1.Describe the overall frameworks for resource planning in both goods-producing and service-providing organizations. 2.Explain options for aggregate planning 3.Explain the three basic strategies for aggregate planning.
Q: Why are graphical aggregate planning methods useful?
A: Manufacturing refers to the production of products for either use or for sale, by using labor and…
Q: The following information relates to a company’s aggregate production planning activities:…
A: Level production strategy refers to the constant production rate irrespective of demand forecast. In…
Q: David Villa Manufacturing has the following demand aggregate requirements And other data for the…
A: Plan A:
Q: Eagle Fabrication has the following aggregate demand requirements and other data for the upcoming…
A: Given Information: Step 1: Quarter Demand 1 1400 2 1000 3 1500 4…
Q: Month Demand Production End Inventory Stockouts Inventory Cost Stockouts Cost Hiring Cost Firing…
A: Given Information: Inventory holding cost = $ 20 per unit per month Stockout cost of lost sales = $…
Q: Q3(a). Indicate where do Resources come from? Identify three (3) types of resources that John…
A: Business resources also understood as factors of production, it is consist of land & labor and…
Q: Explain why aggregate planning is different when a business does not produce a tangible good
A: Aggregate planning is a technique for forecasting the volume and timing of future demand (3-18…
Q: Planners for a company that makes several models of skateboards are about to prepare the aggregate…
A: Assuming a 300 units per period, level output rate with regular time.
Q: Explain what the term aggregate in “aggregate planning”means.
A: Manufacturing refers to the production of products for either use or for sale, by using labor and…
Q: Being a resource planning manager of the firm how will you translate the company annual business…
A: Material requirements planning (MRP) refers to a computer-based inventory management system that is…
Q: Why do organisation have to do aggregate planning ?
A: Introduction Aggregate planning helps a company to improve customer satisfaction. Furthermore, it…
Q: 1.- The next table shows the demand forecast for a group of products Month July August September…
A: Note: Since a unit needs 5 hours and 2 will need 10 hours, while the available hours per day are…
Q: Create a level plan with a zero ending inventory for the forecast shown in the table. There is no…
A: It is given that, the regular production capacity is 300 units. Overtime costs are K15 extra and are…
Q: Describe what is graphical method in aggregate output planning?
A: A Graphical Approach to Aggregate Output Planning A two-dimensional model that connects cumulative…
Q: The Annual Business Meeting of FMCG Company was held in February 2020 where the company has set the…
A: The translation of the company annual business strategy into Aggregate Manufacture Plan, Master…
Q: Describe the output of aggregate planning. When is aggregate planning most useful?
A: Aggregate planning is a type of planning system in the process of production in a marketing activity…
Q: Develop a S&OP plan by month for fiscal year 2015. Consider the use of several different…
A: S&OP (Sales and operations planning )is a business management process with the help of which the…
Q: What are major limitations of using the tra nspo rtation method for aggregate planning?
A: A small introduction of Aggregate Planning Aggregate planning is a logical apparatus that…
Q: The president of HiU Enterprises, Terri Hill, projects the firm's aggregate demand requirements over…
A: Given table- Month Demand December 1600 January 1400 February 1600 March 1800 April…
Q: Explain what aggregate planning is and how it is useful.
A: Aggregate planning using transportation method helps to attain the minimum cost with the optimal…
Q: Describe the different demand-based options used in aggregate planning and their implications for a…
A: Aggregate Planning - Aggregate planning is the process of developing, analyzing, and maintaining a…
Q: What is aggregate planning? What is its purpose?
A: Aggregate planning comprises specification of production requirements our medium period based on…
Q: GOT7 Soda Pop, Inc., has a new fruits drink. The production planner has assembled the following cost…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Period Forecast Cust.Ord.…
A: Master plan scheduling is used to determine what quantity of products must be ordered at what time…
Q: What is the managerial significance of aggregate planning. Explain
A: Below is the solution:-
Q: EE Company has the following aggregate demand requirements and data for the upcoming four quarters.…
A: A deadline is the last or the target date before which the task has to be done.If the task is not…
Q: List the strategic objectives of aggregate planning. Which one of these is most often addressed by…
A: Meaning of Aggregate planning:- An association can settle its marketable strategies on the proposal…
Q: Item А C D E F G H Lead 4 4 5 6 4 3 time What is the customer response time if all purchased items…
A: Detailed solution is given in Step 2
Q: What are the major differences between aggregate planning in manufacturing and aggregate planning in…
A: The major differences between aggregate planning in manufacturing and aggregate planning in…
Q: What are the main distinctions between aggregate production planning and aggregate operation…
A: The below are the primary distinctions between aggregate planning in production and aggregate…
Q: List the strategic objectives of aggregate planning. Whichone of these is most often addressed by…
A: Aggregate Planning: It is the arranging procedure of creation measure, which assists with arranging…
Q: Plan production for a four-month period: February through May. For February and March, you should…
A: Production planning is indeed the process of defining a roadmap for the design and manufacture of a…
Q: List the stra tegic objectives of aggregate planning. Whichone of these is most often addressed by…
A: Aggregate planning is a method for developing a long-term production strategy that ensures the…
Q: The factors are the most often used for manufacturing aggregate planning?In the context of a…
A: The most specific decision variables with aggregate planning seem to be:
Q: Ouesten 25 Question 18 A company faces the aggregate planning problem shown in the table below Cost…
A: Since it is given that the plant operates 7 days a week means it works all days. The number of units…
Q: 14.5. Mama's Stuffin' is a popular food item during months, but it is marginal in the spring and…
A: One of the most challenging issues in production and manufacturing business is failure to have…
Q: Explain the difference between aggregate planning in service and aggregate planning in manufacturing…
A: Aggregate planning is the process of developing the appropriate production plan to eliminate…
Q: Q. Jack is concerned about his company's corporate image and has decided against using hires and…
A: To determine the production hours: a). Total demand=33600 (34000-400) Therefore, for per period =…
Q: Describe in detail what are the aggregate planning goal's?
A: The aggregate strategy must meet a number of objectives concurrently. Several critical purposes of…
Q: List strategic aggregate strategy priorities. What of these are the computational methods of…
A: Aggregate planning: It is the planning methodology of the creative interaction, which assists with…
Q: Define yield management. How does it differ from the pure strategies in production planning?
A: Yield management is a variable pricing methodology executed by understanding, influencing, and…
Q: The most effective aggregate planning strategy depends on O a. the competitive position O b. the…
A: The correct option is c all choices
Q: , contrast the “Level” strategy from the “chase” strategy?
A: Sales and operations are two functions of an organization that helps in the smooth flow of processes…
Q: discuss what is graphical method in aggregate output planning?
A: A Graphical Approach to Planning Aggregate Output The graphical planning technique is a…
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- Identify the two categories of aggregate planning strategies,and explain the difference between them.How does the Wilson approach handle demand forecasting and inventory planning for new product launches?1. Develop an aggregate plan for the following forecast Period 3 4 5 6 7 Total 1 2 8 Forecast 190 230 260 280 210 170 160 260 180 1,940 There are 20 workers who can produce 10 units per period at a cost of P6.00 per unit. There is no beginning invetory and the cost of carrying inventory is P5.00 per unit per period. Backlog cost is P10.00 per unit per period. Will the present workforce able to produce the forecast? b. What is the total cost of the plan? a.
- please help me with Question 3 thanks! Demand forecasts for 2021 are as follows: Month Demand Jan 140,000 Feb 78,900 Mar 85,800 Apr 89,100 May 123,600 Jun 136,350 Jul 120,450 Aug 106,950 Sep 121,950 Oct 135,750 Nov 87,000 Dec 93,300 Each worker can produce 900 products per month and is paid $1500 per month. Assume that at the end of last year, the company has 100 employees working on the production line. Hiring and layoff (firing) decisions are made at the beginning of each month, and associated costs are charged at that time. It costs the company $400 to hire and $800 to lay off a worker. The company incurs holding cost for the amount of ending inventory in each month, and incurs backorder cost at the end of each month for any unfilled orders. The company incurs $2 per month for holding one unit in inventory and $4 per unit backorder. 1 Prepare a level aggregate plan. Under this level aggregate plan, how…NowJuice, Inc. produces bottled pickle juice. A planner has developed an aggregate forecast for demand (in cases) for the next four months. Use the following information to develop an aggregate plan using the LEVEL strategy. Inventory holding cost is $1 per month per case and backlog cost is $5 per month per case. Beginning inventory is zero. Month May June July August Forecast 452 520 600 719 Cost Per Unit Monthly Capacity Regular Production 19.40 400 Overtime Production 1.5 x Regular Prod Cost 400 What is the TOTAL cost of the LEVEL plan over the planning horizon? Correct Answer 51,588.6 CAN SOMEONE SHOW ME HOW THEY GOT THE ANSWER 51588.6Southeast Soda Pop, Inc., has a new fruit drink for which it has high hopes. John Mittenthal, the production planner, has assembled the following cost data and demand forecast: Click the icon to view the demand forecast. E Click the icon to view the cost data. John's job is to develop an aggregate plan. The three initial options he wants to evaluate are: • Plan A: a strategy that hires and fires personnel as necessary to meet the forecast. • Plan B: a level strategy. • Plan C: a level strategy that produces 1,000 cases per quarter and meets the forecast demand with inventory and subcontracting. a) Which strategy is the lowest-cost plan? Try hiring and layoffs (to meet the forecast) as necessary (enter your responses as whole numbers). Hiring and Layoff Plan Layoff (Units) Hire Quarter Forecast Production Inits) 1,300 1 1,700 Costs/Other Data Previous quarter's output = 1,300 cases Beginning inventory = 0 cases Stockout cost of backorders = $140 per case Inventory holding cost = $45 per…
- A Pizza Company has a demand forecast for the next 12 months that is shown in Table 1 The current workforce of 100 staff can produce 1500 cases of pizzas per month. (a) Prepare a production plan that keeps the output level. How much warehouse space would the company need for this plan? (b) Prepare a demand chase plan. What implications would this have for staffing levels, assuming that the maximum amount of overtime would result in production levels of only 10 per cent greater than normal working hours? Table 1 demand forecast Month Demand (cases per month) January 600 February 800 March 1000 April 1500 May 2000 June 1700 July…Develop a level aggregate plan for the Draper Company ifno back orders are permitted.(a) Show what would happen if this plan were implemented.(b) Calculate the costs associated with this plan.(c) Evaluate the plan in terms of cost, customer service,operations, and human resources.Case Exercise 3: Demand Forecasting for an Insurance Company