Question: Case Study: Demand Forecast, Inventory Management and Capacity design at Pharma.Tech selling paramedical equipment varying from needles to medical uniforms worn by medical or laboratory

Case Study: Demand Forecast, Inventory Management
Case Study: Demand Forecast, Inventory Management
Case Study: Demand Forecast, Inventory Management
Case Study: Demand Forecast, Inventory Management and Capacity design at Pharma.Tech selling paramedical equipment varying from needles to medical uniforms worn by medical or laboratory staff. Currently and under the effect of the coronavirus outbreak, the company is planning to adjust its annual production of medical face masks to the drastically changed market demand. While the World Health Organization is recommending everyone to wear medical-grade masks in public, such masks are difficult and expensive to make. Therefore, the company should accurately predict the total market demand of these type of masks. Moreover, the prices for such items are highly regulated and knowing that the storage cost of the medical face masks is about 60 to 80% from their total cost, the company should manage its inventory while keeping its total inventory cost at minimum. As providing a plan to accurately forecast the future demand of medical face masks, then manage optimally the company stock level and propose direction regarding the company capacity design in order to improve its productivity. Part III: Capacity Design Pharma. Tech is planning to expand its production capacity, to meet the growing demands of 2021 and later, by opening a new plant to produce its high selling products (the medical face options for the new factory. As the advisor for the company, answer the following questions. 1. Which layout type is most suitable for the new factory? Justify your choice. 2. Discuss the advantages and disadvantages of your proposed layout compared to another alternative layout type in terms of demand volume, flexibility, labor skill, and equipment requirement. Sheet1 save the data Ver Demand $11 7228 8202 1 click on command 2. select the table 3. copy paste the table in sheet 2 (save the data) 4414 7160 BOTE III le 4135

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