This website uses cookies to ensure you have the best experience. Learn more

Widget Production Paper Provide , A Cost Benefit Matrix That Compares The Alternative, The Effects The Alternative Will Have On Productivity, Possible Benefits Of Using A Network Strategy To Streamline Operational Procedures

1256 words - 5 pages

Untitled

Widget Production Paper

Widget Production Paper

Employees at Taylor Inc. spend 27% of their total labor time in walking by assembly lines to acquire parts needed in the production of their tasks. They are also required to lift containers that weigh an average of 42 pounds. A total of 17 employees are required on the assembly lines. Employees average hourly cost is $43.00 per hour with a current output of 208 finished products per each 8 hour shift. Taylor Inc. has a current situation where they incur in an average of 4 workers compensation claims per year in back injuries due to lifting. Each claim costs the company an average of $109,000 per employee, not to mention the fact that the employee is out of work for an average of 280 hours and they have to be replaced to maintain production. Throughout this essay I will discuss one of two options I chose as a solution for Taylor Inc.

In order for Taylor Inc. to improve productivity and at the same time have a cost effective alternative, their best choice is alternative one. Although alternative one is not the cheapest one in the long run it is cost effective. Alternative one requires a capital investment of $1,300,000.00 which is $333,000.00 more expensive than alternative two but increases production to 392 widgets per eight hour shift. It requires employees to lift an average no greater than 12 lbs. and requires 26% less wasted motion.

The benefit of using this streamline operational procedure is that alternative one requires only six employees in the assembly line which saves Taylor Inc. $3,784.00 per employee in labor wages per eight hour shifts and this alternative estimates workers compensation claims to decrease to 0.3 per year. A comparison of both alternatives was provided by...

Find Another Essay On Widget Production Paper provide , a cost-benefit matrix that compares the alternative, the effects the alternative will have on productivity, possible benefits of using a network strategy to streamline operational procedures

The Effects That Stress Might Have on Individuals, A Survery

1390 words - 6 pages Introduction I have designed a questionnaire that I sent out to colleagues within my work place. The questionnaire demonstrates the outcome of Stress management focusing on the effects stress may have on the individual. The aim was to assess their own time and stress management in their work place, determine if they are confident with their own time and to ascertain what causes them to feel stress during their day to day tasks. The relationship

Discuss the changing business environmental factors that can have possible effects on the operation, use and development of HRIS

1358 words - 5 pages protection of the organization's remuneration strategy and planning confidential, another factor affecting the development of the system.As discussed, the many environmental factors that have a major impact on the design, development and use of HRIS will continue to do so as the positions of the global economy is unpredictable, legislations will continue to be updated, new laws will be enforced and so on. There also seems to be no end to new

Benefits of Alternative Dispute Resolution

2283 words - 9 pages plaintiffs, approximately 40 potential defendants, several government agencies, and nearly 200 attorneys, represents a dazzling display of the potential impact of the sophisticated use of ADR in complex cases.” Cost According to Bakke-Norman law offices cost savings will depend on the complexity of the case, the timing of the ADR effort and which method that you use. It can also depend on if you win the ADR or not. If the ADR is submitted early

Using Alternative Energy Sources in the United States

2227 words - 9 pages the way our nation has been using energy. The United States have relied on other countries to gain knowledge with their energy sources. China is one huge partner that helps them out a lot. They have experimented with many different alternative energy sources and have given the U.S lots of helpful information for improving our energy demands. Even though we already meet most of our energy requirements, we still look into improving it everyday

Introduction to Production and Operational Management.. the reaserch was required to be done thru internet without using books

3322 words - 13 pages alternative realistic solutions. This means doing extensive research into the nature of the problem and discovering what alternatives would be a good fit.5. Weigh the best alternative. This requires extensive evaluation and comparison using a cost benefit analysis.6. Choose a solution. After conducting extensive research, a decision will have to be made regarding an optimal solution. Managers operate within an environment of incomplete information

Discussion of the effects of employee benefits on cost and workforce quality

2889 words - 12 pages provided can range from bonuses for performance to different insurances to discounts or even material gifts. It depends on the company, market and employee structure and needs which benefits will provide the best effects on performance and company culture. Benefits can also be used to increase employee loyalty, by providing more than do others, thus relieving their company of costs associated with finding a replacement.Some benefits may seem

Some Of The Effects That Peer-Pressure Have On Teens

1448 words - 6 pages Some Of The Effects That Peer-Pressure Have On Teens Teens are effected in so many ways by peer pressure is social pressure by member of ones peer group to take a certain action, adopt certain values, or other wise conform in order to be accepted. Peer pressure effect different teens in different ways. Teen are often being pressured into using drugs, having sex, drinking and bullying, the list goes on. When the peer pressure becomes

Alternative Dispute Resolution (ADR)clause that can be used by a learning team to resolve disagreements among the learning team members

751 words - 3 pages Alternative Dispute ResolutionAlternative Dispute Resolution (ADR) is an increasingly popular option that allows people to resolve disputes outside of court in a cooperative manner. ADR can be faster, cheaper and less stressful than going to court. Most important, the use of ADR can provide greater satisfaction with the way disputes are resolved. The writer will discuss how ADR clause can be use in the learning team.The learning team is an

A Study on Effects of Different Levels of Aloe Vera Gel as an Alternative to Antibiotics on Performance and Ileum Morphology in Broilers

1008 words - 4 pages According to the results obtained on feed intake in different periods, it can be seen that the Aloe vera groups have the highest level of feed intake compared to the control group and this leads to increased body weight gain in these groups in comparison to the control group. Olupona et al. (2010) reported increased feed intake in groups which were treated by Aloe vera gel solved in water (15, 20, 25, and 30 cm3/dm3) as body weight gain rose

Factors that have an Impact on the Cost of Higher Education

1811 words - 7 pages costs exploded from a deflationary percentage in fiscal year 2010 to an eight and two-tenths percent inflation rate. It would constitute an upswing of 950 basis points. Still, utilities costs increased even more. With so many increases across the aboard, it comes as no surprise that the cost of colleges and universities are steadily rising. Over the past ten years index values for Administrative Salaries, Fringe Benefits, and Utilities have

The Effects of Climate, Environment, and Cost Impacts Have on Construction

1731 words - 7 pages have an affect when constructing a house? While most will say area does not have a big effect or any effect at all of where a house is constructed, area does infact have a big effect actually a huge effect on where you can construct your house. In The United States (U.S) there are areas such as New Orleans, Hawaii, and Alaska that are common to tsunamis. Majority of tsunamis occur to areas bordering the Pacific Ocean, even countries such as Japan

Similar Essays

The Benefits Of Complementary And Alternative Medicine

1661 words - 7 pages or her healthcare provider of any CAM therapies or medicines they are using. To conclude, complementary and alternative medicines have many risks and benefits. Some therapies that work for one person may not work for another, just like conventional medicine. Regardless of what method—CAM or conventional—a person uses to promote their health, they should be sure the method works for their individual needs. References Acupuncture: An

The Effects Of Conduction In Heat Saving Devices (Build A Heat Saving Device That Will Allow A Beaker Of Boiling Water To Maintain The Highest Possible Temperature.)

1346 words - 5 pages given an assignment to build a heat saving device. The key is to figure out what combination of insulation will benefit all three transfers while doing the least amount of 'damage'The objective of this experiment is to build a device that optimizes the insulation and minimizes the amount of heat lost from 150mL of water originally at 100 degrees Celsius. The water is boiled in a beaker, then poured into another beaker and sealed into the device for

The Effects Of Alternative Families On Social And Emotional Development

1755 words - 8 pages , same-sex parents and split families. The main development areas that this essay will be analysing are the Emotional and Social Development of a child. However, does an alternative family structure affect the social and emotional development of a child? First, we need to define what alternative families are to continue in completing the essay. An alternative family differs from the traditional representation of a family. Examples of alternative

What Are The Alternative Products That May Attempt To Improve The Sustainability Of Tourism And The Limitations There May Have?

2359 words - 9 pages easy" package to Singapore in three to six days, including two-way air tickets, three-star hotel room and transportation fee from airport to hotel and vice versa. Some tour operators have put Sentosa as a destination that tourists will definitely want to drop by, by putting visual effects and appraisals in the advertisement.Singapore government is one of the very few governments, which allow customers/ tourists to declare the tax. The tax in