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OPS/571 Supply Chain Design Paper

Analysis of supply chain structures and optimization strategies.

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    Running head: S UPPLY C HAIN D ESIGN P APER 1 Supply Chain Design Paper Name OPS/571 Date Instructor Name Analyze Riordan Manufacturing's current supply chain design and strategies, including their manufacturing approach, supplier relationships, and lean production principles. Discuss the potential improvements that could be made to enhance operational efficiency, customer satisfaction, and cost reduction. Additionally, evaluate the forecasting and production planning methods Riordan could implement to optimize their operations. Include suggestions for an aggregate production plan and inventory management system. Provide recommendations for how Riordan could maintain its competitive edge in the global market. (Word count: 1500 - 1800 words)

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    Running head: S UPPLY C HAIN D ESIGN P APER 2 Supply Chain Design Paper Team D Riordan Manufacturing has come a long way in the last couple decades. A small firm in 1992 initially set up to license patents obtained by chemistry professor Dr. Riordan, Riordan Manufacturing has grown into a billion dollar multinational manufacturing company ( Riordan Manufacturing, 2013). This paper will identify Riordan’s manufacturing strateg ies , illustrate the current supply chain, describe and apply potential lean production principles, and use forecasting tools to develop plans for production and schedules. Manufacturing St rategy Riordan M anufacturing’s intranet provided access to a number of documents and spreadsheets detailing the current business and desired direction of the future growth of the company. In 2005, the Finance & Accounting department of Riordan recorded the inventory on September 30 th . Table 1.1 below lists how many of each part made by Riordan is on hand. Clearly, Riordan is operating with a Level manufacturing Strategy. In this pure strategy, Riordan “ e mployees will benefit from stable work hours at the costs of potentially decreased customer service level s and increased inventory costs ” (Jacobs & Chase, 2011, p. 566). Further evidence of this strategy exists in Riordan’s 2004 Operating B udget identifying forecasted wages and salaries being even throughout the year ( Riordan Manufacturing, 2013). A review of Riordan’s invoices from 2005 illustrates the potential opportunities to develop a mixed strategy that can benefit some consistent product sales with some more volatile patterns in sales ( Riordan Manufacturing, 2013).

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    Running head: S UPPLY C HAIN D ESIGN P APER 3 Table 1.1 Riordan Performance Metrics Measuring organizational performance is important to encourage higher levels of achievement, effectiveness, and efficiency. The development of performance metrics centers on

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