What determines the choice of the competitive priorities that a company should emphasize for its key processes?
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MGNT 3430: Operations Management Discussion Questions Problems Work Crew Total Hours Shirts 1 Sud and Dud 24 68 2 Sud and Dud 46 130 3 Sud, Dud and Jud 62 152 4 Sud, Dud and Jud 51 125 5 Dud and Jud 45 131 a. Calculate the labor productivity (i.e., partial productivity) ratio for each week. # of Workers Input (Labor-hours) Output (Shirts) Output/Input Ratio 1 2 24 68 2.83 shirts/hours 2 2 46 130 2.83 shirts/hours 3 3 62 152 2.45 shirts/hours 4 3 51 125 2.45 shirts/hours 5 2 45 131 2.91 shirts/hours b. Output per person does not vary much whether it is Sud, Dud, or Jud working. Productivity declines when all three are present. Perhaps there isn’t enough work to keep three persons occupied, or perhaps
there is not enough work space or equipment to accommodate three workers. Q3 (p. 26). CD players are produced on an automated assembly line process. The standard cost of CD players is $150 per unit (labor, $30; materials, $70; and overhead, $50). The sales price is Productivity = • 10% productivity improvement → 2.00 × 1.10 =
2.200 Productivity = • The cost of inputs must decrease by $150 − $136 = $14. You May Also Find These Documents Helpful
Related TopicsHow do you determine a company's competitive strategy?This is typically done by evaluating strengths and weaknesses of competitors and seeing where you can fill in the gap or step up and improve. Companies develop a competitive edge when they produce attributes that allow them to outperform their competitors.
What is competitive priorities of a company?Competitive priorities are defined as the dimensions that a firm's production system must possess to support the demands of the markets in which the firm wishes to compete [24]. Reference [25] identifies six criteria which act as competitive priorities: quality, cost, delivery, flexibility, customer focus and know-how.
What are the three 3 determinants of competitive advantage?Michael Porter, the famous Harvard Business School professor, identified three strategies for establishing a competitive advantage: Cost Leadership, Differentiation, and Focus (which includes both Cost Focus and Differentiation Focus)[1].
What is the most important competitive priority?Delivery time or speed is considered an important competitive weapon. Organizations today compete with each other for delivering a better quality of products/ services in a shorter time as much as possible. So, we can say that this competitive priority's main focus is on speed i.e. fast delivery and timely delivery.
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