Toyota still maintains voluminous books of Design for Manufacturing (DFM) checklists to guide design work. These checklists act as the first cut at designing manufacturable new products that use common parts across platforms. Engineering checklists contain detailed information concerning any number of aspects, including functionality, manufacturability, government regulations, and reliability. Engineers use the DFM checklists to guide the design throughout the development process. The checklists are particularly important for the intensive design reviews that every vehicle program undergoes. Hundreds of engineers come together to study a vehicle or prototype at key junctures, looking for problems and opportunities for improvement. What keeps these extremely large meetings from becoming chaotic is that all engineers come with a list of all the items they need to verify from their perspective. If the design conforms to the checklist, the part is highly likely to meet a certain level of functionality, manufacturability, quality, and reliability. If it does not, discrepancies between the checklists and the design become the focal points of discussion among the divisions. The design review checklists are another example of using written forms of communication to improve face-to-face meetings. Once in place, design standards add predictability across vehicle subsystems, and between product design engineers and manufacturing engineers. The engineer responsible for audio speakers, for example, can take advantage of existing specifications for door sizes and door components and can begin designing speakers without coordinating directly with the other engineers working on door components. As a result, Toyota is able to bring new products to market quickly, as it demonstrated with the RAV4 mini-sport-utility vehicle, which was brought to market in 24 months, carved out a new product niche in Japan, but still drew on Based on Toyota Case Study above, answer the following questions: (a) Propose with examples, THREE (3) main benefits of Design for Manufacturing (DFM) implementation in automobile industry. Anarks (b) Illustrate the effects of 'Economic of Scale' on new product manufacturing cost. ( marks) (c) Toyota was one of the pioneer in introducing hybrid car and accomplished first mover advantage with the 'Toyota Prius' model. Distinguish TWO (2) determinants which made first mover advantage critical to business success.

Answers

Answer 1

The first mover advantage in the hybrid car market allowed Toyota to leverage technological leadership, establish a unique market position, and build a strong brand image, contributing to its business success in the hybrid car segment.

(a) Three main benefits of Design for Manufacturing (DFM) implementation in the automobile industry are:

Improved Efficiency: DFM helps streamline the design process by considering manufacturing constraints and requirements early on. By designing products with manufacturability in mind, companies can optimize production processes, reduce assembly time, minimize material waste, and improve overall operational efficiency. For example, designing parts that can be manufactured using common manufacturing techniques or existing equipment can lead to cost savings and faster production.

Cost Reduction: DFM aims to eliminate unnecessary complexity and optimize the use of resources. By designing products that are easy to manufacture, assemble, and maintain, companies can reduce production costs. For instance, designing components with standardized dimensions and using common parts across different vehicle models can lead to economies of scale and lower procurement and inventory costs.

Enhanced Product Quality and Reliability: DFM focuses on ensuring that designs meet quality and reliability standards. By considering factors such as functionality, government regulations, and reliability during the design phase, companies can identify potential issues early on and make necessary improvements. This leads to higher product quality, fewer defects, and increased customer satisfaction. For example, designing components that are robust and reliable can reduce the likelihood of failures or breakdowns, improving the overall reputation of the automobile brand.

(b) The effect of economies of scale on new product manufacturing cost is that as production volume increases, the average cost per unit decreases. This means that the more units of a product a company produces, the lower the cost per unit. This cost reduction is primarily due to spreading fixed costs (such as equipment and tooling) over a larger number of units.

For example, when Toyota introduces a new model, the initial manufacturing cost per unit may be relatively high due to the setup costs and investments required. However, as production volume increases, the fixed costs are distributed among a larger number of units, resulting in a lower cost per unit. This allows Toyota to achieve economies of scale and improve profitability.

Economies of scale also enable companies to negotiate better deals with suppliers due to their higher purchasing power. As production volume increases, companies can demand lower prices for raw materials, components, and other inputs, further reducing manufacturing costs.

(c) Two determinants that made first mover advantage critical to the business success of Toyota's introduction of the hybrid car (Toyota Prius) are:

Technological Leadership: By being the first mover in the hybrid car market, Toyota established itself as a technological leader in the industry. The Toyota Prius showcased the company's innovation and expertise in developing hybrid propulsion systems. This gave Toyota a competitive edge over other automakers and allowed them to shape customer perceptions and preferences towards hybrid technology. As a result, Toyota gained a reputation for being at the forefront of environmentally friendly and fuel-efficient vehicles, attracting early adopters and environmentally conscious consumers.

Brand Image and Market Positioning: Being the first to introduce a successful hybrid car allowed Toyota to position itself as a pioneer in sustainable transportation. The company's commitment to environmental responsibility and cutting-edge technology resonated with consumers who were seeking more eco-friendly alternatives. Toyota's first mover advantage enabled them to build a strong brand image associated with hybrid vehicles and establish themselves as a trusted provider of environmentally friendly transportation solutions. This early market positioning gave Toyota a head start and created brand loyalty among customers who valued sustainability and innovation.

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Related Questions

which of the following statements about the statement of cash flows are correct? (check all that apply.)

Answers

The following statements about the statement of cash flows are correct.

It is a detailed disclosure of individual cash flows.The purpose is to report cash receipts and cash payments during a period.

The correct options are A and C.

Why is separate disclosure of cash flow?

Separate disclosure of cash flows from investing activities is important because it represents the amount of money spent on resources that will generate future income and cash flows.

Cash flow is a measure of how much money a company brought in or spent over time. On the statement of cash flows, a common financial statement, cash flow is typically broken down into cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities.

Thus, the ideal selection is options A and C.

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Your Question seems incomplete most probably Your complete Question was:

Which of the following statements about the statement of cash flows is correct? (Check all that apply.) Check all that apply. It is a detailed disclosure of individual cash flows. In certain circumstances, it can replace the statement of retained earnings. The purpose is to report cash receipts and cash payments during a period.

Use the following payoff matrix to answer the questions. Numbers are in billions of dollars.
Boeing Enter Market Boeing Do Not Enter Market
Airbus Enter Market Airbus: -10 Boeing: -10 Airbus: 20 Boeing: 0
Airbus Do Not Enter Market Airbus: 0 Boeing: 20 Airbus: 0 Boeing: 0
(1) What is the minimum subsidy needed to get Boeing to enter the market?
i. $11
ii. $20
iii. $0
iv. $10
(2) In the absence of government intervention, which company/companies has/have a dominant strategy?
i. Both
ii. Boeing
iii. Airbus
iv. Neithe

Answers

(1) The minimum subsidy needed to get Boeing to enter the market is iii. $0. (2) In the absence of government intervention, iii. Airbus has/have a dominant strategy.

(1) To determine the minimum subsidy needed to get Boeing to enter the market, we need to identify the scenario where Boeing's payoff is greater than or equal to zero.

Looking at the payoff matrix:

Boeing Enter Market:

If Airbus enters: Boeing: -10

If Airbus does not enter: Boeing: 20

Boeing Do Not Enter Market:

If Airbus enters: Boeing: -10

If Airbus does not enter: Boeing: 0

From the matrix, we can see that the only scenario where Boeing's payoff is greater than or equal to zero is when Airbus does not enter the market and Boeing enters, resulting in a payoff of 20. Therefore, no subsidy is needed for Boeing to enter the market.

Regarding the dominant strategy, a dominant strategy occurs when a player's best decision remains the same regardless of the other player's actions.

(2) To determine if there is a dominant strategy, we need to compare the payoffs for each company in different scenarios.

Airbus Enter Market:

If Boeing enters: Airbus: -10

If Boeing does not enter: Airbus: 20

Airbus Do Not Enter Market:

If Boeing enters: Airbus: 0

If Boeing does not enter: Airbus: 0

From the matrix, we can see that regardless of Boeing's decision, Airbus's best payoff is achieved by entering the market, resulting in a payoff of 20. Therefore, Airbus has a dominant strategy of entering the market.

In the absence of government intervention, Boeing does not have a dominant strategy since its best decision depends on Airbus's action.

Therefore, the correct option for (1) is iii. $0 and the correct option for (2) is iii. Airbus.

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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

A fund seeks maximum capital appreciation by investing in common stocks of companies located outside the United States. The management selects well-established companies that are listed on their national stock exchanges and that have demonstrated high earnings potential. This information describes which mutual funds?

Answers

Answer:

ATF Overseas opportunity fund fund

Explanation:

A mutual fund can be described as a from of investment where investors come together to contribute resources towards investment that are managed by experienced professionals to minimize the risks and maximize returns.

There are different types of mutual fund guided by different rules .

The description given in the question best suit the ATF overseas opportunity fund. Even though it is closely related to the ATF capital appreciation fund , but while the ATF capital appreciation fund invests in small and medium sized company, The ATF overseas opportunity fund invest in an already established  listed companies that have already demonstrated high earning potential.

How do money and currency relate? a. They are interchangeable terms. b. Currency is a form of money. c. Money is a form of currency. d. Both refer to consumer debts.

Answers

The money and currency relate is option b. currency is a form of money.

What is a currency?

Currency is a medium of exchange that facilitates the trade of goods and services within an economy. It is typically issued and regulated by a government or central authority and can take various forms, including paper bills and coins. Currency serves as a unit of account, a store of value, and a means of payment. It allows individuals and businesses to buy and sell goods and services without the need for direct bartering, which can be inefficient and cumbersome. The value of a currency is determined by various factors, including supply and demand, economic conditions, and government policies. Currency exchange rates fluctuate constantly and can impact international trade and investment.

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Answer: B: Currency is a form of money

Explanation:

According to the environment industry organization for model cell 2 represents which of these environments

According to the environment industry organization for model cell 2 represents which of these environments

Answers

It should be noted that in the environment industry organization model, cell 2 simply means B. Complex stable environment.

The business or industry environment simply means the environment where an organization operates. It includes the customers, partners, suppliers, etc.

In the environment industry organization model, cell 2 simply means the complex stable environment.

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What are prenuptial contracts? jared and erika are getting married, but jared has children from a previous marriage. they decide to sign a that will provide for children from a previous relationship. jared also makes a to his will that gives erika his home.

Answers

An example of prenuptial contracts is when Jared and erika are getting married, but signed an agreement.

What is a prenuptial agreement?

A prenuptial agreement serves as a written contract that is been entered by two people before they are married. A prenup

Therefore, prenuptial agreement involves the both parties to come together and shared their past and agree

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Answer:

1 - prenuptial agreement

2 - codicil

Jared and Erika are getting married, but Jared has children from a previous marriage. They decide to sign a prenuptial agreement that will provide for children from a previous relationship. Jared also makes a codicil to his will that gives Erika his home.

Explanation:

I got it right on the test.

What are prenuptial contracts? jared and erika are getting married, but jared has children from a previous

An estate left the decedent's farm to eight grandchildren. Because no form of ownership was specified in the decedent's will, each of the grandchildren receives A) a right of possession to one-eighth of the property. B) a one-eighth interest in the property as a tenant in common. C) a severalty interest in one-eighth of the property. D) a joint interest in the entire property.

Answers

A right of possession to one-eighth of the property is what each of the eight

grandchildren will receive.

In cases where there is no will which specifies ownership then the estate will

have to be shared equally between the parties involved. They can however

do what they want with the share allocated to them.

In cases where there is no will and no relative, then it goes to the state. This

case involves eight grandchildren and it gives them the right to own one-

eighth of the property as a result of equal sharing.

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Most licensed architects are members of which association? A. ACSA B. AIA C. NAAB D. NCARB E. NVOB

Answers

Answer: It is B. AlA

Explanation:ALA is open to all architects and professions related to architecture. Our members hold individual memberships and specialize in all types of architecture.

what are the disadvantages of international trade?
Suggest measures to minimize the disadvantages of international trade.

Answers

Answer:

It enables a country to obtain goods which it cannot produce or which it is not producing due to higher costs, by importing from other countries at lower costs. (iii) Specially Foreign trade leads to specialisation and encourages production of different goods in different countries.

Explanation:

inorder to minimize the disadvantage , there should be privacy maintainence in the intellectual property, there should be balanced in domestic and international trade. the over use of natural resources should be controlled. there should be proper checking of the good and services before trading them inside country or in foreign country, etc

the principal of a mortgage loan is the

a. down payment minus the closing costs minus the purchase price
b. purchase price plus the closing costs minus the down payment
c. down payment plus the closing costs plus the down payment
d. purchase price minus the closing costs minus the down payment

Answers

The down payment less the closing charges less the purchase price is the mortgage loan's principle.

What does a mortgage look like in its simplest form?

When you enter into a mortgage with a lender, you give the lender the right to seize the property if they are unable to make the loan amount back plus the interest. You might be able to get a mortgage loan that will enable you buy a new house using the worth of the an existing home as security.

Why do individuals use mortgages?

Mortgage loans assist people in financing the purchase of real estate by taking a small portion of the property's overall worth as payment. How Do Mortgages Work A mortgage is a loan used to pay for the upkeep of a home, piece of land, or other kinds of rental properties.

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1.Jaz works part time in a bar. One |||
week she works for 15.5 hours this
week and she is paid £6.50 per
hour.
She also received £18.00 tips.
How much will she earn this
week?

Answers

Answer:

£118.75

Explanation:

Jaz earns £6.50 per hour

This week she worked 15.5 hours

Her total pay will be

= £6.50 x 15.5

= £100.75

She received £18.00, total earnings

= £100.75 +  £18.00

= £118.75

How does technical education play a vital role to develop the entire nation?

​pls- don´t lie


;)

Answers

Answer: Education is needed for jobs. If we dont have education people cant get certain jobs. Without certain jobs the world would fall into a pandemic.

Explanation:

Answer:

Technical education play a vital role to develop the entire nation by improvimg the well beimg of youth and communities.

It increases the productivity. It also helps to accelerate the pace of work and motivate the person towards his/her work.It creayes skilled manpower and improves the quality of life.

Just as reliability is necessary but not sufficient for validity, validity is necessary but not sufficient for.

Answers

If test scores are not dependable, they cannot be legitimate since they do not provide an accurate approximation of the ability or characteristic that the test is designed to assess. As a result, reliability is a required but not sufficient requirement for validity. Furthermore, reliability is a required but not sufficient condition for validity.

As a result, it is critical to examine the reliability coefficient from the standpoint of validity in order to better understand the relationship between reliability and validity and guarantee that the measure is both reliable and valid. Although reliability and validity are closely related, they have different meanings. A measurement can be both trustworthy and valid.

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Give (2) examples how we deal with "Scarcity"

Answers

Answer:

Either increasing supply or lowering demand

Explanation:

increasing supply:

e.g. when less developed countries (LDCs) experience a famine or drought, other countries can supply food and/or water to them

lowering demand:

finding alternative solutions of the product (that have the same effect as the original product) or reducing the reasons for why there is a high demand

- e.g. crops not growing well due to weather/crop disease going around -> find a crop that is more resistant to the disease (reducing reasons for demand)

- e.g. rice field has an infestation -> not yielding enough rice to feed the population -> population feels hungry and other foods cannot help them feel full/sustain them -> find another crop to substitute, like yam or potatoes that are equally filling (alternative solutions)

but these two are pretty much the same so

also please note I don't take any courses on supply and demand other than geography so I might be completely wrong

what are the are the three groups of the economy

Answers

There are three main types of economies: free market, command, and mixed.

Fred's health insurance premium is $4635 annually. if his employer pays 80% and he is paid monthly, how much is deducted from each monthly check? responses a. $35.65b. $77.25 c. $309.00 d. $927.00

Answers

Fred's employers  pays 80% of his insurance premium. The amount of insurance premium deducted from his monthly check is:  $77.25 (option b)

An insurance premium is the sum of money paid for an insurance policy by an individual or corporation.

In the given problem, the annual cost of the health insurance is $4635.

It means, the monthly cost is:

monthly premium = $4635/12 = $386.25

The premium payment is divided into:

- 80% paid by Fred's employer

- 20% paid by him.

The amount paid by his employer monthly:

= 80% x 386.25 = $309

The amount paid by Fred monthly:

= 20% x 386.25 = $77.25

Hence, the correct choice is $77.25 (option b)

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Discuss the role of the father in attachment theory

Answers

Explanation:

Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.

How does technology trends affect a pharmacy business?

Answers

Answer: Artificial Intelligence or Machine Learning.

Explanation:

Artificial Intelligence or Machine Learning offers multiple benefits such as data processing, enabling pharmacists to make quicker data-backed decisions, and improving customer service. With the Internet of Things, drug inventory management will be more accurate and faster; through device-to-device communication.

how can an organization successfully implement a saas solution?

Answers

Successful implementation of a SaaS solution involves defining requirements, choosing a compatible provider, providing training, and monitoring progress for a smooth transition.

How SaaS Solution can be Implemented?

To successfully implement a SaaS (Software as a Service) solution, an organization should begin by clearly defining its requirements, conducting thorough research to identify a suitable provider, and ensuring compatibility with existing systems.

Adequate training and change management efforts should be put in place to facilitate user adoption. Regular communication with the SaaS provider and monitoring of key metrics during the implementation process are crucial to address any issues promptly and ensure a smooth transition.

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It is not necessary, when rejecting a job candidate, to worry about how the rejection is worded, as it will have minimal, if any, impact on the organization. True False

Answers

i would say false……….

Which of the following is NOT a type of communication used in public relations?
1. Press releases
2. News releases
3. Press Conferences
4 Commercials

Answers

Answer: Commercials

Explanation: can i have brainest

“Creditors do not actually have to worry about their dues in case the business fails.” In which form of business is this possible? Which special feature is highlighted in this statement ?

Answers

Answer:

sole proprietorship

Explanation:

In simple words, Unique property could be described as a business framework controlled and run by a single individual, therefore there is no separate legal entity and his corporation. It is a form of basic business framework, which is usually used for individuals who start up some sort of corporation.

This is therefore the greatest suitable form of business for the statement of the problem, because in this framework there is really only one proprietor in the corporation who ensures his ultimate responsibility with all earnings, debt obligations and failures underlying in the commercial enterprise.

What is the value of the money multiplier when the required reserve ratio is: (a) 14 percent? (b) 10.5 percent?

Answers

(a) The value of the money multiplier when the required reserve ratio is 14 percent is approximately 7.14.

The money multiplier represents the potential increase in the money supply through the fractional reserve banking system. It is calculated as the reciprocal of the required reserve ratio.

Money Multiplier = 1 / Required Reserve Ratio

(a) When the required reserve ratio is 14 percent:

Required Reserve Ratio = 0.14

Money Multiplier = 1 / 0.14 ≈ 7.14

Therefore, the value of the money multiplier when the required reserve ratio is 14 percent is approximately 7.14.

(b) The value of the money multiplier when the required reserve ratio is 10.5 percent is approximately 9.52.

(b) When the required reserve ratio is 10.5 percent:

Required Reserve Ratio = 0.105

Money Multiplier = 1 / 0.105 ≈ 9.52

Therefore, the value of the money multiplier when the required reserve ratio is 10.5 percent is approximately 9.52.

In conclusion, when the required reserve ratio is 14 percent, the money multiplier is approximately 7.14, and when the required reserve ratio is 10.5 percent, the money multiplier is approximately 9.52. These values indicate the potential increase in the money supply through the fractional reserve banking system.

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What is the volume of a box that is 3 m long, 0.5 m high, and 2 m wide?

Answers

the answer is three! you simply multiply all three together!

Anybody else have a baby class in their school?

Answers

Answer:

no my school is boring hehehhe

Eddie Zambrano Corporation began operations on January 1, 20Y1. During its first 3 years of operations, Zambrano reported the followino: The following information occurred in the current year, 20Y. Income before income taxes, 20Y4 Discovery of an overstatement of 20Y2 expenses before income taxes Change in inventory Income tax rate for all years

Answers

Eddie Zambrano Partnership would report all out held profit of $230,000 in its December 31, 2017, monetary record.

To set up a held profit explanation, you can utilize the held income recipe: Beginning Retained Earnings are the sum of Net Income/Loss minus Dividends Paid.

Determine the initial balance of retained earnings.

Add overall gain.

Deduct profits paid out.

Find the balance of the retained earnings at the end.

Retained earnings as of December 31, 2011: $200,000 Net profit as of December 31, 2012: $50,000 Dividends paid as of December 31, 2012: $235,000 Retained earnings as of December 31, 2012:

Retained Earnings Statement of Eddie Zambrano Corporation for the Year Ended December 31, 2017 Beginning Retained Earnings $160,000 Add: Net Income $240,000

Less: Dividends paid out $100,000;

beginning adjusted retained earnings were $300,000

less: Confined Held Earnings $70,000

Finishing Held Earnings $230,000

The parties involved in an arrangement known as a partnership, or business partnership, agree to work together to advance their respective interests. The accomplices in an association might be people, organizations, interest-based associations, schools, legislatures or mixes. Partnering with one another can broaden a company's reach and increase the likelihood that both will accomplish their goals.

Either a contract or the issuing and holding of equity are options for a partnership. Organizations have a long history; In Europe and the Middle East during the medieval period, they were already in use. A 2006 article claims that Francesco di Marco Datini, a Prato and Florence merchant, formed the first partnership in 1383.

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another price adjustment strategy is ______________ pricing, where the company sells a product at two or more prices to accommodate different customers, product forms, locations, or times.

Answers

Another price adjustment strategy is "variable" pricing, where the company sells a product at two or more prices to accommodate different customers, product forms, locations, or times.

Variable pricing allows businesses to adjust their prices based on various factors and market conditions to maximize revenue and cater to different customer segments. By offering different prices for the same product, companies can capture additional value from customers who are willing to pay more or attract price-sensitive customers with lower-priced options. Variable pricing can take different forms, such as tiered pricing, dynamic pricing, or location-based pricing. Tiered pricing involves offering different product versions or packages at varying price points, allowing customers to choose the option that best fits their needs and budget. Dynamic pricing, on the other hand, involves adjusting prices in real-time based on factors like demand, competition, and customer behaviour. This approach allows companies to optimize their pricing to maximize revenue and respond to market fluctuations.

Location-based pricing considers variations in costs or customer preferences across different geographic regions. Companies may set different prices for products or services based on specific market conditions, such as local competition, customer demographics, or purchasing power. By employing variable pricing strategies, companies can effectively adapt to market dynamics and customer preferences, enhance profitability, and create tailored offerings to meet diverse customer needs. This flexibility in pricing helps companies optimize their revenue generation and maintain a competitive edge in the market.

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a firm might try to increase its market power in order to:______.

Answers

A firm might try to increase its market power in order to charge higher prices for the goods it produces.

A company can use a variety of strategies to increase its market share. These include increasing innovation, developing and maintaining customer loyalty, hiring a talented and dedicated workforce, acquiring other businesses, deploying effective advertising, and pricing products and services efficiently.

In order for a company to have market power, its products must have inelastic demand. This means that regardless of the price, there is a constant demand for the product. Businesses can achieve an inelastic demand curve by offering unique products and services that add value to the customer's life.

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this shows a lender, if you have a good track record of paying debts. A. loan B.profit planning C. SBA D. credit rating

Answers

Answer:

The big three C's – Credit, Capacity, and Collateral – are really the drivers how lenders determine who gets a loan, how much they'll loan, and what the interest charge will be.
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