1) The manager of an automobile repair shop hopes to achieve a better allocation of inventory control efforts by adopting an A-B-C approach to inventory control. a) Given monthly usages in the following table‚ classify the items in A‚ B and C categories according to dollar usage: Item Usage Unit Cost 4021 90 $1‚400 9402 300 12 4066 30 700 6500 150 20 9280 10 1‚020 4050 80 140 6850 2‚000 10 3010 400 20 4400 5‚000 5 a) In descending order: Item Usage x Cost 4021 $126‚000
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Machining processes ECM Electrochemical machining (ECM) is a method of removing metal by an electrochemical process. It is normally used for mass production and is used for working extremely hard materials or materials that are difficult to machine using conventional methods.[1] Its use is limited to electrically conductive materials. ECM can cut small or odd-shaped angles‚ intricate contours or cavities in hardened exotic metals‚ such as titanium aluminised‚ Inconel‚ Waspalloy‚ and high nickel
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1. On 1st Jan’ 1988 Megha corporation issued eight percent 50‚ 00‚000 bonds of Rs 100 each at Rs 103. Issue cost was 0.5% of the amount raised. On 1st Jan 2008‚ Five years before its maturity the firm wanted to call the bonds at Rs 108. The corporation spent Rs 80‚000 on reacquisition of bonds. What accounting entries would be passed in the books of Megha Corporation? 2. On 1st January 2009 Shweta corporation purchased 10‚00‚000 of its fully paid shares at Rs 22 per share. On 20th January 2009
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LEAN MANUFACTURING SYSTEM HAS IMPROVED THE PRODUCTION IN LOADSTAR PRIVATE LIMITED SRI LANKA. S.G.LEWIS-Industrial Engineering Undergraduate( AIT‚ Thailand) ABSTRACT The purpose of this research is to explain how a Sri Lankan tire company named Loadstar private limited implemented Lean manufacturing system and how they improved their production through Lean manufacturing principles. This also provides you with essence of Lean manufacturing system used
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Manufacturing Systems in the Modernization of Manufacturing Manufacturing system‚ to understand manufacturing system it is first essential to appreciate the context of manufacturing. Manufacturing is the organized activity devoted to the tranformation of raw materials into marketable goods (B.Wu‚ 1996). Manufacturing is the transformation of material into something useful and portable. In the sector of industry‚ manufacturing is called a secondary industry‚ because this is the sector of a nation’s
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Production Planning and Control In any manufacturing enterprise production is the driving force to which most other functions react. This is particularly true with inventories; they exist because of the needs of production. In this chapter the relationship of production planning and control to work-in-process inventories is stressed. Objectives of Production Planning Control: The ultimate objective of production planning and control‚ like that of all other manufacturing controls‚ is to
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Riordan Manufacturing Production Plan Savita Boutot‚ Ken Eakin‚ David Hill‚ Nicole Hugley‚ Julie Hunt‚ Candice McDonald OPS/571 January 10‚ 2011 Ziad Simon Kassis Riordan Manufacturing Production Plan Riordan Manufacturing is a company that uses plastic injection molding to manufacture plastic bottles‚ fans of all sizes‚ heart valves‚ medical stents‚ and custom plastic parts. It has state-of-the art design capabilities to produce plastic product that have earned the company international
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PEMP EMM2517 Session 15 PPC in Pull Production Lecture delivered by: Vijaya Kumar S Kumar. Asst. Professor MSRSAS. MSRSAS S. Vijaya Kumar‚ MSRSAS M.S Ramaiah School of Advanced Studies - Bangalore 1 PEMP EMM2517 Session Objectives At the end of the session the delegate would have understood: Requirements of PPS in a Pull System. g y p How to design a new PPS system or adapt an existing planning system to a Pull environment. S. Vijaya Kumar‚ MSRSAS M.S Ramaiah School of Advanced Studies
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1 Make Through System It is the traditional method of manufacture in which an operator makes right through one garment at a time. The advantages and disadvantages of a make through system are shown in Table 1. The advantages of the Make Through The disadvantages of the Make Through System System are: are: 1. Quick throughput time. 2. Easy to supervise. 1. Low productivity. 2. High labour cost. 3. Only very experienced operators can be used. 4. It is a system only suitable in couture and sample
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investment‚ and increase market share‚ has Mayflower successfully adapted to the deregulated environment? Is it moving into markets with good prospects? What does your group think ? A1: Yes‚ Mayflower has definitely managed to adapt to the challenging new environment and come up with the best possible strategy. As mentioned in the given article that Mayflower was into transportation of corporation and domestic goods‚ but owing to the sensitive nature of the domestic goods market along with the problem
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