This is a subject of production management

BCO214Production ManagementMid-term assessment brief & rubricsTaskObjective:To design, plan and organize a new manufacturing plant following the learnings from this class.This assignment is individual.Enjoy and learn!Table of contents:1.Decide the name of your company. It could be real or made up.2.Think of a new product that your company needs to start producing.3.Define the production process that will result in the creation of your product:a.What would be the inputs?b.What resourceswill the inputs undergo?c.What would be the outputs?4.Choose the production system appropriate for your plantand draw and explain the lay-out usingthe standard symbols.5.Choose your plant location:a.Choose a country, a region, and a site within that region.b.Justify your decision.6.Draw a layout for your plant. Is it a product or process type of layout?7.Choose one of the inputs to your process that needs to be procured from an external provider and establish the EOQ (Economic Order Quantity). Estimate the different parameters as you deem appropriate (annual usage, order cost and carrying cost).8.Decide if JITor MRPcould be moreappropriate for your plant and provide the reasons for your decision.Formalities:•Wordcount: 2000-2500 words•Cover, Table of Contents, References and Appendix are excluded of the total wordcount.•Font: Arial 12,5 pts. •Text alignment: Justified.•The in-text Referencesand the Bibliography have tobe in Harvard’s citation style.Submission:Week (5) –Via Moodle (Turnitin).oMid-term assessment will be due on week 7by 22ndNovemberat 23:59.

Weight:This task is a 40% of your total grade for this subject.It assesses the following learning outcomes:•Week 1 to week 6