You are required to implement the production level method for the following scenario. Four products, each a different colour, are manufactured over one week in a production facility. . You need to manufacture 1500 blue, 750 red, 750 green and 1000 yellow products per week. The plant works 2 shifts per day, 5 days a week. How many of each product should be produced each day? 600 blue, 300 red, 300 green, 400 yellow 300 blue, 150 red, 150 green, 200 yellow 800 per day 150 blue, 75 red, 75 green, 100 yellow
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.
You are required to implement the production level method for the following scenario. Four products, each a different colour, are manufactured over one week in a production facility. . You need to manufacture 1500 blue, 750 red, 750 green and 1000 yellow products per week. The plant works 2 shifts per day, 5 days a week. How many of each product should be produced each day? 600 blue, 300 red, 300 green, 400 yellow 300 blue, 150 red, 150 green, 200 yellow 800 per day 150 blue, 75 red, 75 green, 100 yellow
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