Over annual operating plan of facility department in First Solar VietNam

Abstract

The overall planning process is crucial for any organization since essentially making it puts the organization in a position of victory. Making a set of plans and techniques through the yearly arranging prepare is important in and of itself. Making an yearly arranging technique might appear like an self-evident step. Taking the time to distinguish the objectives and resources is the beginning point for a fruitful yearly operation arrange. First Solar Vietnam is a subsidiary of First Solar Incorporation based in the USA. In 2018, First Solar invested USD1.06 billion to produce advanced thin-film solar panels at our highly automated production facility in Dong Nam Industrial Park, Cu Chi District. First Solar always focus to lower its manufacturing cost per watt. Therefore, budget management is always a top priority. During the budget review, the writer found symptoms that lead to over budgeting and possibly affect the plant's goals. The purpose of this thesis to find out the problems of Facility department of First Solar Viet Nam to get the situation and solve them. This report analyzes and conducts in-depth interviews with System owners and managers of the Facility department using both primary and secondary data. It also relies on existing literature to verify some potential issues. Following that, the thesis continues to investigate potential causes in order to determine the main causes that exist in the firm. Finally, the writer will provide the alternative solutions then come out with the detail of action plan. To sum up, the thesis finds out that system owner do not monitor the budget plan is the main problem of over Equipment and Repair in annual operating plan of Facility department in First Solar Viet Nam. The main cause which leads to this problem is the lack of purchasing plan. And the best solution is build up the Master Data Management in maintenance. This solution can support the System owner and manager have the field to manage the budget in monthly basic. It will reduce the risk to over the budget and fail the KPIs of the department then contribute to reducing the company's cost per watt.