Review the Riordan Manufacturing Virtual Organization.
Write down a paper of no more than 1,400 words which comprises the following:
Find out Riordan's manufacturing strategy (chase, level, or combination) and describe its benefits. Make a process flow diagram for the electric fan supply chain. Choose two metrics to assess performance of the electric fan supply chain. Explain the supplier relationship and the effects on the supply chain. As part of this consider the given: Type of relationship Supplier location, size of company and financial stability. Metrics utilized to measure supplier performance (on-time delivery, defects and so on). Supplier improvement strategies explain how lean production principles might be used to maximize the efficiency and efficiency of the electric fan supply chain process. Select a business forecasting method (qualitative or quantitative) for the electric fans and explain the forecasting process to be used at Riordan. Make a sales forecast for electric fans using selected methods. Develop Aggregate Production Plan, Master Schedule, and Materials Requirement Plans for electric fans based off the sales forecast. Be sure to comprise the given: Find out inventory requirements of the electric fans component parts and finished goods Select suitable inventory system (fixed order quantity, two bin method and so on) to meet inventory requirements.