Item Amount on hand Schedule receipts Lot-sizing rule X 180 0 L4L A 100 0 Periodic order quantity (2 weeks) B 50 0 100 C 50 0 200 D 50 0 400
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A Corporation assembles two products as shown in the product structures below. It has orders for 480 on period 8 and 100 units on period 9 of product X.. Develop the MRP table for each of the items.
|
Item |
Amount on hand |
|
Lot-sizing rule |
|
X |
180 |
0 |
L4L |
|
A |
100 |
0 |
Periodic order quantity (2 weeks) |
|
B |
50 |
0 |
100 |
|
C |
50 |
0 |
200 |
|
D |
50 |
0 |
400 |
|
X LT = 2 |
|
A (2) LT = 2 |
|
B (1) LT = 2 |
|
C (3) LT = 1 |
|
D (1) LT = 3 |
|
D (2) LT =2 |
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- Determine whether the following statements are true or false. Statement T or F 1. Raw material is the material purchased but not processed 2. MRP stands for MATERIAL REQUIREMENT PLANNING. 3. EOQ stands for Environmental Outsourcing Quality 4. For calculating EOQ Model Quantity discounts are not possible 5. A safety stock means that the stock is fully free of danger for people. 6. MRP is usually a computer software.The inventory control models discussed in Chapters 4 and 5 are often labeledindependent demand models and MRP is often labeled a dependent demandsystem. What do the terms independent and dependent mean in this context?Omega DB Corp. has a policy of maintaining an inventory of finished goods equal to 40 percent of the next month’s budgeted sales. If Omega DB Corp. plans to produce 6,000 units in June, what are budgeted sales for July in units? Budgeted sales for the first six months of 2019 for Omega DB Corp. are listed below: Units:JANUARY 6,000FEBRUARY 7,000MARCH 8,000APRIL 7,000MAY 5,000JUNE 4,000
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