OPM500 - Operations Mgmt. for Managers Module 2 - Case - 10044

Solution Detail
Price: $30.00
  • From: Business,
  • Posted on: Mon 21 May, 2012
  • Request id: None
  • Purchased: 10 time(s)
  • Average Rating: (78) B+
Request Description

 

Case: the Excellent Manufacturing Company & Inventory

 

***SCENARIO***

 

COMPANY EMAIL

 

FROM: George Washburn

 

SUBJECT: Inventory Project

 

I am looking over your productivity and process improvement plan. I can see that you put some effort into it.

 

I want to put in writing what we discussed the other day about inventory issues in the Plasti-brack product line. I want you to do a thorough analysis of the inventory situation in the processes that generate these products. I want you to use your expertise and knowledge about inventory operations to determine a plan for improving the flow of the product, holding down inventories and costs, and making sure that we are accurate in our inventory records. Your analysis and plan will be used as a pilot and example for the other product managers to follow. So I am looking for an exemplary report with your plan, recommendations and justification.

 

Let me know if you have any questions as you proceed. Thanks. ~GW

 

****Click here to go to EMC**** 

 

***LEARNING WIZARD***

 

Assignment

 

Analyze the inventories that are used to produce the Plasti-brack product line. Determine an appropriate plan for improving the inventory situation. Justify your plan. Write a report to the VP of Operations. Consult the Statement of Inventories and your notes about inventory at EMC.

 

Expectations

 

·         Use the information provided in the Background readings. It is not necessary to do any additional research.

 

·         Review the your notes about inventory at the Excellent Manufacturing Company and become familiar with the various inventories for the Plasti-brack product line.

 

·         Analyze the inventories including the raw material inventories, work-in-process, and finished goods. How could you apply the EOQ method? What are the implications of process set-up times?

 

·         Determine and discuss other inventory issues that you think are occurring in the processes for the Plasti-brack product line, i.e. costs, inventory turns, inventory accuracy, and inventory storage and movement.

 

·         Determine a plan for improving the inventory situation in the Plasti-brack product line.

 

·         Justify your plan based on the concepts of inventory management.

 

Use the Grading Guideline for Case2 to organize your paper and make sure you are meeting expectations for the best grade possible. Click Here.

 

READ the information provided by the resources and references on the Background page. Understand the theory and concept of inventory, inventory turns, EOQ, and Lean.

 

Study the information about the Plasti-Brack product line and inventories. Understand the EOQ formula and how it can be used to reduce the shop order quantities. Calculate the current Inventory Turns. Estimate how much you can increase turns by using the EOQ. Determine other ways you can improve inventory management.

 

NOTE: If you use the references provided in the Background, then you do not need to include a Reference section. If you do decide to use additional references, then you need to cite them and include them in a References section.

 

The report should be 3 to 4 pages.

 

 

 

Case: the Excellent Manufacturing Company & Inventory

 

***SCENARIO***

 

COMPANY EMAIL

 

FROM: George Washburn

 

SUBJECT: Inventory Project

 

I am looking over your productivity and process improvement plan. I can see that you put some effort into it.

 

I want to put in writing what we discussed the other day about inventory issues in the Plasti-brack product line. I want you to do a thorough analysis of the inventory situation in the processes that generate these products. I want you to use your expertise and knowledge about inventory operations to determine a plan for improving the flow of the product, holding down inventories and costs, and making sure that we are accurate in our inventory records. Your analysis and plan will be used as a pilot and example for the other product managers to follow. So I am looking for an exemplary report with your plan, recommendations and justification.

 

Let me know if you have any questions as you proceed. Thanks. ~GW

 

****Click here to go to EMC**** 

 

***LEARNING WIZARD***

 

Assignment

 

Analyze the inventories that are used to produce the Plasti-brack product line. Determine an appropriate plan for improving the inventory situation. Justify your plan. Write a report to the VP of Operations. Consult the Statement of Inventories and your notes about inventory at EMC.

 

Expectations

 

·         Use the information provided in the Background readings. It is not necessary to do any additional research.

 

·         Review the your notes about inventory at the Excellent Manufacturing Company and become familiar with the various inventories for the Plasti-brack product line.

 

·         Analyze the inventories including the raw material inventories, work-in-process, and finished goods. How could you apply the EOQ method? What are the implications of process set-up times?

 

·         Determine and discuss other inventory issues that you think are occurring in the processes for the Plasti-brack product line, i.e. costs, inventory turns, inventory accuracy, and inventory storage and movement.

 

·         Determine a plan for improving the inventory situation in the Plasti-brack product line.

 

·         Justify your plan based on the concepts of inventory management.

 

Use the Grading Guideline for Case2 to organize your paper and make sure you are meeting expectations for the best grade possible. Click Here.

 

READ the information provided by the resources and references on the Background page. Understand the theory and concept of inventory, inventory turns, EOQ, and Lean.

 

Study the information about the Plasti-Brack product line and inventories. Understand the EOQ formula and how it can be used to reduce the shop order quantities. Calculate the current Inventory Turns. Estimate how much you can increase turns by using the EOQ. Determine other ways you can improve inventory management.

 

NOTE: If you use the references provided in the Background, then you do not need to include a Reference section. If you do decide to use additional references, then you need to cite them and include them in a References section.

 

The report should be 3 to 4 pages.

 

 

 

Solution Description

 

Case: the Excellent Manufacturing Company & Inventory

 

***SCENARIO***

 

COMPANY EMAIL

 

FROM: George Washburn

 

SUBJECT: Inventory Project

 

I am looking over your productivity and process improvement plan. I can see that you put some effort into it.

 

I want to put in writing what we discussed the other day about inventory issues in the Plasti-brack product line. I want you to do a thorough analysis of the inventory situation in the processes that generate these products. I want you to use your expertise and knowledge about inventory operations to determine a plan for improving the flow of the product, holding down inventories and costs, and making sure that we are accurate in our inventory records.

Attachments
OPM 500 Module 2 Case.doc
OPM 500 Module ...