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Recognize and apply logistics management techniques given internal capabilities. Production Plan Creation: Given the set of production requirements for one item, explain how you would
Recognize and apply logistics management techniques given internal capabilities.
Production Plan Creation: Given the set of production requirements for one item, explain how you would determine optimal batch size the best size or number of products per batch that will meet production requirements for a product considering the setup time and calculated demand patterns.
Production and Stockage Alternatives: Considering the required output for the product line, develop a single solution or mix of maketostock, maketoorder, or maketoengineer methods to fulfill projected demand.
Profit Potential: Given the set of costs and selling prices, determine and explain the optimal mix of two products a company could produce given the capacity constraints you identified previously.
Manage sourcing and inventory to minimize costs.
Inventory Levels: Determine inventory levels to minimize costs while considering the production schedule and projected sales. In other words, what would be the best number of each product to stock to meet projected sales while not wasting money on extra storage of unsold goods?
Inventory Management Evaluation: Discuss the effectiveness and efficiency of the inventory management process, considering key metrics such as inventory turn rate, stock outages, and carrying costs for products in the scenario.
Planning for Inventories: Based on historic and projected data, determine the likely inventory position for the companys products that balances the need to minimize costs with the need to avoid stock outages. In other words, explain the significance of notinstock rates for products in the scenario, based on product and demand schedules.
JustinTime JIT Inventory: For the given inventory consumption patterns, determine an opportunity to use JIT inventory techniques to reduce warehouse needs while not starving production capacity. In other words, determine JIT inventory needs for a segment of a production line for a single day.
Manage a physical distribution system to minimize costs.
Physical Distribution Process: Based on the inventory requirements, develop a physical distribution process for the company that is focused on necessary square footage of warehouse space for given inventory levels.
Warehousing Effectiveness: Given the set of required inventory, evaluate the effectiveness of the warehouse operations. Consider the following key metrics: receipt of raw goods, stowing, shipping, and warehouse relocation.
Shipping Management to Minimize Costs: Develop a plan to deliver finished goods to customers within given shipping requirements for the companys products while minimizing costs.
Warehousing Utilization: Determine the effectiveness of warehouse utilization for the required inventory. Consider space utilization rates for commodities.
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