ProblemIn the following MRP planning schedule for Item J, indicate the correct net requirements, planned order receipts, and planned orderreleases to meet the gross requirements. Lead time is one week. (Leave no cells blank - be certain to enter "0" whereverrequired.)ITEM JGross requirementsOn handNet requirementsPlanned order receiptPlanned order releaseItem JLT=1Q=L4L047PeriodGross requirementsScheduled receiptsProjected available balanceNet requirementsPlanned order receiptsPlanned order releases1WEEK NUMBER237745257527752575

Material Requirement Planning (MRP) is a production planning and inventory control system that helps…

Answered: In the following MRP planning schedule…

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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Assess the importance of inventory control and the various types of inventory related decisions by evaluating EOQ, ABC, MRP, JIT, and ERP models.
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
Year Demand History for the Bow Rake: DEMAND Month Year 1 Year 2 Year 3 Year 4 1 55,220 39,875 32,180 62,377 2 57,350 64,128 38,600 66,501 3 15,445 47,653 25,020 31,404 4 27,776 43,050 51,300 36,504 5 21,408 39,359 31,790 16,888 6 17,118 10,317 32,100 18,909 7 18,028 45,194 59,832 35,500 8 19,883 46,530 30,740 51,250 9 15,796 22,105 47,800 34,443 Prepare a graph that shows the four-year demand history for the bow rake. Discuss any apparent trend and seasonal patterns. 2. Which forecasting method might be best for bow rakes for each month of Year 5? Why?
Scatter Diagrams and High-Low Cost Estimation Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs. Month Sales Orders Order-Processing Costs 3,000 $ 165,400 1,500 100,750 4,400 241,400 2,800 163,800 2,300 139,550 1,200 86,200 2,000 125,000 1 2 3 4 5 6 7 Required (a.) Use information from the high- and low-volume months to develop a cost-estimating equation for monthly order-processing costs. $ 28,000 + $48.5 X (b.) Plot the data on a scatter diagram. Using the information from representative high-and low-volume months, develop a cost estimating equation for monthly order-processing costs. If needed, an Excel worksheet is provided in the following link in order to create the scatter diagram: Scatter_Diagram $ 15,000 X+ $53.14 X X
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
Explain Material Requirements Planning?
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
Product 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 8 100
QtyI Standard Labor Hour Raw Material Standard Labor 2 Hours Raw Material INDEPENDENT DEMAND Period 2 3 4 5 Total 6 Product A 1,000 1,000 1,000 1,000 1,000 1,000 6,000 Product B 500 500 500 1,500 15. The standard labor capacity required to support this plan is A. 9,000 hours B. 13,500 hours C. 18,000 hours D. 21,000 hours 16. Products A and B are produced on two different dedicated production lines. If both lines work on the same shift schedule, the ratio of workers on line A to workers on line B is A. 2:1 В. 2:3 С. 2:5 D. 4:1
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Using the information in(You need to schedule I0 units of product Alpha fordelivery in 6 weeks. Three units of D and 2 units ofF are requiredfor each Alpha. The lead time for Alpha is I week. Lead time forD is I week, and lead time for F is 2 weeks.a) Construct a product structure.b) Prepare a time-phased product structure.c) Prepare a gross requirements plan for Alpha. ), construct a netmaterial requirements plan. There are 2 Alphas on hand and 4 Ds.
1.

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