What multifaceted factors should organizations meticulously evaluate and weigh when formulating an aggregate planning strategy to effectively synchronize production capacities with fluctuating demand patterns and operational constraints?
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- Identify the factors for which decision-makers must deal in aggregate planning.7-3. Nowjuice, Inc., produces Shakewell fruit juice. A planner has developed an aggregate forecast for demand (in cases) for the next eight months. month Apr forecast 4500 May 4400 Jun 6200 Jul 6400 Aug 5800 Sep 6600 Oct 7200 Nov 6900 Use the following information to develop aggregate plans. Regular production cost: $10.00 per case Regular production capacity: 5,000 cases Overtime production cost: $16 per case Subcontracting cost: $20 per case Holding cost: $1 per case per month Beginning inventory: 0 Develop an aggregate plan using each of the following guidelines and compute the total cost for each plan. Which plan has the lowest total cost? (a) Use level production of 5,000 case per month. Supplement using overtime as needed (b) Use a combination of overtime (500 cases per month for the first five months), inventory, and subcontracting (500 cases per month from September to November, if necessary) to handle variations in demand. Note that suitable amounts of overtime for the last…Aggregate planners attempt to balance: a. demand and inventories b. capacity and costs c. capacity and demand d. demand and costs
- 1.Describe the overall frameworks for resource planning in both goods-producing and service-providing organizations. 2.Explain options for aggregate planning 3.Explain the three basic strategies for aggregate planning.How does aggregate planning in service differ fromaggregate planning in manufacturing?List the strategic objectives of aggregate planning. Whichone of these is most often addressed by the quantitativetechniques of aggregate planning? Which one of these isgenerally the most important?
- 5. Formulate a level sales and operations plan for a company with the following predicted demand: Month Demand 6,300 2 9,000 3 6,000 4 9,000 5 15,000 6 6,000 Total 51,300 The beginning workforce is 125 employees. The monthly output per employee is 150 units. The costs to hire and lay off a worker are $2,500 and $4,000, respectively. The cost to carry an item in inventory for one month is estimated at $10, and the stockout cost is $25 per unit. Show the production schedule, the inventory levels, and the changes in workforce from period to period. Compute the plan's cost.A Pizza Company has a demand forecast for the next 12 months that is shown in Table 1 The current workforce of 100 staff can produce 1500 cases of pizzas per month. (a) Prepare a production plan that keeps the output level. How much warehouse space would the company need for this plan? (b) Prepare a demand chase plan. What implications would this have for staffing levels, assuming that the maximum amount of overtime would result in production levels of only 10 per cent greater than normal working hours? Table 1 demand forecast Month Demand (cases per month) January 600 February 800 March 1000 April 1500 May 2000 June 1700 July…How does aggregate planning contribute to overall cost reduction and efficiency improvement?
- 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…5. Consuelo Chua, Inc., is a Columbian disk drive manufacturer in need of an aggregate plan for July through December. The company has gathered the following data given in the tables. There are 8 hours of production per day. You manage a consulting firm down the street from Consuelo Chua, Inc., and to get your foot in the door, you have told Ms. Chua that you can do a better job at aggregate planning than her current staff. She said, "Fine. You do that, and you have a 1-year contract." To make good on your boast, you propose a new strategy. Hire 5 workers in August and 5 more in October, and subcontract to meet the rest of the demand. What will be the cost of this strategy? Other data Current workforce (June) 8 people Labor-hours/disk drive 4 hours Workdays/month 20 days Beginning Inventory 150 disk drives* Ending Inventory O disk drives *Note that there is no holding cost for June. Fill in the table below. (Enter all responses as whole numbers. In the hire/fire column, use positive…Lunar Co.Ltd's estimated demand for the next 6 months in 2021 is as follows: Month Demand July 1500 August 1700 September 2000 October 1800 November 2200 December 1500 Management considers 2 aggregate plans as follows:a. Perform variations in the number of workers according to the level of demand. The current average production is 1500 units/month. Labor procurement costs $500,000 per 100 units,while the cost of reducing labor is $750,000 per 100 units. b. Keeping production levels constant at an average of 1500 units/month (to meet minimum demand) and to meet demand shortages through subcontracting at a marginal cost of $5,000 per unit. Subcontracting can only be done in a number of 500 units. Demand that cannot be met by production and subcontracting is a loss of sales and calculated at $5,000 per unit. In your opinion, as the company's operational manager, which plan should the company take (from points a & b above) so that the company can achieve production…