Question: Vortex Consulting has issued a report recommending changes for its newest high tech manufacturing client, Precision Instruments. Precision currently manufactures a single product, a surgical

Vortex Consulting has issued a report recommending changes for its newest high tech manufacturing client, Precision Instruments. Precision currently manufactures a single product, a surgical robot that is sold and distributed internationally. The report contains the following suggestions for enhancing business performance:i (Click the icon to view the recommended changes.)RequirementLink each of these changes to the key success factors that are important to managers.Recommended ChangeDevelop a more advanced cutting tool to stay ahead of,a, competitors.Recommended ChangeAdopt a TQM philosophy to reduce waste and defects to nearb. zero.Key Success Factors)Key Success Factors)Recommended ChangeReduce lead times (time from customer order of product to customer receipt of product) by 20% in order to increasec. customer retention.Recommended ChangeRedesign the robot to use 25% less energy, as part of Vortex'sd. corporate social responsibility objectives.Recommended ChangeBenchmark the company's gross margin percentages againste. Its major competitors.Key Success Factor(s)Key Success Factor(s)Key Success Factors)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!