...the Engineer in the Value Chain 49680: Value Chain Engineering Systems Assignment 1 LE Ngoc Thang 11187604 Table of Contents 1. Summary 5 2. Introduction 6 3. Value Chain 7 4. Engineering in Value Chain 9 4.1 Inbound Criterions 10 4.2 Warehouse management Criterions 11 4.3 Logistics Operation Specifications Criterions 11 5. Conclusion 14 6. Reference 15 Table of Figures Figure 1 Supply chain of a Router 7 Figure 2 Engineering Value Chain model 9 Summary This report focuses on the key component of a business, which is Value Chain. Value Chain, as Michael Porter's definition is those activities that add value to the products and/or service provided by the company. Additionally, to achieve advantages over competitors, those activities should be run at an optimized level with careful research and strict supervision. In the first part, Supply Chain and Demand Chain are researched and in the second part, a particular industry sector will be taken into consideration to shed light on the role of engineering and by that reveal the importance of engineering in the management of Value Chain. (Porter 1985) Introduction Nowadays enterprises are facing a number of issues to maintain and expand their business. With those that manufacture goods or provide services should be aware of the importance of Value Chain in order to deeply know the flow of raw material from suppliers to end-users for example. This report gives a brief view over Value Chain system and Engineering roles...
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...Supply chain management helps organizations effectively satisfy customers. As a series of individual functions, the supply chain follows production from conception to delivering a product to the end consumer. The supply chain is made up of interconnected segments that must cohesively work in conjunction with one another in order to achieve the common goal. The point of a supply chain is to systematically orchestrate all parties, directly or indirectly, associated with turning raw materials into products and the distribution of those products, which includes transporting, storing, and supplying those products to retailers for customer consumption. Each link in the supply chain is valuable, interconnected, and interdependent. Although a supply chain can vary depending on the goods or services produced, this paper will explore the basic supply chain links and the value found in the raw materials supplier, manufacturer, distributor, retailer, and end consumer. The importance of managing the supply chain rests in the ability to give the customers what they want when they want it. Although it may sound simple, this task offers challenges when a business factors in the obstacles that can arise along the supply chain. For example, a manufacturer of automobile parts depends upon a supplier to provide the materials needed to build the part, but the manufacturer also considers the barriers that might hinder the supplier in providing the material for the parts. Hiccups in the supply chain...
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...AT&T Global Operations Management AIU Unit 5 Assignment Abstract Addressing the significance of quality management and quantity with the global context of an organization that transports goods and/or services globally is what this paper will discuss. Also would this help update operations and attain efficiencies between operating departments and are there any main concerns? AT&T There are many organizations that transport goods and/or services globally, one specific organization is AT&T. The background of AT&T and the components of its supply chain are an important part of the company. The components of the supply chain can have potential problems but there are ways to solve these problems. Quality management within a global context is important. Some companies have employed an enterprise resource planning system to help reorganize their operations and attain efficiencies between operating departments but certain concerns have to be addresses before it can be implemented. An organization that delivers goods and services globally is AT&T. AT&T has an organization that is in charge of exchanging and constricting goods and services nationally and internationally which are the AT&T Supply Chain and Fleet Operations. This organization is also in charge of ensuring quality and value for the customers (Suppliers, 2012). Formally known as American Telephone and Telegraph Corporation, or AT&T Corp. is as old as the telephone itself and in 1875 the inventor Alexander...
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...merchandise, vitality, data and different assets like items, administrations, and individuals, from the wellspring of creation to the commercial center. It is hard to fulfill any promoting or assembling without logistical backing. It includes the incorporation of data, transportation, stock, warehousing, material taking care of, and bundling. The working obligation of logistics is the geological repositioning of crude materials, work in procedure, and completed inventories where required at the most reduced cost conceivable Logistics and Supply Chain services are given by an extensive variety of outsider suppliers Components of Logistical System- Five components combine...
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...Finally, both industries require capital investment in equipment that allows their employees to do their work. The primary difference is that most of the cost of manufacturing labor is involved in procuring, transporting and manipulating physical material, while almost all service industry labor is expended on manipulating information and developing relationships. Because of this difference, capital investments in machinery and equipment are typically much higher in the manufacturing industry. Logistics Traditional manufacturing supply chain management focuses on logistics in terms of moving physical material from one location to another. The size and weight of objects being shipped and the distance from the supplier to the manufacturing facility can play a major role in the cost of the product. In service organizations, particularly in the financial sectors, these factors are irrelevant because no physical product is moving except perhaps a few sheets of paper. While the manufacturing industry tries to negotiate better shipping rates and fill containers with product to reduce unit cost, the service industry upgrades servers and installs new software to speed the flow of communication, thereby reducing the labor costs necessary to produce a finished product. Finished Goods Traditionally, a finished good is a product that has been completely transformed from a raw material form to a form that is ready to sell to the customer. It's a physical unit that has been assembled, tested and...
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...Grainger Inc. A Profile 24 April 2014 Abstract This paper will profile Granger Corporation. It will discuss, characterize and analyze the organizations supply chain. We will first look at the company’s supply chains current issues and patterns, along with several competitors, analyzing supply chain performance with them. Finally we will discuss strategic considerations and recommendations, along with alternative solutions, and recommendations. Organizational Profile, Kent Sheffield W.W. Grainger, Inc. operates as a distributor of maintenance, repair, and operating (MRO) supplies; and other related products and services that are used by businesses and institutions in the United States and Canada. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, building and home inspection supplies, and vehicle and fleet components. It also offers inventory management and energy efficiency solutions; various industrial and safety supplies; tools, fasteners, instruments, welding, and shop equipment; and safety footwear, supplies, and services, as well as distributes metalworking products, production supplies, and MRO materials . (“This is how”, 2014) The company sells private label brands under its registered trademarks, such as DAYTON, SPEEDAIRE, AIR HANDLER, TOUGH GUY, WESTWARD, CONDOR, and LUMAPRO; and offers its products through...
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...Executive Summery Rajnigandha Melamine Ltd produces melamine tableware as make-to-stock philosophy. It stocks its finished goods inventory in own warehouse sells the products from an outlet. Customers are the end consumers and independent retailers. This distribution network we call ‘manufacturer and retail storage with customer pickup’. Rajnigandha sources its raw materials from China and Taiwan uses independent transport agency for inbound transportation. Raw materials are stored in the factory which minimizes inventory cost. The company focuses on efficiency not on responsiveness. Customers get the facility of same day pickup but not much differentiation. This company’s success depends on how they collaborate with its suppliers and customers. What Kind of Products is Melamine? Functional kind of product. Demand is uncertain. Main rivalry is the ceramic products. Volume of SKUs is high. Demand is same throughout the year except for the Eid-season. 1 Chapter 1 1.1 Introduction Rajnigandha Melamine Ltd was established in 1991 in Chawkbazar, Dhaka. It was first established with a view to produce plastic products. From 2001 they started to produce melamine tableware’s. They produce more than 130 items and more than 1000 models including melamine bowl, plate, condiment dish, serving tray, stewing pot, lunch box and teacup. Company Profile Business Name Business type Year of Established Total Employee Number Business...
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...TABLE OF CONTENTS Title Page Question Paper Answer 1 Answer 2 Answer 3 Answer 4 Soft Copy 1 2 4 5 6 8 Question 1, What types of decisions must Chad Thomas make daily for his company’s operation to run effectively? Over the long run? In operation managements, there are basically ten critical decisions. Those are; Service and product design, Quality management, Process and capacity design, Location, Layout design, Human resources and job design, Supply-chain management, Inventory management, Scheduling, and finally Maintenance decision. Based on Chad’s Creative Concepts case study, I can conclude that Chad Thomas is now need to make those decisions to make sure the operation of his company flows effectively without stopping at any stage up to the current situation. The situation that Chad is facing is between the manufacturing and turn over. There is no problem with his existing staffs according to the case text. Therefore, Chad now needs to focus on inventory, scheduling, and maintenance to make the right decisions for each of it. Based on text, his manufacturing of standard line has many raw materials in manufacturing as work in process. This makes the progress is slow and caused Chad’s company unable to make a good turn over. They came across a critical situation as their finance status is not promising and not satisfying. Now, he need to make scheduling decision to make sure there is not many raw materials...
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...know IKEA is one of the Global furniture companies whose objective is to give inexpensive furniture to all class of people. By this objective our team is able to identify 3 CSF of IKEA * To provide less expensive and better quality product * Creating a Unique Brand image. * To become one in Global distribution network. Further we identified IKEA ICT which supports business process in gaining competitive advantage .By continuous process improvement and Design and product development IKEA was successful in this industry. We have also explained few examples of IKEA technology in improving their inventory and production management. There is a business case on Application portfolio on one such ICT Vendor management Inventory. Detail discussion on implementing this ICT how IKEA is benefited in their Global distribution and inventory management. By end of this assignment we know how information technology and by using this technology in organisation we can reach heights of success. * 2.0 Introduction IKEA was founded by Ingvar Kampard. It has 315 Stores in 41...
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...Prabir Singh Mobile: +91-09437159270 ~ E-mail: singhprabir@yahoo.com ~ Curent Location : Cuttack, Odisha, India Seeking managerial level assignment in Techno-Commercial Quality Raw Material Materials Management Procurement & Purchase Inventory Management Commercial Operations Office Management (Paper/Tyre / Rubber processing/ Carbon Black Industry/ Chemical/Steel/processing industry/Trading Houses) ------------------------------------------------- ------------------------------------------------- High accomplished professional; hold more than two decades of enriched experience in Techno-commercial function of raw material testing/handling/logistics, laboratory operations, Compound mixing & development, material & source development (both domestic & overseas). ------------------------------------------------- ------------------------------------------------- Demonstrated abilities in development of new source & material as per industry requirement. Intensively travelled various parts of the country and China for development & procurement of Bead Wire, Carbon Black, Polymer, tyre cord fabric, Natural Rubber, rubber chemicals & coal. ------------------------------------------------- ------------------------------------------------- Offer active participation in factory level scrap control and auditing related to ISO, TS16949, OHSAS & SA8000 activities. ------------------------------------------------- ...
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...initiatives internally to incorporate the various implications of the new strategy, and submit his report to his boss Max Brisco with the changes suggested by him within a week. The major challenges that Rick faces include: • Change from responsive to anticipatory model of production. • Increase inventory turns from present 4 times to 20 times. • Eliminate material shortages and stock outs. • Reduce cost of purchased goods by 10%. • Reduce custom lead time from 14 weeks to 6 weeks. • Eliminate discrepancies with inventory records. • Keep-up with the increased competition in the industry. Analysis of key issues & options • Interpretation of new corporate strategy. In our view the key issue is to find out how to adapt the supply chain strategy from a responsive model to an...
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...1a. The value chain comprises the following primary activities: inbound logistics, operations, outbound logistics, marketing and sales, and service. It also includes four support activities: infrastructure, procurement, human resource management, and information technology. Together the activities represent the ways an organization creates value for its stakeholders: vendors, customers, employees, stockholders, and others. 1b. The sales/collection process is concerned with providing goods and services to clients, then collecting the related payment. 1c. The sales/collection process comprises seven steps: a. Take a customer’s order b. Approve the customer’s credit c. Fill the order based on approved credit d. Ship the product e. Bill the customer f. Collect payment g. Process uncollectible receivables as necessary. 1d. Sales Order Packing Slip Bill of lading Invoice Check Remittance Guide Deposit Slip 1e. Internal controls in the sales/collection process should be based on a comprehensive risk analysis. Depending upon its risk exposures, an organization can implement internal controls such as document matching, separation of duties, bank reconciliations, and formalized policies for granting credit to customers. 1f. 1) They only accept checks. Dan should not collect payment, makes deposits, and reconcile the bank statement. 2) They should have a person collect the check, another person deposit the check, and a third person deposit...
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...Materials Management: © The McGraw-Hill Companies, 2007 Create Value for People Managing the Production and Flow of Goods and CHAPTER 12 Operations and Materials Management: Managing the Production and Flow of Goods and Services Learning Objectives After studying this chapter, you should be able to: 1. Describe the nature of the operations and materials management process and explain how it can create a competitive advantage for a company. 2. Identify the five main components of operations and materials management costs and the methods companies use to reduce them. 3. Differentiate between the three major kinds of operating systems companies use to produce goods and services. 4. Understand the way total quality management can significantly improve both quality and productivity. WHY IS THIS IMPORTANT Flour, eggs, sugar, baking powder, chocolate, and shortening don’t create much excitement when they are in the kitchen cupboard. They create a lot more excitement when someone transforms them into a cake. Whether it’s a cake, a computer, or a legal docu- ment, operations and materials management processes create value in a household or a company. A company’s operations require inputs such as raw materials or parts and the skilled people and equip- ment to transform them into useful products. After you read this chapter, you will understand why the management of a company’s supply chain and trans- ...
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...OM 2 Chapter 1: Goods, Services, and Operations Management Problems, Activities, and Discussions 1) Explain how operations management activities affect the customer experiences described in the anecdote at the beginning of this chapter. What “moments of truth” would a customer at Disney World encounter? Think about the total experience including lodging, food service, shopping, and transportation, as well as theme park attractions and operations. The anecdote of a Disney experience focuses on the role of goods, services, and processes in creating customer satisfaction. Students will have many great examples of their Disney or theme park experiences. Moments of truth might include (a) booking a Disney vacation and the associated service encounters with a call center and/or travel agency (b) parking at the Disney site and taking the shuttle, (c) asking Disney employees for directions, (d) waiting for a ride or attraction, (e) where to throw away trash (trash cans located at key points and about every 25 to 50 feet, (f) watching a Disney parade, and so on. Whatever the student describes make sure you lead them into a discussion of key lessons that focus on the role of OM such as (1) process design and customer flows, (2) service encounter design and Disney employee training, (3) integrating goods and services into a CBP, (4) the importance of service management skills, (5) how services differ from goods, (6) biztainment, and (7) a continuous improvement...
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...Maxi Pharmaceutical, Inc. To ensure quality and product reliability the company had evaluated three different suppliers of laminated film. The application of the metrology and measurement principles on testing the thickness through Upright Gage Series 547 from Mitutoyo (Figure 2) ion for the main and ongoing supplier for this raw material. Introduction Qualification of Raw Materials (RM) suppliers is critical on a pharmaceutical process since product quality is straightly related to the specifications attained to the materials used. FDA has established strict regulations to be accomplished by drug manufacturers to ensure quality, efficacy and safety. Companies usually deploy significant resources to assess raw material suppliers’ chain previous to launch a new product to the market. All the materials should be approved using the Company’s Change Control Procedures and /or Supplier...
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