Capacity planning requires a demand forecast for an extended period of time into the future. What concerns would you have regarding an extended forecast as a capacity planner?
Q: 2. Which of these Managers would be least likely to be considered in an operations management role…
A: Introduction:In the dynamic landscape of organizational management, numerous managerial roles play…
Q: The number of guests registered in a five star hotel for last ten years is shown in the following…
A: The objective of the question is to develop a regression equation based on the past data of guest…
Q: [Queuing Theory - Operation Research] RBMC Industry manufactures a special printing according to…
A: RBMC Industry manufactures special printing according to customer specifications with respect to the…
Q: RVW buys 15 used VW's at each of two car auctions each week held at different locations. It then…
A: Cost table: Repair Shops s1s2Auction 1 550.0500.0Auction 2…
Q: The following table lists all costs of quality incurred by Sam’s Surf Shop last year. Annual…
A: Appraisal costs for quality typically include inspection costs, testing costs, and costs associated…
Q: Strategic management is the process of formulating and implementing strategies to achieve the…
A: Management specifically the art of doing things by others Every organization has its management for…
Q: • Lot Size: L4L Lead Time: 1 weeks Quantity on Hand (Period 0): 50 Week 1 2 3 4 5 6 7 8 Gross 50 20…
A: MRP stands for Material Requirements Planning. It is a computer-based inventory management system…
Q: 9.1-1. The Childfair Company has three plants producing child push chairs that are to be shipped to…
A: Freight cost = $100 + 50 cents per mileThe distance matrix is given below:
Q: The Morning Brew Coffee Shop sells Regular, Cappuccino, and Vienna blends of coffee. The shop's…
A: Multifactor productivity is used by the organization to determine the overall efficiency of the…
Q: 19. Which kind of labour force is required in case of Jobbing Production? A. Highly Skilled B. Semi…
A: Jobbing Production: Customized Manufacturing for Unique RequirementsIn jobbing manufacturing, the…
Q: As an organization (Google), it has promoted itself as an inclusive workplace valuing Diversity.…
A: The question is asking for an analysis of the potential mistakes made by Google's leadership in…
Q: True or False: In the Theory of Constraints (TOC), the primary goal is to optimize individual…
A: The Theory of Constraints (TOC) is a management philosophy and methodology by Eli Goldratt, a…
Q: VanMetals has $3500 available for the production of new products. Wall Inc. will buy all the…
A: Integer programming is a mathematical optimization technique where all the variables are constrained…
Q: In the table below, scores are based on 50=best Location Factor Weight A B C…
A: To determine which location should be selected, we calculate the total scores for each location…
Q: Hamish works in a factory that builds tractors in Des Moines, Iowa. He needs a B352 sprocket to…
A: A. Bill of Materials (BOM): This is a list of the raw materials, sub-assemblies, intermediate…
Q: Please do part d
A: To minimize the defects per unit (DPU), we need to adjust the process mean such that it aligns more…
Q: What is the future value of $50,000.00 invested this year @ 5%, for 15 years? Select one: a.…
A: The objective of the question is to calculate the future value of an investment of $50,000.00 at an…
Q: Describe the steps involved in conducting a work sampling study.
A: Work Sampling Studies:Work sampling is a treasured technique employed in operations management to…
Q: A supplier ships goods from Richmond, VA to three market places in 3 cities (Chicago, IL; Athens,…
A: Given information:The supplier ships goods from Richmond, VA to three marketplaces in three cities:…
Q: How inventory control techniques works in real world? List out its importance.
A: Definition:Inventory control strategies are procedures used by organisations to manage and optimize…
Q: Sales for the past 12 months at computer success are given here: January 3,000 July 6,300 february…
A: To forecast sales for the months May through December using a 3-month moving average:Explanation:For…
Q: PMGT 300 week 3 discussion question 1 Week Three Discussion Topic One 1 The Statement of Work and…
A: Project management is the aspect of management that is concerned with managing, allocating, and…
Q: Southeast Soda Pop, Inc., has a new fruit drink for which it has high hopes. John Mittenthal, the…
A: Find the given details below:
Q: Sample Size, n Mean Factor, A₂ Upper Range, D4 Lower Range, D3 2 1.880 3.268 0 3 1.023 2.574 0 4…
A: Based on the sampling done, the control limits for the 3-sigma xˉ chart are:Upper Control Limit…
Q: In Cambodia, 6 laborers, each making the equivalent of $3 per day, can produce 40 units per day. In…
A: Unit production cost for each area will helps to identify the most economical location for producing…
Q: Answer all. What are the critical activities? What is the expected project duration? calculate the…
A: The problem is an example of PERT technique using three point estimate that defines the range of…
Q: You are the store manager at a large furniture store. One of your products is a study desk. Weekly…
A: Weekly demand (d) = 40 desksStandard deviation = 20 desksLead time (L) = 2 weeksReplenishment…
Q: A machine that is programmed to package 3.00 pounds of cereal in each cereal box is being tested for…
A: A: Ho1 μ = 3.00; HA1 μ =3.00 B: the test statistic is = 2.50B-2: p-value = 0.0159choose option D…
Q: You are the newly appointed assistant administrator at a local hospital, and your first project is…
A: (a)pbar=0.06Sp=0.00751UCLp=0.075LCLp=0.045 (b) The process is out of statistical…
Q: Just do parts B and C
A: Certainly! Let's break down the problem step by step: Process Capability Index (Cpk):The process…
Q: Although top managers most often possess these skills, they usually make less use of skills than…
A: Managers in the organizations are the ones who act as planners, organizers, and leaders and they are…
Q: The basic reason the term operations management is favored over the term production management is…
A: Production management is a function that combines planing, organizng, directing, and controlling of…
Q: Bindley Corporation has a one-year contract to supply motors for all washing machines produced by…
A: I have solved the problem using Excel and Here are the Excel formulas:
Q: Develop a production schedule to produce the exact production requirements by varying the workforce…
A: The concept of balancing supply and demand through effective planning of the firm's business…
Q: A manufacturer's average WIP inventory for Part #2934 is 755 parts. The workstation produces parts…
A: Work-In-Process inventory is semifinished products that are involved in the manufacturing process.…
Q: What should a communications plan look like? What are the components of a training and development…
A: A thorough communications plan comprises defining specific goals that are in line with the…
Q: What is the present value of $250,000.00, 10 years from now @ 6%? Select one: a. $139,598.69…
A: The objective of the question is to calculate the present value of a future sum of money. In this…
Q: Use the simplex method to solve the following LP model Minimize Z = 8X1 + 6X2 Subject to: 2X1 + 4X2…
A: Objective Function:Minimize Z = Subject to-
Q: In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The…
A: Find the given details below:
Q: Coordination is a fundamental aspect of any organization, whether it's a small team or a…
A: Human resource management is the aspect of management that is concerned with managing, supporting,…
Q: Famous Albert prides himself on being the Cookie King of the West. Small, freshly baked cookies are…
A: Find the given details below:
Q: Discuss algorithmic trading in the high frequency trading markets
A: Trading on financial markets with computer algorithms is known as algorithmic trading. These…
Q: What could Zuckerberg have done during the problem-solving stage of negotiations with Instagram…
A: The objective of the question is to identify the best approach that Mark Zuckerberg could have taken…
Q: a) Create a decision tree showing period 0, 1 and 2 for the scenario described above. b) Calculate…
A: The decision-making scenario outlined involves Global Logistics facing the choice between signing a…
Q: Monthly demand for a component is 1000 units. Setting-up cost per batch is 120. Cost of manufacture…
A: Given Data:Monthly demand Set-up cost per batch Cost of manufacture per unit Unit cost (r) =
Q: M/s Kobo Bearings Ltd., is committed to supply 24,000 bearings per annum to M/s Deluxe Fans on a…
A: Given Data:Annual Output: 24,000 bearingsSetup cost per run of bearing manufacture: ₹324Annual Cost…
Q: Explain how you would carry out transportation of goods as jewelry and other ornament from Peru to…
A: Logistic management is the part of management that deals with managing the flow or movement of…
Q: 8. Averaging techniques are useful for: A. distinguishing between random and non-random variations…
A: Averaging techniques:The term "averaging techniques" refers to the approaches that are used in the…
Q: dentify PESTEL influences which could be important issues for Banking Industry in the coming five…
A: Business environment is the aspect that deals with the study of the factors or components that…
Q: Month Demand 1 45 2345 48 3 43 4 48 5 49 6 54 7 47 8 50 9 46 10 47 Using the table above, calculate…
A: The objective of the question is to calculate forecasts using two different methods: Exponential…
- Capacity planning requires a demand
forecast for an extended period of time into the future. What concerns would you have regarding an extended forecast as a capacity planner?
Step by step
Solved in 1 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?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?Determine the total cost for this plan given the following forecast:Month 1 2 3 4 5 6Forecast 380 400 420 440 460 480Use steady regular output of 400 units per month, use overtime as needed for up to 40 units permonth, and use subcontracting to make up any needed output to match the forecast. Unit costs are:Regular output = $25Overtime = $40Subcontract = $60Average Balance Inventory = $15
- Given the following forecast and cost information, Regular time cost $ 40.00 per unitdetermine the total cost of a plan that uses regular time Overtime cost $ 60.00 per unitproduction output of 600 units per month, overtime is subcontracting cost $ 80.00 per unitused when needed up to a maximum of 60 units per holding cost $ 10.00 per unit per monthmonth, and subcontracting is used if additional units are needed to meet the forecast.Month Forecast1 5702 6003 6304 6505 6706 690TotalsWhy do operations planning require that a forecast be expressed in terms of physical units for an individual goods and services?Assume an initial starting Ft of 200 units, a trend (Tt ) of 8 units, an alpha of 0.30, and a delta of 0.40. If actual demand turned out to be 288, calculate the forecast including trend for the next period.
- Identify some of the important short term and long term considerations in forecasting capacity requirements? Explain each point thoroughly. What steps can organizations take to ensure a realistic determination of capacity requirements?Describe how flexibility in production systens relates to the forecast horizon and forecast accuracy ?How does the Wilson approach handle demand forecasting and inventory planning for new product launches?