Rich Novelty Company identified the following activities in its production and support operations. Classify each of...
Rich Novelty Company identified the following activities in its
production and support operations. Classify each of these
activities as either value-added or non–value-added.
|
Activities |
||||
|---|---|---|---|---|
| (a) | Machine setup. | |||
| (b) | Design engineering. | |||
| (c) | Storing inventory. | |||
| (d) | Moving work in process. | |||
| (e) | Inspecting and testing. | |||
| (f) | Painting and packing. |
Homework Answers
Value adding activities are those activities which add the benefit of goods/service to the customer. Hence, in the given table in the question, we classify the inputs as following:
| (a) | Machine setup. | Non-value adding | |
| (b) | Design engineering. | Value adding |
Assuming the design is of the product and not relating to the machine used to produce. |
| (c) | Storing inventory. | Non-value adding | |
| (d) | Moving work in process. | Non-value adding | |
| (e) | Inspecting and testing. | Non-Value adding | |
| (f) | Painting and packing. | Value-adding |
Since print and package are forms of promotion, it adds value in the minds of consumers and also helps in differentiating the product from its competitor's |
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