Operations management has a wide range of decision options approaches for aggregate planning i.e Demand options and capacity options. Discuss each approach that a company may use for effective aggregate planning
Q: sole-sourcing arrangements, customers involve suppliers
A: Sole-sourcing arrangement indicating a practice where the system working with a single service provi...
Q: Explain the model of ethical decision-making in business and explain how it differs from the process...
A: An ethical decision-making model is a framework that executives can use to introduce these ideas to ...
Q: Enumerate and discuss the eight-vendor identification and selection processes.
A: It is very important to find a suitable vendor for the firm because lots of work will depend on the ...
Q: Explain the importance of resource allocation in project scheduling.
A: Resource allocation means managing and arranging the resources of the organsiation is such a manner ...
Q: Outline four benefits of incorporating risk management in a small business.
A: Risk management is the identifiable proof, assessment, & prioritization of risks tailed by facil...
Q: In general life insurance company the, the registration process mean is 60 minutes , and the standar...
A: Given: mean = 60 minutes standard deviation = 0.64 minutes Upper specification = 62 minutes lower sp...
Q: what are DHL's Integrated Supply Chain Information Systems
A: A Small Introduction about Supply Chain Management Supply Chain Management can be characterized a...
Q: 5. A mixture of pellets is to be made containing x regular pellets, y large pellets and z extra larg...
A: given,
Q: 2) For each project phase identified in 1(a) above, describe at least four (4) project activities/pr...
A: Here we are discussing four project phases that mark the life of a project. Initiation phasePlanning...
Q: Cutey Barber Salon is a trendy barber salon that is located in a densely populated city called Maple...
A: Given information-
Q: Think of the last time you were hired for a job/training/internship/Coop/school committe? Which of...
A: Job specification describes those human requirements: education, skills, knowledge, personal qualiti...
Q: You are a member of the plant information systems group for a small manufacturer of all-natural ingr...
A: Process control is described as the ability to effectively adjust and monitor processes that facilit...
Q: Using the above data, solve the assembly-line balancing problem and calculate the efficiency of your...
A:
Q: A manufacturer is developing a facility plan to provide production capacity for its factory. The amo...
A: Given data-
Q: Future express deals with futuristic robots and it purchase it by sourcing it to the local manufactu...
A: To be determined: Which option is more economical, production or purchasing of the products Given ...
Q: Researchers that adopt a humanistic approach might ask questions about an individual or community-wi...
A: The primary goal of a humanistic education is human well-being, including the primacy of human value...
Q: Keislss Inc produces refinery glass products and is about to expand its operations in sweden , where...
A: Given: Fixed Cost = $ 9,00,000 Variable cost = $ 92 Unit price = $ 150 Demand = 10,000 units per ann...
Q: What are the “Country Factors” critical to attracting FDI to a host country? Identify with examples ...
A: The term FDI can be understood as foreign direct investment. It can be understood as a process where...
Q: Problem 3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement...
A: First now we have Sales (405,000+641,000) $1,046,000 Less adjusted cost of goods sold [660000...
Q: Discuss how Amazon can use the information lever to predict demand. What is Amazon’s scope of strate...
A: Amazon is the world's biggest web-based retailer and is to be sure a trailblazer in the web-based re...
Q: Eurotronics manufactures components for use in small electronic products such as computers, CD playe...
A: Given data is
Q: D & R A1 2 -3 Question 2. Contango and Backwardation Explain the relationship between contango,...
A: Contango is a circumstance in which the future price of the commodity is greater than it's spot pric...
Q: What do we mean by miles-per-delivery (MPD) in Logistics Network? Why is MPD an important metric to ...
A: Small Introduction about Logistics Coordinated operations are the term which by and large means th...
Q: With the use of a diagram, show (illustrate) the typical levels of uncertainty or project risks asso...
A: A Small Introduction about Project Risk A project risk is a dubious occasion that could conceivab...
Q: Module: Principles of Purchasing & Supplies. Qn: Explain how the Push and Pull factor effect can af...
A: The goal of a push and pull distribution strategy is to guide your promotional path to market. Perha...
Q: 2. Eowle Marketing Research has four project leaders available for the assignment of project leaders...
A: Solving the problem by using the ,HUNGARANIAN METHOD OF TASK ASSIGNMENT ' The following problem tabl...
Q: 1. Other than quality, explain how the Operations Manager can use two competitive priorities to comp...
A: A Small introduction about Operations Management Operations management (OM) is the organization ...
Q: 1. Why is the project schedule important?
A: Project management is the type of management in which finished products are produced using different...
Q: d. The average utilization of Benny's time. (Round your intermediate calculations to 3 decimal place...
A: Utilization refers to the average number of servers that are busy divided by the total number of ser...
Q: eed some insight and help on this How would you decide whether the selection system is effective, ...
A: At Equis Staffing, we comprehend the significance of the right staffing fit. Recruiting some unaccep...
Q: Bradley Solutions and Alexander Limited are two well-established suppliers of inexpensive tools. Wee...
A: a. using Alexander and a shipping quantity of 10000 units is least cost alternative, with annual tot...
Q: Suppose: 100,000 -inventoried units are required in stock in your warehouse to service your client's...
A: Inventory uniits -100000 current no. of warehouse=3 consolidating number of warehouse =1
Q: Explain the sequential steps and stages involved in ISO 9000 certification for Indian Firms, right f...
A: ISO stands for International Organization for Standardisation. It is an independent organization tha...
Q: 3) H sing Graop hiral Solve Meldied the follewing Lpp Z = 100", + h0x, lo n, + 41, < 2000 3x, + 2%, ...
A: Note: - Both the problem given by you are the same. They both have the same values and maximization ...
Q: QRS Corp is designing a product layout for a new product. They plan to use this production line 9 ho...
A: Cycle time is the time that is spent on the working of production of an item by the workers in an or...
Q: Tsaltz Inc. of Hamilton, Ontario, is a distributor of starwars themed dog tags to pet store retailer...
A: EOQ is the quantity at which both ordering cost and holding cost becomes equal and the quantity help...
Q: Refer again to Problems( Using the information in Problem(The demand for subassembly Sis 100 units i...
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question s...
Q: Explain the purpose of the project schedule.
A: A project schedule is like a time table for the project as it enables the project manager and whole ...
Q: At the beginning of year 1, you have $100,000. Investments A and B are available; their cash flows a...
A: A Small Introduction about Investment Speculation is basically a resource that is made fully inte...
Q: You have been asked by your boss to calculate the Economic Order Quantity (EOQ) for one of the major...
A: The EOQ is the optimal order quantity that the company should buy so that the inventory cost will re...
Q: The success of a project hinges on having the right human resources to carry out the project work. L...
A: SUMMARY- Being a project HR manager in an environmental company, the project manager needs to check ...
Q: M. de Koster, of Rene Enterprises, has the master production plan shown here: ...
A: Given- Production plan- Setup cost (S) = $200Holding cost (H) = $10 per weekStockout cost = $10 per...
Q: Levis is a global leader in denim garments especially the denim jeans. Traditionally, the company ha...
A: As a brand manager of Levis it is significant to first identify & understand the needs, problems...
Q: 1. For cach of the following network diagrams, determine both the critical path and the expected pro...
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for...
Q: An overview of a fourth form of business organization, a Franchise, (1 Paragraph) 1. Introduce what ...
A: A franchise (or franchising) is a technique for disseminating things or administrations including a ...
Q: As a dietician for a public school, formulate a model to determine the least-cost meal that meets al...
A:
Q: What's the difference between a standard commercial contract and an outsourcing contract? Which of t...
A: Note - Hi! Thank you for the question As per the honour code, We’ll answer the first question since ...
Q: Explain the relationship among short-term scheduling, capacity planning, aggregate planning, and a m...
A: Short-term scheduling includes selecting one of the processes from the ready queue and scheduling th...
Q: How can the efficient use of project management software assist an organisation in managing its proj...
A: Project management is the management in which different kinds of skills, knowledge and technique are...
Q: a. Construct a precedence diagram and compute the lead time for the process. b. If the demand for pi...
A:
Step by step
Solved in 2 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. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?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?Aggregate planners attempt to balance: a. demand and inventories b. capacity and costs c. capacity and demand d. demand and costs
- 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?Deforrest Marine Motors manufactures engines for the speedboat racing circuit. As part of their annual planning cycle, they forecasted demand for the next four quarters. The number of available days of production and the anticipated demand are given below. Employees Production Rate Production Cost Backorder Cost Overtime Cost Overtime Limit Demand Q1 2,400 6,019,000 They also estimated many of the costs required to conduct operations planning. Some of these key figures are listed below. 30 70 units/employee/quarter Q2 2,200 $1,000/unit $200/unit/quarter $1,500/unit <= 25% of Reg. Production Q3 1,700 Q4 1,800 Hire Cost Fire Cost Subcontracting Cost Subcontracting Limit Inventory Cost Initial Inventory $1,200/employee $800/employee $1,800/unit 400 units maximum $100/unit/quarter 280 units Deforrest Marine Motors wishes to maintain the current number of employees for the entire year to follow a level strategy balanced with inventory and backorders as needed. What is the total cost of this…Why are production planning and capacity planning important in Supply Chain Management? and provide scenario examples.
- A manager has prepared a forecast of expected aggregate demand for the next six months. Develop an aggregate plan to meet this demand given this additional information: A level production rate of 500 units per month can be used. Backorders are allowed, and they are charged at the rate of $20 per unit per month. Inventory holding costs are $1 per unit per month in ending inventory. Determine the cost of this plan if regular time cost is $10 per unit and beginning inventory is zero. Overtime costs $16 per unit and subcontracting costs $20 per unit. In the 4th month, overtime is not possible. While outsourcing is not possible in the 3rd month. Overtime capacity is 50 units and subcontracting capacity is 50 units. Month Forecast 1 400 2 480 3 560 4 720 5…A manager has prepared a forecast of expected aggregate demand for the next six months. Develop an aggregate plan to meet this demand given this additional information: A level production rate of 1000 units per month can be used. Backorders are allowed, and they are charged at the rate of $20 per unit per month. Inventory holding costs are $1 per unit per month in ending inventory. Determine the cost of this plan if regular time cost is $10 per unit and beginning inventory is zero. Overtime costs $16 per unit and subcontracting costs $20 per unit. In the 4th month, overtime is not possible. While outsourcing is not allowed in the 3rd month. Overtime capacity is 100 units and subcontracting capacity is 100 units per month. Month Forecast 1 800 2 960 3 1120 4 1440 5…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:
- 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 690TotalsDetermine 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 = $15How does aggregate planning in service differ fromaggregate planning in manufacturing?