MGT 300 Production and Production Management

Project

Project contents:

Mission 1: Introduction

a)Write an executive summery for the project and an introduction about XYZ Company (two pages)

b)Do a full descriptive statistic for the XYZ Company's demand, supply, Human resource,

c)What is XYZ Company's mode of operations? What is XYZ Company's Operations Strategy?

d)What is the productivity of the XYZ Company? Discuss two different recommendations to increase the productivity by 10%

Mission 2: Forecasting - Chose at least one product/service

a)Analyse performance of the product/service using trend line. Based on one-year historical data, predict the next quarter's demand using the double exponential smoothing method.

b)Assume there is a seasonality component, how you can adjust your prediction?

c)Evaluation of your Forecast using MAPE. Use your results to discuss the predicted values.

Mission 3: Capacity Planning

a)Discuss the XYZ Company's capacity strategy.

b)Analyse the performance of one of the production lines by calculating for a certain time: Actual production, Efficiency, Utilization, Capacity Cushion

c)Conduct a Cost-volume analysis for one of the production lines in the company

Mission 4: Inventory - For the chosen product/service in Mission 2

a)Describe the different inventory costs for XYZ Company. Calculate the EOQ (Q*)

b)Calculate the expected number of orders (N). Calculate the expected time between orders (T). Calculate the annual total cost (TC).

c)Use the production structure for the product to illustrate the BOM structure. Represent the Time-Phased Product Structure.

Mission 5: Supply Chain

a)Discuss the XYZ Company's supply chain strategy.

b)Explain the XYZ Company's supply design

c)Explain the role of two major drivers of XYZ Company's supply chain performance and evaluation.

d)In case if the comany depends on outsourcing some of the demand items, counduct an analysis to justify there decision. If nnt, choose one item and counduct a vertual ananlysis for the same.

Final Part

a)Write the Project Limitations and Conclusions

b)Write the Project Recommendations

c)Write the Project References.

Rules:

1.the project should be carried out by a group of 3-4 (max. 4) students, should be submitted only by one member of the group.

2.Each group must submit its report in the fourth week

3.Each group should present its work in an open discussion session.

4.Each student will be evaluated according to his performance during the presentation and his/her involvement in the project.

5.The project MUST be written and presented in good English.

6.The project MUST be between 11 to 15 A4 pages (using 11-font size -Times New Roman).

7.The project MUST end up with clear conclusions and a list of references according to and academic style.

8.The project MUST be well written and bind with a cover page as in the sample attached.