Summary: The company had established monopoly in the market for the product,large sliding doors. A single customer accounted for ninety percent of the business of the company. Later on there were new entrants into the market. The company faced major competition from a new player who worked seriously to capture the existing market share of the company and lure the major customer. The company president feared that the new competitor might underbid the company and take away the major customer. The vice president was instructed to cut production costs and increase efficiency. The son of company president had ...
Essays on Shop Floor
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Question 1
5S is the business model that supports the improvement of working environments, concept of business and leads to increase in quality and value (i.e. the final goals of a company). 5S is the acronym of five Japanese words, such as Seiri (sort), Seiton (order), Seiso (cleanliness), Seiketsu (standardization), and Shitsuke (sustainability) (Gürel, 2013). It can be used effectively in the hotel setting. For instance, in the context of kitchen of a hotel Seiri refers to the organization of working stations and equipment. The purpose is the reduction of wastages and losses i.e. apprentice throw away the wastages in ...