Case ID: 4555
Solution ID: 35965
Words: 611
Price $ 75

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

Case Solution

When students possess the British-language PDF of the Brief Case inside a course pack, they'll also can buy an audio version. Interest in folding and stack able chairs and tables at Fold Rite Furniture Co. is suddenly strong. The organization spent the prior 2 yrs enhancing manufacturing quality and efficiency, shedding poor-carrying out products, developing new items which are stylish and eco-friendly, and instituting a course that enables clients to personalize their orders but still get delivery within two days. Consequently, sales curiosity about the brand new items is greater than forecast, within the U.S. as well as in Europe, where favorable Forex rates make American items highly competitive. As a result of the surge sought after, Martin Kelsey, the development manager, must produce a manufacturing plan that controls manufacturing and inventory costs, mitigates risk, and lines up using the proper goals of the organization. Students must develop a quantitative assignment included in case analysis. Subjects include: production capacity, periodic demand, risk management, procedures 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