Supply chain decisions | Management homework help

 

Interview at least one real-world professional working in an operational area and write an analysis addressing the importance of supply chain management and how it works within a company. In addition, calculate the total manufacturing cost for a provided scenario.

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:

  • Competency 1: Assess the role of operations management within organizations.
    • Explain the importance of supply chain management to a company.
    • Discuss how alliances or partnerships with other companies support operations management strategy.
    • Describe the key tradeoffs associated with JIT manufacturing.
  • Competency 2: Apply the tools and technology used in operations management.
    • Describe supply chain management tools in association with operations management.
    • Describe how a company receives components and materials for its product or service.
    • Explain how a company’s component parts are integrated into the production process.
    • Describe the key tradeoffs made in outsourcing decisions.

 

Scenario

Suppose that you were recently hired as the operations manager for ABC Manufacturing, a small manufacturing company founded two years ago. The company has been reasonably successful since it was founded, but has recently been experiencing several production issues. You were hired to recommend and implement improvements to get the company back on track.

ABC’s president has indicated that they have already done some preliminary planning associated with manufacturing a new valve product. They have a final product design, and have done the preliminary planning to find suppliers for the individual components used in the valve.

However, the president is not sure about how best to set up the supply chain for this new product. For example, he thinks ABC might not have done an optimal job of designing the supply chain, including how and where inventory is managed for some of their current products. He is also generally aware of supply chain concepts such as just-in-time (JIT) manufacturing and outsourcing, but knows there can be complications and tradeoffs associated with those options.

The president has asked for your recommendations related to the supply chain for this new product, in relation to a specific outsourcing decision. You have decided it would be helpful to interview at least one operations manager at a different company to better understand the key concepts.

Preparation

In preparation for completing this assessment, interview at least one real-world professional working in an operational area. The goal of the interview is to gain an understanding of the way in which the company transforms inputs into useable outputs for its customers. This can be a small or large company, family-owned or public, service-oriented or product-oriented, a bakery, restaurant, or a car manufacturer. A good option might be your current employer. The purpose of this interview is to understand the importance of operations management through the eyes of the company. Many companies do not use all possible best practices, but they do incorporate some of them, or may be beginning to do so.

Be sure to cover at least the following questions in your interview:

  1. Why is supply chain management important to a company?
  2. What operations management (including supply chain management) tools are used by the company to support best practices?
  3. What alliances or partnerships does the company have with other companies?
  4. How does the company receive components and/or materials for its product or service?
  5. How are component parts integrated into the production process?
  6. What are the key tradeoffs associated with JIT manufacturing?
  7. What are the key tradeoffs in making outsourcing decisions?

Components

Complete both of the assessment components outlined below.

Interview Component: Once you complete your interview, use the information to write an analysis that accomplishes the following:

  • Explain why supply chain management is important to a company.
  • Describe operations management (including supply chain management) tools used to support best practices.
  • Discuss alliances or partnerships a company might have with other companies to support its operations management strategy.
  • Describe how a company receives components and/or materials for its product or service.
  • Explain how the component parts are integrated into the production process.
  • Describe the key tradeoffs associated with JIT manufacturing.
  • Describe the key tradeoffs in making outsourcing decisions.

Scenario Component: For the final component of this analysis, consider the following specific potential outsourcing situation:

ABC has determined it can manufacture the new valve product internally for $27,000 in fixed costs (FC) and $8 variable costs (VC) per unit. The company president has estimated ABC will sell 4,800 (unit volume = UV) of these valves each year. Jay Production, a small but highly reputable company specializing in outsourced mechanical manufacturing, has contacted ABC’s president, and offered to manufacture this new valve for ABC for an annual fee of $29,000 plus $6 per unit.

  • Provide the algebraic equation for determining the total annual manufacturing cost (TC) of the valve (using TC, FC, VC, and UV as variables).
  • Calculate and provide the total annual manufacturing cost if the valve is manufactured by ABC.
  • Calculate and provide the total annual manufacturing cost if the valve is manufactured by Jay.
  • Indicate which is better from a total annual manufacturing cost standpoint.

Additional Requirements

  • Written communication: Written communication should be free of errors that detract from the overall message.
  • APA formatting: Any references and citations should be formatted according to APA (6th edition) style and formatting.
  • Font and font size: Times New Roman, 12-point.
Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Custom Writings Help is a Quality-Oriented Company in Online Writing as a result of hiring exceptional professionals to execute clients' tasks.

Essays

Research Papers

At Custom Writings Help,We understand the struggle of research paper writing, and that is why at Custom WritingS Help, we are all out to help you. We pride ourselves on having a team of clinical writers. The stringent and rigorous vetting process ensures that only the 'BEST' Writers are chosen for the job. We have highly qualified Ph.D. and MA writers working with us; we equally offer these experienced writers specific bonuses and incentives to make them deliver highly original, unique, and informative content at reasonably low prices.

Admissions

Thesis Writing Service

Worlwide, Many Masters Students are struggling with Thesis Completion. A thesis is likely to be the longest and most challenging piece of work a student has ever completed. However, unlike essays and other assignments, a student can pick a particular interest topic and work on their initiative. Fortunately, we are there for you. At Custom Writings Help, you are assured of an authentic, imaginative, informative, linguistically great, and advantageous thesis that adheres to all your needs. So, why continue considering different writers when you have discovered the best in the field?

Editing

Custom Papers

Not a single student can avoid writing custom papers. However, a total lack of experience, skills, and time makes it very hard to produce a superb writing piece. Therefore, if you are seeking professional help, turn to us. Our specialized and experienced writers compose a variety of model papers, including custom essays, college term papers, research papers, book reports, MBA essays, executive summaries, dissertations, Ph.D. theses, admission essays, and research proposals for college and university students at any level.

Coursework

Essay Writing

Most of the students disregard the critical principles of essay writing and compose papers below sensible guidelines. Therefore, with Custom Writings Help, one should not worry about his/her essay. Our Writers compose informative and engaging content on all complexities and topics. We write meaningful and smart essays while prioritizing all aspects that bring about a good grade, such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines.

Coursework

Coourse Work Writing

Don't let the seemingly never-ending onslaught of writing assignments get you down. If you are looking where to get course work assistance online, the writers at Custom Writings Help are here to assist you with all of your writing needs. We undertake to unique delivery of papers that meet the professor's requirements. The content is proofread, edited, and checked plagiarism before submission to customers. No matter how big or small your work is, we will deliver on time. Try US Now! !

Coursework

Dissertation Writing Service

High-Quality Dissertation Writing Services are rare. They require Ph.D. academicians – not easily found. However, are an exception. The years, time, and resources we have invested in the dissertation world has given us a competitive advantage over others. Choose to come to Custom Writings Help; You will find perfect Ph.D. consultants who have written hundreds of dissertations theses ready to help you. Let our dissertation-writing services help you craft your dissertation, for you are assured we will give you the results.

× How can I help you?