Uploaded byMay Avery
Riordan Manufacturing
The document proposes implementing a Material Requirements Planning (MRP) system with enhancements including a real-time MRP application, customized to the company's specifications. The MRP system would include demand forecasting based on historical sales data, a master production schedule, and a bill of materials with lead times to ensure material availability. The implementation plan is to make the new MRP system fully operational within 6 months by involving each department at Riordan Manufacturing.
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Riordan Manufacturing
- 2. INSIDE THE PROPOSAL MaterialRequirements Planning (MRP) Proposed Process Design • Demand Forecasting • Master Production Schedule (MPS) Supply Chain • Bill of Materials (BOM) with Lead Time Production Forecast Implementation Plan
- 3. MATERIAL REQUIREMENTS PLANNING (MRP) real-time MRP application ensure fully material integrated availability MRP SYSTEM ENHANCEMENTS customized to the fully company’s interactive specifications SAMPLE MRP TABLE (report)
- 4. MRP: DEMAND FORECASTING forecast based on historical sales, research and trends forecast based on the last three years’ sales average Overall Market Demand for Electric Fans in Southeast Asia (2009-2014). Retrieved from Strategic Analysis Inc. (2010)
- 5. MRP: MASTER PRODUCTION SCHEDULE (MPS) Electric Fan Manufacturing MPS Sampleand Outputs Electric Fan Manufacturing Inputs MPS
- 6. MRP: BILL OFMATERIALS (BOM) WITH LEAD TIME provide a clear sequence of every item that goes into a specific end product considers electric motors assembly considers individual plastic parts creation through a molding process
- 7. PROCESS DESIGN Determine required equipment Determine the resources Determine required the workflow Create a flowchart Determine the requirements and implementation for the process (research)
- 8. SUPPLY CHAIN Transportation Outsourcing Logistics Inventory Electric Fan Supplier Management Operations Management Global Sourcing Mass Customization Production Management
- 9. PRODUCTION FORECAST Company vision is to be the leader in identifying industry trends Alter production schedules based on Fluctuations in changes in demand are market demand inevitable and do not reflect instant success Using these trends to forecast production or failure is not necessarily advantageous Leading the industry requires global analysis and participation Aggregate Production Plan
- 10. IMPLEMENTATION PLAN 6 monthsto become fully operational Each department within Riordan Manufacturing will contribute
Editor's Notes
- #8 The relationship between designing products and services on one hand and designing the processes that make them is an important point to considerProcess design = The activity of determining the workflow, equipment needs, and implementation requirements for a particular process. Process design typically uses a number of tools including flowcharting, process simulation software, and scalemodels.Research is vital to the success of any design solution. A designer should be as informed as they can be about the project.Analysis and refinement - The designers then spend time amending the design to reflect the changes or problems highlighted
- #9 Supply chain management is sustainable execution of transportation, production, distribution and procurement.Outsourcing - moving some of a firm’s internal activities and decision responsibility to outside providers. The terms of the agreement are established in a contract.Logistics - is a term that refers to the management functions that support the complete cycle of material flow: from the purchase and internal control of production materials; to the planning and control of work-in-process; to the purchasing, shipping, and distribution of the finished productGlobal Sourcing - We are in the middle of a major change in the global economy. Great opportunities are available because of the collapse of communism in the Eastern Bloc, the issuance of the euro currency, and new markets in Turkey, India, South Africa, and so on.Mass Customization - describe the ability of a company to deliver highly customized products and services to different customers around the world. The key to mass-customizing effectively is postponing the task of differentiating a product for a specific customer until the latest possible point in the supply network.