Capacity planning in operations management is defined as the planning of operation with best possible output as per the availability of resource and the demand of the customer in any industry of service or goods sectors (Managementstudyguide, 2015).
Three factors of capacity planning considered for Call-us Plumbing Supply company are:
Three capacities or production planning strategies are:
Three strategies of production planning for general manger of Call Us Plumbing company as per time frame:
Two basic objectives of keeping inventory by any company are determined by motives of the company which are:
Fixed order inventory management system is management of such inventory system which is done for a specific item of inventory is to be ordered at a specific time (Businessdictionary, 2014).
Variable period inventory management system is management of such inventory system which is done for variable items of inventory which is to be ordered at variable time as per requirement or availability.
Just in time is the inventory management system related to materials management which can have the ability for enhancement of efficiency with decrement of waste by receipt of goods only when they are required in the manufacturing process and thus it reduces inventory costs. Example of JIT inventory management system is fast food chain of restaurants where the raw materials are procured only when they are needed (Investopedia, 2016).
Kanban is a Japanese terms used to describe the inventory management system which allows the companies to make arrangement of stock for the required elements in the manufacturing process. The example of this system is the inventory management followed by automobile industries (Marion, 2016).
Recommendation for four management inventory tools for Mr. Swartz:
Supply chain management for FMCG products in New Zealand with respect to different steps of operation management like planning, procurement, processing and distributions are:
Two basic reasons for keeping inventory by the companies are to their motives towards inventory of raw materials: transaction motive to ensure flow of raw materials for production process and sales and precautionary motive to hold inventory in case of unavoidable situation.
Six current trends of supply chain management are:
Four supply chain strategies:
With the provided information and resources for Call Us Plumbing Supply Company, the company should follow the route of supply chain strategy which is improvised by circular economy.
As per market research done on XYZ Food chains Ltd, it is found that the company is following capacity control in operation management effectively by exercising long term, middle term and short term capacity. Inventory which is maintained as per Just-In-Time Module and the supply chain management as per latest innovation of circular economy.
To improve performance management, Call Us Plumbing Supply has to keep proper track of inventory, ensure supply chain as per the guideline of circular economy and follow the capacity control of operation management as per requirement set by the customers.
Businessdictionary. (2014). fixed order quantity method. Retrieved May 15, 2017, from Businessdictionary: https://www.businessdictionary.com/definition/fixed-order-quantity-method.html
Careerride. (2015). What can be a company’s motive for holding the inventory? Retrieved May 15, 2017, from Careerride: https://www.careerride.com/fa-holding-the-inventory-reasons.aspx
Investopedia. (2016). Just In Time - JIT. Retrieved May 15, 2017, from Investopedia: https://www.investopedia.com/terms/j/jit.asp
Managementstudyguide. (2015). Capacity Planning. Retrieved May 15, 2017, from Managementstudyguide: https://www.managementstudyguide.com/capacity-planning.htm
Managementstudyguide. (2015). Capacity Planning. Retrieved May 15, 2017, from Managementstudyguide: https://www.managementstudyguide.com/capacity-planning.htm
Marion, G. (2016, October 09). Small Business Supply Chain - What is Kanban? Retrieved May 15, 2017, from Thebalance: https://www.thebalance.com/what-is-kanban-2221436
Markgraf, B. (2016). Three Key Inputs to Capacity Planning. Retrieved May 15, 2017, from Chron: https://smallbusiness.chron.com/three-key-inputs-capacity-planning-14505.html
Mathers, B. (2017, March 21). Capacity planning guide. Retrieved May 15, 2017, from Microsoft: https://docs.microsoft.com/en-us/microsoft-identity-manager/capacity-planning-guide
Myob. (2016, June 20). 5 tools for inventory management. Retrieved May 15, 2017, from Myob: https://www.myob.com/au/5-tools-for-inventory-management/
Perez, H. D. (2013, March 06). Supply chain strategies: Which one hits the mark? Retrieved May 15, 2017, from Supplychainquarterly: https://www.supplychainquarterly.com/topics/Strategy/20130306-supply-chain-strategies-which-one-hits-the-mark/
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