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Objective: This activity has the purpose of helping students to analyze the production, operating and marketing factors of Gizmo inc. Student Instructions: Read the case study ingenious Contrivances in order to answer the questions After your reading, choose one(1) question to answer and submit the question in Blackboard, Should Gizmo adopt the initial figures as its production plan? 2. Has any necessary information boon overlooked? Should the theoretical model be modified? What production operating and marketing factors could alter or influence this decision? Read your classmates comments and write comments for at beast two (2) of your classmates writings . The value of the activity is 20 points The deadline for the questions can be found in Tools located in Calendar in the Blackboard platform Gemo, Inc. produced a myriad of metal and plastic kitchen utensils its product line is in continuous flux, because the company is constantly adding new products and in its ability to create a kitchen tenfor overy conceivable needSuccess has come from a continuous offering of 'never heard of before but can't live without contrivancos. Hence, heavy emphasis is placed on product innovation and market leadership Gizmo is undergoing development of a vegetable steamer for microwave overs. The steamer can be inserted in almost any se cooking container. It can expand to those of the cooking appliance and Collapse for storage Since Gamo has a wide array of products, it is important that the items be produced on a regular cycle. Given the short product life of many items, as well as small annual sales of others. Gizmo avoids purchasing equipment that would be dedicated to a specific product Fortunately, the engineering and production managers have determined that the steamer is producible on existing equipment, since it is simply a modification of a straining utense that has been in production for several years The critical decision is the scheduling of production for the steamer A determination must be made for these and the frequency of the production run Varous Gizmo departments have been consulted Marketing is excited about the prospects for the steamer and expects sales during the first year to be 50.000 units Production has issued the following estimates. 5200 setup cost $5 per unit production cost and 1000 units per day production capability for the 250-day operating year Inventory control estimates an annual holding cost of $0.80 per unit. Applying the concept of scheduling in economic quantities, a production run of 5500 units approximately 9 times a year is deemed appropriate Mr Kaser the general manager hos reservations. He has just finished reviewing a product proposal for an item that would compete for machining time with the steamer and the strainer. He is also having dificulty ascertaining his actual production capability and questions the validity of the capacity figures. He wonders of basic operating principles are being overlooked