ABC Inc produces a product known as product A that is made up of a number of different components. Item D is made of two units of item B and two units of item C. Item B is made of one unit of item E and two units of item F. Item C is made up of one unit of item F, while item E is made up of three units of item F. The final product A is made of three units of item B, two units of item D, and two units of item E. The on-hand stock for items B, C, D, and E are 30, 40, 10, and 25, respectively. ABC Inc has a scheduled receipt from its supplier for item F of 50 units in Week 5. The production lead time for items A, E, and F is one week; for items C and D the lead time is two weeks, and for item B the lead time is three weeks. Lot-for-lot production quantity is applied for items C, while the lot sizes for producing items A, B, D, E, and F are the multiple of 25, 25, 50, 50, and 125 units respectively. The customer places an order of 20 units of product A to be delivered in Week 15. Create the complete MRP schedule for the above order to determine the planned order releases for all items without any on-hand inventory and scheduled receipt for all items. Will ABC inc be able to fulfill the customer’s order?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
ABC Inc produces a product known as product A that is made up of a number of different components. Item D is made of two units of item B and two units of item C. Item B is made of one unit of item E and two units of item F. Item C is made up of one unit of item F, while item E is made up of three units of item F. The final product A is made of three units of item B, two units of item D, and two units of item E. The on-hand stock for items B, C, D, and E are 30, 40, 10, and 25, respectively. ABC Inc has a scheduled receipt from its supplier for item F of 50 units in Week 5. The production lead time for items A, E, and F is one week; for items C and D the lead time is two weeks, and for item B the lead time is three weeks. Lot-for-lot production quantity is applied for items C, while the lot sizes for producing items A, B, D, E, and F are the multiple of 25, 25, 50, 50, and 125 units respectively. The customer places an order of 20 units of product A to be delivered in Week 15.
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