For a make or buy decision, the company produced the following fishbone diagram outlining problems with one
Question:
For a make or buy decision, the company produced the following fishbone diagram outlining problems with one of the new products. The company is considering paying considerably more just to buy the finished product from an external supplier.
Based on the fishbone diagram, give five relevant factors and suggestions that could lower the cost and improve efficiencies and effectiveness so that the company can be competitive by making the product.
Transcribed Image Text:
Equipment Specifications caused Technology issues Methods Poor advertising and high prices Poor design caused quality Materials Poor supplier communication Shortage of materials Manpower New salespeople Production coordination problems Problem: Weak sales of a product
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Relevant Factors 1 Cost to purchase finished product 2 Avoidable fixe...View the full answer
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Related Book For
Managerial Accounting
ISBN: 9780137689453
1st Edition
Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope
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