Summary Swisher Systems Corporation (SSC) is an industrial heating company that was established in 1949 (W.C. Benton, 2010). SSC is an innovator of flexible heating products, particularly with its knit and braided heating element. The heating element consists of a multi-stranded resistance wire which is knit and braided with fiberglass and is the center technology for most of all the Swisher Systems’ products. Swisher is also known in the heating industry as being the highest quality flexible heat supplier which manufactures control devices and heating cable. SSC holds several patents that support the company in sustaining market share. The patented grounded heating element provides extra safety that their …show more content…
After he completes his manual analysis, he then prioritizes which suppliers should be called first. Mr. Watkins manually phone, fax or email the purchase order to the suppliers.
2) Current inventory level – Every few days, Mr. Watkins performs a detailed analysis of inventory. He looks for trend that could establish larger-volume buying or reduction in inventory that the MRP action report would not recommend. There are times when volume discounts apply and he consults with the CFO of SSC to determine what the most profitable alternative is for SSC. The decisions are always made by Mr. Watkins and the CFO.
3) Interaction with people who use the part – Mr. Watkins frequently visits the plant floor and talks with the workers to see if there are any concerns with materials. If a need exists, a requisition form is filled out and the purchase will be made. These requests are usually from members of the engineering team and each engineering manager is responsible for forecasting, quality, and controlling cost for his/her specific section.
This routine is done every day which takes up quite a bit of Mr. Watkins time also is using quite a bit of paper. Even though the SIM 4500 MRP program prepares the report, Mike relies on his memory to make most of the decisions. Swisher utilizes an inventory requisition form that is manually completed by anyone who removes inventory from the stockroom. This relieves the inaccuracy in inventory as materials are moved in and out
W.W. Grainger, Inc. is a business-to-business distributor of products used to maintain, repair, and operate facilities across the globe. Institutions worldwide rely on Grainger for products such as safety equipment, janitorial supplies, valves, and various electrical components, along with services such as technical support and inventory management. These customers consist of industries including hospitality, manufacturing, healthcare, and government. (Grainger Company Snapshot, 2015)
ReferencesJoansson,J2008,http://bsminfo.com/index.php?option=com_content&task=view&id=625&Itemid=147, accessed 15/05/2009Li, Y, Yu, J & Xu, L 2006, 3PLs in supply chain management, http://www.globrand.com/2006/18441.shtml, accessed 12/05/2009Rudnick, M 2008, Best Buy, Super-Regional See Major Gains in White Good, http://www.allbusiness.com/company-activities-management/sales-selling-sales/9341175-1.html, accessed 14/05/2009Weng, D 2006, 3PLs-The Breakthrough of Supply Chain Innovation, http://ww
Andris Lagsdin has a small company outside of Boston called Baking Steel that manufacturers and sells ultra-conductive metal baking sheets.
(Bowersox, D.J., Closs, D.J., and Cooper, M.B. (2010). Supply Chain Logistics Management. (3rd Edition) New York, NY: McGraw-Hill/Irwin.
ControlFab is a 100% Australian owned and operated company with 25 years experience in stainless steel fabrication and producing high quality stainless steel products. Our values are based on professionalism, trust, honesty and high quality customer service. With services including plasma cutting, metal cutting and steel cutting, ControlFab offers an extensive range of sheet metal fabrication
Foster, T., Sampson, S., Wallin, C., & Webb, S. (2015). Managing supply Chain and Operations: An Integrative Approach. New York, NY: Pearson.
Chopra, S., & Meindl, P. (2012). Supply chain management: Strategy, planning, and operation. Upper Saddle River, NJ: Prentice-Hall.
In the late 1960s and early 1970s, purchasing personnel became more integrated with a materials system. As materials became a part of strategic planning, the importance of the purchasing department increased. Some experts relate that the purchasing function is responsible for determining the organization 's requirements, selecting an optimal source of supply, ensuring a fair and reasonable price (for both the purchasing organization and the supplier), and establishing and maintaining mutually beneficial relationships with the most desirable suppliers. In other words, purchasing departments determine what to buy, where to buy it, how much to pay, and ensure its availability by managing the contract and maintaining strong relationships with suppliers.
SF does not want the product overproduced, provide timely reporting of product sales in order to avoid this problem. For this reason, the company's inventory becomes a serious problem.
The finance department will also monitor levels of lost and outdated inventory to make sure that the levels don’t become too high. They need to write off this inventory but has to make sure that it isn’t excessive. Finance people also monitor the counts or physical inventories in order to reconcile what is actually on hand with what has been recorded in the company’s records. The finance department does not manage the inventory personally but it does have to make sure that the people
To choose the best suppliers for our various components, all existing suppliers are evaluated. Cost per item, accounts payable (A/P) terms, actual delivery time, average days late on delivery, and total ordered quantity are calculated and compared. Because on time delivery is vital to our daily operation, delivery time and average days late are considered the most important criteria. Based on this evaluation, suppliers recommended for each component are listed below.
Inventory systems are something in which practically every business needs to properly function. From the small business of just a few employees to the large corporations, inventory systems are a vital part of a business 's success. The types of inventory systems will vary with the number of businesses that use these different kinds of systems. Team C will present findings on the research of various businesses and how those businesses use inventory systems that pertain to a specific industry. The organizations of research include companies, such as Infigen Energy, T-mobile, Wal-mart (RIM - Retail Inventory Method), Weis
WIP physical inventory is taken once in a year by the production team. This is typically done in March every year. Physical count preformed with four-eye concept for confirming any mis-match in the stocks and signs the stock status after the physical count. Discrepancies are reported to accounts manager immediately and investigated. Physical count report documented and approved by Production Head and copy of the same is forwarded to the Finance
The device’s minimum temperature drops down to 41o F while holds up to a maximum temperature to 212o F with a temperature stability of ±1o C. Additionally, the device boosts of an 800 watt