If a planned receipt for an item is due in Week 5 and the item's lead timeis 3 weeks, when will the corresponding planned order release occur?O Week 3O Week 8O Week 5O Week 7O Week 2

The planned order release for an item occurs a specific number of periods (or lead time) before the…

Answered: If a planned receipt for an item is due…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Complete the master productin schedule based on thefollowing information:Week 1 2 3 4 5 6 7 8 9Forecast 320 100 30 110 40 240 290 60 410Customer Orders 60 50 80 20 60 60 0 0 0Projected On-Hand Inventory 600MPS ReleasedMPS DueAvailable-to-promise (ATP) Scheduled production whenever projected on-had inventory drops below 30MPS lot size: 300Production lead time or lead time for MPS releases 1
4.7 Complete the following table. Lead time for the part is two weeks. The lot size is 50. What is the projected available at the end of week 3? When is it planned to release an order? Week Gross Requirements Scheduled Receipts 1 2 3 4 30 25 10 10 10 50 Projected Available 10 Net Requirements Planned Order Receipt Planned Order Release
Period 1 2 3 4 5 6 Demand 43 11 20 30 50 26 ordering cost 100 120 100 100 100 120 inventory cost 5 10 5 10 5 13 product cost 10 2 7.5 10 10 5 According to the W-W algorithm, what is the order quantity for the period two?
The planned order receipt for item A is 200 in week 5 and the lead time is 3 weeks. Which week should the planned order release be?
Master production schedule is a medium-range planning and it is used for quantity and timing of components and raw material Finished goods Both A & B
The inventory at the end of the 5th day is ?
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 12 units at $47 Jan. 11 Aug. 13 20 units at $48 Nov. 30 $564 960 735 Avaliable for sale $2,259 There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-sout (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost Inventory Purchase Purchase 15 units at $49 47 units 1,284 X
14 Uncommitted inventory that is physically on-hand is called ______. a ready-to-buy b ready-to-sell c made-to-stock d available-to-promise 15 Which system calculates materials, subassemblies, and components required for end item production? a production planner b master production schedule c capacity requirements planning d materials requirements planning 16 What is the process that identifies which parent item has generated requirements for a component called? a where-used analysis b splitting c pegging d netting
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 15 units at $40 $600 Aug. 13 Purchase 5 units at $41 205 Nov. 30 Purchase 11 units at $42 462 Available for sale 31 units $1,267 There are 9 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) $fill in the blank 1 b. Last-in, first-out (LIFO) $fill in the blank 2 c. Weighted average cost $fill in the blank 3
Contrast planned-order receipts and scheduled receipts.
Describe the advantages of cycle counting over an annualphysical inventory.
Case Problem: Specialty Toys You are an inventory specialist for Specialty Toys, Inc. The company sells a variety of new and innovative children's toys. You know that the preholiday season is the best time to introduce a new toy because many families use this time to look for new ideas for December holiday gifts. When the company discovers a new toy with good market potential, it chooses an October market-entry date. For you to get toys in your stores by October, you place one-time orders with manufacturers in June or July of each year. You are aware that demand for children's toys can be highly volatile. If a new toy catches on, a sense of shortage in the marketplace often increases the demand to high levels and large profits can be realized. However, new toys can also flop, leaving the company stuck with high levels of inventory that must be sold at reduced prices. The most important question you face is deciding how many units of a new toy should be purchased to meet anticipated…

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If a planned receipt for an item is due in Week 5 and the item's lead time is 3 weeks, when will the corresponding planned order release occur? O Week 3 O Week 8 O Week 5 O Week 7 O Week 2