According to the article, “The new and upgraded facilities were essential to unlock the plant’s installed capacity of 200 000 vehicles per year…”, and “The expanded production for the Next-Gen Ranger also contributed to significant job creation [with] the addition of a third production shift at the Silverton plant in 2022. A total of 1 200 jobs were added for the new shift, taking Ford’s total workforce to 5 500 employees.” Each employee at the Silverton plant worked 8 hours per day for 300 days during 2022. Required: 3.1. Suppose that 5 000 employees were directly involved in the production of the 200 000 at the Silverton plant during 2022, calculate the expected labour productivity at the Silverton plant in terms of vehicle per labour hour (round off answer to four decimal places). 3.2. The information provided below relates to the operations at the Silverton plant (after the expanded production) during the 2022 financial year: INFORMATION Production volume 200 000 vehicles Total labour cost 5 500 workforce @ R200 per hour each Material cost per vehicle R15 000 Total manufacturing overhead R9 000 per vehicle Design and other production expenses R3 000 per vehicle If the average ex-factory price of the Next-Gen Ford Ranger vehicle produced at the Silverton plant in 2022 was R400 000, calculate the multifactor productivity after the expanded production (round off answer to two decimal places). 3.3. Suppose that the multifactor productivity at the Silverton plant before the expanded production was 9.25, determine the multifactor productivity (MFP) growth rate (round off answer to two decimal places).
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Study the information provided below and answer the following questions.
INFORMATION
According to the article, “The new and upgraded facilities were essential to unlock the plant’s installed capacity of 200 000 vehicles per year…”, and “The expanded production for the Next-Gen Ranger also contributed to significant job creation [with] the addition of a third production shift at the Silverton plant in 2022. A total of 1 200 jobs were added for the new shift, taking Ford’s total workforce to 5 500 employees.”
Each employee at the Silverton plant worked 8 hours per day for 300 days during 2022.
Required:
3.1. Suppose that 5 000 employees were directly involved in the production of the 200 000 at the Silverton plant during 2022, calculate the expected labour productivity at the Silverton plant in terms of vehicle per labour hour (round off answer to four decimal places).
3.2. The information provided below relates to the operations at the Silverton plant (after the expanded production) during the 2022
financial year:
INFORMATION
Production volume 200 000 vehicles
Total labour cost 5 500 workforce @ R200 per hour each
Material cost per vehicle R15 000
Total manufacturing overhead R9 000 per vehicle
Design and other production expenses R3 000 per vehicle
If the average ex-factory price of the Next-Gen Ford Ranger vehicle produced at the Silverton plant in 2022 was R400 000, calculate the multifactor productivity after the expanded production (round off answer to two decimal places).
3.3. Suppose that the multifactor productivity at the Silverton plant before the expanded production was 9.25, determine the multifactor productivity (MFP) growth rate (round off answer to two decimal places).
3.4. By extracting relevant evidence from the article, suggest TWO possible reasons for the productivity growth that has taken place at the Silverton plant as evidenced by the answer obtained in question 3.3 above.
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