Sunday, March 17, 2019
Riordan Manufacturing MRP Evaluation Project Essay -- Information Syst
Overview circumstance of the stand outRiordan Manufacturing can continue to expand by reducing the scroll monetary value of raw materials and finished goods. Riordan currently has a legacy MRP selective information System (IS) in place, and this project provides an excellent opportunity to upgrade the infrastructure to every last(predicate)ow for a more cost-efficient way to pass across inventory.Goals of the ProjectRiordan would like to dumbfound or acquire an MRP system that volition track and fence raw materials and finished product inventory across all plants to help ensure come downd inventory cost throughout the good company. commercial enterprise purposesThe exploratory committee has identified the following as the Business Objectives for this projectAccurately track and carry off raw materials and finished goods subvert inventory cost of raw materials and finished goodsImprove MRP infrastructureMeasures of successThe following tasks pull up stakes be perfor med to measure the success of the project at six (6) months and one (1) yearAn inventory analysis validating the trueness of tracked inventoryA cost analysis comparing the cost of inventory management to previous reportsHire an IS analysis firm to break apart the new Riordan MRP systems efficiency Statement of Scope, Objectives, and ConstraintsCurrent NeedsRiordan Manufacturing needs to reduce the inventory cost of raw materials and finished goods. To reduce these costs, Riordan would like to develop or acquire an MRP system that can accurately track and manage raw materials and finished product inventory across all plants.ObjectiveI am investigating the feasibility of developing or acquiring an MRP/MRPII information system to ensure that Riordan can accurately track and manage raw materials and ... ...w for better tracking of goods, which prevents lost materials. This, in turn, will dispense with Riordan to reduce the cost of inventory and allow us to gain sales with lower cu stomer prices.The third objective is to improve the MRP infrastructure. Removing the legacy equipment and purblind data lines will allow much more inventory to be processed. This will increase productivity throughout all of the plants.ConclusionRiordan Manufacturing will more than recover the expenditures of this IT project within two years of the upgrade. Riordan will experience an increase in sales and a decrease in inventory loss due to accurate and low-cost inventory management. On-going costs will be minimized with an internal IT department handling meet and maintenance of the new system. All of the projects objectives have been met, and Riordans expectations have been fulfilled.
Posted by Gloria Sweet at 5:51 AM