Unit 5 individual project | SCM310 Material and Inventory Management | Colorado Technical University

Unit 5 – Individual Project (125 points)

Due: Sun, Aug 27 |Printer Friendly Version

Description

You have learned about the important role of using material requirements planning (MRP) to ensure that materials are available when a company needs them and to minimize unnecessary inventory taking up space and costing money. This exercise will provide you with an opportunity to develop an MRP for your small business that is rapidly growing.

Your company manufactures sanitizing products, and the recent pandemic has caused your business to triple overnight with no sign of slowing down. This growth has made you rethink the way in which you are running your business and fulfilling orders.

Review the article Not Just for Manufacturing, Material Requirements Planning (MRP) is Indispensable for Any Business for more information on the importance of an MRP.

Write a 3–5-page paper that covers the following topics:

• What questions do you feel your team should ask in addition to the 3 key questions when planning for MRP?
• Describe the steps and processes that you feel are necessary for your company’s MRP, and explain their importance.
• Discuss the obstacles you might run into using your MRP and what you plan to do to resolve them.