You are about to sell your business to a group of new investors having completed week 24 : DIPLOMA IN LOGISTICS & OPERATIONS MANAGEMENT Assignment, TP

Question 1

State your team’s name and the final net worth of your company.

Background

You are about to sell your business to a group of new investors having completed week 24. Please provide them with a detailed Master Production Plan (MPS) plan for weeks 25 to 35. Table 2, below, shows the demand ratio for both products, Standard and XL, from week 25 until week 35. Please note the demand ratio will change from week 30. So continue to forecast as demonstrated in the module.

For weeks 25-35 for your Aerials business simulation:

Make a detailed Master Production Schedule (MPS) for weeks 25-35
Explain the development of each element of your MPS
Propose, and justify, 1 suitable planning and control system for the new owners to invest in (see SECTION 7 of PDF MANUAL – on MS TEAMS)

Table 1 -Ratio Demand for the Standard and XL products

Time period
Demand for Standard
Demand for XL
Week 25 to 30

Week 30-35

100% as forecasted

100% as forecasted

50% in addition to standard

45% in addition to standard.

Once you have provided your MPS, critically evaluate your MPS and identify how the new owners can benefit from the MPS provided, in comparison to your team’s previous performance during the module commenting specifically on:

The impact on Unit Costs
Overcoming any weaknesses & increasing any strengths, with respect to capacity management inventory management and scheduling.

Question 2

Note: Please use the business you current work in, as the focus of Q2.  If you do not work in a business- you can select a business of your interest.

Identify how one developing technology is helping your business to (one of forecast, manage capacity, schedule manufacturing, or implement lean techniques) and discuss how this technology is, or could, improve the logistics and operations if effectively applied to your ‘company’.

Critically assess the application, identify the business benefits, discuss any challenges in implementing this technology to your company, and provide potential guidelines/policies that may encourage the uptake of the technology by the business, if it is not already implemented.

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