The average monthly demand requirement =| units. (Enter your response as a whole number.) %3D
Q: There is high utilization of inventory in chase approach O a. True O b. False
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A: Just-in-time is a lean production practice where the goods and materials needed for a production…
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A: a.Given, Annual demand=15,600 units. Weekly demand=300 units. Standard Deviation=90 units. Lead…
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Q: Given the following information about a product atMichael Gibson’s firm, what is the appropriate…
A: Data available Annual Demand (D) =39,000 units Daily Demand (Q) = 150 units Daily production (p)…
Q: One of the ways that Just-In- Time (or JIT) influences quality is that by reducing inventory, bad…
A: A Just-in-time (JIT) inventory system is matching the requirements of the suppliers with the raw…
Q: Which one of the following is not an Operational Listings or Report from the Revenue cycle? Open…
A: Operational listing includes all those elements which brings sales to the company not the element…
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A: The expenses spent to set up a machine for a production run are referred to as Setup costs. This…
Q: Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the…
A: Let Desired Lot size be Q Let Holding Cost be H Let Annual Demand be D Let Daily Demand be d Let…
Q: What are the advantages of mixed-model sequencing?
A: The mixed-model formula is best suited to situations where there is a lot of variation in the…
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A: Given data Number of working days = 218 workdays per year Monthly demand = 4300 units hence,…
Q: A new product that will sell for $75.00 has variable costs of $38.00 per unit. Fixed costs of…
A: ANSWER IS AS BELOW:
Q: Chicago's Hard Rock Hotel distributes a mean of 1,100 bath towels per day to guests at the pool and…
A: Given data; d Average Demand 1100 bath towels per day SD Standard deviation 100 bath…
Q: Scouts Corp. projects its sales to be 1,000 units this year. As a result of holding inventories,…
A:
Q: operations and constantly keeping their service level at 94%. Find the size of Kanban and reorder…
A: THE ANSWER IS AS BELOW:
Q: Describe the process of Reducing setup time?
A: Setup Time is defined as the time to change from the last item of the previous order to the first…
Q: Gentle Ben’s Bar and Restaurant uses 5,000 quart bottles of an imported wine each year. The…
A: EOQ or Economic Order Quantity is the mathematical approach applied for managing the inventory…
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A: Throughput time is a measure of the time required for material, part or sub-assembly to pass through…
Q: Justify why a reduction in setup time will result in a reduction in the average amount of inventory…
A: The primary goal of today's JIT development is to have small lots of material on a regular basis.…
Q: Carol Cagle has a repetitive manufacturing plantproducing trailer hitches in Arlington, Texas. The…
A: Given that, Average inventory turnover = 12 times per year Setup Labor Cost (L) = $20/hr Annual…
Q: Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the…
A: given, set up cost based on desired lot size =$ 9.41
Q: Carol Cagle has a repetitive manufacturing plant pro-ducing trailer hitches in Arlington, Texas. The…
A: Given Annual demand (D)= 31,200 unitsDaily demand (d) = 120 unitsDaily production (in 8 hours) (p)=…
Q: Explain ‘Inventory Turnover’ KPI. Is high or low value desired for Inventory Turnover? Why
A: Inventory is the term used to refer to the products available for sale and the raw materials used to…
Q: Bateman Company produces helmets for drivers of motorcycles. Helmets are produced in batches…
A: Economic Order Quantity is a method utilized to determine inventory stocking levels. Its principal…
Q: What is the ROP?
A: A reorder point, commonly referred to as ROP is a specific stock level at which the stock is…
Q: What should the lot size be? O It will vary by order. O Less than 3500 O Greater than 3500 but less…
A: Economic order quantity is the optimal level of resource quality that the company should buy to…
Q: Cesar Rego Computers, a Mississippi chain of computer hardware and software retail outlets, supplies…
A: This question is related to the topic of Inventory management and this topic falls under the…
Q: Explain how the Pareto principle relates to the prioritization of system requirements.
A: The Pareto principle is a well-known concept in business and economics that states that 80% of the…
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A: Production is the process in which inputs are combined to have the required output. It includes a…
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A: Unused rate can be calculated by subtracting used rate of Department B from the production rate of…
Q: snip
A: SKU stands for stock keeping unit. It is a barcode which can be scanned, used to keep record of…
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A: Instead of employing/using a reorder quantity calculation, multiple firms place orders for items…
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A: Economic Order Quantity: Economic order quantity (EOQ) is the ideal order quantity a company…
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A: Given: Daily demand = 300 units Holding cost = $20/unit/year Order cost = $10/order Lead time = 2…
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A:
Q: Pencil number 2 at the campus book-store are sold at a fairly steady rate of $60 per week. It cost…
A: Given information, Steady rate = $60 per week Cost of bookstores =$12 Holding cost = $0.05
Q: Based on philosophy, problems may occur because of wastes in overproduction, waiting,…
A: The Lean philosophical focuses on removal of wastes from a process and it emphasize on the fact that…
Q: There is high utilization of inventory in chase approach O a. False O b. True
A: A chase strategy entails matching demand and capacity time by time. This could outcome in a…
Q: Deja Brew, Inc., produces and sells 1,000 pallets of tea. Selling price per pallet: $700 Variable…
A: Fixed cost is the cost that does not increase or decrease with a change in the production process of…
Q: Merlita works for a local ceramics company. She just completed her accountancy degree and learned…
A: Given data The company sell or Annual demand (D) = 20000 units in a year C Carrying cost (H) = P20…
Q: The john equipment company estimates its carrying cost at 15% and its ordering cost at $90 per…
A: EOQ = 2×A×SC×i where A= Annual demand S= Ordering Cost C = Cost per unit i = percentage carrying…
Q: Products in an electronic store consist of the following 20 TVs delivered on January 10th at a cost…
A: FIFO stands for First-in-first-out. It means that whatever inventory is bought first will be sold…
Q: Biona Enterprise usually gets everyday order of a hundred dozen units while the production can make…
A: Given- Daily demand (d) = 100×12 (dozen) = 1,200 unitsOrdering Cost (S) = $200Holding cost (H) =…
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- The planner at a company that makes garden tractors is about to prepare an aggregate production plan that will cover the next 6 months. She has collected the following information: Month Demand Forecast Above the available capacity through permanent workforce 1 1,000 2 1,000 3 2,000 4 3,000 5 4,000 6 1,000 Total: 12,000 Production per month = 20 units per worker Initial inventory = 500 units Desired ending inventory (at the end of month 6) = 0 units Cost: Hire cost = $500 per temporary worker Inventory = $10 per tractor per month Backorder = $150 per tractor per month The optimum aggregate plan is: Month 1 2 3 4 5 6 Total Forecast Demand above regular capacity 1,000 1,000 2,000 3,000 4,000 1,000 12,000 # of temporary workers required 50 50 100 150 200 50 Temp. Workers hired 25 25 50 75 0 0 Temp. workers laid off 0…Planners for a company that makes several models of skateboards are about to prepare the aggregate plan that will cover six periods. They have assembled the following information. Period 1 2 3 4 5 6 Total Forecast 200 200 300 400 500 200 1,800 Costs Output Regular time=$2 per skateboard Overtime =$3 per skateboard Subcontract =$6 per skateboard Inventory =$1 per skateboard per period on average inventory Back orders =$5 per skateboard per period They now want to evaluate a plan that calls for a steady rate of regular-time output, mainly using inventory to absorb the uneven demand but allowing some backlog. Prepare an aggregate plan and determine its cost using the preceding information.Jose Martinez of El Paso had developed a polished stainless-steel tortilla machine that makes it a “showpiece” for display in Mexican restaurants. He needs to develop a 5-month aggregate plan. His forecast of capacity and demand follows: Month 1 2 3 4 5 Demand 150 160 130 200 210 Regular capacity 150 150 150 150 150 Overtime capacity 20 20 10 10 10 Subcontracting: 100 units available over the 5-month period (NOT 100 units each month) Beginning inventory: 0 units Ending inventory required at the last month (i.e. month 5): 20 units. Costs Regular-time cost per unit $100 Overtime cost per unit $125 Subcontracting cost per unit $135 Inventory holding cost per unit per month $3 Assume that backorders are not permitted. a) Find an aggregate production plan using the intuitive lowest cost approach. (i.e. Develop an aggregate plan using the transportation method). b) State the corresponding…
- Aggregate Planning and Master Scheduling Planners of the company are about to prepare the aggregate plan that will cover 6 months. Assuming that the company identified the following forecast for the next 6 months: Period Jan Feb March April May June Forecast 270000 275000 245000 255000 335000 270000 They now want to evaluate a plan that calls for a steady rate of regular output (250000 boxes/month). Mainly using inventory, regular time and overtime, and backorders. They intend to start with zero inventory on hand in the first period. The maximum amount of overtime output per period is 30,000 box per month. The regular production cost per box is 30 LE while the overtime cost per box is 35 LE. The holding cost is 5 LE per box per month and the backorder cost is 10 LE per box per month. Then, prepare a master schedule to identify the available to promise amounts, knowing that the policy calls for a fixed order quantity of 350000 units, and currently there are 276000 units in inventory. 5…Given the projected demands for the next six months, prepare aggregate plan must wind up with no units in ending inventory in Period 6. Regular time capacity is 150 units per month. Overtime cost is $20 per unit, backorder cost is $30 per unit, inventory holding cost is $10 per unit based on maximum, subcontracting cost is $40 per unit, regular time cost of $20 per unit, and beginning inventory is 10. Month 1 2 3 45 6 Forecast 150 170 140 160 130 160 a. Prepare an aggregate plan with inventory and backlog allowed. Overtime and subcontracting are not allowed. b. Prepare an aggregate plan if the management decided to switch to chase strategy. They only allow backlog if absolutely needed. Regular production capacity is now 160.Wormwood, Ltd., produces a variety of furniture products. The planning committee wants to prepare an aggregate plan for the next six months using the following information.Month1 2 3 4 5 6Demand 160 150 160 180 170 140CapacityRegular 150 150 150 150 160 160Overtime 10 10 0 10 10 10Cost Per UnitRegular time $50Overtime 75Subcontract 80Inventory holding, per month 4Subcontracting can handle a maximum of 10 units per month. Beginning inventory is zero.Develop a plan that minimizes total cost. No back orders are allowed. Regular capacity = Regularproduction.
- LMNO Gaskets has formulated a production plan for a product to meet demand over the upcoming four quarters. Demand in each of the four quarters and production, overtime, and subcontracting capacities are reported in the table below, in addition to the feasible production plan. The relevant costs are: • Regular time production cost is $10/unit. Overtime production cost is $14/unit. Subcontracting cost is $18/unit Inventory is held at a cost of $1/unit/quarter. • Units may be backordered at a cost of $4/unit/quarter. Production Resource Regular Time Q1 Overtime Q1 Subcontract Q1 Regular Time Q2 Overtime Q2 Subcontract Q2 Regular Time Q3 Overtime Q3 Subcontract Q3 Demand in Quarter Demand in Quarter Q2 0 20 0 550 Q1 550 230 0 0 0 0 40 40 0 860 250 470 0 40 0 1330 What is the inventory cost for the year? What is the backorder cost for the year? What is the total cost for the year? Q3 0 0 0 0 0 30 510 160 0 700 What is the total overtime production cost for the year? Capacity 550 250 500…manager has prepared a forecast of expected aggregate demand for the next six months. Develop an aggregate plan to meet this demand given this additional information: A level production rate of 1000 units per month can be used. Backorders are allowed, and they are charged at the rate of $8 per unit per month. Inventory holding costs are $1 per unit per month based on maximum inventory. Determine the cost of this plan if regular time cost is $20 per unit, beginning inventory is zero, and initial backlog from previous plan is 100. Month Forecast 1 800 2 100 3 1200 4 1100 5 1000 6 900 a. Prepare an aggregate plan.b. Prepare an aggregate plan if the management decided to switch to chase…3) AGGREGATE PLANNING Mark Tuan, Operations Manager at GOT7 Furniture, has received the following estimates of demand requirements: January 1,100 February 1,200 March 1,400 April 1,800 May 1,800 June 1,600 Assuming stockout costs for lost sales of RM100 per unit, inventory carrying costs of RM25 per unit per month, and a zero beginning and ending inventory. Analyze the extra cost if the company vary the workforce, which performs at a current production level of 1,300 units per month. The cost of hiring additional workers is RM3,000 per 100 units produced. The cost of layoffs is RM6,000 per 100 units cut back.
- Capacity planning requires a demand forecast for an extended period of time into thefuture. What concerns would you have regarding an extended forecast as a capacityplanner?5. Formulate a level sales and operations plan for a company with the following predicted demand: Month Demand 6,300 2 9,000 3 6,000 4 9,000 5 15,000 6 6,000 Total 51,300 The beginning workforce is 125 employees. The monthly output per employee is 150 units. The costs to hire and lay off a worker are $2,500 and $4,000, respectively. The cost to carry an item in inventory for one month is estimated at $10, and the stockout cost is $25 per unit. Show the production schedule, the inventory levels, and the changes in workforce from period to period. Compute the plan's cost.The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: January February March 1,600 1,700 1,800 April 1,700 Month 0 December 1 January 2 February 3 March Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $70 per unit. Inventory holding cost is $25 per unit per month. Ignore any idle-time costs. Evaluate the following plans D and E. 4 April 6 May 6 June Plan D: Keep the current workforce stable at producing 1,600 units per month. In addition to the regular production, another 20% of the normal production units can be produced in overtime at an additional cost of $55 per unit. A warehouse now constrains the maximum allowable inventory on hand to 600 units or less. Note: Do not produce in overtime if production or inventory are adequate to cover demand. 7 July 8 August Demand 1,500 1,700 1,800 1,700 2,100 2,100 1,800 1,500…