IET 224 Project Deliverable 3

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Institute of Business Administration, Karachi (Main Campus) *

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224

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Industrial Engineering

Date

Nov 24, 2024

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docx

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5

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Project Deliverable 3 Semester : Fall Year : 2023 Course Title : Integrated Production Systems I Course Code : IET 224 Instructor(s) : Benjamin Rouanet (Includes names of all instructors teaching this course) Submission Date : Before 19/12/23 midnight To be completed by the student Student Names : Student ID : Department : Eng. & Tech Major : IET Section : U1 Integrity Statement : “I affirm that I completed my assignment on my own abiding by the rules in ACM Student Handbook. I did not receive any external help, use any unlawful resources or commit plagiarism.” Signature : Grading Scheme Question Earned Points Max. Points Question Earned Points Max. Points 1 25 6 2 25 7 3 25 8 4 25 9 5 10 Total Earned Points Total Available Points Instructor Name 100 Benjamin Rouanet Important Notes: - Any attempt at plagiarism will be reported. All ACM handbook academic misconduct rules will be applied . - It is the responsibility of the student to submit this online exam paper to the instructed online platform (Moodle, Turnitin)
Project Deliverable 3 Creating the MRP 25% Students didn’t create the MRP matrix Students created a matrix without the information inside Students created a matrix but with wrong information inside Students correctly created a matrix Filling up the MRP 25% Students didn’t specify the demand or the planned orders Students only specify the demand or the planned orders Students completed but with minor mistakes Students properly completed the demand and the planned orders Product structure diagram 25% Students didn’t create the product structure diagram and didn’t calculate the products needed Students created the product structure diagram but didn’t calculate the products needed Students created the product diagram and calculated the products needed but with mistakes Students created the product diagram and calculated the products needed perfectly Understanding of Inventory Management 25% Students didn’t develop their reasoning Students explanations are too short or too weak Students explanations are acceptable Students explanations are thorough 1. Introduction In this project, students will create a MRP matrix based on the box they created in PD2. Objectives Learn about resources planning. 2. Equipment/Components/Software: Software MS-Word
Exercise 1: Based on your PD2, create an MRP matrix. Use the demand that you define previously. Take in consideration the following information: - Your MRP must be created for a whole year (12 Months). - The demand will be divided equally into the 12 months. - Your Lead Time is 2 Months. - Your projected-on Hand is equal to your first two months of demand. - A receipt is schedule for Month 6. Receipt is equal to your demand of Month 6. - Your MRP matrix must show clearly the different planned orders.
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Exercise 2: Draw a product structure diagram from the following bill of materials and calculate how many Ds are needed for each A.
Exercise 3: Considering what you know in inventory management, explain below if it is financially better to order a big amount of product in a small number of orders, or if it is better to order a small amount of product in a big number of orders. Develop your reasoning in details and give examples if necessary.