Assignment Paper | homework crew

Assignment Paper | homework crew


: For your project report, you take the perspective of the promoters / owners ofthe business enterprise engaged in the manufacture of the product or provision of a service.Decision about the form of organization and region of operations etc. is a matter of your choice.Essentially, you will write the report assuming the reader to be your prospective investors and orcustomers, and try to address readers’ interests, questions and concerns in a professional mannerwith meaningful and clear explanations.In your project report you willfirst, outline the business and operations strategy, mission statement,core competencies, product and process design, and quality considerations in the manufacturingprocess for the product/service you have selected. Then you will proceed to analyze and select aproduction location or locations, forecast your production requirements, plan the capacity of yourproduction facility, schedule considerations, and establish the necessary supply chain partnerships.Additionally, you will need to discuss what your inventory management policies will be, and yourplans for implementing ERP and Lean management in your production facility. You will need toinclude the following sections specifically in your Project Report:1. Mission Statement that addresses minimally, what business will the company is in, who thecustomers are, and how will the company’s basic beliefs define the business.2. Strategy: How do you plan to gain a competitive advantage in the market place, or in otherwords, “what are your core competencies?” Try to address the question, whether your companywill compete on, cost, quality, time (speed), orflexibility? Or a combination of two or more ofthese dimensions, giving reasonable explanations.3. Results of environmental scanning (government regulations, trends, opportunities, threats,etc.) and the factors influencing your choice of product, process etc.4. A detailed descriiption of your product (include complete details of the component parts, andthe process of manufacture). You may also want to discuss,How did you pick your product?a) Idea development b) Product screening (alternate products considered etc.) c) Preliminarydesign and testing (pilot, samples, any market tests etc.) d) Final design (components, processes,material, machinery and other resources necessary to manufacture your product- including anyoutsourcing)5. How will you ensure consistent quality in your products and processes? How do yourcompany’s standards compare with the industry standards? Any bench marking etc.6. Forecasting: Decide what to forecast. Evaluate and analyze appropriate data (industry, regional, and national including demand data from a similar company). Select the forecastingmethod (quantitative, not qualitative) and justify your selection. Generate forecasts (please includeas attachments). How will you check accuracy of your forecasts? Will you forecast for seasonalityand if so, how? Explain.7. Operations planning: Determine the necessary “production capacity” of your facility basedon your demand forecasts. What productivity measurements will you use?8. Location Consideration: Describe the steps/analysis that you followed to determine the bestlocation for your facility. Discuss, a) Regional-national considerations, proximity to sources ofsupply, customers, or sources of labor. b) Community considerations (any use of break-evenanalysis or other technique), and c) Site considerations. Outline your supply chain strategy anddiscuss how it influenced your facility location decision (from raw material to customer).9. Manufacturing: Describe how you will manufacture your product (machines, labor, robotics,etc.). What type of manufacturing process layout will you use and why? Keep in mind that youwill most likely utilize just in time (JIT) to the extent possible. Also, recall the process ofmanufacture you chose, namely, continuous process,flow shop, cellular, job shop, project, or ahybrid (combination of two or more of the former)10. Develop a diagram (attachment) of the facility layout and justify your layout choice. Showhow the productflows through the facility from raw materials tofinished product.Note: Diagrams should reflect space requirements for each function (machine, operator, and WIP,etc.). Discuss briefly, what happens at each station, and show output at each station (pieces perhour or similar measure).11. How will you utilize “just-in-time” concepts in your facility? Discuss your Inventorymanagement policies and ERP implementation, if any.-o0oNote: Instructor reserves the right to make suitable adjustments to this document to clarify/amplifyany of the requirements above.Project Report- Formatting and GradingThe objective of the project is to enhance your learning of the material in this course by applyingtheories, concepts, and tools learnt in class to a realistic business case.Please use MS Word to develop your report. Be sure to read project descriiption (objectives andperspective) include at the end of the syllabus and follow the guidelines and instructions given. Agood project report must include the following details/sections. Please note that your report willbe graded using the rubrics appearing at the end of this document.1) Executive Summary: provides a brief summary of the project highlighting key points andstrengths included in the report. Such as, your product/service; organization type; scale ofoperations in terms of volume and financial outlay; regional, national, international reach;supply chain and logistics, key advantages over competition and any significant specialties.2) Sections: Include all sections as listed in the project descriiption document, such as.a) Mission Statementb) Strategyc) Environmental scanningd) Detailed descriiption of producte) Quality managementf) Forecastingg) Operations planningh) Location Considerationi) Manufacturingj) Facility Layout (diagram as attachment)k) Just-in-timel) Other pertinent details not included above3) References (sources used / cited in the report)4) All appendices – charts- tables –images (not included in the main body of the report – pleasedo not duplicate the material already included in main body of report).PROJECT REPORT FORMATTING GUIDELINESReport format must adhere to the following guidelines:a. Report must include a title page and table of contents.b. Report must not exceed fifteen (15) pages, including the title page, table of contentsexcluding any appendices.c. Pages must be standard 8 1/2″ by 11″ paper. Use Times New Roman font of 12-point sized. Follow APA Guidelines for formatting the report and citing references.e. You may use single, one and half or double-spaced format to suit your content.f. Report format must follow the same sequence of sections shown above. If information isnot available or a particular section is not applicable to your product/service, include astatement to that effect in the report.g. Creativity through design and use of pertinent value adding, meaningful graphics is

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