Abstract
A company that is involved in manufacturing operations like Riordan fans involves a large number of input materials processed. These material requirements need to be incorporated in more than a single manufacturing stage and the entire process is rather tedious and requires a large amount of input data on manufacturing plans, the stocks of purchased materials (existing), the work in progress and the engineering standards of the material requirements.
The MRP of Riordan Fans
MRP stands for Material Requirements Planning and there are a lot of software market systems that are available in the market for ready usage. Also known as bills of materials, these packages have been formulated on the material requirements for manufacturing operation (Sheikh, 2002). For Riordan electric fans, the bills of material need to be formulated for each stage of the company’s manufacturing process. It involves a common logical process which is further sub divided into the following steps.
Firstly, the finished goods production plan is used to assess the total input materials requirements. Once the capabilities of the product are improved, the venders need to start and separate the name of the new MRP products with those that are old. This can be done through the Enterprise Resource Planning systems. The engineering design department of the Riordan electric fans would then modify and enter a fresh bill of material.
The design data also needs to be revised and updated by the engineering department on a regular basis. This decision is taken in the planning phase of a project life cycle. What kind of materials would be incorporated while making electric fans and then from where they would be made available for the manufacturing department. So, all these decisions are made in this stage and risk management is initiated from the very beginning of the project life cycle. Riordan’s management would also keep these points in mind while moving towards next step.
The Design Brief for Riordan Fans
A design brief in simple terms is a written explanation that is sent to the designer and it contains the aims, the objectives as well as the milestones of the design project (William & Kazanas, 2008).Riordan electric fans would need to prepare an articulate design brief as it happens to be a critical part of the overall design process. The design brief of Riordan electric fans would ideally contain the company profile which includes the work of an organization, the date of its establishment, the number of employees it has hired, the niche market and how the company fits into the marketing sector. In order to ensure a good marketing strategy, the design brief needs to contain the aims of Riordan fans.
Make sure that your goals are clearly established. Next is your targeted audience which is decided by the age, sex, income, occupation and location. The budget, the time scale as well as the design material is also considered important while designing a brief for Riordan electric fans. A good design would take care of the color, imagery, quantity and quality of text, typography and the atmosphere that particular design creates. So in order to make sure that the designers are considering each and every direction and are act accordingly, a team would be organized for quality assurance of design of electric fan.
Supply Chain and Opportunity costs
Supply chain which would be used for the supply of Riordan electric fans is as follows
- Manufacturer → Supplier → Retailer → Shopkeeper.
- Manufacturer → Direct selling (Riordan outlets).
Riordan can save labor cost and material cost easily. For this purpose Riordan would need to do business internationally. It can target Asian countries like Pakistan and India, as material cost and labor cost is very low in these countries.
A Production Forecast for Riordan Fans
This is also known as the financial forecast and it contains the cash-flow statements, profit and loss forecasts as well as the sales forecasts (John, 1996). Riordan fans need to have a forecast that is set to five years from now. The forecast plans need to have clear cut information on the capital the company needs, the securities the company possesses, the different sources of revenue and how the company wishes to repay the loan amount.
The final figures can be reached through mathematical calculations. The production forecast is essential if an organization is to grow a rapid pace. Hence, even Riordan fans needs to try and make sure that they follow the basic rules to success and formulate a suitable production plan for the next five years. While the plan can be drawn with ease, it needs to be noted that the execution of the plan would need to be completely based upon the inclusion of a practical planner.
An Implementation Plan
The implementation plan for Riordan fans would be subdivided into 5 phases. The first phase would include commitment, wherein you provide introduction of FLRA to the management, establish high levels of expectation from within the company, establish levels of expectations for the program and finally establish a management letter of commitment and introduction to FLRA to all the concerned employees, contractors and sub contractors.
The next phase is planning, which in turn is followed by the execution of the task (Ronald, 2008).Thereafter, Riordan fans needs to check the plans and finally act upon them. While implementation of the plan, it is very important to do risk management to lower down the chances of failure of project.
Bibliography
John, F. (1996). Project Financing. Los Angles: Wiley.
Khalid, S. (2002). Manufacturing Resource Planning (MRP II) with Introduction to ERP, SCM, and CRM. New York: McGraw-Hill Professional.
Ronald, B. (2008). Business Continuity Planning for Data Centers and Systems: A Strategic Implementation Guide. Los Angles: Wiley.
William, R., & Kazanas, H. (2008). Mastering the Instructional Design Process: A Systematic Approach. London: Pfeiffer.