Reference no: EM132318968 , Length: word count:4000

Logistics and Operations Management Assignment -

Introduction - The module learning outcomes that are assessed by this assignment are:

1. Comprehensively understand the interrelationships and interdependencies between capacity, inventory and delivery performance.

2. Critically evaluate how to manage capacity, inventory and delivery to achieve effective and efficient operational performance.

3. Compare and contrast different tools and techniques for the planning and control of logistics and operations management and justify their use in a variety of operational environments.

4. Demonstrate awareness of appropriate technology and critically appraise how it can be applied to improve operations management within a supply chain.

Question 1 - State your team's name and the final net worth of your company.

Consider the interrelationships and interdependencies between capacity, inventory and delivery performance involved in the aerials production simulation exercise. Critically evaluate your team's strategies for forecasting, inventory management and capacity management.

Consider the impact of the combination of these strategies on your financial focused and customer focused objectives, along with level of penalty charges your group received? Ensure within your evaluation you clearly identify the strengths and weaknesses of these strategies.

Question 2 - You finished the aerials production simulation exercise having completed week 24. Table 2, below, shows the demand ratio patterns for both products, Standard and XL, from week 0 to week 35.

Create a detailed Master Production Schedule (MPS) for weeks 25 to 35 for your aerials business, including a material ordering plan.

Propose a suitable planning & control system for your company.

Justify your decisions, giving an explanation and appraisal, of the logic behind the schedule, development of your forecast, choice of planning & control system, assumptions you made, and risks associated with your plan.

Question 3 - Choose one of the core areas of Logistics and Operations Management: forecasting, capacity management, scheduling or inventory management. Select one digital technology and critically appraise how this technology is helping, or could help, a leading company in the industry improve this core area.

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Attachment:- Assignment Files.rar