OPS 571 w4 Supply chain paper

new due sunday, only do highlighted part minimum 200 words

 

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