IET 4803 Assignment 4 Student Name Performance Evaluation and Management for Sustainability 1. An industrial organization is going to evaluate its performance through six main traditional measurements" product cost; manufacturing response productivity; HR appraisal; resource status, and quality control. It was noticed that the existing product cost equals $ 70.0 per unit and their target cost ranged from $60 to $80 per unit, current selling price equals $100.0 per unit, and they are looking to optimize the price to increase their competitive advantage in the market by $10 percent (590.0-$110 per unit) with keeping the same margin in profit. With this trend, the industrial organization wishes to minimize the manufacturing lead-time from 18 days to 14 days with keeping the average of 16 days. The organization is looking to increase the production rate from 2500 units per week to 3000 units per week with keeping the same resources (equipment, people...etc.) and maintaining 2600 units per week as an average. The organization is also looking to keep highly qualified people to minimize or eliminate the turnover rate which was currently estimated by five percent to be two percent at the optimal case and seven percent at the worst case. The availability of machines/equipment inside the plant are assessed as 85 percent and they are wishing to limit this value by 15 percent in the next years by updating and upgrading their maintenance team/crew. The quality department is also enhancement by applying new technologies and tools of inspection and testing from 10 defectives to 13 defectives out of 3000 units. Assess the S/SD index of performance evaluation. 2. The XYZ corporation is planning urgently to change the hierarchy of its management system. It is starting to identify a long strategic plan for 20 years with limit 15 years as a margin. Due to increasing the number of employees inside the XYZ corporation, they decide to increase the span level from 1:6 to 1:10-1:5 because it has very qualified managers and superintendents with limited the number of levels of hierarchical structure from 4 to 6 with keeping 5 levels as an average. The XYZ corporation follows a laissez-faire and democratic styles which socialists assigned it right now by 80 percent with limit of 10 percent. Attracting employees in the XYZ corporation is highly appreciated regarding qualified candidates for job vacancies and it was estimated through the top management level by 80 percent with a limit of 10 percent. Because the XYZ corporation is an international company, managing cultures between all employees is urgent in terms of sharing actions, values and beliefs which is estimated by 95 percent with a margin of 15 percent. Assess the S/SD index regarding liquidity of management. IET 4803 Assignment 4 Student Name Performance Evaluation and Management for Sustainability 1. An industrial organization is going to evaluate its performance through six main traditional measurements" product cost; manufacturing response productivity; HR appraisal; resource status, and quality control. It was noticed that the existing product cost equals $ 70.0 per unit and their target cost ranged from $60 to $80 per unit, current selling price equals $100.0 per unit, and they are looking to optimize the price to increase their competitive advantage in the market by $10 percent (590.0-$110 per unit) with keeping the same margin in profit. With this trend, the industrial organization wishes to minimize the manufacturing lead-time from 18 days to 14 days with keeping the average of 16 days. The organization is looking to increase the production rate from 2500 units per week to 3000 units per week with keeping the same resources (equipment, people...etc.) and maintaining 2600 units per week as an average. The organization is also looking to keep highly qualified people to minimize or eliminate the turnover rate which was currently estimated by five percent to be two percent at the optimal case and seven percent at the worst case. The availability of machines/equipment inside the plant are assessed as 85 percent and they are wishing to limit this value by 15 percent in the next years by updating and upgrading their maintenance team/crew. The quality department is also enhancement by applying new technologies and tools of inspection and testing from 10 defectives to 13 defectives out of 3000 units. Assess the S/SD index of performance evaluation. 2. The XYZ corporation is planning urgently to change the hierarchy of its management system. It is starting to identify a long strategic plan for 20 years with limit 15 years as a margin. Due to increasing the number of employees inside the XYZ corporation, they decide to increase the span level from 1:6 to 1:10-1:5 because it has very qualified managers and superintendents with limited the number of levels of hierarchical structure from 4 to 6 with keeping 5 levels as an average. The XYZ corporation follows a laissez-faire and democratic styles which socialists assigned it right now by 80 percent with limit of 10 percent. Attracting employees in the XYZ corporation is highly appreciated regarding qualified candidates for job vacancies and it was estimated through the top management level by 80 percent with a limit of 10 percent. Because the XYZ corporation is an international company, managing cultures between all employees is urgent in terms of sharing actions, values and beliefs which is estimated by 95 percent with a margin of 15 percent. Assess the S/SD index regarding liquidity of management