Assignment 1
Write a paper of 600-800 words that discusses the following:
• Identify at least 5 of the risks or challenges today of the global sourcing concept.
o Discuss how a firm's global sourcing manager may address two of these.
• Given these challenges, what are at least 3 advantages of sourcing products or product components from global sources versus just a firm's own countries' suppliers?
APA format
Assignment 2
Part 1: Use the provided MRP template to develop a 6-week manufacturing resource plan (MRP), given the following information:
Download the MRP Template
• The finished product being produced requires 1 of component A, 2 of component B, and 0.5 of component C.
• The production plan is to have in inventory, ready for sale, 100 units by the end of each of weeks 1-3 and 200 of the finished units by the end of weeks 4-6.
• All the components A, B, and C must be available at the beginning of the planned production week.
• Lead times from the vendors for A, B, and C are 1, 2, and 3 weeks respectively
• Production takes 1 week.
(For example, you would want necessary quantities of A,B, and C in the factory on Monday morning so that the finished units would be available for sale at the end of that same week.)
Part 2: At the bottom of this template, describe the importance of accurate lead time and bill of material information to have an accurate MRP.
Attachment:- MRP_Template_Phase-2_IP.rar