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Homework answers / question archive / Greeting i know how the math is wok for the below question, and i will post it down, what i need any discussing the results Discuss how these computations are integrated into a Supply Chain Plan
Greeting i know how the math is wok for the below question, and i will post it down, what i need any discussing the results Discuss how these computations are integrated into a Supply Chain Plan. What are the benefits in terms of effectiveness and efficiency within the supply chain?
The Best Beer Corporation has a beer-processing facility located in Columbus, Ohio. The beer facility has a system efficiency of 90 percent, and the utilization is 80 percent. Three sub-facilities are used for processing. The facilities operate five days a week and three 8-hour shifts per day. What is the rated weekly capacity for the facilityRated weekly capacity= Available time * Utilization * Efficiency
Available time= No.of hours a work center can be used
=3*8*5 =120 Hours for one facility
= 120*3 = 360 for 3 sub facilities
Utilization= 80%
Efficiency = 90%
Rated weekly capacity= Available time * Utilization * Efficiency
= 360*0.80*0.90
= 259.2 hours
System efficiency=90% utilization=80% no. of sub facilities=3 operates five days a week 8 hrs per shift
3 shifts per day
Rated capacity = no. of resources scheduled hours per period x Effective Capacity Utilization Capacity Efficiency
= (3x5×8×3) ×0.9×0.8
= 360xx0.9x 0.8
259.2
Therefore, 259.2 is the rated weekly capacity for the facility.
Discuss how these computations are integrated into a Supply Chain Plan. What are the benefits in terms of effectiveness and efficiency within the supply chain?
Demand planning, supply, manufacturing, inventory storage, and management, public transportation — also known as logistics — and the return of surplus or defective products are all included in supply chain management. Managing supply chains effectively requires a combination of business strategy, software applications, and collaboration with everyone involved.
It is clear from the calculation above that integrating a supply chain is a multi-step process that prioritizes the investments with the highest potential returns (Vieira et al., 2020). Various preferences and achievements can be delegated to supply different chain segments of a company based on strategies, requirements, and expected profits, among other considerations. In many ways, the integration process is a resource allocation exercise that can be time-consuming and expensive. “Functional shifting" is required for a successful supply chain. When reconfiguring such actions within the supply chain, it is essential to consider the shift in risks and benefits.
To enable close collaboration with the end goal of reducing costs, waste, production time, and response times, it is critical to connect as many places as possible in a completely integrated supply chain. An integrated supply chain encourages centralized management in order to ensure company-wide visibility rather than allowing different business features to operate independently. According to an Oracle survey, 82 percent of customers were able to improve on-time delivery by cooperating across the institution to maximize supply, production, and processes for new products.
A supply chain management information strategy is required because of the complexity of today's global supply chains. The data-driven SCM provides information from start to finish to monitor the flow of information, assistance, and goods from purchase to the production of a wide range of products (Di Vai & Varriale, 2020). Other factors contributing to efficient supply chain management include good sales and suppliers, cost control efficiency, securing the right logistics partners, and introducing integrated supply chain innovation.
While optimizing the supply chain is not an informal job, it delivers significant aids that improve the lowermost line. The following are some of the most important benefits of effective and efficient supply chain management.
Better Collaboration
For businesses, the flow of information is a significant source of concern. According to Oracle, 76 percent of companies do not have computer-controlled knowledge dissemination throughout the supply chain, and half believe that fragmented data results in missed sales opportunities. Products that integrate software and hardware eliminate bottlenecks and allow for the unified distribution of data, ultimately requires a complete picture of the supply chain from commencement to finish. The enhanced accessibility of information has provided supply chain managers with the ability to make more informed decisions due to the data they have access to.
Improved Quality Control
Arshad Hafeez, Global Supply Chain Management and Quality Specialist, SCM-Group Function (GF), explains how quality regulator matters adhere to ten rules in a CIO review essay. When a significant problem arises, the costs of replacing or repairing an item increase tenfold each time the process occurs, resulting in substantial business costs.
They have increased quality control welfares corporations that have more regulator over their contractors and their dealers. Direct traders, for example, can find and accompany secondary suppliers who meet these criteria by imposing minimum standard quality requirements. Process guidelines can also assist suppliers in meeting your company's quality standards.