Homework Answers
SPI = (Cost of material + Non conformance cost) / (Cost of material)
Q1 SPI = ($450000+$53800) / ($450000) = 1.119
it implies the additional cost incurred by doing business with the supplier 11.9% higher (cost of unit is higher than others by 11.9%) than other suppliers. this is used to prioritize suppliers on the basis of cost and eliminate high cost suppliers.
Q Adj Factor = (Average cost of lot or delivery by supplier) / ( Average cost of a lot or delivery from all suppliers)
Q Adj Factor = ($450000/120) / ($2400) = 1.563
Adj SPI for volume = Total Value of deliveries + (Non conf Chgs * Q Adj Factor) / Total Value of deliveries
= ($450000+($53800*1.563)) / $450000 = 1.187
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