Questions #1, #2, and #3 are about the following situation. You have been given the information in the MRP table below. Part: PR28 Gross Requirements (GR) Scheduled Receipts (SR) Projected On-Hand Inventory (POH) Planned Order Recipes (Porec) Planned Order Releases (PORel) |Q=10; LT=2; SS = 15 10 units in Week #4 20 units in Week #3 O 10 units Week #2 0 20 units in Week #1 25 1 10 Which of the following is a correct planned order release (PORel) for the table? 2 12 30 Week # 3 16 4 0 5 18
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- Inflated Inventory – Case Study As an assistant manager in a restaurant company with an eye on his future, Bob wants to do as much as possible to ensure his career progression. He works long hours, spends a lot of time focusing on customer service and loyalty, and has learned how to train employees more effectively. Recently, however, Bob has become disturbed by some actions of his superiors which, to him, do not seem to be ethical. For instance, at the end of last month, Bob was asked by the GM to inflate the inventory in order to show a better bottom-line performance for the last month. The GM explained that, while this is technically unethical, the last month was unusual in the sense that the restaurant had an accident in which the cooler malfunctioned overnight and many food products spoiled. To further explain this, the GM noted that, from his perspective, inventories are meant to capture long-range use of resources, not once-only events. Discussion Questions: 1. Should Bob…Contrast the significance of the term lead time in the traditional EOQ context and in an MRP system.STRICTLY ANSWER ITEM NO. 14. ANSWER ASAP
- ZAY uO 11:0. * SuperNet ll. / General / END-TERM EXAMINATION - BUS 252/FIN 31000. Question 19 Not yet answered Marked out of 5.00 P Flag question What are the major assumptions made by economic order quantity (EOQ) model?Need help with problem 2Each Triam Deluxe gamer computer system consists of two speakers, a monitor, a system unit, a keyboard, and an installation kit. These pieces are packed together and shipped as a complete kit. In MRP terms, all of these items are level 1 items that make the level 0 kits. Complete the MRP records, using the following information: • Production plans for complete kits are as follows: Start assembling 4,500 kits in week 2 Start assembling 1,000 kits in weeks 3, 4, and 5 Start assembling 8,000 kits in week 6 • The gross requirements for the system unit have already been given to you. For the remaining items, you will need to figure out the gross requirements. • All scheduled receipts, lead times, and beginning inventory levels are shown. Click the icon to view the MRP records. Construct the material requirements plan for item System unit (enter your responses as whole numbers). System unit: Lead Time = 1 week; Minimum order quantity = 3,500 Week 1 2 3 Gross requirements 4,500 1,000…
- Describe the role of just in time inventory management?Identify and formulate requirements and constraints for the online car rental system described below. Also provide priority weights for the requirements according to the nature of the car rental business: CAR RENTAL SYSTEM • A car rental company operates a number of rental locations throughout the metropolitan area. Since the company has a great business model and provides customer-friendly service, its business has boomed over the last several years. As the business has grown rapidly, the costs of running its business has also increased. In particular, as the job market becomes hot, the labor cost has doubled over the last several years. The company wants to find a solution to reduce its operating cost. The business operation of the company is described as follows. The description is not meant to be complete, and the company is flexible enough to consider any good improvement proposals. Vehicles can be taken from one location and returned to the same…• What is the Reorder Point (ROP)? • What is the fill rate? What is the average inventory? • What is the average flow time? Given Data: Coefficient of variation (CV) = 0.24 Average weekly demand = 540 units Standard deviation = 130 units Lead time=2 Lot size = 1641 Safety inventory: NORMSINV(0.95) = 1.64 Standard deviation * sqrt(2) * 1.64 130*√√2*1.64 301.51 301 = 301 units