In addition to a decreased throughput time for finished goods to reach the customer, Riordan could save money, thus eliminating wasteful spending. Just in time, manufacturing decreases the amount of supplies sitting on the shelves, which essentially saves the organization money. This moderate approach is recommended for implementation of the electric fan production line at the China plant.
The Supply Chain Company. The capacity level has a critical impact on the Hangzhou location. The new design will require that the molding department create a precise fan part that requires less trimming.
The plant in Hanghzou, China experienced problems with shipping the inventory out of the Shanghai port in a timely and cost-efficient manner. Examining the key operations of company resources and opportunities with implementation of using an alternative supplier will assist meeting goals of streamlining supply and demand of the delivery system.
This discussion is an outpouring of research and brainstorming between team members and begins with a newly designed supply chain to increase value, followed by an evaluation of factors that guide strategic capacity planning and an analysis of current applications of lean production.
Production Plan for Riordan Manufacturing Riordan Manufacturing strives to be the leader in using polymer materials to provide solutions to customers challenges. The company must maintain the lowest levels of inventory to reduce wasted resources.
At the same time work orders are taken and passed to the shop floor, manufacturing begins. This would eliminate a potential bottleneck due to a lack of inventory having a negative effect on production times.
The manufacturing unit in China and Michigan produces custom parts, which both require different components for different items.
Supply Chain and Lean Production Supply chain efficiency is measured by how quickly inventory turns over and weeks of supply.
An ERP is also a system, which allows improved communication between the companies and the buyers. Benefits By centralizing inventory and customer orders, increasing on-time deliveries from suppliers, and eliminating the shipping bottleneck, the Hangzhou plant can minimize the cash outlay by pre-planning production and developing an efficient system that eliminates the most waste possible.
The Lag strategy is defined as an increase in capacity after the plant is made to run at full capacity or beyond because of an increase in demand. The risk of waste is decreased, but there may be loss of potential customers North Carolina State University, Currently, each Riordan plant handles inventory independently.
Lean production using just-in-time system can be very effective in operation processes along with better strategic planning for meeting the demand of customer University of Phoenix, This would reduce the steps needed to distribute products to customers.
Retrieved May, 21,from http: The consolidation of these two production plants will reduce the expenditure on equipment and will better meet the demands from the production forecast because the manufacturing process is at one location.
Get Access Production Plan for Riordan Manufacturing Essay Sample In this paper, Team B discusses strategic capacity planning and lean production for new process design and supply chain processes for the electric fans at Riordan Manufacturing.
This will aid in avoid the delay in which customers have to wait for their product, which will ultimately fix the shipping problems that some of the plants have issues with. Riordan maintains a set amount of electric motors, and fans as inventory. Accurately analyzing the opportunities will provide a vision for lean production, lowering capital expenditure, and provide improvements in market development.
Coordination between manufacturing activities, delivery schedules, and purchasing activities and the production process is important. Using just-in-time manufacturing involves possessing good relationships with suppliers, material received just in time for production.
Local markets for the electric motor will still be used from the same supplier and continue to be an outsourced item. Riodan needs to implement a strategic capacity plan that considers the customer requirements.
This type of system would strengthen the relationship between each department by integrating the supply chain business processes and promoting shared information.
The Vendor Managed Inventory Solution. However, it could result in excess inventory if the demand does not meet the forecast. Providing and gaining a competitive advantage needed to outperform competition will measure and enhance the success of Riordan to be the leading manufacturer and supplier of fans in a global market.
Riordan would then have to maintain a decreased amount of safety stock throughout the year. Stocks of inventory are held in stockrooms in order to fulfill the various demands of the customer base.
Strategic capacity planning is essential in optimal use of resources with minimum wastage of raw materials to achieve the customer demand in timely manner to create the products at lowest cost.
Other options of keeping the readymade supplies of motors as inventory unit in Riordan inventory itself will increase the inventory cost.
The city is closer to the main shipping port, the company can take advantage of lower shipping costs and distribute to new markets in Hong Kong and Shanghai. The benefits of the vendor management system are significant cost savings, less inventory, and fewer stockouts, resulting in more sales and higher customer satisfaction The Supply Chain Company, The combined system will also improve the delivery schedule of order through better coordination between inventory management, production, shipping, and delivery.
The manufacturing process requires specialized piece parts and a specialized labor supply with proper knowledge to create the product. This will decrease the amounts of outputs generated by the molding process and trimming process.A Production Plan For Riordan Manufacturing OPS/ Operations Management A Production Plan For Riordan Riordan Manufacturing has a reputation for precision and innovation.
As a Fortune enterprise, Riordan cannot afford to have the issues of bottlenecking affecting their production. RUNNING HEAD: PRODUCTION PLAN FOR RIORDAN MANUFACTURING Production Plan for Riordan Manufacturing Riordan Manufacturing can achieve organized balance through Team C’s proposals for a new production plan, process design, and supply chain system that helps stress internal/external strategic capacity planning.
Production Plan for Riordan Manufacturing Riordan Manufacturing strives to be the leader in using polymer materials to provide solutions to customers challenges. The main focus is to achieve and maintain reasonable profitability to assure that the financial and human capital is.
Production Plan for Riordan Manufacturingr University of Phoenix OPS/GM International Operations Management September 14, Production Plan for Riordan Manufacturing Riorden Manufacturing Incorporated is a global plastic manufacturing company that employs people with annual earnings of $46 million.
Production Plan for Riordan Manufacturing Riorden Manufacturing Incorporated is a global plastic manufacturing company that employs people with annual earnings of $46 million.
Riorden has several plants in different parts of the country and overseas with a. Production Plan for Riordan Manufacturing. Riordan Manufacturing is corporation dedicating to produce electric fans for both consumer and custom design markets.
In this assignment Team C is elaborating a proposal package to discuss its current process design, strategic capacity planning and an implementation of to elaborate a lean production.Download