Supply chain Management

Supply chain Management: Assume you are a consultant for Acme Inc., a successful company who hasn’t faced much competition in the past. Recently, the company has faced challenges from a competitor who can meet customer demand more quickly and with lower cost. Identify how Single Minutes Exchange of Dies (SMED) might help Acme improve its responsiveness to customer demand by developing a 150-200 word executive summary to Acme’s CEO.

2. Linear programming is an excellent technique yet is not applied nearly enough in the “real world.” Discuss the benefits of linear programming and explain why it is not used that much.

Answer preview

Single Minutes Exchange of Dies is the concept of production that insists on an efficient and well-timed transfer from one product to another during the production process. The quick transfer between products leads to optimal use of the available equipment in the company. Applying SMED in a production process enhances the ability to adjust production according to changing levels of demand while retaining product quality.

Acme Inc. considering its sudden challenger of a swift competitor requires a strategy that quickly transitions its operations from the previous slow processes to very active, yet quality services. SMED is the best tool for the company because it enables the company to produce similar products, with the same technology…

 

(300 words)