Case Synopsis: Mahindra & Mahindra Ltd., a $23 billion company in 2021, has been the number one tractor manufacturer in India for the last 30 years. The agriculture tractor sale market in India is seasonal in nature and growing. To meet demand, the company has four manufacturing plants and 26 sales offices across the country; their main job is to coordinate supplies between its 800 dealers and the company. The sales offices provide a rolling demand forecast of tractors for the current month plus two months in the future. The forecast is used to determine the number and models of tractors to manufacture and to support advance ordering of key modules and parts. The deputy general manager of sales in the company’s Farm Division has been receiving an increasing number of complaints from irate dealers about the supply of tractors from the company’s stockyards. He needs your help to fix the situation. 1A. Discuss two additional demand management strategies or tools that MMFE could use to better match supply with demand. 1B. If MMFE follows your recommendations identified above, what financial and service benefits can the company achieve? Be specific and use case information when possible
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Case Synopsis: Mahindra & Mahindra Ltd., a $23 billion company in 2021, has been the number one tractor
manufacturer in India for the last 30 years. The agriculture tractor sale market in India is seasonal in nature and
growing. To meet demand, the company has four manufacturing plants and 26 sales offices across the country; their
main job is to coordinate supplies between its 800 dealers and the company. The sales offices provide a rolling
demand
number and models of tractors to manufacture and to support advance ordering of key modules and parts. The deputy
general manager of sales in the company’s Farm Division has been receiving an increasing number of complaints from
irate dealers about the supply of tractors from the company’s stockyards. He needs your help to fix the situation.
1A. Discuss two additional demand management strategies or tools that MMFE could use to better match supply with demand.
1B. If MMFE follows your recommendations identified above, what financial and service benefits can the company
achieve? Be specific and use case information when possible.
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