You have just graduated, and you are just about to launch the business of your dreams for manufacturing a product of your own choice.
Your goal in this assignment is to describe in detail the steps that need to be carried out for setting up the production of this product, applying Operations Management (OM) principles. In particular, you will have to cover the following steps (the corresponding sections in your report are also listed):
Introduction: Market scope and detailing of the demand profile for the first year of operation
Manufacturing Setup: Description of the processes that will have to be set up for manufacturing your product (for instance, turning, milling, drilling, painting, assembly, packaging or grading and site preparation, foundation construction, framing, installation of windows and doors, roofing, … for buildings, etc.)
Supply Chain Network Configuration: Identification of raw materials and parts, their quantities and order quantities, the delivery schedule as well as a selection of the corresponding suppliers
Production Optimisation: Optimisation of production processes and supply chain, utilizing, for instance, principles related to Assembly Line Balancing, Little’s Law, OEE, Queuing Theory or to any other OM approaches
Model and Validation: Development, test, and validation of your production model utilizing the AnyLogic Discrete Event Simulation Platform; your model should include cost and time parameters
Conclusions: Summary of your idea and conclusions
The report should not exceed 10 pages overall. You are free to choose any product and processes you wish. The product, however, should be, if possible, new and innovative. It should, in other words, have a place in the market. Although the associated information would, for the most part, be imaginary, the overall model should be as realistic as possible. You may also select a product that is closer to your engineering background. It may be a new mechanical device, a novel software product, an innovative electronic device, a set of new buildings, etc.