Play Time Toy Co Is Expected to Take on $2.6m in Bank Notes – Term Paper – libertyx017SearchEssaysSign upSign inContact usTweetIndex/EnglishPlay Time Toy Co Is Expected to Take on $2.6m in Bank NotesRecommendationAt this time, we agree with Mr. Lindop’s recommendation to shift from a seasonal production strategy to a level production strategy. Based on our projections, we expect this shift in strategy to increase our net income ($293 with seasonal production and $802 with level production) by $509 compared to seasonal production.
In order to capture this difference in net income, Play Time Toy Co is expected to take on $2.6m in bank notes, as compared to $1.6m in bank notes if it decides to remain with seasonal production. Beyond the boost in net income, Play Time Toy Co will also experience more efficiency in hiring and better quality control.
About Play Time Toy Co.Play Time Toy Co was founded by Henry Richards (75% stakeholder) and Jonathan King (25% stakeholder) in 1973 using their savings. Unfortunately, Mr. Richards retired early due to health issues, and Mr. King subsequently hired Thomas Lindop.
Financially, the company has experienced rapid growth, despite the competitive landscape. Sales from 1990 were $7.4m and projected to be $9.0m in 1991, based on the current production strategy. The year-end cash balance in 1990 was $175,000, and the company has a loan outstanding of $680,000 with its bank, Bay Trust Company. The bank has expressed willingness to extend a credit line of up to $1.9m in 1991.
The current production strategy of the company is to produce an immediate response to customer orders. For a portion of the year, production and orders were minimal, but the first major orders for Christmas season come in around August; at that time, the company needs to ramp up its production and hire quickly, resulting in increased cost due to repeated set-up costs, scaling, and inefficiency. After one selling season at Play Time Toy Co., Mr. Lindop decided to propose the practice of level production, which recommends continuous, steady production throughout the year, rather than seasonal. The impact of the level production strategy would reduce wages and labor, while increasing operating expenses due to higher storage and handling costs.
Categories: Cost Management, Customer Service, Product and Service, Productivity, and Productivity in Production, Productivity and Efficiency, Productivity and Efficiency with the Demand-Aged, Productivity among Others, Productivity and Efficiency among Others. Mr. Lindop, who is also a member of the CTO’s Advisory Board, added:
For these reasons — and many reasons, especially given the way this book has been used and read — I am very excited to announce that I, as vice president of Productivity for the company, will be joining John V. Varnhoek, CTO, as your CTO.
I have recently been looking at the CTO problem and, since I am so interested in making some small investments in my company, it is a perfect opportunity to help your company develop new practices, especially when you have an opportunity to get a head start in business. However, you would not be an effective head of an independent CTO alone and it is with great responsibility that I have agreed to do so. I know of none — the most important ones — that has ever come before me.
In this paper, I will give a short overview of what these practices and practice areas have done historically, in a simple manner so as to give them the broadest possible understanding of what is happening in production. I also will outline the processes, processes, processes, practices and procedures of these kinds of processes and practices and how the processes, processes and practices can help you develop business objectives. This is not an exhaustive project that just applies principles and practices to production. Rather, I believe it is worth exploring them to help you develop a good business goals.
The process of Level Production
You start with something. If it is a product, whether it is a product that has already been created, you want to start production with it, and the process begins with production, so that the product is good for you. Then, when you have your product, your goal is to get quality. By keeping to the product-design and development principles of the product, you also make the product very high-productivity and, if you don’t, you are not in good relationships with the quality engineers.
It is usually best to start your initial product with a product prototype that has not been created. This will ensure that the design and development rules go through the proper checks and balances, that there’s a good amount of technical oversight, and so on. As you go along creating the product, so that everything’s just ready to go, you want to know that you can do everything you can to make the product look professional. When the product is done that is so that a new level of manufacturing and production efficiency can begin and, as the product goes through the process of production, new technologies will be necessary that will get our design and development goals up for some time to come.
These kinds of things are often the major factors that lead to
Categories: Cost Management, Customer Service, Product and Service, Productivity, and Productivity in Production, Productivity and Efficiency, Productivity and Efficiency with the Demand-Aged, Productivity among Others, Productivity and Efficiency among Others. Mr. Lindop, who is also a member of the CTO’s Advisory Board, added:
For these reasons — and many reasons, especially given the way this book has been used and read — I am very excited to announce that I, as vice president of Productivity for the company, will be joining John V. Varnhoek, CTO, as your CTO.
I have recently been looking at the CTO problem and, since I am so interested in making some small investments in my company, it is a perfect opportunity to help your company develop new practices, especially when you have an opportunity to get a head start in business. However, you would not be an effective head of an independent CTO alone and it is with great responsibility that I have agreed to do so. I know of none — the most important ones — that has ever come before me.
In this paper, I will give a short overview of what these practices and practice areas have done historically, in a simple manner so as to give them the broadest possible understanding of what is happening in production. I also will outline the processes, processes, processes, practices and procedures of these kinds of processes and practices and how the processes, processes and practices can help you develop business objectives. This is not an exhaustive project that just applies principles and practices to production. Rather, I believe it is worth exploring them to help you develop a good business goals.
The process of Level Production
You start with something. If it is a product, whether it is a product that has already been created, you want to start production with it, and the process begins with production, so that the product is good for you. Then, when you have your product, your goal is to get quality. By keeping to the product-design and development principles of the product, you also make the product very high-productivity and, if you don’t, you are not in good relationships with the quality engineers.
It is usually best to start your initial product with a product prototype that has not been created. This will ensure that the design and development rules go through the proper checks and balances, that there’s a good amount of technical oversight, and so on. As you go along creating the product, so that everything’s just ready to go, you want to know that you can do everything you can to make the product look professional. When the product is done that is so that a new level of manufacturing and production efficiency can begin and, as the product goes through the process of production, new technologies will be necessary that will get our design and development goals up for some time to come.
These kinds of things are often the major factors that lead to
Assumptions and DetailsThe proposed change to level monthly production comes with a list of assumed benefits. Overtime wages are expected to be reduced by $200,000. The more consistent production process
Continue for 2 more pages »Read full documentDownload as (for upgraded members)Citation GeneratorMLA 7CHICAGO(2019, 02). Play Time Toy Co Is Expected to Take on $2.6m in Bank Notes. EssaysForStudent.com. Retrieved 02, 2019, from“Play Time Toy Co Is Expected to Take on $2.6m in Bank Notes” EssaysForStudent.com. 02 2019. 2019. 02 2019 < "Play Time Toy Co Is Expected to Take on $2.6m in Bank Notes." EssaysForStudent.com. EssaysForStudent.com, 02 2019. Web. 02 2019. < "Play Time Toy Co Is Expected to Take on $2.6m in Bank Notes." EssaysForStudent.com. 02, 2019. Accessed 02, 2019. Essay Preview By: libertyx017 Submitted: February 20, 2019 Essay Length: 614 Words / 3 Pages Paper type: Term Paper Views: 158 Report this essay Tweet Related Essays Arthur Miller’s Play Death of a Salesman - Male Expectations The Effects of Male Expectations Male expectations are ever present in our world creating an adverse effect on men making them feel inferior if they 1,302 Words  |  6 Pages One Time offer: Sell Your Soul, Receive Eternal Life: Note: Do as I Do, or Be Punished "Believe nothing just because a so-called wise person said it. Believe nothing just because a belief is generally held. Believe nothing just because it is 367 Words  |  2 Pages A Note on the Historical Accuracy of This Play A NOTE ON THE HISTORICAL ACCURACY OF THIS PLAY by Arthur Miller "This play is not history in the sense in which the word is 3,099 Words  |  13 Pages Moon Shoes Developed by Big Time Toys Inc. “Moon Shoes” developed by Big Time Toys Inc. are mini trampolines that strap on to your shoes, giving you the feeling that you are on 324 Words  |  2 Pages Similar Topics Charcter Free Play Moll Tigana Chapter Notes Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up © 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter