The document discusses Medical Technologies Corporation (MTC) and its supply chain operations. It covers MTC's supply chain strategy, logistics, operations, planning, and sourcing. For planning, it shows charts comparing MTC's production forecasts and results from 2013 to 2014. It analyzes how cumulative forecasting in 2014 led to higher profits than naive forecasting in 2013. Overall the document provides an overview of MTC's end-to-end supply chain and areas for improvement.
Persuasive Strategic Analysis for MTC.
Supply chain management strategy Week 6 (MTC).pptx solved.
Strategies for MTC to recover 10% of reduction in MTC’s profits
by major cost savings
Persuasive Strategic Analysis for MTC.
Supply chain management strategy Week 6 (MTC).pptx solved.
Strategies for MTC to recover 10% of reduction in MTC’s profits
by major cost savings
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1. MEDICAL TECHNOLOGIES CORPORATION-
MTC
CAPSTONE OF THE SUPPLY CHAIN
MANAGEMENT SPECIALIZATION IN
COURSERA
Instructor of Course- Mr. Rudolf Leuschner,
Ph.D.
Presentation Done By- Mr. Suriya V, B.E.
[Mech]
2. TABLE OF CONTENTS
Supply Chain Strategy
Logistics at MTC
Operation at MTC
Planning at MTC
Sourcing at MTC
4. SUPPLY CHAIN STRATEGY(SAMPLE TABLE OF
MTC)
• From the above table, the Net earnings, US$ can be
achieved by reducing the Operating income and other
cost by proper predictive maintenance strategy because
unwanted spending cost can be reduced by proper
planning techniques.
• So by doing the predictive maintenance we can sort out
the unwanted cost of spending in operating income and
other cost, so that we can able to achieve high US$ target
in net earnings.
5. SUPPLY CHAIN STRATEGY(SAMPLE TABLE OF
MTC)
• My idea target on reducing the downtime of each and
every operation involved in both operating income and
other cost activities and reducing the downtime will
improve the company productivity.
• The possible gap is to implement the good predictive
maintenance strategy to decrease the down time of
operation.
• The supply chain must focus on reducing the inventory
holding cost to improve the net earning of company.
• Some of the major issue in today's supply chain is not
handling material properly, lead time of process and
delivery increases, inventory holding cost is increase due
to stock waiting time to delivery increases.
7. LOGISTICS AT MTC
The process flow from inbound to outbound, all is
managed by conveyor belt for effective operation.
After manufactured the product is stocked in inventory
and then when customer is demanded for product, the
product is delivered to customer from warehouse to
customer by mode of transport.
The location involved in the all process include,
manufacturing plant to warehouse and then ware house
to MTC customer spot.
8. LOGISTICS AT MTC
• The change is made by supply more volume, so that we can
manufacture more product for cheaper price, and that will
give smooth relationship between customer and supplier.
• To improve the change one supplier has to follow 7 R's such
as right(place,product,time,customer,location,condition,price),
so that the lead time of process is reduce and supplier will get
higher profits.
• Yes, i think by following the 7 R's the supply chain order and
delivery will be in smooth manner, every supply chain
objective is to maintain good customer satisfaction and also
long customer retention in order to gain more positive finance
in the form of positive cash flow to supplier.
9. OPERATION AT MTC
Some of the pro's are,
1. Quicker response time, by reducing the lead time
2.Decreased risk of shortages, because of stock on hand
in inventory.
3.Quick Replenishment
Some of the con's are,
1.Risk of inventory becoming obsolete
2.Risk of item not selling due to excess stock in
inventory
3.Higher storage cost or inventory holding cost
10. PLANNING AT MTC(EXAMPLE CHART)
0
20000
40000
60000
80000
100000
120000
140000
160000
January
February
March
April
May
June
July
August
September
October
November
December
2013
Starting
Shipped
Production
Ending
0
20000
40000
60000
80000
100000
120000
140000
160000
January
February
March
April
May
June
July
August
September
October
November
December
2014
Starting
Shipped
Production
Ending
11. PLANNING AT MTC
• From the previous page the graphical representation of bar chart gives
entire process detail in the year 2013, MTC starting investment is high
from the graph say 120000 in the month of January, but their production
is just around 30000, also they shipped around 15000 units and the
ending was peak compared to starting that is their profit is just above the
initial investment say 130000. So every month the initial investment is
on an average around 120000 to 140000 and the volume of production
are on an average 20000 to 50000 units, and the shipping is around
10000 to 50000 units. Finally their profit in each year is around 130000
and the peak in the month of September is 140000.
• From the previous page the graphical representation of bar chart gives
entire process detail in the year 2014, MTC starting investment is high
from the graph say 130000 in the month of January, but their production
is just around 30000, also they shipped around 25000 units and the
ending was peak compared to starting that is their profit is just above the
initial investment say 130000. So every month the initial investment is
on an average around 120000 to 150000 and the volume of production
are on an average 30000 to 60000 units, and the shipping is around
10000 to 60000 units. Finally their profit in each year is around 130000
and the peak in the month of September is 150000.
12. PLANNING AT MTC
• MTC forecast in the year 2013 is Naive Forecast of the
process(starting,production,shipped,ending) what forecast
they carried last month record, continued with same amount
of forecast in current month and that is carried out for months
from January to December. so this forecast does not give as
much as profit to MTC.
• MTC forecast in the year 2014 is Cumulative Forecast of the
process (starting,production,shipped,ending) what they carried
previous month record, continued with difference in forecast
that is taking the past month record adding it in current month
for better output in overall process. so this forecast does give
as much as profit to MTC.
13. PLANNING AT MTC
• MTC forecast in the year 2013 is Naive Forecast of the
process(starting,production,shipped,ending) what forecast they
carried last month record, continued with same amount of forecast in
current month and that is carried out for months from January to
December. so this forecast does not give as much as profit to MTC. •
MTC forecast in the year 2014 is Cumulative Forecast of the process
(starting,production,shipped,ending) what they carried previous
month record, continued with difference in forecast that is taking the
past month record adding it in current month for better output in
overall process. so this forecast does give as much as profit to MTC.
From the above forecast I would suggest MTC can make a proper
production layout with Enterprise Resource Planning software and
can eliminate the unwanted move and unwanted cost, also by doing
this with implementing all forecast techniques and finding the best
method with accuracy and precision also fulfill their production plan
in a better way
14. SOURCING AT MTC
• MTC strategic supplier should be,
3PL such as 3rd party logistics
• Sales personals
• Transportation
• MTC can believe their key strategic supplier should act
following things, Quick response time in delivery
• Increase in mutual trust
• Quality products
15. SOURCING AT MTC
Strategic partner who should strive and work for MTC
objectives and goals, Strategic partner should focus on
supply chain, sourcing, strategic planning etc
16. SOURCING AT MTC
They can allocate bonus or incentives to strategic partner
because they are integral part of MTC objectives.
They can increase the order of purchase with less price.
They can assure the policies and statement of MTC with
Strategic partners to tie up for longer span.
17. SOURCING AT MTC
MTC can make the sterilization agents, solution with
little purchase of raw materials. so it can reduce the
overall cost of off-site sterilization.
MTC can make the in-house for better access the safety
of medical equipment
MTC overall operation cost is reduced by using make-
buy analysis