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Chapter 3: Q1CPFB (page 373)

Question:Create a value stream map (VSM) of this supply chain. What other information is needed?

Short Answer

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Answer:

Value stream mapping is used to create a well-defined and planned flowchart of the entire process of manufacturing just to analyze each step of the process.

Step by step solution

01

 Create a value stream map (VSM) of this supply chain 

Step 1: Create a value stream map (VSM) of this supply chain

In this case, we do not the components that are used by Manufacturing Inc. but here we just know that there are 12 weeks for one comAponent and 4 weeks for the other one. The cumulative lead has about 27.3 weeks from the arrival of the raw materials from the manufacturing firm of the Pro Fishing warehouse.

The required information is anything that helps to enhance the distribution network. Some of the things I'd ask include how much shipping costs, how much expense of raw materials, as well as how much workers鈥� wages are related to this endeavor. When it comes to raw materials, it is critical to understand where they originate from since there are restrictions that firms should follow when acquiring goods.

02

Information that is needed

Step 2: Information that is needed

It is quite possible that the lead time analysis may not be accurate. Rather it will be more beneficial to track the flow ofthe components and the materials to get the most accurate flow time.

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Most popular questions from this chapter

Question:Rent鈥橰 Cars is a multisite car rental company in the city. It is trying out a new 鈥渞eturn the car to the location most convenient for you鈥� policy to improve customer service. But this means that the company has to constantly move cars around the city to maintain the required levels of vehicle availability. The supply and demand for economy cars, and the total cost of moving these vehicles between sites, are shown below.

a. Find the solution that minimizes moving costs using Microsoft Excel.

b. What would you have to do to the costs to assure that A always sends a car to D as part of the optimal solution?

The Microsoft Excel function was used to solve the transportation model.

Transmissions are delivered to the fabrication line four at a time. It takes one hour for transmissions to be delivered. Approximately four vehicles are produced each hour, and management has decided that 50 percent of expected demand should be maintained as safety stock. How many kanban card sets are needed?

One of your Taiwanese suppliers has bid on a new line of molded plastic parts that are currently being assembled at your plant. The supplier has bid \(0.10 per part, given a forecast you provided of 200,000 parts in year 1; 300,000 in year 2; and 500,000 in year 3. Shipping and handling of parts from the supplier鈥檚 factory are estimated at \)0.01 per unit. Additional inventory handling charges should amount to \(0.005 per unit. Finally, administrative costs are estimated at \)20 per month. Although your plant can continue producing the part, the plant would need to invest in another molding machine, which would cost \(10,000. Direct materials can be purchased for \)0.05 per unit. Direct labor is estimated at \(0.03 per unit plus a 50 percent surcharge for benefits; indirect labor is estimated at \)0.011 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $30,000. Finally, management has insisted that overhead be allocated if the parts are made in-house at a rate of 100 percent of direct labor cost. The firm uses a cost of capital of 15 percent per year. What should you do, continue to produce in-house, or accept the bid from your Taiwanese supplier?

Question:Make recommendations for lean improvements in such areas as scheduling, layout, kanban, task groupings, and inventory. Use quantitative data as much as possible; state necessary assumptions.
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