Lead time

your competitor has product available more quickly, the result could be lost market share and loss of revenue. Evaluate or agree with your supplier the possibility of small changes to the product, or sales exceeding expectations and quicker transport times. 8 Value-added services. Identify additional services available to add value to your product. Evaluate the cost of more efficient attachments to your product. Agree the supplier guarantee that it will pack the goods to ensure it arrives intact

in the production process. The Second module which is called managing suppliers includes ordering for raw materials like for instance cotton, denim and silk. It helped me understand how to optimize our order based on the factors like quality and lead time. The third module is known as forecasting and contracts, which showed the significance of the understanding the idea of forecasting the demand of the up-coming seasons. This module entirely was based on the procurement process. In this module, you

Throughput time(period required for a material, part or subassembly to pass through a manufacturing process) decreased from 5weeks to 1week and so the margins improved by 10% and Lucent was three times as productive in 1998, as it had been in 1995. Exceptional growth in cellular and web, resulted in more component demand than supply, leading to material shortages. Inventories costs increased and lead times doubled. Contract manufacturers who have increased

specifications. MTO strategy only manufactures the end product after getting confirmation from the customers. Unlike mass production where a material is manufactured many times, in MTO production a material is created only once though the production process that might be repeated at a later time. As a result, the consumer waiting time to receive the product increases but it allows more flexibility in customization compared to purchasing from retailers' shelves (Zhang et al., 2012). According to Muda

problems during the first production, they often don’t have enough time to fix it before new model introduction. Finally,

However, from the case study, it is difficult to do so due to two main reasons which are insufficient information and long production’s lead time. Information would slowly become more obvious when it approaches the peak season while the long production’s lead time is a constraint which prevents the company from producing at the point where adequate data are available. Therefore, to improve company’s performance, the first thing is to forecast demand

resources. Thus it is an ideal situation of not keeping extra stock in the warehouses. • Zero breakdowns One of the objectives of Just-in-time system is to get an ideal situation of no breakdowns during its production cycle. It is all about working to win the ultimate goal of maintenance strategy. It’s fully essential for maintenance departments to aim for optimum time, higher plant convenience& larger overall equipment effectiveness; work for achieving zero breakdowns; arrest numerous abnormalities,

Description of Our Strategy This simulation involved a company, which was introducing two types of cellphones to the market. As a group, we acted as the company, and therefore were tasked with deciding how these products were designed, project their demand, in addition to picking between suppliers and how much to produce. Later, at the end of each year of sales, we faced our company’s board where they analyzed our performance and voted based on how well they thought we performed for the year. For

and lead time. The Plan - Initial Strategy Our team’s

First Destination Transportation (FDT), the movement of material from suppliers to the first military depot or direct to military customer, is about to change from FOB destination to FOB origin. Slated to begin with solicitations and awards in late October 2013, FDT requires the removal of transportation related cost from contractor bids. Contractors need only be concerned with quoting the associated costs of manufacturing their products. Products affected by the October roll out will be those labeled