Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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How does MRP answer the two basic questions of Q and R?
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- Year Demand History for the Bow Rake: DEMAND Month Year 1 Year 2 Year 3 Year 4 1 55,220 39,875 32,180 62,377 2 57,350 64,128 38,600 66,501 3 15,445 47,653 25,020 31,404 4 27,776 43,050 51,300 36,504 5 21,408 39,359 31,790 16,888 6 17,118 10,317 32,100 18,909 7 18,028 45,194 59,832 35,500 8 19,883 46,530 30,740 51,250 9 15,796 22,105 47,800 34,443 Prepare a graph that shows the four-year demand history for the bow rake. Discuss any apparent trend and seasonal patterns. 2. Which forecasting method might be best for bow rakes for each month of Year 5? Why?arrow_forward(1) What are the three most common core components of 1st generation ERPs? Group of answer choices Accounting and finance Human resources Building and faculty management IT services management Occupational health and safety Production and materials management (2) In information systems, what does ERP actually stand for? Group of answer choices Entity Relationship Programming Enterprise Requirements Planning Enterprise Resource Planning Entity Requirements Planningarrow_forwardSo, what exactly are ERPs? When used as a design approach, what are the upsides and disadvantages of such systems?arrow_forward
- 3. MRP systems have been used with varying degrees of success. Describe under what circumstances MRP might be successful and under what circumstances it would not be successful. It will be successful in a circumstances ofarrow_forwardThe unit cost for Item #10286 has increased from $90.00 to $120.00. Howdoes this impact the ABC analysis?arrow_forward1. Identify some reasons for ERP failures? 2. Explain the chain of events from quality to profits. 3. Why is defining service quality is difficult?arrow_forward
- State objective functions and constraints. Thank you.arrow_forwardWhat are the advantages of TPS, CRM, and SCM?arrow_forwardAssume Port Aventura has decided to pursue acquiring an ERP system. What components do you recommend they include in the system? Explain why you have selected these components. Based on the KPI's you recommended last week, will these KPI's be able to be measured given your selection of ERP components?arrow_forward
- Hershey's Bittersweet Halloween This incident is perhaps one of the most dramatic failure stories of ERP implementation failure. Founded in 1876, one of the largest North American chocolate manufacturers, Hershey's undertook a project to implement SAP R3 ERP software. However, nothing went according to plan. In the end, its new order-taking and distribution computer system which was a $112 million combination of software from ERP maker SAP, CRM provider Siebel and supply chain software from Manugistics, failed to deliver $100 million worth of Kisses and Jolly Ranchers for Halloween. It was told that the incident happened because of malfunctioning of the ERP system. As a result, the stock price declined 8 percent in a single day, profit dropped by 19 percent, and sales plunged by 12 percent, not to mention the credibility they lost in the market. Hershey's made another critical scheduling mistake – it timed its cutover during its busy season. It was unreasonable for Hershey's to…arrow_forwardDiscuss the history of ERP, particularly the history of ERP in the modern manufacturingworldarrow_forward
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