Primarily due to rapid development of technology in the past thirty years, the market structure throughout the world has changed considerably. Local markets have become accessible to foreign manufacturers, who are able to perform well in their newly established territories in part due to their superior application of technology. In this light, most companies, including small and medium size, have embedded globalization in their expansion strategies, consistently seeking for new markets abroad. Consequently, local manufacturing companies are facing global competition, forcing them to adopt new concepts with respect to people, process and technologies. This document describes these approaches to production planning in detail as well outlines a software solution. The software solution (Production/3) combines both pull and push techniques and enables small to medium size organizations to fully automate their production system while retaining their investment in their legacy enterprise resource planning (ERP) systems.
benefits and challenges of scm implementation ppt
many tangible yet un-quantifiable benefits of an efficient production planning, execution and control system, for Return on Investment exercise we only include quantifiable benefits. Return on Investment The return on investment is a net present value calculation based on 3 + current years at 5% per year real interest. The table below shows that system will generate $826K in first three years. About QR Systems Inc. QR Systems Inc., based in Toronto, Ontario is a premier solution provider to manufacturing