What is the relationship between the aggregate plan andthe master production schedule?
Q: a) (10 pts) BBOT UTE Company produces a product “A”. Below you can find the BOM (with number of…
A: Answer (A) Item A Period 1234 56 78 Gross requirements 0000 01000150…
Q: which are costs relevant to the aggregate production plan and explain?
A: Aggregate planning using transportation method helps to attain the minimum cost with the optimal…
Q: Describe the relationship between production scheduling andinventory levels.
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Q: The main input for master scheduling schedule is: O a. Long term forecasting O b. Aggregate…
A: Ans) 1) Master Scheduling Schedule takes sales forecast as a Input. MPS is an Input to Aggregate…
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Q: Which of the four costs relevant to aggregate production planning is the most difficult to…
A: Aggregate production planning involves making plans for the current production levels to meet the…
Q: What category of planning covers a period from a day to six months, with daily or weekly time…
A: Planning is done at every stage of every single activity in an organization. Based on time range,…
Q: What will be projected on hand inventory of item S in week6?
A: Given data is S = fixed order quantity = 50 pieces Requirement of P = 60 On-hand quantity of P = 5…
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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 does revenue management impact an aggregateplan?
A: Aggregate planning refers to developing a plan for maintaining and scheduling all the internal…
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A: Given data is Production quantity = 40000 pounds Safety stock = 30000 pounds
Q: Given the projected demands for the next six months, prepare aggregate plan must wind up with no…
A: The projected demands for the next six months - Month 1 2 3 4 5 6 Forecast 150 170 140 160 130…
Q: Explain what aggregate planning is and how it is useful.
A: Aggregate planning using transportation method helps to attain the minimum cost with the optimal…
Q: Describe the different demand-based options used in aggregate planning and their implications for a…
A: Aggregate Planning - Aggregate planning is the process of developing, analyzing, and maintaining a…
Q: Disaggregate an aggregate plan
A: Aggregate planning provides a common point at which capacity and inventory can be considered jointly…
Q: Given the projected demands for the next six months, prepare an aggregate plan that uses inventory,…
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Q: What factors are important in choosing the length of the planning horizon for aggregate planning?
A: The purpose of the aggregate planning is planning ahead as it takes time to implement plans. The…
Q: Product X is made of 2 units of Y and 3 of Z. Y is made of 1 unit of A and 2 units of B. Z is made…
A:
Q: EE Company has the following aggregate demand requirements and data for the upcoming four quarters.…
A: A deadline is the last or the target date before which the task has to be done.If the task is not…
Q: What does “disaggregation of aggregate plans” mean?
A: Disaggregation of aggregate plans refers to the process of disintegration of the aggregate plan into…
Q: Who needs to interface with the master schedule and why?
A: Master scheduling is the plan to produce certain amount of production, inventory, staffing, and…
Q: What information does a master production schedule provide that an aggregate plan does not? O a. A…
A: The Master Schedule, or MPS, is a strategy for producing individual final pieces. The MPS sets out…
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A: SAP is nothing but the acronym for System, Application, and Products in the processing of the data.…
Q: Briefly discuss the managerial significance of aggregate planning with reference to capital…
A: Aggregate planning is a production planning strategy that is also a marketing activity that is used…
Q: In the agriculture industry, migrant workers are commonly employed to pick crops ready for harvest.…
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…
Q: Explain how an aggregate production plan is made.
A: Aggregate production planning - is reasonable for operation management. It is linked with the…
Q: Aggregate planning deals with a number of constraints.These typically are:a) job assignments, job…
A: Aggregate planning is the planning of production activities for an organization that takes into…
Q: What detail is required to build the aggregate schedule for an operations manager? List and…
A: The main objective of preparing an aggregate schedule is to assess the quantity and production…
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: What are the advantages and disadvantages of varyingthe size of the workforce to meet demand…
A: The workforce plays an important role in meeting the required level of the customers of the…
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Q: Describe in detail what are the aggregate planning goal's?
A: The aggregate strategy must meet a number of objectives concurrently. Several critical purposes of…
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Q: Describe the relationship among the production plan, the master production schedule, and the…
A: A production plan is the planning of raw materials and workers for the production of goods and…
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A: Good labor relations: An organization satisfies the laborers by paying them reasonable salary and…
Q: In what way does the time horizon chosen for an aggregate plan to determine whether it is the best…
A: Aggregate planning is the process through which a company used to determine the planned levels of…
Q: What four functions does the master production schedule (MPS) perform in the productionplanning…
A: Just like any financial statement of an organization, there is a production statement also in any…
Q: Product X is made of 2 units of Y and 3 of Z. Y is made of 1 unit of A and 2 units of B. Z is made…
A: Using the given information, the bill of material will be as follows.
Q: How is a master production schedule created, and how is itused?
A: The Master Production Schedule is as follows: - MPS is a plan for creating individual items in each…
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- Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a four-quarter forecast. the four-quarter forecast. Quarter Forecast 1 1,400 2 1,100 3 1,700 4 1,300 aggregate plan. Costs Previous quarter's output 1,600 units Beginning inventory 0 units Stockout cost for backorders $55 per unit Inventory holding cost $11 per unit for every unit held at the end of the quarter Hiring workers $50 per unit Layoff workers $75 per unit Unit cost $35 per unit Overtime $20 extra per unit Subcontracting Not available Your job is to develop an aggregate plan for the next four quarters. Part 2 a) Try hiring and layoffs (to meet the forecast) as necessary (enter your responses as whole…Explain the various costs associated with aggregate planning?Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a four-quarter forecast. the four-quarter forecast. Quarter Forecast 1 1,400 2 1,100 3 1,700 4 1,300 the costs relevant to the aggregate plan. Costs Previous quarter's output 1,600 units Beginning inventory 0 units Stockout cost for backorders $55 per unit Inventory holding cost $11 per unit for every unit held at the end of the quarter Hiring workers $50 per unit Layoff workers $75 per unit Unit cost $35 per unit Overtime $20 extra per unit Subcontracting Not available Your job is to develop an aggregate plan for the next four quarters. Part 2 a) Try hiring and layoffs (to meet the forecast) as necessary…
- Create a level plan with a zero ending inventory for the forecast shown in the table. There is no beginning inventory and regular production capacity is 300 units. Overtime costs K15 extra and is limited to 25 units per month and subcontracting is limited to 60 units per month and costs K10 per unit. Back orders cost KS0 per unit and there is a cost of KS per month to hold a unit in inventory. What is the total plan cost? |Month January February March Forecast 250 300 400 |April 350Table below provides the demand forecast and production day information for an aggregate plan. Assume that no back orders are allowed in this case. Month January February March April May June Demand Forecast 3,000 4,500 3,400 2,500 4,000 3,200 Production Days 22 18 21 21 22 20 The costing information that is used to evaluate the total cost of each plan is as follows:• Inventory carrying cost: $4 per unit per month• Subcontracting cost per unit: $15 per unit• Working hours: 8 hours per day• Average pay rate: $12 per hour ($96 per day per worker)• Labour-hours to produce a unit: 2 hours per unit• Cost of increasing daily production rate (hiring and training): $300 per unit• Cost of decreasing daily production rate (layoffs): $700 per unitUse these information to formulate an aggregate plan. The firm would like to use level strategy: constant workforce for the aggregate planning. The firm chooses the average demand of the…Explain the role of the master production schedule?
- How does revenue management impact an aggregateplan?What considerations are essential in determining the planning horizon period for aggregate planning?Planners for a company that makes several models of skateboards are about toprepare the aggregate plan that will cover six periods. They now want toevaluate a plan that calls for a steady rate of regular output, mainly usinginventory to absorb the uneven demand but allowing some backlog. Overtimeand subcontracting are not used because they want a steady output. They intendto start with zero inventory on hand in the first period. Prepare an aggregate planand determine its cost using the following information. Assume a level of outputrate of 300 units per period with regular time. Note that the planned endinginventory is zero. There are 15 workers, and each can produce 20 units per Period 1 2 3 4 5 6 Total Forecast 200 200 300 400 500 200 1800 Cost Information:Regular time = $2 per skateboardOvertime = $3 per skateboardSubcontract = $6 per skateboardInventory = $1 per skateboard per period on average inventoryBack orders = $5 per skateboard per period
- What is the BOM stock needed for the shoe department for April if the sales are planned at $64,000 and the stock to sales ratio is 18.3?In production plan 2, vary inventory if the ending inventory for March is -32, what will be the beginning inventory for the month of April?9. Planned sales in the junior sportswear department for April are $842,100, and the planned stock-sales ratio is 3.2. On April 1, how much stock is needed? Round to the nearest dollar.