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please solve 5 and 6 Your company is a manufacturing company specializing in machining processes. Your company has received a contract to supply the below
please solve 5 and 6
Your company is a manufacturing company specializing in machining processes. Your company has received a contract to supply the below mentioned part to one of your important customers. The contract and manufacturing data is as below: Part Name Monthly Ordered Quantity Supply (Contract) Period Supply Frequency Agreed Selling Price With Customer Purchased Part Price From Vendor (Casting) : Costs: Direct Labour Cost per Person Direct Consumable Cost (total) Indirect Cost (Overhead \& Administration) Fixed (Depreciation) Cost Available Production Time Normal Cycle Time Allowance Factor Rejection Plate Cover 16,000 pcs. 5 years weekly at equal quantity $4.00/ piece $2.50/ piece $0.15/min $0.10/min 50% of Total Direct Cost Depend on chosen machines 80 hours/week No excess inventory is allowed. See tables 15% Assume zero reject Note: NT includes loading \& unloading time ( 1/3 of NT). Note: All machines are depreciated over the contract period. Based on the data given: 1) Select the best type of manufacturing system to be adopted and state your reasons for selection. 2) Describe the manufacturing processes and their flow. 3) Show the layout of your manufacturing facilities. 4) Proposed the manufacturing supports system and state reasons for having such functions. 5) Show your production capacity. 6) Calculate the unit profit and the yearly profit of your business. What is the payback period (in months) of your investmentStep by Step Solution
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