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Opening Remarks Supply chain management is an important element of business for all industries. The management, control, and advancement of a chosen system combine to create the pinnacle of a company’s success. The following report will be a compilation of options and recommendations for the company based on the most recent information available for this field of study.
II. Supply Chain Strategies The supply chain strategy a company chooses is an important factor that is highly dependent on the type of business the company conducts, but is dependent on the efficiency of the system chosen. Because our company is producing products to be sold in retail outlets, it is important to employ a strategy that will permit fast turnover. Below is an evaluation of the options available for company trial and a recommendation based on the facts. The virtual company is the most modern supply chain strategy being tried by enterprises around the globe. This type of corporate organization involves a parent company, outsourcing different tasks to subsidiaries
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Subject: Task 1
To enhance the present workflow, it is important for the management to arrange the production process such that there are five workstations where each workstation has its own task.
In order to determine the minimum number of stations that will enhance efficiency at the plant, one needs to determine the cycle time (Heizer & Render, 2010).
Cycle time = Production Time available per day/ Units required per day.
Since, there are 40 work hours in a week; we can assume each day has 8 hours and 60 minutes allowed for work per hour
The cycle time = 10 minutes per unit which is the time between completion of units.
To determine the minimum number of work stations, we proceed as follows
Min # of work stations =
Therefore, the minimum number of stations is approximately, 5 stations. This arrangement is 92% efficient as illustrated below.