eing a resource planning manager of the firm how will you translate the company annual business plan in to Aggregate Production Plan, Master Production Schedule and Material Requirement Planning? Explain your answer using Operations Planning Hierarchy?
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Q: Being a resource planning manager of the firm how will you translate the company annual business…
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Q: This company has the following aggregate demand requirements and other data for the upcoming four…
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Q: EXAMPLE: PRODUCTION PLAN STRATEGIES 1. Prepare the production plan using the three basic production…
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A: It is given that, the regular production capacity is 300 units. Overtime costs are K15 extra and are…
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: The Annual Business Meeting of FMCG Company was held in February 2020 where the company has set the…
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Q: How does revenue management impact an aggregateplan?
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Q: Sticky Fingers Inc. produces packing and masking tape. Last year’s annual report has been compiled,…
A: Hence, the inventory turnover is 6.67.
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Q: Describe the difference between aggregate planning in service and aggregate planning in…
A: To be determined: the difference between aggregate planning in service and aggregate planning in…
Q: Given the projected demands for the next six months, prepare an aggregate plan that uses inventory,…
A:
Q: 8 There are ______ stages in the process of developing a sales and operations planning (S&OP) plan.…
A: 8 Sales and Operations planning is a process which helps the organizations to meet customer…
Q: Which of the following aggregate planning strategies cannot impact the demand 1)subcontracting…
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Q: Describe in detail what are the manufacturing aggregate planning?
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Q: Aggregate Planning A company has the following aggregate demand requirements and other data for the…
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Q: The forecasted demand for fudge for the next four months is 110, 140, 230, and 160 pounds. What is…
A: Recommended production rate with no backorder or stockouts would be 230 since you can not have…
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A: Decision variables: X1 = Units of Pneum. model X2 = Units of Cordless model Objective function:…
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A: Chase strategy
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A: General notes : This is a case of aggregate plan with multiple possible answers based on the…
Q: A company's forecast of demand in shown in the following table. Regular production costs $133 per…
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A: Activities of operations planning include job design, scheduling, materials management, capacity…
Q: e plan to meet this demand given this additional information: A level production rate of 1000 units…
A: Given that: Production Cost $20 Inventory Holding Cost $1 Backorder Cost $8 Initial…
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A: The answer is as below:
Q: Describe in detail what are the aggregate planning goal's?
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Q: Develop an aggregate plan that matches the forecast and compute the total cost of your plan. Regular…
A: Aggregate planning refers to the “big picture” approach involved in planning, wherein the aggregate…
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Q: Define yield management. How does it differ from the pure strategies in production planning?
A: Yield management is a variable pricing methodology executed by understanding, influencing, and…
Q: The most effective aggregate planning strategy depends on O a. the competitive position O b. the…
A: The correct option is c all choices
Q: , contrast the “Level” strategy from the “chase” strategy?
A: Sales and operations are two functions of an organization that helps in the smooth flow of processes…
Q: Visit either a local manufacturer or service provider (or research one online). Determine how it…
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The Annual Business Meeting of FMCG Company was held in February 2020 where the company has set the target revenue goal for next year. The target revenue set was Rs 120Million which is 10% greater than the previous year target. The firm deals with one product which they plan to sell for Rs1000.
Being a resource planning manager of the firm how will you translate the company annual business plan in to Aggregate Production Plan, Master Production
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- Develop a level aggregate plan for the Draper Tax Companyif back orders are permitted.(a) Show what would happen if this plan were implemented.(b) Calculate the costs associated with this plan.(c) Evaluate the plan in terms of cost, customer service,operations, and human resources.To illustrate these different approaches to Production Planning, identify to most appropriate Production Planning and Manufacturing approach the following industrial scenario. A company that manufactures a specialized scientific instruments based on standard base units with different optional extra parts (for example Cryostats for spectroscopy - an exciting range available for your research - Nanoscience - Oxford Instruments (oxinst.com) ). Sales volumes are expected to be 1000-2000 units per year. For each of these scenarios, evaluate the effectiveness of the proposed Production planning Techniques AND Manufacturing approach AND justify your selections.To illustrate the different approaches to Production Planning, identify to most appropriate Production Planning and Manufacturing approach in the following industrial scenario. A bespoke kitchen manufacturer and installer who will visit customers and make complete kitchens to fit customer’s private homes, based on a range of standard finishes and a large range of optional accessories. (for example Smallbone | Bespoke Kitchens | Luxury Kitchen Designers ). The expected sales volumes would be 50-100 kitchens per year. For this scenario, evaluate the effectiveness of the proposed Production planning Techniques AND Manufacturing approach AND justify your selections.
- The forecasted demand for fudge for the next four months is 110, 140, 230, and 160 pounds. What is the recommended production rate if a level strategy is adopted with no backorders or stockouts? What is the ending inventory for month 4 under this plan? Round your answers to the nearest whole number. Production rate: pounds/month Ending inventory (month 4): pounds What is the level production rate with no ending inventory in month 4? Round your answer to one decimal place. Production rate: pounds/monthDeb 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…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…
- How is the planning at Ashley furniture? (As a company) Planning:Consists of the processes necessary to strategically operate an existing supply chain. Note: Answer the questionSoutheast Soda Pop, Inc., has a new fruit drink forwhich it has high hopes. John Mitten thai, the production planner,has assembled the fo llowing cost data and demand forecast: John's job is to develop an aggregate plan. The three initialoptions he wants to evaluate are:• Plan A: a strategy that hires and fires personnel as necessaryto meet the forecast.• Plan B: a level strategy.• Plan C: a level strategy that produces 1,200 cases per quarterand meets the fo recast demand with inventory and subcontracting.a) Which strategy is the lowest-cost plan?b) If you are John's boss, the VP for operations, which p lan doyou implement and why?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
- Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you complete the plan correctly, your hiring, layoff, and inventory costs should match those given here. Month Forecasted salesMarch 1,890April 1,548May 1,512June 1,017July 1,971August 2,475September 2,871October 2,673November 3,573December 3,600January 2,655February 2,286Assume that Blue Button Manufacturing (BBM) has accepted the merits of aggregate planning. You have been requested to indicate the way forward and must recommend an aggregate planning strategy to the management team. Write a report in which you describe the concept “trade-offs in aggregate planning”, identify the potential strategies that could be followed, including the use case for each strategy, and then substantiate your choice of strategy for BBMDoes Starwood employ a chase, level, or mixed strategy? Why is this approach the best choice for the company?