MME80001 Resource Planning and Management Assignment

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MME80001 Resource Planning and Management - Swinburne University of Technology

A large organisation in Australia has ongoing contract works for numerous infrastructure projects in different states and territories. A division of this organisation based in Victoria requires 25 materials (M1, M2, M3, M4, M5, M6, M7, M8, M9, M10, M11, M12, M13, M14, M15, M16, M17, M18, M20,
M21, M22, M23, M24, and M25) for the project delivery requirements in their contract works.

• 500 tons of Material "M1" (unit cost: $500 per ton)
• 180 tons of Material "M2" (unit cost: $1800 per ton)
• 320 m2 of Material "M3" (unit cost: $220 per m2)
• 2500 m2 of Material "M4" (unit cost: $250 per m2)
• 2000 boxes of Material "M5" (unit cost: $250 per box)
• 1000 m3 of Material "M6" (unit cost: $10 per m3)
• 5000 litres of Material "M7" (unit cost: $1.5 per litre)
• 1000 packets of Material "M8" (unit cost: $100 per packet)
• 150 numbers of Material "M9" (unit cost: $500 per unit)
• 6000 m3 of Material "M10" (unit cost: $80 per m3)
• 12000 m of Material "M11" (unit cost: $50 per m)
• 10000 tons of Material "M12" (unit cost: $110 per ton)
• 100 tons of Material "M13" (unit cost: $500 per ton)
• 80 tons of Material "M14" (unit cost: $800 per ton)
• 150 m2 of Material "M15" (unit cost: $80 per m2)
• 25 m2 of Material "M16" (unit cost: $350 per m2)
• 20 boxes of Material "M17" (unit cost: $2000 per box)
• 100 m3 of Material "M18" (unit cost: $15 per m3)
• 500 litres of Material "M19" (unit cost: $1.25 per litre)
• 200 packets of Material "M20" (unit cost: $10 per packet)
• 1500 numbers of Material "M21" (unit cost: $50 per unit)
• 6000 m3 of Material "M22" (unit cost: $80 per m3)
• 100 m of Material "M23" (unit cost: $500 per m)
• 10 tons of Material "M24" (unit cost: $180 per ton)
• 80 m of Material "M25" (unit cost: $6000 per m)

i. Assume that you are the manager responsible for material resources in this division and all these materials are centrally managed in your division. Prepare your ABC analysis based classification for above-mentioned 25 materials.
ii. Suggest your Pareto principles-based recommendations for material resources planning and management with respect to any two aspects listed below:
a. Reporting material wastages
b. Critical procurement decisions
c. Controlling quality variance/ deviations

The VED (Vital, Essential, Desirable) analysis of these 25 materials revealed that: (a) "M1", "M4", "M10", "M11", "M14", and "M20" are Vital materials; (b) "M2", "M6", "M7" "M8", "M12",
"M16", and "M18" are Essential materials; and (c) the rest are Desirable ones in the ongoing contract works of your division. Suggest your recommendations based on combined ABC and VED analyses for any two aspects of materials planning and management in this organisation, i.e. from the list below:
i. Stock of materials
ii. Monitoring material flow and usage
iii. Controlling material wastages

Question (3) of Assignment 1:
By assuming suitable examples/ cases, discuss your strategies and recommendations for any two of following:
i. security of costly inventories in project sites
ii. maintaining buffer stocks of hazardous materials in a warehouse or central storage
iii. obsolescence mitigation for your stock of volatile materials in your division
iv. avoiding and reducing controllable material wastages in your contract works

Attachment:- Resource Planning and Management.rar

Reference no: EM132484939

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