Control De Inventarios

Control de Inventarios
Introduction to Materials Management
Questions
1. What is wealth, and how is it created?
Wealth refers to the amount of products and services by a nation in a given time. Wealth comes from the process of transformation from resources like mineral deposits, farmland and forests.

2. What is value added, and how is it achieved?
Value added is the condition that aresource achieves by a transformation process. Thia value added is percept by the final customer. The adding of value is achieved by the transformation that an original source suffers through the development process until it is ended as a final product.

3. Name and describe four major factors affecting operations management.
Government. Business are effected by tax laws, safety and other areas thatgovernment states.
Economy. Economic conditions influence demand and supply for certain products. It also affects in major changes in the market place, trade between nations and community development.
Competition. Due to today’s globalization, competition is rough. This has originated competition around the globe (selling and sourcing), lower transportation costs and cheap and excellentcommunications.
Customers. Both final consumers and industrial customers are now, more demanding. Providers have responded with better quality, improved LT and exceeding pre-service and post-sale service.
Quality. Since the competition is worldwide, companies are now not only meeting customers’ expectations, but exceeding them.

4. What are an order qualifier and an order winner?
An orderqualifier refers to the characteristics that make an offer a choice to compete in the market place. When a group characteristics persuade the customer to go for their product that is an order winner.

5. Describe the four primary manufacturing strategies. How does each affect delivery lead time?
Engineer to Order. Means that the customer requires products with unique characteristics. This strategyinvolves major customization.
Make to order. The supplier does not start the production until the sign is sent by the customer. The product is made of regular components. It may have customized products.
Assemble to order. The product is made from standard components. No design is contemplated in this strategy.
Make to stock. The supplier manufactures and storage in a finished-goods inventory.The delivery lead time is shortened from the engineer to order strategy, all the way down to make to stock. The reasons for this are the customer involment and demand in the design of the product and the manufacturing lead time itself.

6. What is supply chain? Describe five major factors in supply chains.
SCM is a group of activities from raw material to end customer.
Factors:
Computercapability and software applications. This provides connection between companies and sharing information in high speed.
Global Competition. Competition is not only local anymore. Almost every company faces severe competition around the globe.
Growth in technological capabilities for products and processes. Life cycle for products are getting reduced over time. Companies require more flexible andcapable processes and communicate these to suppliers and distributors.
JIT. This concept has evolved into a more integral Lean concept. Companies are adopting these practices as a normal form of business.
Subcontracting. Companies are now hiring other businesses to manufacture some products but keeping their critical ones.

7. What does manufacturing management do to manage a process oroperation? What is the major way in which management plans and controls?
Work in process is a major way in how the management team plans and controls. Since WIP is considered inventory in production, major efforts are placed to reduce, without affecting the operation, the WIP levels. This has to be aligned so the MPS, provided by production planning, can be achieved. Shop floor control and purchasing...