The following table lists the components needed to assemble an end item, the manufacturing or purchase lead times (in weeks) for typical lot sizes, amount on hand, and the direct components of each item and, in brackets, the number of each component for each parent. Item Lead Time Amount on Hand Direct Components End item 1 - L(2), C(1), K(3) L 1 8 B(2), J(3) C 3 14 G(2), B(2) K 3 18 H(4), B(2) B 1 24 J 4 34 G 3 38 H 3 - a. This part of the question is not part of your Connect assignment. b. If 44 units of the end item are to be assembled, how many additional units of B are needed? (You don’t need to develop the MRP tables.) Additional units c. An order for 44 units of the end item is scheduled to be shipped at the start of week 8. What is the latest week that the components of the order can be started and the order still be ready to ship on time? (You don’t need to develop the MRP tables.) The latest week
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.
The following table lists the components needed to assemble an end item, the manufacturing or purchase lead times (in weeks) for typical lot sizes, amount on hand, and the direct components of each item and, in brackets, the number of each component for each parent.
| Item | Lead Time | Amount on Hand |
Direct Components |
| End item | 1 | - | L(2), C(1), K(3) |
| L | 1 | 8 | B(2), J(3) |
| C | 3 | 14 | G(2), B(2) |
| K | 3 | 18 | H(4), B(2) |
| B | 1 | 24 | |
| J | 4 | 34 | |
| G | 3 | 38 | |
| H | 3 | - | |
a. This part of the question is not part of your Connect assignment.
b. If 44 units of the end item are to be assembled, how many additional units of B are needed? (You don’t need to develop the MRP tables.)
Additional units
c. An order for 44 units of the end item is
The latest week
The assembly process helps an organization collect the components in one place that are required to produce a product. The assembly process is one that helps in increasing the efficiency of a production system, customization of products, controlling the quality of goods at every stage, and managing the level of inventory by stocking various components.
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