Reference no: EM132814233
Can you give some specific examples for the 7 determinants of Effective Capacity
Determinants of Effective Capacity
Following are the significant determinants of effective capacity, which should be considered while planning the capacity:
1. Facilities: Constitutes all amenities for expansion, including the location factors for the organization (which determine the transportation cost, distance from market), labour availability factors, resources and energy accessibility. These determine how smoothly tasks can be performed in any organization.
2. Product and Service Factors: These are the factors concerned with the output, and depict the quality and standardization of methods and material to be employed. On efficient management, they lead to a better designed capacity.
3. Process Factors: Efficient processes increase the quality and productivity, eventually leading to effective capacity. Process enhancement, along with the time it takes, is another factor to consider, which may increase the output rate because of the elimination of duplication of work, inspection and rework.
4. Policy Factors: Management strategies can explore or limit the potential of production as they define the criteria of work that should be performed. They directly influence the capacity options, such as product restrictions or overtime shift.
5. Operational Factors: These factors include scheduling, operational issues that arise due to differences among the equipment capabilities and the job requirement. There are several other areas which decisively impact the capacities and the productivity, including delay in deliveries, unmatched purchasing requirement, control over the processes and mechanisms, and inventory decisions.
6. Supply Chain Factors: Constituents of supply chain of any organization limit the accessibility to resources and the materials, and thus define the potential for producing commodities. Dependence on the suppliers is a vital determinant of the effective capacity of an organization.
7. External Factors: Include the efficiency and quality of performance factors in accordance with the predefined management opinion; they determine the edge of capacity.
|
What are the return point and upper control point
: The management wants to maintain a minimum cash balance of Rs. 3,500,000. What are the 'return point' and 'upper control point'
|
|
Main ideas around professional self-management
: Question 1b. Briefly explain one (1) method you would use to undertake self-appraisal.
|
|
Find what is the balance of cash account after first payment
: A balance sheet for the partnership of Mavi, Cong and Viy, who share profits in the ratio. What is the balance of cash account after the first payment?
|
|
Facilitate ongoing professional development
: Name few self-development opportunities that you would engage in order to facilitate ongoing professional development.
|
|
Determinants of effective capacity
: Following are the significant determinants of effective capacity, which should be considered while planning the capacity:
|
|
Find what was trade-in over-allowance granted to customer
: Find what was the trade-in over-allowance granted to the customer? Eveready Co. sells heavy-duty batteries, which cost P7,000, at a total installment price
|
|
Determine the Ending inventory and Cost of Sales
: A physical count on 30 June verified that 975 units were on hand. Determine the Ending inventory and Cost of Sales for the month of June
|
|
Determine the optimal production batch size
: Parts-R-Us Determine the optimal production batch size for the supplier.
|
|
Prepare the journal entry to record the sale for amplify inc
: Amplify Inc. purchased a patent on September 1, 2020. Prepare the journal entry to record the sale, assuming Amplify sold the patent for $ 21,690.
|