Production Plan for Riordan Manufacturing
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Production Plan for Riordan Manufacturing
University of Phoenix
Production Plan for Riordan Manufacturing
Dr. Riordan started Riordan Manufacturing, a global plastics manufacturer, in 1991 as Riordan Plastics. In 1992 Dr. Riordan received business enterprise capital that he used to purchase a fan manufacturing plant in Pontiac, MI, when the company's name changed to Riordan Manufacturing, Incorporated. Production of fans at Riordan Manufacturing needs a plan. The plan includes strategic capacity planning to eliminate bottlenecks and use the Just in Time system. The lean production for a new process will establish a workflow process. The current supply chain process for the electric fans will analyze and allow revision of the plan, which will allow successful supply and demand to increase sales.
Strategic Capacity Planning
A strategic capacity plan developed for Riordan Manufacturing’s new Hangzhou Bay location to be profitable will offer a clear and well directed approach to determine total capacity for facilities, capital-intensive resources, equipment, and the total labor force needed for supporting the organization’s long-term competitive strategy (Chase, Jacobs & Aquilano, 2006). The impact of the capacity level is critical for the success of the Hangzhou Bay location because if it is inadequate and provides slow service, Riordan may lose customers. If capacity becomes excessive, Riordan may reduce prices for stimulating demand, underuse the workforce, have excessive inventory, and obtain less profitable products to stay in business (Chase, et al., 2006).
Before Riordan Manufacturing develops their strategic capacity plan, existing bottlenecks that include inventory and suppliers is eliminated. By using the Just-in-Time (J.I.T) method, Riordan will be able to reduce costs and deliver materials in an efficient manner. Strategic capacity planning is the total output a system will produce over a period with a long-term competitive strategy...
University of Phoenix
Production Plan for Riordan Manufacturing
Dr. Riordan started Riordan Manufacturing, a global plastics manufacturer, in 1991 as Riordan Plastics. In 1992 Dr. Riordan received business enterprise capital that he used to purchase a fan manufacturing plant in Pontiac, MI, when the company's name changed to Riordan Manufacturing, Incorporated. Production of fans at Riordan Manufacturing needs a plan. The plan includes strategic capacity planning to eliminate bottlenecks and use the Just in Time system. The lean production for a new process will establish a workflow process. The current supply chain process for the electric fans will analyze and allow revision of the plan, which will allow successful supply and demand to increase sales.
Strategic Capacity Planning
A strategic capacity plan developed for Riordan Manufacturing’s new Hangzhou Bay location to be profitable will offer a clear and well directed approach to determine total capacity for facilities, capital-intensive resources, equipment, and the total labor force needed for supporting the organization’s long-term competitive strategy (Chase, Jacobs & Aquilano, 2006). The impact of the capacity level is critical for the success of the Hangzhou Bay location because if it is inadequate and provides slow service, Riordan may lose customers. If capacity becomes excessive, Riordan may reduce prices for stimulating demand, underuse the workforce, have excessive inventory, and obtain less profitable products to stay in business (Chase, et al., 2006).
Before Riordan Manufacturing develops their strategic capacity plan, existing bottlenecks that include inventory and suppliers is eliminated. By using the Just-in-Time (J.I.T) method, Riordan will be able to reduce costs and deliver materials in an efficient manner. Strategic capacity planning is the total output a system will produce over a period with a long-term competitive strategy...