Question
i need list of qualitative and quantitative decision criteria and alternative decision criteria to the problem on the following case. Starlim is specialized in injection
i need list of qualitative and quantitative decision criteria and alternative decision criteria to the problem on the following case.
Starlim is specialized in injection molding production for small silicone parts and is the world largest processor of liquid silicone. These parts can be found in cars, baby products, and kitchen items which are visible and some are installed invisibly.
Description Of the problem:
The major concern about the project is the maintenance process of the machinery, where if there is any problem with the equipment then the only way to keep it back to running is by getting it serviced in Austria. This process leads to time investment, as they need to ship it to that country and it takes time for the whole process of servicing, shipment time, loading, and unloading the equipment. Cost investment is the amount of money invested in transportation and maintenance. Break down in the production line, which leads to pressure on another machine to complete the target.
Progress Made:
We have gathered information about how production is done both in Austria and London branch, apart from sending the equipment from London to Austria what is the alternative solution for such a case. For example, can we look for equipment that is manufactured in London or around Canada or find a technician by outsourcing who can fix any maintenance issues or by making precautions that will help in reducing the technical issues as well as set up a training base in London so that the employees are trained enough to get the equipment repaired?
Strength: As the world's largest processor of liquid silicone, Starlim has a competitive advantage over other companies in its industry. This allows the company to offer its products at a lower cost, which in turn could lead to increased sales and market share. Additionally, the company's experience and expertise in processing silicone could be leveraged to develop new products or enter new markets.
Weakness: Starlim's reliance on Austrian manufacturers for maintenance and servicing of its machinery creates a potential risk in terms of time and cost investment. If there is a problem with the machinery, the company has to ship it to Austria for servicing, which can take a significant amount of time. Additionally, the cost of shipping and servicing the machinery can be expensive, which could impact on the company's bottom line.
Opportunities: There is an opportunity for Starlim to explore other manufacturers in terms of sourcing machinery or outsourcing maintenance services. Additionally, setting up a training base in London could help to reduce the risk of machinery breakdowns. By outsourcing maintenance services, the company could save on time and cost investment. Additionally, training employees on how to repair and maintain the machinery could help to reduce the risk of disruptions on the production line.
Threats: The potential for machinery breakdowns could lead to production line disruptions and pressure on other machines to meet targets. This could impact the company's ability to meet customer demand and could lead to lost sales. Additionally, disruptions in the production line could lead to increased costs, as the company would need to hire additional staff to work overtime to catch up on production.
please add references
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started