Reference no: EM132883614

ES961-10 Logistics & Operations Management - University of Warwick

Learning outcome 1: Comprehensively understand the interrelationships and interdependencies between capacity, inventory and delivery performance.
Learning outcome 2: Critically evaluate how to manage capacity, inventory and delivery to achieve effective and efficient operational performance.
Learning outcome 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.
Learning outcome 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.

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 until week 35.
For weeks 25-35 for your Aerials business simulation;
• Explain the development of each element of your Master Production Schedule (MPS)
• Create a detailed MPS including material ordering plan
• Propose (and justify) a suitable planning and control system for you company

Table 2 - Capacity and demand ratio pattern for the Standard and XL products

Stage	Time period	% Demand for Standard	% Demand for XL
1	0 to week 20	100%	0%
2	Week 21 to 26	100%	+50%
3	Week 27 -35*	70%	30%

*Identify the total demand (Standard +XL) in Stage 2, then for Stage 3, apply the new % ratio to the total (Standard + XL from Stage 2).

Then, critically evaluate your MPS and identify how it will improve on your team's previous performance during the module on:
- cash flow,
- overcoming any weaknesses & increasing any strengths, with respect to forecasting, capacity management and inventory management,
- management of any risks associated with your proposed MPS (further reading on risk management should be undertaken).

Question 2

Select a ‘leading company' from a MarketLine ‘industry profile' report for ‘Pharmaceuticals'; MarketLine has a range of industry profile reports for ‘Pharmaceuticals' for different regions (e.g. Global, Europe, Asia-Pacific) and for individual countries (e.g. UK, China, India). Each report includes overview information on the leading companies in that particular geographic area. The University of Warwick's MarketLine database can be accessed.

Undertake further research on your selected company and then, select one area from the module (forecasting, capacity management, inventory management or scheduling & planning) and identify onedeveloping technology/digital technology that you believe is, or could, improve the logistics and operations if effectively applied to your ‘leading company'. Critically assess the application, identify the business benefits, and discuss the challenges in implementing this technology to your company.

Attachment:- Operations Management.rar