Proposal Package for Riordan Manufacturing Essay
The Riordan manufacturing plant at Hangzhou China specializes in creation of fans for Riordan’s many customers. Based on previous years’ sales and the potential for improvement to meet customers’ demand, Riordan anticipates higher sales in the next one to two years. Team A has developed a proposal to improve sales forecasting at the Hangzhou plant to meet this demand. The proposal includes methods to improve inventory management, employee training and the manufacturing process through implementation of inventory tracking software, aggregate operations planning, and total quality management principles. The proposal focuses on material requirements planning, supply chain optimization, …show more content…
Supply Chain Optimization The optimal processes of supply chain can provide Riordan Manufacturing a certain advantage over its competitors in the marketing and production of its electric fans. To meet customer demand, Riordan’s [pic]supply chain process must concentrate on inventory management process in the system to fulfill the orders requested (Chase, Jacobs and Aquilano, 2006,). Riordan currently tracks its inventory manually at many points in the supply chain. With the implementation of an integrated inventory management system Riordan would be able to improve cash flow, inventory visibility, and decision-making as well as manage all the resources utilized to meet customer demand for its products.
Riordan must develop metrics to manage the supply chain so that it is efficient and they are able to deliver high quality products to its customers.[pic] Riordan will select suppliers to deliver the goods and services they need to produce their products. Supply chain managers will