Module 2 – CaseINVENTORYAssignment OverviewCase: The Excellent Manufacturing Company & InventoryNote:Click the following link for information on the .trident.edu/content/enforced/59918-OPM500-JUL2015-1/Modules/Module1/EMC%20Additional%20%20Information%20v.2.docx?_&d2lSessionVal=W8up6i3mr6AlOa6BDyYCgiHk6&ou=59918″>Excellent Manufacturing Company (EMC). You will find information on(A) EMCBackground Information; (B) Product Brochure; (C) Plasti-Brack Information; (D) Manufacturing Processes; (E) Basic Financial Information about EMC; (F) Organizational Chart; (G) Plant LayoutCOMPANY EMAILFROM: Gerald GarciaSUBJECT: Inventory ProjectI am looking over your productivity and process improvement plan. I can see that you put some effort into it.I want to put in writing what we discussed the other day about inventory issues in the Plasti-Brack product line. I want you to do a thorough analysis of the inventory situation in the processes that generate these products. I want you to use your expertise and knowledge about inventory operations to determine a plan for improving the flow of the product, holding down inventories and costs, and making sure that we are accurate in our inventory records. Your analysis and plan will be used as a pilot and example for the other product managers to follow. So I am looking for an exemplary report with your plan, recommendations and justification.Be sure to use the same report template that I provided in the first assignment.Let me know if you have any questions as you proceed. Thanks.–GGCase AssignmentAnalyze the inventories that are used to produce the Plasti-Brack product line. Determine an appropriate plan for improving the inventory situation. Justify your plan. Write a report to the VP of Operations. Use the .trident.edu/content/enforced/59918-OPM500-JUL2015-1/Modules/Module1/OPM500%20Report%20Template%20for%20Case%20Assignments.docx?_&d2lSessionVal=W8up6i3mr6AlOa6BDyYCgiHk6&ou=59918″>Report Template provided. Consult .trident.edu/content/enforced/59918-OPM500-JUL2015-1/Modules/Module1/EMC%20Additional%20%20Information%20v.2.docx?_&d2lSessionVal=W8up6i3mr6AlOa6BDyYCgiHk6&ou=59918″>EMC Financial Info for COGS and the .trident.edu/content/enforced/59918-OPM500-JUL2015-1/Modules/Module2/OPM500%20Module%202%20-%20EMC%20Inventory%20Notes.docx?_&d2lSessionVal=W8up6i3mr6AlOa6BDyYCgiHk6&ou=59918″>Notes about Inventory at EMC.Assignment ExpectationsUse the information provided in the Background readings. It is not necessary to do any additional research.Review the Notes at the Excellent Manufacturing Company and become familiar with the various inventories for the Plasti-Brack product line.Analyze the inventories including the raw material inventories, work-in-process, and finished goods. How could you apply the EOQ method? What are the implications of process set-up times?Determine and discuss other inventory issues that you think are occurring in the processes for the Plasti-Brack product line, i.e., direct and indirect (overhead) costs, inventory turns, inventory accuracy, and inventory storage and movement.Determine a plan for improving the inventory situation in the Plasti-Brack product line.Justify your plan based on the concepts of inventory management.READ the information provided by the resources and references on the Background page. Understand the theory and concept of inventory, inventory turns, EOQ, and Lean.Study the information about the Plasti-Brack product line and inventories. Understand the EOQ formula and how it can be used to reduce the shop order quantities. Calculate the current Inventory Turns. Estimate how much you can increase turns by using the EOQ. Determine other ways you can improve inventory management.NOTE: If you use the references provided in the Background, then you do not need to include a References section. If you do decide to use additional references, then you need to cite them and include them in a References section.The report should be 34 pages and submitted by the Module 2 due date.Module 2 – SLPINVENTORYSLP2 is focused on inventory management in your company.Session Long ProjectContinue using your fictitious company from SLP1 and continue to develop the company profile and operating information.Identify how your company uses inventory. What are three different inventories of products or supplies that the company maintains? What do you think is the total amount of inventory on average that is maintained in comparison to the annual income of the company? What do you think are some key methods that your company could use to manage and track inventory, e.g. technology systems, and/or lean methods?This paper should be approximately 35 pages in length counting the intro, body, and summary. You should include references and cite them properly in the paper. Generally, at least three references should be used.SLP Assignment ExpectationsFirst discuss the recap your company and add any additional information about it that will add necessary and/or interesting information as background to the discussion of inventory.Then identify at least three different inventory types based on the products, supplies, or other materials needed, used, or provided to the customer. Note: capital equipment (machines or fixtures used to provide services) are not inventory. The cost of this equipment is depreciated and included in the overhead costs of providing the service.Determine the average value of the total inventory maintained by the company and how this compares to the annual gross income of the company. Discuss inventory turns and overhead costs if something is produced for inventory.What are the key issues or problems with inventory, such as accuracy of inventory records, maintaining, storing, moving and controlling inventory, assuring quality from suppliers, getting on time deliveries, etc.Discuss the key methods that the company uses or could use to manage and track inventory, e.g. technologies, methodologies, etc. And how does the company attempt to solve its inventory issues.Look into similar companies for comparable inventory turns.Review all of the resources for this module. Use them to help you create/invent issues about inventory and how you would improve.You should look for additional references about the type of business you are operating with specific information about improving inventory operations.ExampleWould you like to see an example? Click to see an .trident.edu/content/enforced/59918-OPM500-JUL2015-1/Modules/Module2/OPM500%20Module%202%20-%20SLP2%20Example.docx?_&d2lSessionVal=W8up6i3mr6AlOa6BDyYCgiHk6&ou=59918″>example based on a Ford Dealership.Case: The Excellent Manufacturing Company & InventoryNote:Click the following link for information on the .trident.edu/content/enforced/59918-OPM500-JUL2015-1/Modules/Module1/EMC%20Additional%20%20Information%20v.2.docx?_&d2lSessionVal=W8up6i3mr6AlOa6BDyYCgiHk6&ou=59918″>Excellent Manufacturing Company (EMC). You will find information on(A) EMCBackground Information; (B) Product Brochure; (C) Plasti-Brack Information; (D) Manufacturing Processes; (E) Basic Financial Information about EMC; (F) Organizational Chart; (G) Plant LayoutCOMPANY EMAILFROM: Gerald GarciaSUBJECT: Inventory ProjectI am looking over your productivity and process improvement plan. I can see that you put some effort into it.I want to put in writing what we discussed the other day about inventory issues in the Plasti-Brack product line. I want you to do a thorough analysis of the inventory situation in the processes that generate these products. I want you to use your expertise and knowledge about inventory operations to determine a plan for improving the flow of the product, holding down inventories and costs, and making sure that we are accurate in our inventory records. Your analysis and plan will be used as a pilot and example for the other product managers to follow. So I am looking for an exemplary report with your plan, recommendations and justification.Be sure to use the same report template that I provided in the first assignment.Let me know if you have any questions as you proceed. Thanks.–GGAnalyze the inventories that are used to produce the Plasti-Brack product line. Determine an appropriate plan for improving the inventory situation. Justify your plan. Write a report to the VP of Operations. Use the .trident.edu/content/enforced/59918-OPM500-JUL2015-1/Modules/Module1/OPM500%20Report%20Template%20for%20Case%20Assignments.docx?_&d2lSessionVal=W8up6i3mr6AlOa6BDyYCgiHk6&ou=59918″>Report Template provided. Consult .trident.edu/content/enforced/59918-OPM500-JUL2015-1/Modules/Module1/EMC%20Additional%20%20Information%20v.2.docx?_&d2lSessionVal=W8up6i3mr6AlOa6BDyYCgiHk6&ou=59918″>EMC Financial Info for COGS and the .trident.edu/content/enforced/59918-OPM500-JUL2015-1/Modules/Module2/OPM500%20Module%202%20-%20EMC%20Inventory%20Notes.docx?_&d2lSessionVal=W8up6i3mr6AlOa6BDyYCgiHk6&ou=59918″>Notes about Inventory at EMC.READ the information provided by the resources and references on the Background page. Understand the theory and concept of inventory, inventory turns, EOQ, and Lean.Study the information about the Plasti-Brack product line and inventories. Understand the EOQ formula and how it can be used to reduce the shop order quantities. Calculate the current Inventory Turns. Estimate how much you can increase turns by using the EOQ. Determine other ways you can improve inventory management.NOTE: If you use the references provided in the Background, then you do not need to include a References section. If you do decide to use additional references, then you need to cite them and include them in a References section.The report should be 34 pages and submitted by the Module 2 due date.SLP2 is focused on inventory management in your company.Session Long ProjectContinue using your fictitious company from SLP1 and continue to develop the company profile and operating information.Identify how your company uses inventory. What are three different inventories of products or supplies that the company maintains? What do you think is the total amount of inventory on average that is maintained in comparison to the annual income of the company? What do you think are some key methods that your company could use to manage and track inventory, e.g. technology systems, and/or lean methods?This paper should be approximately 35 pages in length counting the intro, body, and summary. You should include references and cite them properly in the paper. Generally, at least three references should be used.Review all of the resources for this module. Use them to help you create/invent issues about inventory and how you would improve.You should look for additional references about the type of business you are operating with specific information about improving inventory operations.ExampleWould you like to see an example? Click to see an .trident.edu/content/enforced/59918-OPM500-JUL2015-1/Modules/Module2/OPM500%20Module%202%20-%20SLP2%20Example.docx?_&d2lSessionVal=W8up6i3mr6AlOa6BDyYCgiHk6&ou=59918″>example based on a Ford Dealership.
