Project Part #1
The goal of Part #1 of the project is to outline the business and operations strategy, mission statement, core competencies, and product and process design for the product you have selected. Additionally, the purpose of Part #1 of the project is to forecast your production requirements for the future. You will need to include the following in the Paper and in the Presentation:
[SEE CHAPTERS 1-3 FOR
THIS PART OF THE PROJECT]
1.
a) What business will the company be in?
b) Who will the customers be?
c) How will the company’s basic beliefs define the business?
2. How do you plan to gain a competitive advantage in the market place (your core competencies)? Make sure to cover your competitive priorities (which of these will your company concentrate on?)
a) Cost
b) Quality
c) Time (speed)
d) Flexibility
3. Results of environmental scanning (trends, opportunities, threats, etc.)
4. A detailed description of your product
5. How did you pick your product?
a) Idea development
b) Product screening (example of break-even analysis-attachment)
c) Preliminary design and testing (prototypes, limited market tests, etc.)
d) Final design (description of resources necessary to manufacture your product)
[SEE CHAPTERS 8 &
9 FOR THIS PART OF THE PROJECT]
6. Forecasting steps
a) Decide what to forecast.
b) Evaluate and analyze appropriate data (feel free to utilize past production demand data from a similar company or product).
c) Select
the forecasting model (quantitative, not
qualitative) and defend your selection.
d) Generate forecasts and show as attachments.
e) How will you check accuracy of your forecasts?
f) Will you forecast for seasonality and if so, how?
7. Determine the necessary production capacity of your facility based on your demand forecasts and determine what input and output measures you will utilize for productivity measurement.
Project Part #2 (not to be done at the
same time as Part 1)
The purpose of Part #2 of the project is to analyze and
select a production location or locations, and planning the capacity of your
production facility. Additionally, you will need to determine what your
production facility will look like and how it will function. You will need to include the following in
the Paper and in the Presentation.
[SEE CHAPTERS 9 &
4 FOR THIS PART OF THE PROJECT]
1. Describe the steps/analysis that you went through to determine the best location for your facility. Identify dominant location factors for your product and location:
a) Proximity to sources of supply.
b) Proximity to customers.
c) Proximity to sources of labor.
d) Community considerations.
e) Site considerations.
f) Quality of life issues.
2. Indicate how you evaluated your location alternatives (factor rating or load-distance model and provide as attachment-at least two locations).
3. Outline your supply chain strategy and discuss how it impacted your facility location decision (from raw material to customer).
[SEE CHAPTERS 10, 3,
& 9 FOR THIS PART OF THE PROJECT]
4. Describe how you will manufacture your product (Machines, labor, robotics, etc.). Discuss to what extent will you utilize a “team” approach in job design (# of workers in the team and how they interact) and why.
5. What type manufacturing process layout will you use and why? (keep in mind that you will be required to utilize JIT in some fashion)
a) Process (usually intermittent operations-excellent for utilizing group technology)
b) Product (can be line or continuous process)
c)
Hybrid (combination of both)
[SEE CHAPTERS 10
& 7 FOR THIS PART OF THE PROJECT]
6. Develop a diagram (attachment) of the facility layout and justify your layout choice. Show how the product flows through the facility from raw materials to finished product.
a) Diagrams should reflect space requirements for each function (machine, operator, and WIP, etc.).
b) Discuss what happens at each station.
c) Show output at each station (pieces per hour or similar measure).
7. How will you utilize “just-in-time” concepts in your facility (be specific, discuss at least 3 JIT concepts)?