To construct: A product structure. Introduction: Product structure: The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

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Answer 1

Question

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

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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

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.

Describe the advantages of cycle counting over an annualphysical inventory.

Answer 2

Question

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

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Answer 3

Question

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

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Answer 4

Question

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

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Answer 5

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

Answer 6

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

Answer 7

Chapter 14, Problem 13P

a)

Summary Introduction

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

Answer 8

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

Answer 9

b)

Summary Introduction

To construct: A time-phased product structure.

Introduction:

Time-phased product structure:

The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.

Answer 10

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

Answer 11

c)

Summary Introduction

To develop: A net requirements plan.

Introduction:

Net requirements plan:

The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.

Answer 12

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Answer 13

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Answer 14

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Answer 15

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To construct: A product structure. Introduction: Product structure: The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

Solution Summary: The author explains how a time-phased product structure depicts the components needed for the product assembly and the sequence at which they must be developed.

Concept explainers

To construct: A product structure.

Introduction:

Product structure:

The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.

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Chapter 14 Solutions