Case 7-2 Five Star Tools This report provides an analysis and evaluation of constraints in the production process for the Model C210 and the Model D400 of the Five Star Tools product line. The significant growth the company has experienced in recent years has led to a strain on the firm’s production capacity. This report seeks to determine how to loosen constraints on production and identify the most profitable product line given current production limitations. Incremental analysis is used to
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FIVE STAR TOOLS Executive Summary Five Star Tools‚ a tools manufacturer is faced with production constraints. Overview of the Situation • Focuses on various ways to loosen constraints • Demonstrates how to identify which products are most profitable and which products are less profitable when confronted with constraints • Makes the point that large profits that may be lost if a company does not adequately deal with constraints Issues Addressed 1. What is the situation facing Five Star
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Five Stars Tools Case Five Star Tools is a small family owned firm that manufactures diamond coated cutting tools (chisels and saws) used by jewelers. In the past two years‚ the company has experienced growth and is at capacity in the coating and sharpening process. This has created a constraint‚ or bottleneck‚ that has caused the company to miss deadlines from several important customers. This case analysis seeks to provide solutions to the constraint problem. The following is a table showing
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Five Star Tools Five Star Tools is a small family-owned firm that manufactures diamond-coated cutting tools(chisels and saws) used by jewelers. Production involves three major processes. First‚ steel “blanks” (tools without the diamond coating) are cut to size. Second‚ the blanks are sent to a chemical bath that prepares the tools for the coating process. In the third major process‚ the blanks are coated with diamond chips in a proprietary process that simultaneously coats and sharpens the
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Executive Summary Five Star Tools is a family owned manufacturing company that manufactures chisels and saws used by jewelers. They produce the tools utilizing a 3 step process. In the past two years the company has experienced significant growth and at times has not been able to meet order deadlines. Management has identified that they have a bottle neck in the coating and sharpening process. Overview The president of Five Star Tools‚ Maxfield Turner decided to meet with the vice president
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[pic] BIRZEIT UNIVERSITY FACULTY OF COMMERCE & ECONOMICS ACCOUNTING DEPARTMENT COURSE OUTLINE SECOND SUMMER SEMESTER 2011/2012 ACCT. 230 Instructor: Leila Amer Office Room #: C103 COURSE OBJECTIVES This course is a continuation for accounting 130. In this course students will be exposed to the remaining accounts of the balance sheet. The purpose of the course is to acquaint students with accounting issues related to partnerships and corporations such as
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Chandra‚ 2012 in his thesis titled “Customer Relationship Management in Hospitality with reference to five star hotels in India” has studied on the aspects of Customer Relationship Management practices followed in India; Studying the effect of CRM practices on the service quality as perceived by the customers of the hotels in the study; Determining the word-of-mouth advertising and referrals gain by the hotels as outcome of CRM and Analysis of impact of CRM practices on satisfaction‚ retention‚ grievances
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Five Star and Amtech Travis Huggard: G00059703 Professor: R. Todd Kane Grantham University Five Star and Amtech When deciding which type of culture was dominant at either 5 Star or Amtech‚ I had to look at what type of culture their presidents represented. For example‚ the president of 5 Star‚ John Tyler “believed that 5 Star was the far superior company‚ had effective managers‚ had clear responsibilities and jobs” (Daft‚ 2001). On the other hand‚ the president of Amtech‚ Jim Rawls‚ did not believe
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Can Italy’s M5S recover from Rome shambles to oust Renzi? ROME‚ Italy - On December 4th‚ Italy’s anti-establishment party‚ the Five Star Movement (M5S)‚ can take a giant leap towards taking control of the country thanks to high-stakes referendum which threatens to topple the country’s Prime Minister‚ Matteo Renzi. Renzi has promised to step down as leader if his proposals to drastically reduce the power and influence of Italy’s upper house are rejected. Renzi says his proposals to slash the number
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The QC 7 Tools (seven QC tools) are the most popular tools‚ which are being used by quality conscious companies throughout the world for improvement of quality of products and processes. They form the fundamental foundation for all problem solving and quality control activities and are also an important element of Lean Manufacturing. They are used to analyze the production process‚ identify the major problems‚ control fluctuations of product quality‚ and provide solutions to avoid future defects
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