To improve the competitive nature of company in the business of electric fans requires vision of farsighted capacity planning to match the rising number of fans needed in the market. There is another option of keeping the extra stock of motors but it will affect the cost of inventory management.
Use the motors for manufacturing Order the no of motors required for meeting the supply Is supply of Motors enough? Riordan manufacturing virtual organization.
The electric fans are assembled with an electric motor and sold as a finished product. Destroying waste material cost will decrease as the company becomes more efficient with the new process design; see Gantt chart in exhibit A.
C Oct Oct 1 2 1. Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Monitoring inventory on a continual basis will assist in supporting a financial strength advantageous to flexibility when prices of supplies fluctuate.
Local markets for the electric motor will still be used from the same supplier and continue to be an outsourced item. Maintaining inventory levels and making purchase orders are done after the determination of the capacity.
The breakeven analysis of financial statement can provide insight into deciding the course of action to modify the existing process.
Total quality management concepts can be applied in the last phase of implementation to control the quality issues with introduction of defect prevention, quality standards, budget control, etc. Working with suppliers of raw materials and handling inventory efficiently to lower manufacturing costs.
The addition of an extra supplier to the manufacturer can help in getting the right stock of motors as it will increase the competitiveness between suppliers and firms which assists in getting the stock of motors.
There are waste by-products from above mentioned departments, which increase the cost of the finished product in the form of the electric fan.
Supply Chain Supply chain processes play a crucial role in the entire lifecycle of production development, sales department and customer relationship management.
The company must maintain the lowest levels of inventory to reduce wasted resources. It is necessary to track the quality and need of inventory for optimizing the performance of supply-chain process.
The process improvement plan of the manufacturing plant in China requires careful attention to MRP, supply chain and production forecast sales to maximize the revenue of operating unit as well as increasing the customer base with installation of lean production and introduction of total quality management concepts.
Additionally, this paper will include a production forecast and as well as an implementation plan for lean production and a just-in-time system to optimize the profit at Riordan and improve customer satisfaction with timely delivery of orders with appropriate inventory management system.Process Design for Riordan Manufacturing Name OPS/ February 4, Teacher Riordan Manufacturing Riordan Manufacturing is a worldwide company that specializes in the manufacturing of plastics.
Process Design for Riordan Manufacturing * Prepare a PowerPoint presentation for the Board of Directors of Riordan, - Answered by a verified Business Tutor. Process Design for Riordan Manufacturing Name OPS/ February 4, Teacher Riordan Manufacturing Riordan Manufacturing is a worldwide company that specializes in the manufacturing of plastics.
The company has projected yearly earnings of $46 million and employs over personnel. Riordan’s development and research. New Process Design Appendix A is a flow chart for the existing system at Riordan’s China plant shows that the current production process is dependent on the local supplier for stock of motors and plastic polymers in order to manufacture the electric fans.
The accounting process is linked to the Sales and Production as they directly affect the Accounting. Network Design Riordan Manufacturing already has an existing network in place that allows each facility to send and receive information between them.
Process Design for Riordan Manufacturing Name OPS/ February 4, Teacher Riordan Manufacturing Riordan Manufacturing is a worldwide company that specializes in the manufacturing of plastics.
The company has projected yearly earnings of $46 million and employs over personnel.Download