An end item’s demand forecasts for the next 10 weeks are30, 30, 30, 30, 20, 20, 30, 30, 30, and 30 units. The current on-hand inventory is 100 units. The order policy is to produce inlots of 75. The booked customer orders for the item, startingwith week 1, are 15, 38, 7, 5, 0, 3, 10, 0, 0, and 0 units. The leadtime is 2 weeks.a. Develop an MPS for this end item.b. The marketing department has received five orders forthis item in the following sequence:Order 1 is for 20 units to be delivered in period 1Order 2 is for 75 units to be delivered in period 4Order 3 is for 90 units to be delivered in period 6 Order 4 is for 75 units to be delivered in period 7Order 5 is for 90 units to be delivered in period 10 Assuming that the prospective MPS you developed in part (a)does not change, which orders would you be able to acceptbased on the available to promise (ATP)?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
An end item’s demand
30, 30, 30, 30, 20, 20, 30, 30, 30, and 30 units. The current on-
hand inventory is 100 units. The order policy is to produce in
lots of 75. The booked customer orders for the item, starting
with week 1, are 15, 38, 7, 5, 0, 3, 10, 0, 0, and 0 units. The lead
time is 2 weeks.
a. Develop an MPS for this end item.
b. The marketing department has received five orders for
this item in the following sequence:
Order 1 is for 20 units to be delivered in period 1
Order 2 is for 75 units to be delivered in period 4
Order 3 is for 90 units to be delivered in period 6
Order 4 is for 75 units to be delivered in period 7
Order 5 is for 90 units to be delivered in period 10
Assuming that the prospective MPS you developed in part (a)
does not change, which orders would you be able to accept
based on the available to promise (ATP)?
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