OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
7th Edition
ISBN: 9780077835439
Author: Roger G Schroeder, M. Johnny Rungtusanatham, Susan Meyer Goldstein
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 15, Problem 5DQ
How much safety stock should be carried in a MRP system? what is the role of safety stock in MRPsystens? where should safety stock be carried?
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Chapter 15 Solutions
OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
Ch. 15.7 - Prob. 1OLCh. 15 - Prob. 1DQCh. 15 - Prob. 2DQCh. 15 - With regard to inventory management, discuss the...Ch. 15 - Prob. 4DQCh. 15 - How much safety stock should be carried in a MRP...Ch. 15 - Prob. 6DQCh. 15 - Prob. 7DQCh. 15 - Prob. 8DQCh. 15 - Prob. 9DQ
Ch. 15 - Describe how MRP? concepts could be used for the...Ch. 15 - How are MRP and ERP related?Ch. 15 - The following information is given for a...Ch. 15 - eXcel The Old Hickory Furniture Company...Ch. 15 - Product A consists of subassemblies B and C....Ch. 15 - eXcel The BOM for product A given below Part on...Ch. 15 - The master scheduler in the ABC Widget Company is...Ch. 15 - A firm makes a basic scissors consisting of three...Ch. 15 - Prob. 7PCh. 15 - Prob. 8PCh. 15 - A small toy robot is assembled from sis parts: a...
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- 5. Show the EOQ Diagram and explain how it operates.arrow_forward2-Using the worksheet, what is the cost for a EOQ MRP strategy? Note: round your EOQ calculation to the nearest whole number (no fractions of units) Answer format is XXXX without the $ symbol or a comma separator. Setup Cost = $350/order; Inventory Holding Cost = $2.50 per part per week; Leadtime = 1 week 2. EOQ - Week 1 2 3 4 5 6 7 8 9 10 11 12 13 Gross Requirements 65 50 90 85 90 60 50 50 80 85 80 65 50 Scheduled Receipts Projected OH = 50 Net Requirements Planned Order Receipts Planned Order Releases8arrow_forwardDiscuss why order-point systems aren’t compatible with MRParrow_forward
- 3. Determine EPP and production run sizes using Part-Period Method with detailed explanation considering setup cost = $100 per run; unit holding cost = $1.25 per period. Use the part-period method to determine production run sizes for the following demands (i.e., net requirement) for a manufactured part. 1 2 60 40 100 Demand Cumulative 60 demand 3 20 120 4 20 40 Periods 5 30 70 6 70 7 70 140 8 50arrow_forwardExplain how is ordering in small lot sizes essential for just in time implementation and what benefi are epected to be achieved ?arrow_forwardProduct A Order Qty = 400 Order Lead Time = 2 Forecast Demand Scheduled Receipts Projected Available Inventory 400 Planned Order Receipts Planned Order Releases 1 300 OD 4, 6, 2 300 400 Sketch and fill in the grid on scrap paper to use on upcoming questions In what periods would you incur a planned order release? OA 1.3, and 4 2.4, and 5 OC 3,5, and 6 and 7 3 300 PERIODS 4 300 5 300 6 300 7 100 8 100arrow_forward
- Explain MRP and JIT?arrow_forwardRefer to Figure 11.23 and Solved Problem 1. If inventory consists of two units of B, one unit of F. and three units of G, how many units of G. E. and D must be purchased to produce five units of product A? Figure 11.23 for Product A D(1) LT-3 B(3) LT-2 EG LT-6 FIT) CO) LT-1 GALA LT=3 D(1) LT-3 LT-Lead timearrow_forward3. Prepare an MRP. Mowmaster is Lawn King's most popular model. Like all push mowers, it is made of a motor assembly (purchased from a vendor), handle assembly, and body assembly. The handle assembly is made of a handle and shifter. The body assembly consists of a blade, frame, and 4 wheels. a. Complete the product structure tree for the Mowmaster. b. Complete a net MRP for wheels if 2000 Mowmasters need to be shipped in week 8. Reminder to use Q from part 2 as the lot size for the mower. Item Mowmaster Motor assembly Handle assembly Body assembly Handle Shifter Blade Frame Wheels Lead Time Inventory 100 10 1 2 1 2 1 2 1 1 2 10 300 0 0 0 0 1550 Lot size Q= Lot for lot Lot for lot Lot for lot Lot for lot Lot for lot Lot for lot Lot for lot 200arrow_forward
- Discuss what are JUST IN TIME (JIT) inventory pros and cons for a business?arrow_forward1-Shielding gas for a welding operation would most likely be considered what type of material? Group of answer choices Direct Material Indirect material No answer text provided. 2-Material already in inventory may only have one costs according to generally acceptec accounting principles. Group of answer choices true false 3-Number of parts needed; 9 Volume of rough casting including sprues, gates, etc. per part is 5000 in^3 or 1450 lbs. Volume of finished part 3500 in^3 or 1015 lbs. You must buy material in 2000 lb increments. The material is $1.15 per b The material is 0.29 lb/in^3 (3.4483 in^3/lb) What is the material shape efficiency? Group of answer choices 35% 44% 65% 73% X Ilarrow_forwardInflated Inventory – Case Study As an assistant manager in a restaurant company with an eye on his future, Bob wants to do as much as possible to ensure his career progression. He works long hours, spends a lot of time focusing on customer service and loyalty, and has learned how to train employees more effectively. Recently, however, Bob has become disturbed by some actions of his superiors which, to him, do not seem to be ethical. For instance, at the end of last month, Bob was asked by the GM to inflate the inventory in order to show a better bottom-line performance for the last month. The GM explained that, while this is technically unethical, the last month was unusual in the sense that the restaurant had an accident in which the cooler malfunctioned overnight and many food products spoiled. To further explain this, the GM noted that, from his perspective, inventories are meant to capture long-range use of resources, not once-only events. Discussion Questions: 1. Should Bob…arrow_forward
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Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY