Question $1$

$1\mathrm{.}1$ As the inventory manager for a company that manufactures specialized industrial

equipment, you oversee a number of raw materials and finished goods. Recently, senior

management has raised concerns about the rising costs associated with inventory management.

Your goal is to provide information that will help reduce overall inventory expenses without

disrupting production or compromising customer satisfaction. Which three components of

inventory management would you consider in reducing costs and justify your answer. $(4)$

$1\mathrm{.}2$ A study of maintenance operations among commercial airlines revealed that

approximately $45\%$ of the aircraft components removed for repair or replacement were found

to be not defective. This has led to unnecessary expenditures and increased aircraft downtime.

What could be the three main causes of this issue and justify your answer. $(4)$

$1\mathrm{.}3$ You are a manager at a company that manufactures advanced medical imaging

equipment used in hospitals. One of the company's machines has been facing criticism due to

the time it takes to repair the machine and the complexity involved in repairing even minor

faults. Technicians report that repairing a single faulty component often requires disassembling

large sections of the machine, leading to extended downtime and increased costs. Which

element of maintainability would you consider when improving on the design of the machine.

Please justify your answer. $(3)$

$1\mathrm{.}4$ Provide an example of the raw materials of a production process of your choice.

$(2)$

$1\mathrm{.}5$ Explain why the consideration of human error in maintenance is important.

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