MEDICAL INSTRUMENT DIVISION (MID) A.) PRINCIPAL PRODUCT:MEDICAL INSTRUMENT –MEASURES & DISPLAYS MEDICAL PHENOMENA B.) CULTURE: ENGINEERING ORIENTED -DESIGNS.

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Presentation transcript:

MEDICAL INSTRUMENT DIVISION (MID) A.) PRINCIPAL PRODUCT:MEDICAL INSTRUMENT –MEASURES & DISPLAYS MEDICAL PHENOMENA B.) CULTURE: ENGINEERING ORIENTED -DESIGNS NEW PRODUCT FROM SCRATCH RATHER THAN MODIFICATION C.) COST: USES NEW OR UNIQUE PARTS NOT USED IN OTHER PRODUCTS OF LSC LIFE SAFETY CORP. (LSC )

MEDICAL INSTRUDIVISION (MID) D.) STRATEGY: MID AS PRDUCT DIFFERENTIATOR & PRICE LEADER E.) COMPETITION: COMPETITORS EMULATE PRODUCT AT LOWER COST (25% LESSER) & UNDERCUT PRICE OF LSC F.) COUNTER-ACTION: LSC LOWERS PRICE BELOW PRODUCT COST RESULTING TO SIGNIFICANT LOSS LIFE SAFETY CORP. (LSC )

MEDICAL INSTRUDIVISION (MID) G.) REMEDY: CONTINUOUS IMPROVEMENT PROGRAM 1.JUST-IN-TIME (JIT) INVENTORY & PRODUCTION 2.TOTAL QUALITY CONTROL 3.EMPLOYEE EMPOWERMENT H.) PROBLEMS: 1. HIGH PRODUCTION COST CAUSED BY MID’S PART NUMBER PROLIFERATION 2. VERY LONG CYCLE TIME I.) RESOLUTION: MAKE USE OF ACTIVITY- BASED COSTING & ACTIVITY-BASED MANAGEMENT LIFE SAFETY CORP. (LSC )