Analyze the processes that are used to produce the Plasti Brack product line. Determine appropriate productivity measures and then develop a productivity & process improvement plan. Justify your plan. Write a report to the VP of Operations.
•use the information provided in the Background readings. It is not necessary to do any additional research.
•Review the Notes 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., direct and indirect (overhead) 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