Question: Dominion Consulting has issued a report recommending changes for its newest manufacturing client, Gibson Engine Works. Gibson currently manufactures a single product, which is sold
Dominion Consulting has issued a report recommending changes for its newest manufacturing client, Gibson Engine Works. Gibson currently manufactures a single product, which is sold and distributed nationally. The report contains the following suggestions for enhancing business performance:
a. Develop a rechargeable electric engine to stay ahead of competitors.
b. Adopt a TQM philosophy to reduce waste and defects to near zero.
c. Reduce lead times (time from customer order of product to customer receipt of product) by 20% in order to increase customer retention.
d. Negotiate faster response times with direct material suppliers to allow for lower material inventory levels.
e. Benchmark the company's gross margin percentages against its major competitors.
Required
Link each of these changes to the key success factors that are important to managers.
Step by Step Solution
3.47 Rating (170 Votes )
There are 3 Steps involved in it
Change in Operations Management Ac... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
1277-B-C-A-C-A(3652).docx
120 KBs Word File
