Q3. Which of the below items have a correlation with materials? I. Function П. Shape III. Attributes IV. Process А. I, I and Ш В. I and IV С. 1, I and IV D. I, II, II аnd IV
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- Inflated Inventory – Case Study As an assistant manager in a restaurant company with an eye on his future, Bob wants to do as much as possible to ensure his career progression. He works long hours, spends a lot of time focusing on customer service and loyalty, and has learned how to train employees more effectively. Recently, however, Bob has become disturbed by some actions of his superiors which, to him, do not seem to be ethical. For instance, at the end of last month, Bob was asked by the GM to inflate the inventory in order to show a better bottom-line performance for the last month. The GM explained that, while this is technically unethical, the last month was unusual in the sense that the restaurant had an accident in which the cooler malfunctioned overnight and many food products spoiled. To further explain this, the GM noted that, from his perspective, inventories are meant to capture long-range use of resources, not once-only events. Discussion Questions: 1. Should Bob…A ________ defines the hierarchical relationships between all items that comprise a finished good, such as subassemblies, purchased parts, and manufactured in-house parts. Select one: a. MRP explosion b. master production schedule c. materials requirements plan d. gross requirement e. bill of materialsThe bill of materials shows all the parts required to make Select one: a work-in process inventory b. the MPR c.raw materials inventory d.one item
- 31 - Which of the following is a production method in which a wide variety of inputs in batches pass through multi-purpose flexible processing units and turn into a wide variety of outputs? a) Workshop (Task) Type Production System B) Fluent Production System NS) Multivariable Production System D) Project Production System TO) Univariate Production System2-The company is developing a new product that will incorporate subassemblyC. As part of the development process, a manufacturing testrunwill be conducted, requiring an extra 500 subassembly C’s per week.What is the earliest week this extra production can be added while stillmaintaining the inventory requirements of all components?What is the formula for optimal setup time?a) V2DQ/ [H(I - d/ p)]b) V(jll-1(1 - d/ p)/ (2D)c) QH(l - d/ p)/ (2D)d) Q2H(l - d/ p)/ (2D)e) H(l - d/ p)
- Which of the following does not cause to production delay? (a) Shortage of space(b) Long distance movement of materials(c) Spoiled work(d) Minimum material handling1. In an assemble-to-order company, at which level should master scheduling take place? a. The end item level b. The raw material/component level c. None of the above levels d. It does not matter, any level will do e. The component/subassembly level 2. The final assembly schedule (FAS) a. Schedules customer orders as they are received based on components planned in the MPS b. None of the above c. Is used with make-to-stock products d. Is used with make-to-order products e. A and b above 3. The functions of a master production schedule are to: I. Plan material components. II. Plan capacity requirements. III. Keep priorities valid a. II, III and not I b. None of the above is a function of the MPS c. I, II and III d. I, II and III e. I, III and not II 4.The information needed to develop a master production schedule will be got from a. Inventory levels for individual end items b. None of the above c. The production plan d. The forecast of individual end…(Need all four Question s....attempt only if you will provide answers for all four....thanks) if not then skip it Q1. Inventory is the term we use to describe the accumulation of materials, customers or information as they flow through processes or networks. Match column A to column B for different types of inventory. Column A:1. Bed and breakfast accommodation2. Airport3. Hospital4. Car manufacturer5. Bank Column B: A. Application formsB. Components and partsC. Syringes and bandagesD. TicketsE. Food and beverages ---------------------------------------------------------------------------- Q2: Match the inventory type to how it is used. Column A: 1. Cycle inventory2. Anticipation inventory3. De-coupling inventory4. Pipeline inventory5. Buffer inventory Column B: A. When demand and supply is not predictableB. Safety stock to maintain supply when other products are being madeC. To fill the processing pipeline while goods are in transitD. Build up stocks during periods of low demand…
- 2. Demand for Quiggly Pops (QP) follows an up and down pattern over the four quarters of a year, with peaks in the spring and winter months when special promotions are held. Production is handled by a highly-skilled local workforce during a regular 40-hour week (i.e., overtime and subcontracting are not used). The company likes to zero out its inventory at the end of a year so that it can start fresh each January. QP currently uses a level production strategy, but would like to evaluate other options. Create a production plan and calculate the cost of the plan for each strategy listed below. Which plan would you recommend to QP? (a) Level production (b) Chase demand Quarter Demand Forecast 1 70,000 2 100,000 3 50,000 4 150,000 Beginning workforce 40 workers Production rate per worker 1250 units/quarter Regular production cost $10 per unit Hiring cost $500 per worker Firing cost $500 per worker Holding cost $1 per unit per quarter21 A process where goods are manufactured according to confirmed orders: Select one: a. Demand push b. Continuous inventory c. Just in Time d. Product pull3) Amelia Ltd. makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. The company has orders for 48,000 of these trikes. Current schedules yield the following information. Requirements Cost to Cost to Component Plastic Time Space Manufacture Purchase Front 12 40 8 16 24 Seat/Frame 16 24 8 12 18 Rear wheel (each) .20 8 .4 2 6 Available 100000 320000 60000 The company obviously does not have the resources available to manufacture everything needed for the completion of 24000 tricycles so has gathered purchase information for each component. Develop a linear programming model to tell the company how many of each component should be manufactured and how many should be purchased in order to provide 24000 fully completed tricycles at the minimum cost.