Person M got the small bike factory running. It assembles two models including arrows and darts. Person M believes that he can increase the productivity and reduce the cost if he solves the current problems associated with inventory and scheduling . In the initial stages, he ordered enough parts for four months of production, which reduced the workspace. It became a solid mess. Person M needs to assemble 15 arrows and 10 darts each week to have them ready at the start of week 4 through 8. Scheduled receipts are 20 arrows and 18 Ws in period 1 and 20 darts and 15Fs in period 2. The given tree diagram is as follows: Additional information is given is as follows: Item Lead-time (weeks) On hand Lot size Arrow 2 5 Lot-for-lot Dart 2 2 Lot-for-lot X 1 5 Multiplies of 25 W 2* 2 Multiplies of 12 F 1 10 Multiplies of 30 K 1 3 Lot-for-lot Q 1 15 Multiplies of 30 M 1 0 Lot-for-lot * refers to the fact that lead-time is 3 weeks if the order is 36 units or more for Item W. To develop: A material requirement plan for the product.

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Answer 1

Question

Chapter 12, Problem 2.1CQ

Summary Introduction

Case summary:

Person M got the small bike factory running. It assembles two models including arrows and darts. Person M believes that he can increase the productivity and reduce the cost if he solves the current problems associated with inventory and scheduling.

In the initial stages, he ordered enough parts for four months of production, which reduced the workspace. It became a solid mess. Person M needs to assemble 15 arrows and 10 darts each week to have them ready at the start of week 4 through 8. Scheduled receipts are 20 arrows and 18 Ws in period 1 and 20 darts and 15Fs in period 2.

The given tree diagram is as follows:

Additional information is given is as follows:

Item Lead-time (weeks) On hand Lot size

Arrow 2 5 Lot-for-lot

Dart 2 2 Lot-for-lot

X 1 5 Multiplies of 25

W 2* 2 Multiplies of 12

F 1 10 Multiplies of 30

K 1 3 Lot-for-lot

Q 1 15 Multiplies of 30

M 1 0 Lot-for-lot

* refers to the fact that lead-time is 3 weeks if the order is 36 units or more for Item W.

To develop: A material requirement plan for the product.

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Scenario You have been given a task to create a demand forecast for the second year of sales of a premium outdoor grill. Accurate forecasts are important for many reasons, including for the company to ensure they have the materials they need to create the products required in a certain period of time. Your objective is to minimize the forecast error, which will be measured using the Mean Absolute Percentage Error (MAPE) with a goal of being below 25%. You have historical monthly sales data for the past year and access to software that provides forecasts based on five different forecasting techniques (Naïve, 3-Month Moving Average, Exponential Smoothing for .2, Exponential Smooth for .5, and Seasonal) to help determine the best forecast for that particular month. Based on the given data, you will identify trends and patterns to create a more accurate forecast. Approach Consider the previous month's forecast to identify which technique is most effective. Use that to forecast the next…

Approach Consider the previous month's forecast to identify which technique is most effective. Use that to forecast the next month. Remember to select the forecasting technique that produces the forecast error nearest to zero. For example: a. Naïve Forecast is 230 and the Forecast Error is -15. b. 3-Month Moving Forecast is 290 and the Forecast Error is -75. c. Exponential Smoothing Forecast for .2 is 308 and the Forecast Error is -93. d. Exponential Smoothing Forecast for .5 is 279 and the Forecast Error is -64. e. Seasonal Forecast is 297 and the Forecast Error is -82. The forecast for the next month would be 230 as the Naïve Forecast had the Forecast Error closest to zero with a -15. This forecasting technique was the best performing technique for that month. You do not need to do any external analysis-the forecast error for each strategy is already calculated for you in the tables below. Naïve Month Period Actual Demand Naïve Forecast Error 3- Month Moving Forecast 3- Month Moving…

Answer 2

Question

Chapter 12, Problem 2.1CQ

Summary Introduction

Case summary:

Person M got the small bike factory running. It assembles two models including arrows and darts. Person M believes that he can increase the productivity and reduce the cost if he solves the current problems associated with inventory and scheduling.

In the initial stages, he ordered enough parts for four months of production, which reduced the workspace. It became a solid mess. Person M needs to assemble 15 arrows and 10 darts each week to have them ready at the start of week 4 through 8. Scheduled receipts are 20 arrows and 18 Ws in period 1 and 20 darts and 15Fs in period 2.

The given tree diagram is as follows:

Additional information is given is as follows:

Item Lead-time (weeks) On hand Lot size

Arrow 2 5 Lot-for-lot

Dart 2 2 Lot-for-lot

X 1 5 Multiplies of 25

W 2* 2 Multiplies of 12

F 1 10 Multiplies of 30

K 1 3 Lot-for-lot

Q 1 15 Multiplies of 30

M 1 0 Lot-for-lot

* refers to the fact that lead-time is 3 weeks if the order is 36 units or more for Item W.

To develop: A material requirement plan for the product.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 12, Problem 2.1CQ

Summary Introduction

Case summary:

Person M got the small bike factory running. It assembles two models including arrows and darts. Person M believes that he can increase the productivity and reduce the cost if he solves the current problems associated with inventory and scheduling.

In the initial stages, he ordered enough parts for four months of production, which reduced the workspace. It became a solid mess. Person M needs to assemble 15 arrows and 10 darts each week to have them ready at the start of week 4 through 8. Scheduled receipts are 20 arrows and 18 Ws in period 1 and 20 darts and 15Fs in period 2.

The given tree diagram is as follows:

Additional information is given is as follows:

Item Lead-time (weeks) On hand Lot size

Arrow 2 5 Lot-for-lot

Dart 2 2 Lot-for-lot

X 1 5 Multiplies of 25

W 2* 2 Multiplies of 12

F 1 10 Multiplies of 30

K 1 3 Lot-for-lot

Q 1 15 Multiplies of 30

M 1 0 Lot-for-lot

* refers to the fact that lead-time is 3 weeks if the order is 36 units or more for Item W.

To develop: A material requirement plan for the product.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12, Problem 2.1CQ

Summary Introduction

Case summary:

Person M got the small bike factory running. It assembles two models including arrows and darts. Person M believes that he can increase the productivity and reduce the cost if he solves the current problems associated with inventory and scheduling.

In the initial stages, he ordered enough parts for four months of production, which reduced the workspace. It became a solid mess. Person M needs to assemble 15 arrows and 10 darts each week to have them ready at the start of week 4 through 8. Scheduled receipts are 20 arrows and 18 Ws in period 1 and 20 darts and 15Fs in period 2.

The given tree diagram is as follows:

Additional information is given is as follows:

Item Lead-time (weeks) On hand Lot size

Arrow 2 5 Lot-for-lot

Dart 2 2 Lot-for-lot

X 1 5 Multiplies of 25

W 2* 2 Multiplies of 12

F 1 10 Multiplies of 30

K 1 3 Lot-for-lot

Q 1 15 Multiplies of 30

M 1 0 Lot-for-lot

* refers to the fact that lead-time is 3 weeks if the order is 36 units or more for Item W.

To develop: A material requirement plan for the product.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 12, Problem 2.1CQ

Summary Introduction

Case summary:

Person M got the small bike factory running. It assembles two models including arrows and darts. Person M believes that he can increase the productivity and reduce the cost if he solves the current problems associated with inventory and scheduling.

In the initial stages, he ordered enough parts for four months of production, which reduced the workspace. It became a solid mess. Person M needs to assemble 15 arrows and 10 darts each week to have them ready at the start of week 4 through 8. Scheduled receipts are 20 arrows and 18 Ws in period 1 and 20 darts and 15Fs in period 2.

The given tree diagram is as follows:

Additional information is given is as follows:

Item Lead-time (weeks) On hand Lot size

Arrow 2 5 Lot-for-lot

Dart 2 2 Lot-for-lot

X 1 5 Multiplies of 25

W 2* 2 Multiplies of 12

F 1 10 Multiplies of 30

K 1 3 Lot-for-lot

Q 1 15 Multiplies of 30

M 1 0 Lot-for-lot

* refers to the fact that lead-time is 3 weeks if the order is 36 units or more for Item W.

To develop: A material requirement plan for the product.

Answer 6

Chapter 12, Problem 2.1CQ

Summary Introduction

Case summary:

Person M got the small bike factory running. It assembles two models including arrows and darts. Person M believes that he can increase the productivity and reduce the cost if he solves the current problems associated with inventory and scheduling.

In the initial stages, he ordered enough parts for four months of production, which reduced the workspace. It became a solid mess. Person M needs to assemble 15 arrows and 10 darts each week to have them ready at the start of week 4 through 8. Scheduled receipts are 20 arrows and 18 Ws in period 1 and 20 darts and 15Fs in period 2.

The given tree diagram is as follows:

Additional information is given is as follows:

Item Lead-time (weeks) On hand Lot size

Arrow 2 5 Lot-for-lot

Dart 2 2 Lot-for-lot

X 1 5 Multiplies of 25

W 2* 2 Multiplies of 12

F 1 10 Multiplies of 30

K 1 3 Lot-for-lot

Q 1 15 Multiplies of 30

M 1 0 Lot-for-lot

* refers to the fact that lead-time is 3 weeks if the order is 36 units or more for Item W.

To develop: A material requirement plan for the product.

Answer 7

Chapter 12, Problem 2.1CQ

Summary Introduction

Case summary:

Person M got the small bike factory running. It assembles two models including arrows and darts. Person M believes that he can increase the productivity and reduce the cost if he solves the current problems associated with inventory and scheduling.

In the initial stages, he ordered enough parts for four months of production, which reduced the workspace. It became a solid mess. Person M needs to assemble 15 arrows and 10 darts each week to have them ready at the start of week 4 through 8. Scheduled receipts are 20 arrows and 18 Ws in period 1 and 20 darts and 15Fs in period 2.

The given tree diagram is as follows:

Additional information is given is as follows:

Item Lead-time (weeks) On hand Lot size

Arrow 2 5 Lot-for-lot

Dart 2 2 Lot-for-lot

X 1 5 Multiplies of 25

W 2* 2 Multiplies of 12

F 1 10 Multiplies of 30

K 1 3 Lot-for-lot

Q 1 15 Multiplies of 30

M 1 0 Lot-for-lot

* refers to the fact that lead-time is 3 weeks if the order is 36 units or more for Item W.

To develop: A material requirement plan for the product.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 12.11 - What is ERP?Ch. 12.11 - What are the three main reasons firms adopt ERP?Ch. 12.11 - What are some hidden costs of ERP?Ch. 12.11 - How does ERP fit with e-commerce and supply chain...Ch. 12 - Contrast independent and dependent demand.Ch. 12 - When is MRP appropriate?Ch. 12 - Briefly define or explain each of these terms: a....Ch. 12 - Prob. 4DRQ Ch. 12 - Prob. 5DRQ Ch. 12 - What is meant by the term safety time?

Solution Summary: The author explains how Person M assembles arrows and darts for a small bike factory. The lead-time is 3 weeks if the order is 36 units or more.

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Chapter 12 Solutions

Item	Lead-time (weeks)	On hand	Lot size
Arrow	2	5	Lot-for-lot
Dart	2	2	Lot-for-lot
X	1	5	Multiplies of 25
W	2*	2	Multiplies of 12
F	1	10	Multiplies of 30
K	1	3	Lot-for-lot
Q	1	15	Multiplies of 30
M	1	0	Lot-for-lot