Q$1$: Multi$-$Product Process Chart

Assignment $1$

Prepare a Multi$-$Product Process Chart for a product of your choice. The chart should include:

The sequence of operations for different components.

Key workstations and processes involved.

Material flow and integration points.

Any decisions on assembly or sub$-$assembly.

Use diagrams, flowcharts, or tables to clearly represent the process.

Q$2$: Make$-$or$-$Buy Decision Factors

Analyze the factors that influence a company's decision to:

i$)$ Manufacture components in$-$house

List at least five factors that influence this decision.

Explain the impact of these factors on cost$,$ quality, and flexibility.

ii$)$ Outsource components from suppliers

Identify key advantages and risks of outsourcing.

Discuss the role of cost$,$ expertise, and lead time in this decision.

iii$)$ Provide a real$-$world example

Select a company or industry where make$-$or$-$buy decisions play a critical role $($e$.$g$.,$ automotive, aerospace, electronics$).$

Explain the decision$-$making process, challenges, and outcomes with data if available.

Q$3$: Importance of Periodic Review of Make$-$or$-$Buy Decisions

Discuss why companies should regularly review their make$-$or$-$buy decisions.

Highlight technological advancements, cost changes, market conditions, and strategic factors that impact the decision.

Provide examples of companies that changed their approach due to industry shifts.