Service Request SR-rm-001 Presentation University of Phoenix Julius Fitzpatrick, Tracey Ezzard-Pickett, Edwin Westbrook, and Demetrius Harris CIS/207 April 25, 2012 Dr. Jeorge S. Hurtarte Service Request SR-rm-001 Presentation Introduction Riordan Manufacturing is a worldwide manufacturer of plastics, who is in need of a modern inventory and management system. Through the use of inventory control software each of its plants can collaborate and track real-time information on available inventory, location, status, and be able to communicate with suppliers. A streamline process will improve labor productivity, reduction in inventory paperwork, reduce labor costs, reduce cash tied up in
The scientific management theory was developed by Frederick W. Taylor who was an inventor and engineer. Scientific management theory seeks to improve an organization's efficiency by systematically improving the efficiency of task completion by utilizing scientific, engineering, and mathematical analysis. The goal is to reduce waste, increase the process and methods of production and create a just distribution of goods. This goal serves the common interests of employers, employees, and society (America in Class, n.d.). Taylor founded 4 principles based on this theory: 1.
Executive summary To maintain prominent competence in heavy truck manufacturing industry, our company, PACCAR, needs to upgrade major lines to the most efficient and advanced technologies. There are two options to be considered: purchasing technologies from outside providers or developing the technologies by the company itself. As a financial analyst, I evaluate those two options by calculating and analyzing MIRR, NPV, IRR, payback period and PI for each alternative. My analysis indicates that developing the technologies in house is more optimal as it outperforms the other alternative on all measurements. And among all measurements, MIRR is the best one in this case.
In the following pages, I will examine the operational processes, the inventory system, the efficiency of the facility and ways it can be realigned. In doing this the facility will increase production, decrease costs, and increase the level of satisfaction of the staff. There are several options available to Snodgrass in an attempt to solve the issues of Space Age manufacturing processes and improve efficiency. The first is to discover a way to retain a low level of inventory of the components and/or subassemblies, also known as safety stock (Unknown, n.d.), to maintain the fulfillment of customer orders. By retaining this safety stock, there is a cushion of time between the anticipated and
The next objective of this project is to create a frequent shopper program (FSP) that reinforces the main objective of increase revenue. The final objective is to increase efficiency by providing increased value to the customers. After the objectives have been defined, the scope of the project can be outlined. For this service request, the scope of the project is to create a FSP, allocate loyalty points based on a specific item, track these points, accurately calculate the total, and apply these points to the customer’s account. The first step of defining the scope is to create a FSP.
What type of inventory control system does the supplier use? We expect manufacturing of the 313 to be long term, therefore, we must also ask the supplier if our volume increases do they have the capacity to expand their inventory without delay? As you know, quality as well as appearance will be everything to the consumer, as well as ease of use and function. Of course, we will want to approve any design before going to manufacture. Will the supplier have tools to allow management to view the design of the product supplied to us as it would be manufactured?
Production plan for Riordan Manufacturing University of Phoenix Operations Management OPS 571 Theodore Curry August 01, 2012 Production plan for Riordan Manufacturing Development of a production plan involves both strategic capacity planning and lean production to create an optimally efficient and cost-effective process design and supply management chain. Riordan Manufacturing’s existing capacity plan is sufficient to sustain the firm’s current production design and output levels, but for Riordan to enhance its competitiveness in an evolving industry the company must constantly reevaluate its processes. The application of strategic capacity planning and lean production techniques can facilitate Riordan’s attainment of its optimal
Therefore, the organization will have to appeal to other companies by offering lower prices, higher quality product, better transportation cost, and a design to appeal to its consumers. The functional strategy the company will use allows the organization to take advantage of and maximize the use of various resources. Many companies are looking toward cheaper labor, Riordan has set its focus on acquiring a workforce with exceptional skill and a high quality work ethic. The company realizes it is more cost-effective and more efficient to hire knowledgeable employees with the drive to perform jobs at the highest level possible (Gallos, 2003). Riordan will pay higher salaries to employees with high-level skillset to attract and maintain employees with these skills.
This will be useful for Guillermo Furniture because it can help them to determine the possible outcome of the two different decisions they have to make in order to increase their capital and become more of a competitor in the marketplace. One choices that Guillermo Navallez has it to convert his current production model to a high tech solution. Utilizing a computer controlled laser late in order to make precise cuts (Guillermo Furniture, 2012). This will make it so that they can move pieces through assembly quicker. This will be an expensive investment, by utilizing a sensitivity analysis Senor Navallez can determine if it will be a good return on his initial
Faster production also contributed greatly to the progressions made by the industrial era. Frederick Winslow Taylor studied scientific management, or using scientific methods to increase worker output and cut costs. He measured each worker’s maximum output; then decreased the amount of movements needed, ultimately increasing productivity. Each worker was assigned a specialized task to repeatedly complete. Henry Ford put Winslow’s ideas to good use, creating the assembly line to mass produce his Model T car.