Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Describe the advantages of cycle counting over an annualphysical inventory.
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- Objectives of Inventory Control in Procter & Gamble.arrow_forwardDemand history for the past three years is shown below, along with the seasonal indices for each quarter. Seasonal Index Year Year 1 Year 2 Year 3 Quarter Q1 02 03 04 Q1 02 Q3 04 01 Q2 Q3 04 Demand 225 253 392 310 229 242 391 360 220 256 400 288 0.756 0.845 1.327 1.075 0.756 0.845 1.327 1.075 0.756 0.845 1.327 1.075 Do not round intermediate calculations. Round your answer to the nearest whole number. Use exponential smoothing with alpha (a) = 0.2 and an initial forecast of 297 along with seasonality to calculate the Year 4, Q1 forecast.arrow_forwardsniparrow_forward
- The table above provides the aggregate plan of production by a firm. It is known that the firm uses a level plan with backorders. Given this information, what is the number in the cell with the question mark?arrow_forwardMonth# Jan Feb Mar Apr May June Forecast# 1800 1500 1100 1500 2100 1600 Name Labor hours per unit (hr/unit) Initial number of workers Safety Stock (units) Working hours in a day(hr/day) Beginning inventory(units) Value 5 30 0 9 450 Month# Jan Feb Mar Apr May June Working Days available 21 21 21 21 21 19 The tables present forecasts, production, and cost information for aggregate planning. Using a level strategy with backorders to produce at average demand, now many workers are required each month? (Round up the calculated number of workers to the nearest whole number, and round the production rate to the nearest whole numberarrow_forwardThe table above provides the aggregate plan of production by a firm. It is known that the firm uses a level plan with lost sales, i.e., without backorders. Given this information, what is the number in the cell that says xx?arrow_forward
- Describe the link between inventory levels and production schedule?arrow_forwardExplain DRP and different ways to deal with uncertain demand.arrow_forwardExplore the concept of dynamic order quantity in the Wilson approach and how it adapts to changing demand patterns. Provide examples.arrow_forward
- The table above provides the aggregate plan of production by a firm. It is known that the firm uses a level plan with backorders. Given this information, what is the number in the cell with the question mark?arrow_forwardThe Internet provides Which advantages for a firm’s order placement process?arrow_forwardDiscuss the role of cross-functional collaboration in effective aggregate planningarrow_forward
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