Tropic Industrials Ltd. is a cement manufacturing company located in Old Harbour St. Catherine Jamaica. The manufacturing plant covers over 2000 Hectares of land and boasts a modern electronically powered processing plant which when running at full capacity can produce approximately 78000 metric tons of the company's number one selling product “Quick Dry” bag cement at the end of an eight-hour shift. Once the cement has been manufactured it is then packed into bags and placed onto conveyor belts and then transported to a centralized warehouse on the plant. Once sorted the finished goods are then distributed by truck to the company’s three main distribution depots located in Kingston, St. James, and St. Ann. Quick Dry cement is primarily manufactured for local consumption which includes the housing, commercial building, and road construction sectors.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Tropic Industrials Ltd. is a cement manufacturing company located in Old Harbour St. Catherine Jamaica. The manufacturing plant covers over 2000 Hectares of land and boasts a modern electronically powered processing plant which when running at full capacity can produce approximately 78000 metric tons of the company's number one selling product “Quick Dry” bag cement at the end of an eight-hour shift. Once the cement has been manufactured it is then packed into bags and placed onto conveyor belts and then transported to a centralized warehouse on the plant. Once sorted the finished goods are then distributed by truck to the company’s three main distribution depots located in Kingston, St. James, and St. Ann. Quick Dry cement is primarily manufactured for local consumption which includes the housing, commercial building, and road construction sectors.
In response to a surge in the growth of the local housing and construction sectors, Tropic Industrials Ltd has initiated plans to expand its operations and distribution with the intention of increasing the plant's capacity by 50% over the next three years. The main anticipated outcome of this expansion is to rectify inventory and distribution challenges that are currently affecting the company. These challenges range from distribution depots not being replenished on time to meet demand as well as inconsistencies in trucking services which impact customer service delivery. Therefore a significant overhaul of Tropic Industrials Ltd operations is now needed to synchronize the rising demand for Quick Dry Cement with adequate supply. Figure 1 shows the weekly demand patterns for the Quick Dry distribution depots.
Question: Explain and justify which
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Illustrate and explain with the aid of an appropriate graphical representation a demand plan which Tropic Industrials Ltd can apply to synchronize demand with supply for their leading product Quick Dry Cement.
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