A) Describe how lean production principles may be used to maximize the efficiency and effectiveness of the electric fan supply chain process.
B) Select a business forecasting technique (qualitative or quantitative) for the electric fans and describe the forecasting process to be used at Riordan.
C) Create a sales forecast for electric fans using selected techniques.
D) Develop Aggregate Production Plan, Master Schedule, and Materials Requirement Plans for electric fans based off the sales forecast. Be sure to include the following:
- Determine inventory requirements of the electric fans component parts and finished goods
- Select appropriate inventory system (fixed order quantity, two bin method, etc.) to meet inventory requirements.