Team Assignment 1 Template (OPM3000QTA)

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School

Baruch College, CUNY *

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Course

OPM3000

Subject

Industrial Engineering

Date

Feb 20, 2024

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docx

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2

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Team Assignment 1 OPM3000 Name of students who contributed to this write-up. 1. 2. 3. 4. 5. Consider the following change to Get-A-Dress (GAD)’s operations proposed by InstaClean: InstaClean is proposing to take over all the processing of dresses after they are returned. In other words, all dressed will be sent to InstaClean upon return from customers. InstaClean will carry out all the processing (cleaning, inspection and repair) of dressed and make them ready for renting to customers (in "Ready-to-go" inventory). With this change assume that: § InstaClean now takes an average of 3 days for processing a dress, and charges $30 per dress (even for those dresses which did not require repair). InstaClean justifies longer time and higher cost by noting that it is doing all the processing which were earlier done by different companies. § You can assume that dresses are sent to InstaClean immediately after they are returned from customers. Dresses also go to "Ready-to-go" inventory immediately after InstaClean completes processing them. § You can assume they did not make changes considered in the case (i.e., ignore “Five-day rentals” and “Improving Inspection” discussed in the case). Question 1: Draw a revised Process Flow diagram for the company. (You can draw using word document tools or paste a picture of handwritten diagram. The diagram should be clear.).
Question 2: Calculate updated inventory of dresses for the company. (Show you work to get full credit). Question 3: Starting with the profit and loss (P&L) from the base case, provide a revised P&L statement after the proposed change has been implemented.
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