Planning of Production Pertaining to Medium

Added on - 16 Sep 2019

  • Dissertation

    type

  • 10

    pages

  • 2258

    words

  • 103

    views

  • 0

    downloads

Showing pages 1 to 3 of 10 pages
Running Header:PRODUCTION PLANNING – MERIDIAN WATER PUMPS – CASEANALYSIS1Production Planning – Meridian Water Pumps – Case Analysis
Production Planning – Meridian Water Pumps – Case Analysis2Executive SummaryThe focus of this report concerns the issues / concerns relating to planning of productionpertaining to medium sized pumps over the subsequent six months. As with most productionplanning, the company in this context also faces various limitations, concerns, specificplanning and control related issues across various support and production function toefficiently and effectively undertake production. The key issues facing the company includesthe fluctuating / cyclical demand for the productions which makes it difficult to plan itssupply levels, inventory management, people requirements, etc. On the basis of the dataavailable, the analysis of the production planning has been assessed by employing levelproduction planning, chase production planning, and mixed form of production planning.As per the level plan proposed, the overall cost of production works out to US Dollar 628,810and in terms of production planning it leads to shortages during month 4 and 5 as well asthere shall be one time hiring needs with no lay offs. As per the chase plan proposed, theoverall cost of production works out to US Dollar 625,550 and in terms of productionplanning it leads to no shortages as well as there shall be hiring needs / layoffs in all of themonths. As per the mixed plan proposed, the overall cost of production works out to USDollar 626,475 and in terms of production planning it leads to no shortages as well as thereshall be one time hiring needs and minimal layoffs in two months.Based on the assessments undertaken, it is proposed that the company adopt mixed form ofproduction planning thereby meeting the demand projections with efficiency andeffectiveness. This plan also has strategic significance and offers an ideal path towards longerterm growth potential.
Production Planning – Meridian Water Pumps – Case Analysis3Problem DefinitionThe focus of this analysis concerns the company called Meridian Water Pumps that focuseson manufacturing and selling smaller sized water pumps. In specific, the focus of this reportconcerns the issues / concerns relating to planning of production pertaining to medium sizedpumps over the subsequent six months. As with most production planning, the company inthis context also faces various limitations, concerns, specific planning and control relatedissues across various support and production function to efficiently and effectively undertakeproduction.At the outset, the key issues facing the company includes the fluctuating / cyclical demandfor the productions which makes it difficult to plan its supply levels, inventory management,people requirements, etc. In this context, to start with a reliable and detailed demandforecasting has been made available for the next six months. By basis upon this demandestimate, the most optimal production planning is assessed in terms of financial and strategicperspective by devising various different options and comparing them.AnalysisOn the basis of the data available, the analysis of the production planning is assessed byemploying level production planning, chase production planning, and mixed form ofproduction planning.Level Plan – Qualitative & Quantitative AnalysisDevelopment of the level form of production plan is critical to be undertaken. The overallaggregate demand as per the six month forecast undertaken is equivalent to 4,650 water pumpunits. As per the available inventory in current state as provided, the same is 50 and with the
desklib-logo
You’re reading a preview
card-image

To View Complete Document

Become a Desklib Library Member.
Subscribe to our plans

Unlock This Document