Riordan’s manufacturing strategy

OPS 571 w4 Supply chain paper

new due sunday, only do highlighted part minimum 200 words

Determine Riordan’s manufacturing strategy (chase, level, or combination) and explain its benefits

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• Create a process flow diagram for the electric fan supply chain
• Select two metrics to evaluate performance of the electric fan supply chain
• Describethe 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
• Describehow lean production principles may be used to maximize the efficiency and effectiveness of the electric fan supply chain process
• Selecta 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