please answer within 30 minutes. The inventory record (item master file) shows the following planning factors. batches are setat quantities of 20, safety stock is set at 5 handles, the available inventory is 80 and the leadtime for orders is 2 weeks.Complete the MRP record by populating the relevant spaces for "Available inventory" and"Planned order".Note: Please redraw the table in your answer scriptGross requiredAvailable inventoryPlanned order0137220In 13324416520

Batches set at = 20 Quantities Available inventory = 80 Lead time = 2 weeks To be determined -…

Answered: The inventory record (tem master file)…

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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Which of the following is not an acceptable method of applying the LCNRV? Select one: a. Group inventory items b. Individual item c. Total of the inventory d. Inventory location
In each of the following, name the term defined or answer the question. Answers are listed at the bottom.1. The model was most appropriate for making a one-time purchase of an item.2. The model most appropriate when inventory is replenished only in fixed intervals of time—for example, on the first Monday of each month.3. The model most appropriate when a fixed amount must be purchased each time an order is placed.4. Based on an EOQ-type ordering criterion, what cost must be taken to zero if the desire is to have an order quantity of a single unit?5. The term used to describe demand that can be accurately calculated to meet the need of a production schedule, for example
Assume you are the manager of a shop that assembles power tools. You have just received an order for 55 chain saws, which are to be shipped at the start of week 8. Pertinent information on the saws follows: Item Lead Time (weeks) On Hand Saw A B C D E F 2 1 2 2 1 1 2 Gross requirements Scheduled receipts Projected on hand Net requirements Planned order receipt Planned order release Ĉ E(3) & E(2) LT = 1 week Lot size: Lot-for-Lot 15 10 5 65 20 10 30 Skip Extension Tip: Double click to open in new tab Show Transcribed Text Develop the material requirements plan for component E using lot-for-lot ordering for all items. (Leave no cells blank - be certain to enter "0" wherever required.) Components A(2), B(1), C(4) E(3), D(1) D (2), F(3) E(2), D (2) Beg. Inv. 1 2 3 190 5 210 6
Part (A) To control the inventory, organizations have three alternate approaches: Economic Order Quantity (EOQ). Materials Requirements Planning (MRP) and Just-in-Time (JIT). Discuss those three approaches identify the goal of each one? And how the organization can achieve such a goal? Part (B) Some threats could be happened in the production cycle, one of them is over or under production threat. Discuss two problems and two controls related to this threat. for the toolbar, press ALT F10 (PC) or ALT+FN+F10 (Mac).
Exercise 2: The demand per year (D) for product X is 12,100 units. The costs of placing an order (S) are $4.50. The unit cost (C) of the item is $25.00. The maintenance cost (H) per unit per year is 30% of the item's cost. 1. Use the economic order quantity (EOQ) model to determine: *Optimal quantity to order* The expected number of orders*Optimal time between orders*The total annual cost of maintaining that optimal amountNOTE: Show calculations of how you arrived at each amount 2. Answer, what are the potential benefits of using EOQ analysis for inventory management? How can you help businesses strike a balance between inventory holding costs and ordering costs?
Musa's Cashmere Sweaters has authorized the following MPS for her exclusive line of cashmere sweaters. She wants to use the MPS record for promising future orders. Current order promises are included. The MPS order quantity is 60 units. Beginning Inventory is 0. Complete the following MPS record. Period 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 15 15 15 15 20 20 20 20 25 25 25 25 Customer orders 12 10 8 25 40 0 15 30 30 0 0 40 Projected available Available-to-promise MPS 60
i was reading this answer and the way its calculated is a longer process then what someone else wrote can you check if ishould use this one that bartleby has given me or the other one: Step 1: Basic Information The question is related to Economic order quantiy Economic Order Quantity is that level of inventory at which ordering cost and handling cost are minimum. It is calculated with the help of following formula Economic Order Quantity = √2RO ÷ C R = Annual Requirment C = Carrying or Holding cost O = Ordering Cost Step 2: Solution Economic Order Quantity = √2RO ÷ C Economic Order Quantity = √2 × 3000 × 20 ÷ 4.25 Economic Order Quantity = √28,235.294117647 Economic Order Quantity = 168.0336100834 pounds R = Annual Requirment i.e.250 × 12 = 3000 pounds per annum. C = Carrying or Holding cost i.e. £4.25 O = Ordering Cost i.e. £20 Quantity to be ordered = 168.03 pounds. Supplier = Vendor 1 should be used as the cost per pound for 168 pounds is £32.25 (as per table…
Newpaper sales data suggest that 20% of the days, 80 papers are sold; 40% of the days, 90 papers are sold; and the remaining days, 100 papers are sold. Given the vendor plans to stock 90 each day, what approx. expected CSL is the vendor targeting? 60% 36% 57% 65%
Figure shows a partially completed MPS record for 2 inch pneumatic control valves. Suppose that you receive the following orders at right for the valves (shown in the order of their arrival). As they arrive, you must decide whether to accept or reject them. Which orders would you accept for shipment?Order Amount (Units) Week Requested1 15 22 30 53 25 34 75 7
A single inventory item is ordered from an outside supplier. The anticipateddemand for this item over the next 12 months is 6, 12, 4, 8, 15, 25, 20, 5, 10, 20, 5,12. Current inventory of this item is 4, and ending inventory should be 8. Assume aholding cost of $1 per period and a setup cost of $40. Determine the order policyfor this item based onc. Part period balancing
Pennington Cabinets is a manufacturer of several different lines of kitchen and bathroom cabinets that are sold through major home improvement retailers. Pennington built material requirement planning as follows: Current Jan Feb Mar 1200 1000 Gross requirements Scheduled receipts 800 Projected available balance Net requirements Planned order receipts 820 Planned order release Compute net requirements in Feb. Your Answer: Answer
Electro Fans has just received an order for one thousand 20˝ fans due in week 7. Each fan consists of a housing assembly, two grills and a fan assembly. The housing assembly consists of a frame, two supports and a handle. The following table gives lead times, on-hand inventory, and scheduled receipts. Table 1.1: Lead time and quantity on hand Item Lead Time Qty on hand Lot size# Scheduled receipt 20˝ Fan Housing Frame Supports (2) Handle Grills (2) Fan Assembly 1 1 2 1 1 2 3 80 90 - 50 400 200* 150 - - - 100 400 450 - 50 fan assembly in week 2 * In week 3 it was found that 50% of the on hand inventory of the grills was damaged. # Items without any lot size given should be considered as lot-for-lot. (i) Construct a product structure. (ii) Construct a time-phased product structure. (iii) Prepare a net requirement plan.

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