THE FUNDAMENTAL OF LOGISTIC MANAGEMENT AND STRATEGY Xi-Er Dang Abstract This paper provides a basic but fundamental understanding of logistic primarily based on the book of “Logistics Management and Strategy” by Harrison and van Hoek. It will guide you through from the basic definition and concepts to the different supply chain strategies that exist‚ as well as providing a perception on the future logistic development. Explanation of principal terms like logistic‚ supply chain management and
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MGT 502 Final Review Questions 1. List and explain the three ways to decrease process throughput time. 1) Perform activities in parallel a. A serial approach results in the throughput time for the entire process being the sum of individual steps plus transport and waiting time between steps. Using a parallel approach can reduce throughput time by as much as 80 percent and produces a better result. 2) Change the sequence of activities b. Altering the sequence of activities
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will address the malfunctions and a revised electric fan production plan. Implementing a new MRP II System will allow for enhance forecasting as well as a more integrated supply chain with all the company components. The MRP for the manufacturing of the Riordan electric fans Riordan Manufacturing receives a yearly estimate of orders with customer-defined specifications. When implemented‚ the new MRP II Systems will determine how much and when to manufacture the specific electric fans required
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Operations Management II Assignment 2 Total (115) Marks Weightage 15% |Q1 |Q2 |Q3 |Q4 | |Milling |1 |3 |2259.72 | |Painting |2 |2 |3756.92 | |Riveting‚ inserting studs |2 |1 |712
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Process Design for Riordan Manufacturing OPS/571 January 24‚ 2011 Stephanie Coleman Process Design Riordan Manufacturing produces electric fans out of its plant in China. This proposal package will discuss the process design‚ which will concentrate on all of the cycles of manufacturing the electrical fans. This proposal will also cover how to use supply chain concepts to eliminate bottlenecks to effectively meet demands of customers. Also this proposal will discuss production forecasting
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Introduction One of the most important things in a manufacturing company in order to obtain profit is to have a high level of quality and a minimum level of investment. This is the key that every company wanted to find during the years. In order to maintain a high position on the market and a competitive advantage‚ the implementation of a manufacturing strategy is very important. LITERATURE REVIEW The history of lean operations One of the first who found a solution in eliminating waste
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com/manufacturing-resources-planning-reference/manufacturing-resources-planning Manufacturing resource planning‚ also known as MRP II‚ is a method for the effective planning of a manufacturer’s resources. MRP II is composed of several linked functions‚ such as business planning‚ sales and operations planning‚ capacity requirements planning‚ and all related support systems. The output from these MRP II functions can be integrated into financial reports‚ such as the business plan‚ purchase commitment report‚ shipping
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Supply chain managers outsource logistics to meet three goals: Drive down inventory investment‚ lower delivery costs‚ and improve delivery reliability and speed. What is transferring a firm’s activities that have traditionally been internal to external suppliers? Outsourcing A supply chain ends with A satisfied customer The advantage of having few suppliers is to Form a long-term relationship Which negotiation strategy bases price on a published‚ auction‚ or index price? Market-based price
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Homework Assignment Week 4: questions & problems Chapter 13 - Discussion Question # 3‚ page 539: Define aggregate planning – Also known as aggregate scheduling is concerned with determining the quantity and timing of production for the intermediate future‚ often from 3 to 18 months ahead. Chapter 13 - Discussion Question # 5‚ page 539: List the strategic objectives of aggregate planning. Which one of these is most often addressed by the quantitative techniques of aggregate planning? For manufacturers
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adapt repetitive manufacturing concepts to lower volume complex products. The following outlines the assessment‚ incorporation‚ and feedback experienced by Hewlett-Packard when adopting a JIT manufacturing concept for their line of complex‚ low-volume‚ 9000HP computer line. Methodology A common approach to JIT repetitive manufacturing is the progressive assembly line consisting of man and or machine resources. In order to prevent bottlenecks and inventories‚ these lines are sought to be balanced
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