Discuss why it is important for hard rock cafe to accurately forecast demand and information regarding lead time
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Q: Discuss how aggregate planning differs when a company doesn't provide a tangible product?
A: Aggregate planning is a technique for projecting future demand volume and timing (3-18 months). It…
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Q: Explain why aggregate planning is different when a business does not produce a tangible good
A: Aggregate planning is a technique for forecasting the volume and timing of future demand (3-18…
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Q: Explain how aggregate planning is different when thecompany does not provide a tangible product.
A: Aggregate planning is a technique for analysing the quantity and timing of demand in the future…
Q: How to calculate the estimated yearly demand?
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Q: What are major limitations of using the tra nspo rtation method for aggregate planning?
A: A small introduction of Aggregate Planning Aggregate planning is a logical apparatus that…
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Q: define the following terms surplus slack
A: Both surplus and slack are terminologies that are used when measuring and controlling operational…
Q: Explain what aggregate planning is and how it is useful.
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A: Aggregate Planning - Aggregate planning is the process of developing, analyzing, and maintaining a…
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Q: The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements…
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Q: What is the managerial significance of aggregate planning. Explain
A: Below is the solution:-
Q: Explain any 2 methods that is used when developing an Aggregate plan using a Chase strategy.
A: ANSWER: A chase strategy implies when there is matching demand period by period. A considerable…
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A: Find the Given details below: Period 1 2 3 4 5 6 7 Total Forecast 50 44 55 60 50 40 51 350
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Q: PLEASE PROVIDE DETAILED EXPLANATIONS
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A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: 1.Describe the overall frameworks for resource planning in both goods-producing and…
A: "Since you have asked multiple questions we will solve the first question for you. If you want any…
Q: Aggregate Planning A company has the following aggregate demand requirements and other data for the…
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Q: Draw the Economic order quantity formula? How this formula helps to operation managers
A: Economic order quantity (EOQ) is the order quantity a company should purchase to minimize various…
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A: Chase strategy
Q: What are the main distinctions between aggregate production planning and aggregate operation…
A: The below are the primary distinctions between aggregate planning in production and aggregate…
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A: Available to promise: For 1st period = (MPS + Beginning inventory)-(sum of customers order till…
Q: When used for services rather than production, how does the aggregate preparation mechanism differ?
A: Aggregate preparation refers to the method of creating, reviewing, and managing a broad and…
Q: FarmBox is a company who grow and distribute fresh food produce directly to customers via an online…
A: Human Resource Management refers to process of recruiting, selecting, providing training and…
Q: A company's forecast of demand in shown in the following table. Regular production costs $133 per…
A: In the eve aggregate plan, an equal quantity has to be produced per month. Thus, the quantity that…
Q: explain how the analysis would change if office space were in high demand.
A: Risk analysis is the risk evaluation process on the basis of how much project outcomes or objectives…
Q: Prepare a master schedule based on the following information: Week 1…
A: Given Data- Week 1 2 3 4 5 6 7 8 Forecast 500 500 600 600 750 750 900 800 Orders 540 470 325…
Q: #7 A toy manufacturing company has prepared its forecasted demand for the next six months. Develop…
A: An aggregate plan is a tool used to balance the demand and supply for a product over the medium time…
Q: Sumarise the service demand management strategies that can be utilized for aggregate planning.
A: Service demand management: Service demand management is done in order to detect, identify, and…
Q: ABC COMPANY uses graphical techniques in its aggregate planning efforts. Over the next 12 months…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: a) What is the economic quantity for Ben to order? b) At what inventory level should he place an…
A: Annual Demand (D) = 5000Cost = $ 3Ordering cost (O) = $ 10Holding Cost (H) = 20% of Cost = $…
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A: The correct option is c all choices
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Discuss why it is important for hard rock cafe to accurately
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- 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. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?South African rapper, Cassper Nyovest, has launched a business venture manufacturing his very own clothing and shoes. Cassper wishes to ensure the highest levels of customer satisfaction. Argue the importance of accurate demand forecasting as a principle of an inventory management system for Cassper. Note: Provide at least two application points.Critique the demand management and forecasting as an effective tool to avoid stock outs
- Corral Cartage leases trucks to service its shipping contracts. Larger trucks have cheaper operating costs if there is sufficient business, but are more expensive if they are not full. CC has estimates of monthly shipping demand. What comparison method(s) would be appropriate for choosing which trucks to lease? Cevap:Over the past 12 months, Super Toy Mart has experienced a demand variance of 10,250 units and has produced an order variance of 12,050 units. Part 2 a) The bullwhip measure for Super Toy Mart is ______ (round your response to two decimal places). Part 3 b) If Super Toy Mart had made a perfect forecast of demand over the past 12 months and had decided to order 1/12 of that annual demand each month, the bullwhip measure would have been ______ (round your response to the nearest whole number.)Identify several industries that have highly variable demandpatterns. Explore how they adjust capacity
- Over the past 12 months, Super Toy Mart hasexperienced a demand variance of 10,000 units and has produced an order variance of 12,000 units.a) What is the bullwhip measure for Super Toy Mart?b) If Super Toy Mart had made a perfect forecast of demandover the past 12 months and had decided to order 1/12 ofthat annual demand each month, what would its bullwhipmeasure have been?Zeus Computer Chips, Inc., used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the dual-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its production lines. Here is demand over the past 12 quarters: TWO YEARS AGO UNITS 4,815 3.515 4,315 3,015 I || III IV || III IV Period I LAST YEAR I III IV UNITS Forecast (Units) 3,510 2,715 3,515 2,415 THIS YEAR I || III IV Use the decomposition technique to forecast demand for the next four quarters. (Do not round intermediate calculations. Round your answers to 2 decimal places.) UNITS 3,215 2,116 2,695 1,695Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,120 February 4,220 March 3,920 April 4,320 May 4,920 June 4,620 July 5,220 August 4,820 September 5,320 October 5,620 November 6,220 December 5,920 a. Using linear regression analysis, what would you estimate demand to be for each month next year? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this level of confidence? (Do not round intermediate calculations. Round…
- Identify the factors that go into demand management.Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January February 4,100 4,200 March 3,900 April 4,300 May 4,900 June 4,600 July 5,200 August 4,800 September 5,300 October 5,600 November 6,200 December 5,900FarmBox is a company who grow and distribute fresh food produce directly to customers via an online ordering platform, based in Cheshire, UK. The company started in 2019 and began as a family run business that was staffed by 4 family members plus two farmhands, with the use of one delivery van.As the Covid pandemic struck in 2020 the business experienced unexpected rapid growth with orders tripling almost overnight, whilst the firm has the product to meet the demand of customers, investment wasneeded in equipment and more importantly, the number of staff needed to increase immediately if productivity was to remain effective.To address this the owner placed an online advert for farmhands requiring CV’s to be emailed to the business. Candidates that FarmBox were interested in took part in a 20 minute online video interview that aimed to determine their skills and suitability and then successful candidates began work once they were able to evidence that they were free of the Covid virus.…