OPS 571 Operations Management Week 4 Assignment

Review the Riordan Manufacturing Virtual Organization.

Write a paper of no more than 1,400-words that includes the following:

  • 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:
  • 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:
  • 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