1.1 Discuss the system Marang Pty Ltd may adopt into the planning system to replace
the outdated legacy system. Use examples from the case study to justify the
discussion.(2)
, Marang Supplies Pty Ltd is currently using a legacy system to manage its supply chain
operations, but the system is outdated and lacks the functionality to manage the
company's growing operations. As a result, the company faces several challenges, such
as lack of real-time visibility into inventory levels and stock movements, manual and
time-consuming procurement processes, difficulty in tracking production progress and
scheduling, and inefficient distribution processes that lead to delays and customer
complaints.
To address these challenges, Marang Supplies Pty Ltd can adopt an advanced
planning system (APS) to replace the outdated legacy system. An APS is a
software application that helps businesses plan, schedule, and optimize their
supply chain activities. The APS can assist the company in the following ways:
Real-time visibility: The APS can provide real-time visibility into inventory levels
and stock movements, enabling the company to make informed decisions about
production planning, procurement, and distribution.
Automation: The APS can automate procurement processes, reducing the
manual effort required to manage procurement activities. The system can also
automate production scheduling, ensuring that production is scheduled
efficiently and on time.
Optimization: The APS can optimize the supply chain by identifying inefficiencies
and bottlenecks in the system. The system can then provide recommendations
for improvement, such as adjusting production schedules or changing
distribution routes.
Forecasting: The APS can use historical data and predictive analytics to forecast
demand and plan production and inventory accordingly. This can help the company
avoid stock outs or overstocking, reducing inventory costs and improving customer
satisfaction.
By adopting an advanced planning system, Marang Supplies Pty Ltd can improve its
supply chain operations, reduce costs, and enhance customer satisfaction.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Regal00. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R199,00. You're not tied to anything after your purchase.
