Explain why determining the “right quality” is important for the purchasing and supply function in a business such as Terex Corporation.
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erex Corporation is a global manufacturer of aerial work platforms and materials processing machinery. They design, build and support products such as large lifting equipment used in construction. The company makes most pieces to order and customizes them to meet customers’ unique preferences.
Terex maintained a manual system for yard management at their transfer centre in Washington that is always full of lifting equipment, which generated excessive costs for what should have been a relatively simple process of locating customers’ units to prepare them for delivery. A wallboard and sticker system was a low-tech solution for identifying equipment items in the yard at Terex. While inexpensive in itself, the solution cost around six minutes every time an employee had to locate a unit in the yard. It also required a considerable number of hours to be spent each month taking physical inventories. After a successful pilot, the company approved a new solution, replacing stickers, yard maps, and wallboard with electronic tracking and digital inventory management. This saved the company around 70 weeks per year in labour costs, by cutting the process-time down from six minutes, to a mere 30 seconds per unit.
1 - Explain why determining the “right quality” is important for the purchasing and supply function in a business such as Terex Corporation.
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- Paul Williams recently joined XYZ2 Limited as the head of accounting department. Williams spent the first few weeks to analyse the account information system. Based on this analysis, Williams is concerned about the purchase system of XYZ2 Limited. Here is the details of purchase system. The purchasing agent of XYZ2 Limited periodically checks inventory levels from a computer terminal, which is connected to a central accounting system. The agent searches the inventory file for items that need to be ordered. He then selects a supplier, prints a hard copy of the purchase order, and mails it to the vendor. The clerk files one copy of the PO in the department and sends a second copy to the AP Clerk. When the inventories arrive at the receiving department, a receiving clerk reconciles the items with the packing slip, inspects them for condition, and manually prepares a three-part receiving report. The clerk sends one copy to the purchasing department to close out the open PO, files one…sustainability issues present in the restaurant order fulfillment process in Exhibit 7.6 to 7.11Sherwood Store is a retail grocery store chain with a central distribution center and 14 retail stores in a major metropolitan area. Managers at all levels at the headquarters office, at the distribution center, and in the retail stores use reports generated from various information systems. One of the important information systems is the inventory system that keeps track of physical inventory by product line. Sales information gathered at point-of-sale checkout terminals is used to update inventory levels. At the end of each day, the store manager receives a reorder report indicating which items in inventory have reached their reorder point and need to be reordered from the distribution center. The inventory system also includes a report of items on order by product line, prices, and expected delivery dates. Each department manager within each store develops a sales plan that indicates the expected sales volume for each item for the subsequent week. Actual sales for each item are…
- Mr Smith is working as the director of credit collection department at SISHGC Building Supplies Limited. The credit collection department recently shifted from the legacy system to a new system that was installed four months ago. Mr Smith is not happy with this newly installed system. His complaint is that the data flow from the billing and account receivable departments is not occurring in the manner originally requested. Further, the updates to the database files are not occurring as frequently as he had envisioned. Thus, the hope that the new system would provide more current and timely information has not materialised. Mr Smith claims that the systems analysts spent three days interviewing him and other workers in his department. During that time, he and the other workers thought they had clearly conveyed their needs. At this stage, Mr Smith feels as if their needs were ignored, and their time was wasted. Required: Identify the issues in the system design process. How can these…How can you keep track of where SKUs are at any given timeWhatYouNeed is an online retailer with operations in Northern Indiana. Their network includes five big warehouses. All of the warehouses are fully automated: packaging is performed by robots on top of electric conveyors. Although the company has saved a lot in labor costs by the use of this packaging line, it has resulted in some excessive waste of material. After some analysis of this waste issue, the company has discovered that the number of product types that are assigned to the packaging line is strongly correlated with the amount of wasted material. Based on this insight, their operations manager has built a mathematical expression that estimates the expected amount of waste from the packaging line as a function of the number of product types in it. The expression is as follows: W = (n-93)2 – (n-88) + 227 In this expression, n is the number of product types you are packing on the line and W is the hourly waste of packaging material (in lbs). Based on this expression, what is the…
- WhatYouNeed is an online retailer with operations in Northern Indiana. Their network includes five big warehouses. All of the warehouses are fully automated: packaging is performed by robots on top of electric conveyors. Although the company has saved a lot in labor costs by the use of this packaging line, it has resulted in some excessive waste of material. After some analysis of this waste issue, the company has discovered that the number of product types that are assigned to the packaging line is strongly correlated with the amount of wasted material. Based on this insight, their operations manager has built a mathematical expression that estimates the expected amount of waste from the packaging line as a function of the number of product types in it. The expression is as follows: W = (n-93)2 – (n-88) + 227 In this expression, n is the number of product types you are packing on the line and W is the hourly waste of packaging material (in lbs). Based on this expression, how much will…The mailroom receives checks and remittanceadvices from customers in payment of their accountsreceivable. The clerk reviews the documents for completenessand correctness, sends the checks to thecash receipts department, and sends the remittanceadvices to the AR department. The AR clerkreceives the remittance advices and updates the customers’AR records from the PC in the AR department.The cash receipts clerk receives the checks andposts them to the cash receipts journal from the PCin the department. The clerk then sends the checks tothe bank for deposit.RequiredPrepare a system flowchart of the proceduresdescribed previously.Undertone Boating and Marine supports retail boat and water craft centers on the east coast by supplying them with quality power-boat and sailboat parts such as motors, oil filters, bildge pumps, boat covers, etc. The company’s 140 sales representatives work exclusively in the field visiting client company locations and submitting sales orders from laptop computers via an Internet connection to the corporate offices in Delaware. All of Undertone’s sales orders are received in this manner. Customer account, sales history, inventory, and cash receipts records are stored on a central server at the corporate site. Customers are billed digitally from the corporate office on a net 30 basis. Required: Outline the access controls that would be appropriate for this situation. Explain why these controls are necessary
- The Finishing Department had 5,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 15,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,000 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing.What are the equivalent units of production for the conversion costs during the period? 17,100. 14,500. 15,100. 16,500.Which of the following functions is not done by WMS: Select one: a. Shipping and receiving b. Route optimization c. Order picking and fulfilment d. Inventory trackingClothes company wants to create an Ordering system They would like to involve with this system the following four external entities Customer, Clothes Store, Clothes Supplier, and the Soles Manager The following are the main data will flaw through this system Chestomer Order, Receipt, Clothes Order, Receipt, Clothes Order, and Management Report There are three main processes for this system. Order Clothes, Generate Reports, and Order Invertory. On the other hand, the data flows for these process are: Order, Bill Order, Order, Inventory details, Inventory details, Orders, Reports, Inventory Order, Inventory Order, Inventory detaile. 1. Draw the context DFD for this system 2 Draw a Logical Data Flaw Diagram level