I will UPLOAD loms Essay Example | Topics and Well Written Essays - 3750 words

I will UPLOAD loms - Essay Example The group achieved 98.435 instead of the planned 53000 pounds. In the analysis there was failure in achieving the objectives that were set by the group. The approaches otherwise could be adjusted to bring out the desired results due to the objectives that were aimed by the group The objectives that were set by the group was to achieve during the month of running the company was the performance measures that will allow the ability to deliver the products on time and keep customers satisfied by the number and amount of penalties that they paid. The objective was however not achieved due to the factors that the group did not consider. The important aspects that was neglected by the group in the approach includes forecasting, planning and also ordering of enough inventory that was needed in the production to have just in time delivery to the orders that were give. The group did not order enough during the first three weeks and led to suffering of the inventory especially raw materials. Since the group was bound by own raw materials available in their inventory, the group could not produce more than the minimum quantity even if the demand that week required it to. Thus the group did not manage the inventory as well it should have been managed. The strengths that the group managed is together with coinciding with the actual peak in the last month of the game which was luck in the trying to chase the week. Due to the unfulfilled orders in the approaches, high unit cost and penalty charges, the group ran bankrupt. A strength came when after the situation there was plan of the next move which was done carefully and this enabled the coming out of the bankruptcy in the next one week and even came up with a profit in the week. Forecasting as an element was not used in the approach by the group. The element was necessary in the approach since it would make the group plan the production, tell the peak and purchase more