The MRP gross requirements for Item X are shown here for the next 10 weeks. Lead time for A is two weeks, and setup cost is$10. There is a carrying cost of $0.02 per unit per week. Beginning inventory is 72 units.WEEK12345678910Gross requirements2112154510301002040150Use the least total cost lot-sizing method to determine when and for what quantity the first order should be released.Least total cost method indicates thatperiodsunits should be ordered to cover the needs for

Inventory management is the aspect of production management of an organization including storing,…

Answered: The MRP gross requirements for Item X…

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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A Figure 16.19 B (1) C(2) LT = 1 LT = 2 TABLE 16.1 D (1) INVENTORY RECORD DATA ITEM LT = 3 DATA CATEGORY Lat sizing rule Lead time Scheduled rece pts FOQ = S00 units 3 weeks POQ (P=3) L4L 1 week 2 weeks Nane 200 (week 1) None Beginning (on hand) inventory 20 425 POQ tum: 8 Lat sie: POQP - 3) Description. Lead time: 1wek Week 10 Gross 100 200 120 180 60 requirements Scheduled Projected on hand inventory Hanned receipti Hanned order reteases L4L tam: C Lat sue: LAL Description Lead time 2 weks Week 10 Gross 200 400 240 120 requirements Scheduled cepts Projected on hand imventory Hanned recets Manned ordur releases
Flora's Fabulous Fontains top product is its Model A. Flora is preparing for her busy season and is building 1,800 Model A fountains. Calculate the gross requirements for each component assuming that there is no beginning inventory. Use the following information: Component Immediate Parent Usage per Parent A none - B A 2 C A 1 D A 3 E A 2 F B 4 G B 2 H D 4 I D 2 J E 1 K E 6 L E 2 M F 3 N F 5 O H 2 P K 1 Q K 2 Put the answers down into the table: (If answer is zero, please enter 0, do not leave any fields blank) Component Gross Requirement A enter the gross requirement B enter the gross requirement C enter the gross requirement D enter the gross requirement E enter the gross requirement F enter the gross requirement G enter the gross requirement H enter the gross requirement I enter the gross requirement J enter the gross requirement…
Problem 3. Lexberheights Company has the following information: 10.000 units per year 2,000 units Sales Order Quantity Safety stock Lead time 1,300 units 4 weeks The company uses a 50-week year in all calculations. Requirements: 8. Reorder point
JA manufacturing company produces finished products as well as re- placement parts. One particular product has the following bill of materials: 2. (4) D (30) (25) (20) The manufacturer independent demand requirements for both the parent item as well as the subassemblies for the next 8 weeks: Independent Period Demand 2 4 6. Assembly A Assembly B 25 25 25 15 15 15 70 100 70 100 25 25 25 25 25 Assembly C 15 15 15 15 15 Assemblies D and E are purchased from a supplier so they are not manufac- tured by the company, and therefore have no independent demand. CR
Complete the MPS record below for a single item. (Enter your responses as integers. A response of "0" is equivalent to being not applicable.) Order Policy: 100 units Lead Time: 1 week February Item: A Quantity on Hand: 80 Forecast Customer orders (booked) Projected on-hand inventory MPS quantity 1 60 35 20 0 January 2 70 15 3 18 8 60 90 BID 4 40 0 LE Week 5 45 30 6 45 70 7 55 0 8 50 0
2.7 Which of the following help explain how the Reorder Point (ROP) works in conjunction with the Economic Order Quantity (Q), the number of orders (N) and the time between orders (T)? a) The Economic Order Quantity (Q) and the Annual Demand (D) are used to determine the number of Order (N) b) The number of orders (N) and the number of days that a firm works (W) are used to determine the time span between orders (T) c) Orders are placed every T days unless the inventory on hand fall to or below the Reorder Point d) Only a and b e) f) Only b and c All of a, b and c 2.8 The objective of Inventory Management is to balance inventory investment (cost) and customer service. a) TRUE b) False 2.9 The Economic Order Quantity (EOQ), the number of orders, the Reorder Point (ROP), the time between orders are important analytics in Inventory Management. a) TRUE b) FALSE 2.10 The number of working days for a firm is an important input in calculating the components of the Economic Order Quantity…
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
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
1. Decorative door (DD) consists of a wooden door (WD) and a handle (H). The wooden door consists of an isolation filling (IS) and three wooden plates (WP). Currently 30 handles and 100 wooden doors are on inventory. Final assembly takes 1 week. The handle has a lead time of 3 weeks. All other parts of decorative door have 1-week lead times. There are no scheduled receipts. All components use the lot-for-lot technique. The master schedule requires 80 units of decorative door in week 5 and 120 in week 8. Produce the MRP for the upcoming 8 weeks. a) Draw the bill of materials b) Produce the MRP for the upcoming eight weeks c) Produce a list of all planned order releases
Flora is preparing for her busy season and is building 2500 Model A fountains. Calculate the gross requirements for each component assuming that there is no beginning inventory. Component Immediate Parent Usage per Parent Lead Time (weeks) Beginning Inventory A none — 1 0 B A 2 2 250 C A 1 6 500 D A 3 3 750 E A 2 2 750 F B 4 2 3000 G B 2 4 1000 H D 3 2 5000 I D 2 4 5000 J E 1 8 1000 K E 5 1 5000 L E 2 4 2500 M F 3 3 250 N F 6 3 2560 O H 2 4 0 P K 1 2 500 Q K 2 3 1000
Describe the link between inventory levels and production schedule?
Explain how is ordering in small lot sizes essential for just in time implementation and what benefi are epected to be achieved ?

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