24 Jun DESCRIBE HOW LEAN PRODUCTION PRINCIPLES MAY BE USED TO MAXIMIZE THE EFFICIENCY AND EFFECTIVENESS OF THE ELECTRIC FAN SUPPLY CHAIN PROCESS
Review the Riordan Manufacturing Virtual Organization. Write a paper of no more than 850-words that includes the following: 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 APA Format
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