. It then explains the six key processes for scope management: 1) plan scope management, 2) collect requirements, 3) define scope, 4) create the work breakdown structure (WBS), 5) validate scope, and 6) control scope. For each process, it provides an overview and lists the typical inputs, tools and techniques, and outputs.
The document discusses project scope management. It provides an overview of the key processes involved, including collecting requirements, defining scope, creating a work breakdown structure (WBS), verifying scope, and controlling scope. It maps these scope processes to the five process groups (initiating, planning, executing, monitoring and controlling, closing) and notes that collecting requirements involves defining and documenting stakeholder needs through techniques like interviews, focus groups, workshops, and prototypes. It also discusses defining the product and project scope, as well as developing a requirements management plan to trace requirements throughout the project life cycle.
This document discusses the importance of developing clear specifications in the procurement process. It outlines several key points:
1. Specifications form the basis for communicating requirements to both internal departments and external suppliers. They establish quality and performance standards.
2. Developing specifications requires input from multiple functions to balance goals around performance, cost, and supply availability.
3. Specifications can take many forms from simple to complex, and often use a combination of methods. Care must be taken to ensure specifications allow for competition and are not overly limiting.
4. Both internal departments and external suppliers should be involved early in the specification development process to help ensure requirements are clearly defined and procurable.
Design and Development of Hybrid Storage ShelfIRJET Journal
This document describes the design and development of a hybrid storage shelf. It discusses conducting surveys to understand user needs and identify requirements. Various design concepts were considered and a scissor lift mechanism using aluminum materials was selected. The storage shelf will be portable, foldable, and provide efficient use of living space. Computer-aided design software, including CATIA and KEYSHOT, were used to develop 3D models and renderings of the hybrid storage shelf concept.
Boeing has a long history manufacturing aircraft dating back to 1916. In the 1960s, Boeing announced it would manufacture the 747 jetliner, building the plane in Everett, Washington. This became a popular tourist attraction. In the late 1990s and 2000s, Boeing's tour center welcomed its 2 millionth and 3 millionth guests. However, Boeing has faced corruption issues. In 2002, Boeing fired its CFO and a senior Air Force procurement officer for unethical conduct regarding her hiring while still a government employee. This raised questions about Boeing's procedures and oversight. Boeing shares the importance of adhering to procurement integrity.
Product development using quality function deployment Trushart Wagh
This document discusses using Quality Function Deployment (QFD) for product development at Flexfab. It provides background on QFD methodology and reviews literature on traditional and dynamic QFD. The objectives are to implement QFD for new products from an automotive customer, reduce design time, and improve customer satisfaction. Challenges include getting approval to use QFD, involving the customer, determining which products to use it for, and establishing a cross-functional team. The document outlines capturing the voice of the customer and using it to develop a house of quality matrix to plan new coolant hoses and assemblies for the customer.
This document discusses several topics related to quality including:
1. Concept of quality in manufacturing which involves meeting standards to achieve uniformity and satisfy customer requirements. Quality is defined as meeting stated or implied needs.
2. Significance of quality including customer loyalty, brand reputation, reduced costs from fewer returns.
3. Steps a leader can take to create or change an organizational culture including assessing the current culture, envisioning a new culture, and modeling the desired culture.
This document discusses various topics related to product design including:
1. Definitions of product and product design, as well as the product development process.
2. Quality function deployment (QFD) and its tools like the house of quality, which help translate customer needs into technical requirements.
3. Other topics covered are modular function deployment, factors influencing decision changes, process selection, automation, and process flow design.
4. Emerging issues in product design like design for manufacturing and assembly, design for disassembly, design for reliability, and design for customers.
Wong Kam Yuen has over 12 years of experience in supply chain management and supplier quality roles. He currently serves as the Director of Global Supplier Quality and Development at Johnson Electric, where he manages a team of 150 people and is responsible for supplier benchmarking, cost reduction programs, and supporting customer audits. Some of his accomplishments include establishing an in-house resin production line to generate 20% cost savings, standardizing materials to achieve $3 million in annual savings, and qualifying a second source supplier for electrical steel, resulting in $3-5 million in annual savings. He holds a Bachelor's degree in Mechanical Engineering and is qualified in various quality standards.
Product design directly influences production strategy in three key ways: (1) product characteristics are established during design, (2) characteristics affect how a product is made, and (3) how a product is made determines the production system design. Product design activities include translating customer needs, refining existing products, developing new products, establishing quality and cost targets, prototyping, and documenting specifications. Objectives of product design include long-term profit generation, achieving desired quality, reducing development time and cost, lowering product cost, and ensuring manufacturability.
Situation 1:
- Perform automated regression, localization, and compatibility testing to reduce costs and ensure quality across regions
- Use IBM Jazz for test management to leverage customer experience and coordinate testing between onsite and offshore teams
- Conduct performance and security testing to ensure mobile and international capabilities meet requirements
Situation 2:
- Perform risk-based testing focusing on integration points and migrated components to address interdependencies
- Consult stakeholders to define clear acceptance criteria addressing priorities and risks
- Propose automated regression to continuously validate system as other components are developed
Situation 3:
- Conduct load, stress, and failover testing
The document discusses key topics in operations management including Six Sigma, acceptance sampling, Taguchi loss function, House of Quality, and robustness. It provides details on Six Sigma such as its goal of reducing defects to 3.4 per million and the DMAIC methodology. Acceptance sampling uses statistical sampling to determine if production lots meet standards. The Taguchi loss function quantifies the costs of deviations from a target value. House of Quality is a tool that integrates customer needs into product development. Finally, robust design aims to create products that maintain performance over a wide range of conditions.
1
HI5017 Managerial Accounting
Trimester 1 2018
Individual Assignment
Assessment Value: 20%
Instructions:
1. This assignment is need to be submitted in accordance with assessment policy
stated in the Unit Outline and Student Handbook.
2. It is the responsibility of the student who is submitting the work, to ensure that
the work is in fact her/his own work. Incorporating another’s work or ideas into one’s
own work without appropriate acknowledgement is an academic offence. Students
should submit all assignments for plagiarism checking on Blackboard before final
submission in the subject. For further details, please refer to the Subject Outline
and Student Handbook.
3. Maximum marks available: 20 marks
4. Assignment should be of 2,000 words. Please use “word count” and include in
report. Presented in Calibri font size 12
5. Due date of submission: Week 10, Friday at 5.00 p.m.
Format of the Report
1. You at least should have the following details:
a. Assignment Cover page clearly stating your name and student number
b. A table of contents, executive summary
c. A brief introduction or overview of what the report is about.
d. Body of the report with sections to answer the sections required and with
appropriate section headings
e. Conclusion
f. List of references.
2. Diagrams and tables clearly labelled and explained.
3. Ensure all materials are correctly referenced. Plagiarism will be severely
penalised.
2
Background:
You have been hired by the Board of Directors of your chosen company (ASX Listed)
to explain how ABC model can improve the management accounting information
available to its top management team (i.e. CEO and senior managers).
Required:
You are required to prepare a report to recommend about ABC model for your
company. The report should cover the followings:
a) An explanation of ABC model and its features
b) An explanation of how ABC model aligns with the current goals and strategies
of the company. This explanation should include:
i) An identification of the company’s mission and objectives; and
ii) An identification of the company’s corporate strategies
iii) An explanation of how ABC model assist in achieving the company’s
strategies.
c) Provide at least two (2) recommendations about the implementation of ABC
model for your company based on your research findings.
d) Apart from ABC model, suggest one other management accounting tool
suitable for your company and justify it.
Sheet1NameMarks Detail Points availablePoints awardedStandards to be referred toOther Details (if any)1Reflection of AS 4120-1994 1.1Definitions made 33 AS 4120-1994 section 3 p.5.1.2Statements of Ethics 44 AS 4120-1994 section 4 p.5.1.3Tendering procedures covered, including:- 1.3.1 Obligations of the Principal:- 221.3.1.1 Project definition 2AS 4120-1994 section 6.1.1 p.6.1.3.1.2 Tender documents 2AS 4120-1994 secti ...
Define, select, and apply various techniques including supplier qualification, certification, evaluation, ratings, performance
improvement, and so on.
The #DROOS_FLGAWDA channel is dedicated to providing scientific content that effectively contributes to building knowledge among interested and quality workers as well as manufacturers and service providers so that they can achieve their products better, faster and at the lowest cost.
Simply channel #DROOS_FLGAWDA... will change your life for the better
JOIN-US FOR FREE
https://goo.gl/4S8PQ8
Similar to Case Study-Sourcing of Breeze Chair (20)
Sheet Metal Fabrication & Machining Parts Case StudyJohn William
The document summarizes a sourcing project conducted by Dragon Sourcing for a European client to identify suppliers of sheet metal fabrication and machining parts in India. Dragon Sourcing identified 83 potential suppliers in Tamil Nadu and bordering states, screened 70 suppliers through an RFI/RFQ process, and identified 17 most competitive suppliers. The report includes analysis of supplier rejection reasons at each stage, supplier profiles with scores and rankings, and price comparisons of the 17 shortlisted suppliers.
Sanitizer & Disinfectants During COVID 19 – A Brief StudyJohn William
In the ongoing pandemic, the demand for disinfectants and sanitizers has grown manifold. To meet the increasing requirements, the WHO has recommended two formulations based on 75% Isopropyl alcohol and 80% Ethanol separately for local manufacturing. Know more here!
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In the wake of the high demand for PPE and medical devices in the EU, Chinese suppliers have restarted exporting to Europe. However, the European Safety Federation has identified some suspicious CE certificates for both PPE and medical devices. The suppliers have either used fake documents or showed certificates by the wrong authorities. Since a CE mark is compulsory for all PPE and medical devices exported to Europe, this newsletter delves into product classification for PPE and medical devices and product classification by EU regulation. There are 2 regulations, namely, Regulation (EU) 2016/425, which is on PPE and Regulation (EU) 2017/745, which is on medical devices and accessories. It has been mandated that all medical products and PPE to be sold in the EU need to come under any of these regulations. All suppliers should have knowledge about the procedure for Certified CE Mark, the risk categories, classification of medical devices and types of notified bodies as well as their names in the regulations.
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The economy of Brazil is developing and it is the world’s 9th largest free-market economy in terms of the GDP. In 2018, their oil seeds industry achieved an export value of 33.5 billion USD, with the top destinations being the Netherlands, China, Thailand, Spain and Taipei. Following this mark is the country’s mineral fuels sector with its natural gas and crude oil reaching a value of $29.6 billion. The mining industry also backs them up with its iron ore business, which climbed up to $23.6 billion by mostly exporting in Japan, China, Korea, Germany, and the Netherlands. Although not close to its top mark, Brazil also relies on its industrial machinery and steel and iron products. Check the complete report for insights into the region’s sourcing opportunities that are displayed using stats and graphical representations.
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Malaysia is known for its economic records in Asia. Its export value as of 2018 in the electrical and electronic equipment industry stands at $82 billion, with its valuable locations for export being Japan, China, US, Singapore and Hong Kong. The country is also rich in its export business of oil and mineral fuel, mainly crude petroleum oil and petroleum gases that have an export value of $38 billion.
This report also shows that the country is backed up in terms of chemical products and optical & medical equipment. Malaysia exports its products to various countries including India, Australia, Korea, Pakistan, Netherlands and Germany, and has more than a hundred suppliers in every industry – big or small. Take a look at the entire report and talk to Malaysia sourcing service providers to gain in-depth graphical representations and stats.
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Pakistan is a southeast Asian country ruling the export domain in made-up textiles like bed linens and curtains with 3.9 USD billion in 2017. In 2017, it was the 3rd largest exporter of made-up textiles, contributing to 18% of the country’s total exports. The 5th largest cotton producer and the 4th largest exporter of cotton in the world, Pakistan produced 1.8 million metric tons in 2017-2018.
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Case Study on Sourcing Opportunities in South AfricaJohn William
South Africa is the second-largest economy in the continent. The country is a regional manufacturing centre and is considered to be the African continent’s most diversified economy. Leading the country in terms of export is the metals and precious stones’ industry, with a value of 16.5 billion USD. Although the number of suppliers is below 100, the mineral fuel, automotive, and the ores and slag industry are not too far behind in exporting goods. The top export destinations of SA are China, Japan, USA, Germany, Italy, India and the Netherlands amongst others. From diamonds and platinum to petroleum oils and coal, precious items strengthen the country’s economy and also make South Africa a worldwide sourcing hub. To know in details about the country’s economic state, get in touch with South Africa sourcing service providers and read the pdf.
Case Study on Sourcing Opportunities in MyanmarJohn William
Myanmar is the second-largest country in Southeast Asia with rich natural resources like forestry, fertile land, marine and freshwater resources, natural gas and minerals. It is also a good source of precious stones. Take a look at the report to know that mineral fuels and distillation products formed 38.6% of the country’s total export in 2018. Dominated by agriculture, the nation’s economy is largely based on it. Other industries are fishery, livestock, mining, oil and gas, textile, fruits, etc. Extractive industries such as mining, oil & gas, and forest products are the most productive. They are also striving to improve the quality of their fruits and spices besides setting up more garment factories for the textile industry. Learn more about Myanmar’s economic condition from a Myanmar sourcing service agency to make an informed decision about procuring from the country.
Study on Sourcing Opportunities in IndonesiaJohn William
Indonesia’s approximately 257 million people make it the world’s fourth-most populous nation. Manage risks with effective Indonesia sourcing strategy by hiring experts at Dragon Sourcing.
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This is a case study by Dragon Sourcing on Battery Sourcing in order toidentify new potential competitive suppliers worldwide to decrease price, secure manufacturing capacities, lead-time. Know more at https://www.dragonsourcing.com/
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3. Project Background:
• As Part of the core XXX offerings the Air Comfort range of chairs and beds, are designed to minimize, reduce and
relieve patient high pressure areas
• Since introduction of the Air Comfort range, a number of competitors have entered the market with similar products
at lower cost. As a result, XXX have commenced a two-tiered strategy;
o Design a superior product, the ‘Breeze Chair,’ with extra benefits and features to what is currently available
o Establish manufacturing of the ‘Breeze Chair’ in China with an experienced, capable supplier that is able to
manufacture to XXX’s standards whilst maintaining cost competitiveness
Program Objectives:
• Support XXX to establish manufacturing of the ‘Breeze Chair’ in China with an experienced and highly capable
supplier
• Identify and qualify a supplier that is able to manufacture the newly designed deluxe “Breeze Chair” to XXX’s high
quality standards while maintaining cost competitiveness now and in the future
Sourcing Summery:
• A supplier qualification process was conducted in the Chinese Market for Breeze Chair over a period of 7 weeks
• From an Initial 80 suppliers identified 4 suppliers were shortlisted
• We have determined that only a limited number of suppliers in China are able to produce the Breeze Chair
• We recommend that XXX reveals their identity to the 4 shortlisted supplier to convince them to participate fully in an
audit process to evaluate the supplier capabilities in audits to be conducted in September
EXECUTIVE SUMMARY
4. 4
No. Step Deliverables
1.
Demand Analysis
Work with XXX to define and understand the products and requirements (specs, volumes, materials,
production technology requirements)
Project Requirement Questionnaire
Product Requirement Sheet
Kick-Off Report
2.
Supply Analysis
Identify long list of potential suppliers in China by leveraging B2B Websites, Fair catalogues, Chamber of
Commerce, Magazines, Network, References.
Supplier Long List
3.
Telephone RFP Pre-screening
Selection of suppliers to be included in the RFP process by telephone pre-screening based on agreed
simple criteria (e.g. capability to make the product, minimum company size, interest in participating)
Shortlist for RFP
4.
Develop RFP
Prepare an RFP document, with an aligned Balanced Scorecard that has the objective to pre-qualify the
capabilities of the suppliers, including: Background, financial, Client and product experience, Quality
certification & processes, Social Responsibility, Manufacturing/technology capability, R&D capability
The request for quotation will be for a standard item and also include a request for product proposal to
measure competitiveness, innovation and to increase the level of supplier response.
RFP Template
Balanced Scorecard
Introduction Letter
NDA
Milestone 1: RFP & Scorecard Approved
5.
Conduct RFP Administration
The RFP is translated to Chinese and distributed to the relevant suppliers, with telephone follow-up to
push for maximum participation.
Control Sheet
Completed RFPs
6.
Analyse RFP Responses
Analysis of RFP responses and preparation of a report which profiles & objectively ranks the suppliers by
capability and competitiveness (EXW), including a recommendation for those to be audited and potentially
included in the sample development.
RFP Report
Supplier Profiles
Proposed Shortlist for Audit
Product Proposal Summary
Milestone 2: Shortlist for Audit Agreed
APPROACH & SCHEDULE
Stage 1: Supplier Identification & Qualification
5. No. Step Deliverables
Milestone 2: Shortlist Audit Agreed
7.
Prepare for Audits
Planning the audit schedule, budget, and drafting the Audit Questionnaire that will be used for the supplier
self-assessment and on-site audits.
Audit Plan
Audit Questionnaire
8.
Conduct Audits
Distribution of the Audit Questionnaire to suppliers for their self-assessment (and to get them prepared),
followed by onsite audits of all the suppliers. Focus is management, logistics, production, quality and
includes photos & videos where allowed.
9.
Analyse Audit Results
Analysis of the audit results together with RFP results and preparation of a report that ranks the suppliers,
including a recommendation for those for XXX’s visit.
Audit Reports
Milestone 3: Sample Development & Approval
10.
Manage Sample Development
Planning and facilitating the development of samples with approved shortlisted suppliers.
Samples
11.
Final Assessment , Selection, & Sample Approval
Support in China as required (clarification of outstanding questions about suppliers) to conduct the final
assessment
12.
Finalize Commercial Negotiations and Trial Order Support
Support in China as required to complete the Feasibility Cost Assessment for the selected suppliers.
Supplier Contract
13.
Additional Support as required
Ongoing Commercial, Production, Logistics, & QC support as needed
Stage 2: Audits, Selection & Contracting (up to 6 billable days included*)
5
Note: Current scope of work includes the cost for 6 billable days of Audit Prep, Auditing, Audit reporting, Selection, Contracting, Sample
Development, Negotiations support, trial order management, Logistics, QC, etc). Additional days will be billed at a standard daily rate
APPROACH & SCHEDULE
6. 6
DEMAND ANALYSIS
Breeze Chair Functional Description Dimensions
Min
(mm)
Max
(mm)
Yearly
Volume (Pcs)
Designed for aged care and
disabled patients who require an
adjustable and comfortable seating
solution or pressure care.
Features
• Air Comfort Seating System
• Infinite positioning seat tilt, back
recline and leg rest raising.
• Adjustable seat depth, seat &
back width, footrest and headrest
height .
• 125mm Castors (3 Total Lock & 1
Directional)
• Removable upholstery.
• Can be fitted with electric
actuators or gas struts.
• Maximum Weight 180kg
Exterior
Height 1300 1450
300 Units 2013
700 Units 2014
900 Units 2015
Width 690 750
Interior
Back Height 650 650
Seat Depth 400 550
Seat Width 400 500
Seat Height 600 600
Breeze chair requirements
7. Drawing Name
BREEZE - ADJUSTABLE SEAT FRAME.PDF
BREEZE - BACK REST.PDF
BREEZE - BASE.PDF
BREEZE - FOOTREST.PDF
BREEZE - HEAD REST SLIDE.PDF
BREEZE - HEAD REST LEVER.PDF
BREEZE - HEAD REST WING .PDF
BREEZE - LEG REST SLIDE.PDF
BREEZE - LEG REST .PDF
BREEZE - MAIN SEAT FRAME-2.PDF
Drawing Name
BREEZE - MEAL TRAY jvk.PDF
BREEZE - RIGHT WING.PDF
BREEZE - MEAL TRAY TOP.PDF
BREEZE - MEAL TRAY UNDERSIDE jvk.PDF
BREEZE - WING LOWER PADDING.PDF
BREEZE - WING PLASTIC COVER.PDF
BREEZE - WING RIGHT LOWER PADDING.PDF
BREEZE - BACK REST COVER.PDF
Breeze Head Cushion.doc
Breeze Overlay Upholstery.doc
7
DEMAND ANALYSIS: COMPONENTS
Breeze Chair Frame Designs drawings selected for the RFP
8. 8
DEMAND ANALYSIS
3 components for reference prices
Item Photo Name Process related
Back Rest
Subassembly
Cutting, Welding, Laser Cutting, Bending
Vacuum Formed
Plastic back cover
Vacuum Forming Plastic
Upholstered Foam
Headrest
Cutting & Sewing
9. SOURCING RESPONSE
Our market research has identified 80 suppliers after an investigation of the Chinese manufacturing
market
18 Failed
60 Passed
52 Dropped
out of the
Process
8 Participated
Suppliernumber
11. 28
22
1
0
5
10
15
20
25
30
No Interest Cannot Produce Duplicate Supplier
(Likely Trader)
Suppliers reasons
for not participating
SOURCING RESPONSE: NON-RESPONSE ANALYSIS
11
Reasons for suppliers deciding not to respond to RFQ
Description Comment
Cannot produce
• Design too complex for them to
produce
• No in house Engineering ability
to develop the product
Not interested
• Annual Quantity is too small
• No Capacity for new product
line/customers
• Too different form current
products
• Not willing to do highly
customized OEM work
Duplicate • Identification of trader
16. SUPPLIER SCORECARD
The supplier scorecard used to rank the suppliers
Company Background Source from RFP Weight of criteria Weight of Section Max Score
Manufacturer or trader Company profile 2-1 50% 10% 1
Turnover in 2011 in Million USD Company profile 2-5 30% 3
Capital (in Million USD) Company profile 2-4 20% 3
Subtotal 100% 10% 7
Export experience Weight of criteria Weight of Section Max Score
Export license Company profile 2-6 10%
20%
1
% of the turnover dedicated to Export Company profile 2-11 40% 3
Main Export Market Company profile 2-12 15% 4
Who are the main customers Company profile 2-12 35% 3
Subtotal 100% 20% 11
Production capabilities Weight of criteria Weight of Section Max Score
How many employees do you have? Company profile 2-8 25%
25%
3
How many RD workers Company profile 2-15 25% 3
How many processes do you have in house (total 15)? Company profile 2-16-33 25% 3
What's your main product category? 25% 3
Subtotal 100% 25% 12
Design Ability Weight of criteria Weight of Section Max Score
Do you have ability to develop the product according to
customer requirement/design?
Company profile 2-41 40%
20%
1
How many designers people do you have? Company profile 2-42 30% 3
Do you have R/D person or designer speak in English? Contact Information 1-18 30% 1
Subtotal 100% 20% 5
Quality Weight of criteria Weight of Section Max Score
Does the supplier have ISO 9001? Company profile 2-43 30%
10%
1
Does the supplier have ISO 14001? Company profile 2-43 30% 1
Does the supplier have other certification ? Company profile 2-43 40% 2
Subtotal 100% 10% 4
Saving Potential Weight of criteria Weight of Section Max Score
Able to quote all 3 reference items Quote 40%
10%
1
Average Quotation Competitiveness Quote 60% 1
Subtotal 100% 10% 4
Cooperation Weight of criteria Weight of Section Max Score
Cooperation during RFP 100% 5% 2
Subtotal 100% 5% 2
Total scoring 100%
18. Recommendations
• We have determined that only a limited number of suppliers in China are willing and able to produce
the Breeze Chair and we suggest that we shortlist and audit/visit 4 suppliers
Next Steps
1. Review RFP, Supplier Scorecard and Supplier profiles
2. Decide witch supplier to Audit
3. Prepare Supplier Audit document for self assessment & Audit of shortlisted suppliers
4. Send & Collect Supplier Audit document for self assessment
5. Plan and conduct Audit
6. Analysis Audit results
7. Select Supplier for Sampling
8. Test Samples and request additional rounds of sampling as necessary
9. Approve Samples and select supplier(s) for final negotiation
RECOMMENDATIONS AND NEXT STEP