Material Requirements Planning (MRP) System – Riordan Manufacturing,

Introduction and Feasibility StudyAt the request of the Chief trading operations Officer and the fault President Operations, an evaluation was requested for the development of a veridical Requirements Planning (MRP) system. The system is to track and manage piercing materials as well as absolute product inventory throughout Riordan Manufacturing.

The objective of implementing an MRP is to reduce on-hand raw materials and finished goods inventory be. Since uncomplete of these items are considered liquid assets, having an over supply of either on-hand croup be considered a potential financial loss. An example of a loss condition would be a change in demand for a specific product. Implementing a MRP will waive for regressive analysis (Bandwidth Analysis) of supply and demand in sufficient detail to allow for a modest amount of raw materials and finished products to be kept on-hand or ordered periodical to satisfy customer demands without an increased lead beat. (Stewart-Frazier Tools, Inc., 1996). One study advantage of Bandwidth Analysis will be the continual accomplishment of all lines without having a major surge upon receipt of orders. This tendency is in keeping with the corporate vision of reducing costs by 10% and cycle time by 15%.

Goals of the MRP are:-Reduce costs by 10%-Reduce cycle time by 15%-Reduce the amount of raw materials on-hand-Reduce the amount of finished products on-hand-Implement Bandwidth Analysis of supply and demandIn determining the objectives for this project, a number of investigative techniques were used. First, a review of the corporate organizational charts was conducted to determine the stakeholders. The results of this work listed the following individuals as key stakeholders:- Mark NeitzelVP Operations- Ronald NelisDirector Plant Operations (Pontiac)- Craig GranbeigDirector Plant Operations (Albany)- Charles WilliamsonVP International Operations- Maria TrinhChief Information OfficerSecond, formerly the stakeholders were identified, interviews were conducted to ascertain the corporate vision and desired...

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