FoldRite Furniture Company Planning to Meet a Surge in Demand Brief Case Case Solution

Case Solution

When students hold the British-language PDF from the Brief Case in the course pack, they'll may also buy a sound version. Curiosity about folding and stack able chairs and tables at Fold Rite Furniture Co. is all of a sudden strong. The business spent the last couple of years improving manufacturing quality and efficiency, losing poor-undertaking items, developing new products that are stylish and eco-friendly, and instituting a training course that allows clients to personalize their orders but nonetheless get delivery within 2 days. Consequently, sales fascination with the completely new products is more than forecast, inside the U.S. too as with Europe, where favorable foreign exchange rates make American products highly competitive. Consequently from the surge desired, Martin Kelsey, the expansion manager, must create a manufacturing plan that controls manufacturing and inventory costs, mitigates risk, and contours up while using proper goals from the organization. Students must create a quantitative assignment incorporated in case analysis. Subjects include: production capacity, periodic demand, risk management, methods strategy, aggregate planning, manufacturing, design changes and portable furniture.

Excel Calculations

         Production Planning

·         Demand Forecast Per Month                                                                                                                    

·         Beginning Inventory                                                                                                                                      

·         Safety Requirement of Stock                                                                                                                     

·         Production Requirement                                                                                                                             

·         Loss due to Defect                                                                                                                                         

·         Finished Goods                                                                                                                                                

·         Ending Inventory                                                                                                                                                            

·         Chase

·         Overtime

·         Design Change

·         Outsourcing

·         Average Manufacturer's Price (AMP) and Cost of Manufacturing for FoldRite Products  

·         Calculation of Existing Labor                                                                                       

·         AMP     

·         Raw Mat             

·         Required Labor                

·         Labor Cost                                          

·         Total cost            

·         Margin

·         Production Hours Required                                                                                                        

·         Production Hours Available                                                                                                        

·         Deficit/Surplus of Labour Hours                                                                                                

·         Additional Labor Hired/Existing Labour Laid Off                                                                                 

·         Number of Labors Working                                                                                                        

·         Cost of Required Labour                                                                                                              

·         Cost of New Hired Labor                                                                                                              

·         Total Hiring Costs of Hired Labor

·         Total Costs of Hired Labor

·         Total Costs of Hired Labor

Questions Covered