A manufacturing company has been in business in last 25 years and producing 7 different products belong to

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answerhappygod
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A manufacturing company has been in business in last 25 years and producing 7 different products belong to

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A manufacturing company has been in business in last 25 years and producing 7 different products belong to the same family with different functionalities. The products have a reasonable market share but the fast-changingtechnological developments and heavy competition in the market havestarted giving hard times tothecompany.The company has been an innovative and using the latest processing technologies in its manufacturing operations. However, the fast-changingtechnologiesand increasing custom based demand in the market forced the company to use modern data science tools and techniques. Therefore, the company has decided to use social mediabesidesthe usual surveys collected from their market surveyorsas a feedback mechanism to collect the data and information they needed to use in their decision process for mainly to produce highquality productsas well as start designing new products to meet the customer expectations in a speedy way.The management of the organization, after long discussions, has decided to build a Data Analytics Unit which should work closely with the design, manufacturing, and marketing departments. The expectationsfrom this unit are mainly design a data analytics system, collect the relevant data, store them safely, process them as quickly as possible and extract the usefulinformation out of collected data and distribute them to the required departments and units in a timely manner.Notto fall behind in competition with the other companies, particularly there is an urgent need todesignnew productsand optimize the available production processes in the organization.The products are highly seasonal products,and the product design starts at least one season before theproductreachesthemarket. Therefore, the timely availabilityof the productsis very important for the organization. Further, the company prepares quarterly production plansusing the data for forecasts of the products, inventory levels, inventory policy adopted, weekly average production volume, weekly demand for the products, and the availabletime and the workforce, which is fairly stable withnofiring or hiring seasonally.Considering these information:1.Design aData AnalyticsSystem for this organization.(40-Mark)2.How would you use the designed data analyticssystem to optimize the Product Design Process?What data you need and how youcould use this data in the product design process?(30-Mark)3.How would you use the designed data analytics system to optimize the production planning process? What data you need and how youcould use this data in the production planning optimizationprocess?(30-Mark)The project is due on 1stof June at 17.00.
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