An effective system of production management is sufficient to make a company stand out. This report provides effective and efficient ways of handling the production activities of the firm so as to ensure its financial strength and enhanced earnings. Table of Contents CHAPTER 1 4 1.1Problem Statement/ Opportunity 4 1.2Scope of the Report 4 1.3Background 5 1.3.1Legacy Technology 5 1.3.2Customer Satisfaction 5 2.1Proposed Solution: Supply Chain Management 6 2.2Cost of the Project 6 2.3Adequacy of Funds 9 2.4Project Benefits 11 2.4.1Estimated Annual Savings 11 2.4.2Just in Time and Lean Operations Usage 13 2.5Management of Inventory 14 2.6Work Cells Vs. Straight line Method 15 2.7Continuous Improvement Program 16 The main objective of the organisation has always been to achieve total quality management throughout the organisation. Therefore, every new project is sufficiently scrutinized with the aim of establishing the impact it has on the rest of the organisation. To achieve total quality management with the new project, employees will be adequately empowered through training, constant feedback and engagement in the implementation of the supply chain management to ensure maximum contribution from them. 18 CHAPTER 3 18 3.1Conclusion 18 References 19 CHAPTER 1 1.1 Problem Statement/ Opportunity Our current production capacity is not up to the industry standards. To begin with, our client base has expanded in recent years and nothing has been done to adjust the production process to accommodate the changes being experienced. The present production capacity of the firm does not meet the present market needs. This has perhaps to a great extent contributed to the loss of customers every year. The fact the company gains new customers every year cannot in anyway justify the loss of the existing ones. A lot of company finances are usually spent in attaining new clients which can be cut by engaging in activities that facilitate customer retention. Among those ways of retaining customers entails engaging in company practices that ensures that the needs and expectations of the customers are met in terms of service and product quality, availability of sufficient products as and when they are needed as well as appropriate pricing. This report was generated with the main aim of bringing to light the means by which the current production processes can be adjusted to enhance company performance as well as please and increase the client base. 1.2 Scope of the Report This report shows the production activities that our company can engage in to enhance the company performance. Matters of the supply chain management and any possible changes that can enhance the company performance have been analysed in this report. Resource allocation in the form of budgetary control was kept into consideration when developing this report. The probable changes in the finance structure of the company are presented in the form of balance sheet and income statement in the form of attachment in this case. The best ways of supply chain management such as just in time, lean operations as well as effective management of the inventory are well outlined in this report. 1.3 Background Despite the fact that ABC Limited Company has been successfully running its operations to a certain extent, more can be done to achieve more success. Increased efficiency and effectiveness could be achieved by making changes in certain
Business Proposal of Implementing Supply Chain Management Along With Order Fulfillment Legacy Technology System Prepared By: Submitted To: Executive Summary During this period where economic crisis are being witnessed globally, there is an urgent need for a firm to consider alternative ways of ensuring long-term sustainability…
Question 1. What Are The Specific Quality Problems Oak Hills Is Facing, And How Will They Influence The Company's Ability To Convert To A Lean System?
Answer: A supply chain refers to the network as well as distribution of facilities. Its main task is to acquire the materials, convert these materials into semi-finished as well as finished goods, and thus allocate the final products to the consumers.
A good example of an international business venture is banana growing in Australia which has made the country gain a lot of revenue. This is basically what is going to be the main focus. Nature of the product and the supply chain Banana is the most consumed horticultural product in Australian market.
The rationale for gaining significance is its value, as organizations rely on processes of supply chain management, which is a core element and contributing factor, for gaining competitive advantage in the global market. In the context of operations and management, supply chain management is defined as “the management of the movement of goods and flow of information between an organization and its suppliers and customers, to achieve strategic advantage.
17-24). With the advent of IT, the competitive pressures on the four big players of the world, LG, GE, Whirlpool and Electrolux have increased. Whirlpool has a history of over a decade where it has established its brand name and expanded in many countries.
The company’s boss, Jim McNerney, articulated that In spite of a number of growth programme tests, the company is strong and is growing tougher, and it is expected to continue development in the financial outcomes in 2008 and further than that. The corporation, in matters of business aircraft, had verified sales in 2007 having 1,413 sales contrasted with Airbus's 1,341.
The author further argues that the risks an organization takes when indulging in the global market is enough to completely paralyze an organization regardless of its size. However, the success in implementing effective supply chain strategies is enough to create a significant portfolio in an organization.
Sophisticated supply chains include management of used products towards re-entry into the supply chain at points where residual values are recyclable. Supply chains form the fundamental link to value chains.