Sales and Operations Planning is a process of balancing resources and forecasted demand. A) True B) False
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Sales and Operations Planning is a process of balancing resources and
A) True
B) False
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- A Pizza Company has a demand forecast for the next 12 months that is shown in Table 1 The current workforce of 100 staff can produce 1500 cases of pizzas per month. (a) Prepare a production plan that keeps the output level. How much warehouse space would the company need for this plan? (b) Prepare a demand chase plan. What implications would this have for staffing levels, assuming that the maximum amount of overtime would result in production levels of only 10 per cent greater than normal working hours? Table 1 demand forecast Month Demand (cases per month) January 600 February 800 March 1000 April 1500 May 2000 June 1700 July…The term in the airline industry may be used to refer to s situation where an empty seat is recorded on a flight. Select one: a. Marginal cost b. Overhead cost c. Marginal loss d. Revenue loss Widner Industries reports annual sales of Ghc160 million, cost of goods sold of Ghc120 million, inventory of Ghc20 million, and net income of Ghc5 million. What is Widner's annual inventory turns? Select one: a. 8 turns per year b. 6 turns per year c. 0.17 turns per year d. 4 turns per yearc. Compute and tabulate the daily demand for each month in the table below (round off to the nearest whole number). MONTH PRODUCTION DAYS DEMAND FORECAST DEMAND PER DAY JAN 2022 16 150 ? FEB 2022 16 150 ? MAR 2022 23 250 ? APR 2022 21 250 ? MAY 2022 22 400 ? JUN 2022 22 500 ? JUL 2022 21 600 ? AUG 2022 20 750 ? SEP 2022 20 450 ? OCT 2022 20 250 ? NOV 2022 16 150 ? DEC 2022 16 150 ? TOTAL ? ? d. Assuming that MPQ Limited had adopted a level strategy for the year ended 31 December 2022, compute the average daily demand for the year (round off to the nearest whole number). e. Prepare a graph showing the monthly forecasts and average daily forecast (in units per day) for MPQ Limited.
- Which of the following is not one of the graphical methodsteps?a) Determine the demand in each period.b) Determine capacity for regular time, overtime, andsubcontracting each period.c) Find labor costs, hiring and layoff costs, and inventoryholding costs.d) Construct the transportation table.e) Consider company policy that may apply to the workers or stock levels.f ) Develop alternative plans and examine their total costs.Que#87: Choose the best answer. Level output/workforce strategy: Monthly planning for all the products in same family (and facility) for the next 12 months or so Meeting variations in demand with overtime, subcontracting & part-time/temporary workers Meeting variations in demand with inventories Process of integrating sales forecasts with operations plans Finding the most optimal planstrategy can be used to adjust the capacity for seasonable demand.
- Sterling's worksheet, Intake vs.Goals Report & Food Log. Sterling is 30 years old college graduate. Currently he works for the federal government as program analysis. During the pandemic Sterling was promoted, work has been extremely busy. Dusty working from home, he has had little time to cook or exercise. During this annual physical, the doctor reported that he had gained 50 pound. Sterling wonderd it eat came from the beer, he drank 1 every evening. Sterling exercises about an hour on Saturday and Sundays. He used exercise daily when he was college athlete. His lab work and blood pressure were not the best either. The doctor counseled him and referred him to the nutrient. Sterling shared that his father saferd heart attack at age 50 and his mother has hypertension, he realizes that this risk for cardiovascular disease. Case: Flamingo Educational Services Flamingo Educational Services, a company located in the Tema metropolis, is a nationwide market leader in the publishing and distribution of textbooks for first and second cycle schools. Somehow, Flamingo does not use forecasts for production planning. Instead, the operations manager decides which books to produce and the batch size, based on orders and the amounts in inventory. The books that have the fewest amounts in inventory get the highest priority. Demand is uneven, and the company has experienced being overstocked on some items and out of others. Being under-stocked has occasionally created tensions with managers of the retail bookstores the company works with. Flamingo is on the verge of losing a lucrative contract with the Ghana Education Service over a complaint that the books produced over the last four months have defective binding as well as slight but noticeable variations in print quality and sizes of the…a. How much should be produced each period? b. What is ending inventory for each period? c. If inventory carrying cost is $3 per case per period based on ending inventory, what is the total cost of carrying inventory? d. What is the total plan cost and why? 4. The opening backlog is 1200 units. Forecast demand is shown below. a. Calculate the weekly production for level production if the backlog is to be reduced to 1000 units, b. Calculate the projected backlog for each week. Week 2 4 3 1200 1200 Forecast 1200 Demand Planned Production Projected Backlog 1200 1100 5 1100 25 20 6 1000 Total 5. A firm plans to make 400 wagons, 200 carts, and 100 sleds. The resource bill shown below displays the amount of critical resources needed to make one average unit of product family: Wood (Board Feet) Labor (Standard Hours) Product Wagon 0.75 0.50 1.00 Cart Sled 30 Calculate the total wood AND labor needed to make the total number of items in the product family.
- A production line is to run at 1000 units per month. Sales are forecast as shown inthe following. Calculate the expected period-end inventory. The opening inventory is600 units. All periods have the same number of working days.How does the Wilson approach handle demand forecasting and inventory planning for new product launches?please answer within 30 minutes. its urgent.