Review the Riordan Manufacturing Virtual Organization.
Write a paper of no more than 1,400-words that includes the following:
Determine Riordan's manufacturing strategy (chase, level, or combination) and explain its benefits
Create a process flow diagram for the electric fan supply chain
Select two metrics to evaluate performance of the electric fan supply chain
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