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In 2009 it was decided that ABC Tire Company

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Question;In;2009 it was decided that ABC Tire Company would implement a BPM project with;the goal to decrease the manufacturing cost per tire and increase revenue from;each tire sold.;To;track the success (or failure) of the project they determined the following baseline;data for 2009.;Total # of Tires Sold;Materials Cost Per Tire;Labor Cost Per Tire;Average Retail Price Per;Tire;Average Profit Per Tire;24,594;$23.21;$11.67;$119.00;$84.12;After;implementing the BPM project ABC Tire Company reviewed the value of the project;after a year and identified the following information;Total # of Tires Sold;Total Materials Cost;Total Labor Cost;Average Retail Price Per;Tire;27,669;$672,080.32;$303,280.56;$121.13;Using;the data provided above calculate and provide;Materials Cost Per Tire;Labor Cost Per Tire;Average Profit Per Tire;% Increase or Decrease in;Materials cost Per Tire;% Increase or Decrease in;Labor cost Per Tire;% Increase or Decrease in;Average Profit Per Tire;Address;the following questions;Why it;is important to ensure baseline data is accurate?;Was;the project successful?

 

Paper#41435 | Written in 18-Jul-2015

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