Analyze and propose the plan to monitor and estimate business aspects
Production Planning is one of the extremely important aspects in the field of Logistics and Supply Chain Management. In this article, I used the case of Hoa Phat Steel Group Corporation (Hoa Phat) is one of Vietnam's leading steel producers. The company has a strong presence in the domestic market and is also a major exporter of steel products. To achieve these ambitious targets, I am implementing a comprehensive production planning process. This process includes the following steps:
- Demand forecasting: I forecasts demand for its steel products based on a variety of factors, including economic growth, construction activity, and global steel prices.
- Production planning: Based on the demand forecast, I develops a production plan that optimizes the use of its raw materials and production capacity.
- Inventory management: I maintains an optimal level of inventory to ensure that it can meet customer demand while minimizing carrying costs.
- Supply chain management: I develop the supply chain network by using algorithms
- Production scheduling: I schedules its production activities to ensure that it can meet customer deadlines and minimize downtime. Production planning process is a key factor in the company's success. The process helps me to appoach realistic problems to produce high-quality steel products at a competitive price. This has made the company a leading player in the global steel market.
- Forecasting : Propose a multi-regression by python, investigate a comprehensive way to approach realistic problem and machine learning
- Inventory : Improve merge order and lotsizing with deeply solver in MATLAB and CPLEX
- Warehouse : Apply material handling equipment, evaluate the flow of items and create a database
- Production : Simulate the production line with deeply data collection and make the improvement
- Business strategy : Propose possible problems and try to solve that.