Retrieved from https://studentshare.org/miscellaneous/1697210-qant-operation-management
https://studentshare.org/miscellaneous/1697210-qant-operation-management.
The proper production planning assured the company to possess timely and effective availability of employees, equipments and materials so that the production objectives of it are meet successfully. Moreover, it also describes a detailed planning to the company regarding the ways of achieving the production goals and the potential time for achieving them (Prenhall, 2015). Contextually, discusses regarding the production plan in context to Cornwell Glass Company that would support the company to improve its production process.
The forecasting system used by the company in the past year’s data for determining the long-term trends and seasonal factors. This assists the company to ascertain the increasing or decreasing demand of products based on which the company may take important production decisions. However, the company has provided the current data related to the increasing demand that would contribute much for forecasting a production plan for the upcoming year. In order to suffice the purpose of the case, three separate methods will be used for production scheduling.
The best among the methods will be considered that will reflect lower cost to the company, which will ultimately lead to maximization of overall profit For the effectiveness in the production process of Cornwell Glass Company, it is very essential to implement the most effective production concept that would support the company to conduct most efficient utilization of the available resources in the production process (Pearson Education, 2010). The company for scheduling their production process may follow various concepts and strategies.
Among these, the most significant production processes include Smooth Purchasing, Chasing Demand and Constant Regular Time followed by overtime and subcontracting (Prenhall, 2015) Smooth production is also referred as production leveling and it is one of the most important a well-known concept through which the manufacturing organizations improve
...Download file to see next pages Read More