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Aug 28, 2020 · Expected Time between Orders (T) = 0.27. Annual Total Cost = Carrying Cost + Ordering Cost. Annual Total Cost = 1,090,897. Part(c): The Production of Fujairah Portland cement starts with the procurement of the Raw materials from various countries. After that the raw materials are crushed using the 2 crushers 1800 TPH which the company has into ...
The two major drivers of the supply chain performance are inventory and transportation. The company focuses on managing the inventory to reduce wastage of the products and timely supply of the batch of cement. The inventory management is already discussed in the previous section 4. The transportation also plays a vital role in effective management of supply chain of the company.
The supply design of the organisation includes seven main phases, namely raw material mining and procurement, material proportioning, raw material grinding, coal grinding, clinkerization, pyroprocessing. After that, the grinding is finished. The final stage of the entire process is packing the cement and dispatching. For packaging, superior quality of packaging material is used and for dispatching, the cement stacks are covered with canvas to resist the interaction with oxygen.
After that the raw materials are crushed using the 2 crushers 1800 TPH which the company has into the product size of 0 – 25 millimeters. Then the crushed products are moved towards the Belt conveyor for grinding of the raw materials to take place and mixing it with the additive raw materials to achieve the targeted mix ratios of the product. The they are transported for further blending to occur at the designated hoppers. After that they are feed into the 5 stages of the preheater where hot gases is circulated through the mill for the strengthening and drying of the materials to take place. Coal grinding occurs next which is used to fire the kilns and finally collected in the Bag filters and mixed with the other materials coming from previous stages where this Fujairah Ordinary Portland Cement gets its final shape and are then stored in bags for dispatch to take place.
The Fujairah Cement Industries (FCI), the largest cement plant of the UAE was established on 20 th December, 1979, in Emirate of Fujairah. It is a public joint company. Sheikh Mohammed Bin Hamad Bin Saif Al Sharqi is the chairperson of the company (Home – Fujairah Cements industries, 2020). The prime locations of the organisation are in Fujairah UAE (the head office) and the factories, plants, sales and administration activities are conducted from Dibba Fujairah.
The focus of the operations conducted by the organisation is to ensure superior production and serve the gulf region with optimum quality of cement maintaining conservation of resources and sustainability.
Having the highest Total Annual demand in 2015 of 3,324,000 tons, it dropped to 1,797,000 tons in 2019. The reason highlighted in the Corporate report of the company is the imports from Iran along with the competitive pricing in the industry which leads to this declining trend in the demand of the company’s product. Apart from that the company’s profits also get a hit due to the increasing cost of production because of the higher cost of raw materials import from Oman and other Gulf states. Moreover, the increased general and administrative expenses is also a contributing factor to it.
The Mean Absolute Percentage Error (MAPE) of the Forecast for Q3 of Year 2020 is 10.75% which is reasonably sound. This means that the Forecasted/Predicted value of 432,596 tons can fluctuate between a high of 479,087 tons (+10.75%) to a low of 386,104 tons (-10.75%). This will lead to the Cumulative demand for the year 2020 till Q3 to be anywhere between 1,329,087 tons and 1,236,104 tons. The graph below shows the fluctuations in the Quarterly Absolute Percentage Errors over the 5-year time horizon which gives a MAPE of 10.75%.