Supply Chain Analysis Project: Throx Company, SCM 301, Fall 2016
VerifiedAdded on 2019/09/20
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Project
AI Summary
This project analyzes the supply chain of Throx Company, a sock manufacturer, as part of the SCM 301 course. The assignment requires evaluating the company's current performance and recommending improvements across various aspects of its supply chain. This involves calculating forecast accuracy, determining optimal order quantities (EOQ) and reorder points (ROP), comparing inventory management costs, developing forecasts for the upcoming year, and making strategic recommendations regarding supplier selection, transportation modes, and warehouse location. The analysis uses both qualitative and quantitative methods, including supplier scorecards and cost comparisons, to justify recommendations aimed at optimizing the company's supply chain efficiency and profitability. The project also considers factors such as lead times, demand variability, and transportation costs to provide a comprehensive assessment and actionable insights for the company's management team. The ultimate goal is to improve Throx's supply chain performance through data-driven decision-making.