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ASSIGNMENT 4 (19/11/12)
Production planning and control is considered as a backbone of the production. All inputs including the demand, forecasting, capacity should be analysed . The wrong input in the planning will cause problem to the production. Therefore, as an expert in Industrial Engineering, you are required to discuss and explain few issues as highlighted below:

a) Inventory management is part of production planning and control activities. Based on Toyota Production System, the best quantity to be kept in the warehouse is zero inventory. i) Discuss how this concept can be implemented in small medium and enterprise (SME)? How SMEs could ensure the minimum inventory will not cause delay to the production?. ii) Apart from that you also need to look in “milk run” concept. Discuss, how this concept could support the level of inventory and, is it suitable to run this system in SME company b) The forecasting, aggregate planning and inventory management were classified as critical tools in production planning and control. Most of the SMEs were limited in resources such as financial, technical expertise and skills. Despite of these barriers, most of the SMEs were always behind schedule compared to large companies. Discuss how these techniques could be applied in SMEs?
The requirements of this assignment are as below: i) This is a group assignment. ii) You are encouraged to use your own words in order to get high marks. iii) All answers should be clearly explained with comprehensive discussion iv) You are encouraged to refer relevant journals in order to support your discussion. v) The assignment should be typed with font size 12 (Times New Roman/Arial) and 1.5~2.0 spacing. vi) The due date is on 25th Nov 2012. Any delay will be penalized 1% per working day.

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