Question

answer all 4 questions

1) A manufacturing company produced 2300 shoes in one day. Standard price is $20 per shoe. Per day labor cost is $5000, material cost is $8000 and overhead costs $10,000. Determine the per day multifactor productivity for this company ? 2) List some of the dimensions (at least six (6)) that organizations strategize along for increased competitiveness ? 3) List at least four (4) types of problems that Manufacturing Planning and Control & Simulation Systems provide solutions to. Provide some of the solutions to the problems you identify ? PROBLEMS SOLUTIONS 4) Provide a model of the supply chain system, starting with the supplier's supplier, explaining briefly the components of this model?

Answer 1

1) The mutifactor productivity is given by the :

Multifactor Productivity= Total Output/Total Input

Thus, in this question, the total output is 2300 X 20= $46,000

The total input is $5,000+ $8,000+$10,000= $23,000

Multifactor Productivity= $46,000/$23,000 = 2

2) For increased competitiveness, companies strategize along the following dimensions:

1. Better customer service

2. Trying to acquire monopoly power in the concerned industry

3. Retaining skilled and loyal employees

4. Focusing on branding and promotions

5. Making the product/service internationally available

6. Making use of economies of scale