Determine Riordan’s manufacturing strategy (chase, level, or combination) and explain its benefits
- Create a process flow diagram for the electric fan supply chain
- Select two metrics to evaluate performance of the electric fan supply chain
- Describe the supplier relationship and the effects on the supply chain. As part of this consider the following:
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- Type of relationship
- Supplier location, size of company, and financial stability
- Metrics used to measure supplier performance (on-time delivery, defects, etc)
- Supplier improvement strategies
- Describe how lean production principles may be used to maximize the efficiency and effectiveness of the electric fan supply chain process
- Select a business forecasting technique (qualitative or quantitative) for the electric fans and describe the forecasting process to be used at Riordan
- Create a sales forecast for electric fans using selected techniques
- Develop Aggregate Production Plan, Master Schedule, and Materials Requirement Plans for electric fans based off the sales forecast. Be sure to include the following:
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- The determination of inventory requirements of the electric fans component parts and finished goods
- The selection of an appropriate inventory system (fixed order quantity, two bin method, etc.) to meet inventory requirements
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