TRL3708
ASSIGNMENT 2
SEMESTER 2
2023
, 1.1Discuss 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replace the outdated legacy system.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 has been facing several challenges due to the
outdated legacy system that it uses to manage its supply chain
operations. The company lacks real-time visibility into inventory levels
and stock movements, has 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, the company may consider
adopting a modern planning system that can handle its growing
operations and integrate with new technologies such as the Internet of
Things (IoT), artificial intelligence (AI), and blockchain.
One example of a planning system that Marang Supplies Pty Ltd could
adopt is an Enterprise Resource Planning (ERP) system. An ERP system is
a centralized database that integrates all the different functions of a
business, such as finance, human resources, manufacturing, and supply
chain management. It provides real-time visibility into inventory levels,
production schedules, and distribution processes, which can help the
company make better-informed decisions and respond quickly to
changes in demand. Moreover, an ERP system can automate
procurement processes and reduce manual data entry errors, which can
save time and reduce costs.
Another example of a planning system that Marang Supplies Pty Ltd
could adopt is a Material Requirements Planning (MRP) system. An MRP
ASSIGNMENT 2
SEMESTER 2
2023
, 1.1Discuss 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replace the outdated legacy system.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 has been facing several challenges due to the
outdated legacy system that it uses to manage its supply chain
operations. The company lacks real-time visibility into inventory levels
and stock movements, has 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, the company may consider
adopting a modern planning system that can handle its growing
operations and integrate with new technologies such as the Internet of
Things (IoT), artificial intelligence (AI), and blockchain.
One example of a planning system that Marang Supplies Pty Ltd could
adopt is an Enterprise Resource Planning (ERP) system. An ERP system is
a centralized database that integrates all the different functions of a
business, such as finance, human resources, manufacturing, and supply
chain management. It provides real-time visibility into inventory levels,
production schedules, and distribution processes, which can help the
company make better-informed decisions and respond quickly to
changes in demand. Moreover, an ERP system can automate
procurement processes and reduce manual data entry errors, which can
save time and reduce costs.
Another example of a planning system that Marang Supplies Pty Ltd
could adopt is a Material Requirements Planning (MRP) system. An MRP
