The average monthly demand requirement =| units. (Enter your response as a whole number.) %3D
Q: There is high utilization of inventory in chase approach O a. True O b. False
A: Inventory management is a systematic approach to sourcing, storing, and selling inventory- both raw…
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A: Just-in-time is a lean production practice where the goods and materials needed for a production…
Q: a. Find the reorder point necessary to provide a 98 percent service probability. (Use Excel's…
A: a.Given, Annual demand=15,600 units. Weekly demand=300 units. Standard Deviation=90 units. Lead…
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A: Given data is Demand rate (d) = 624 gears per day Wait time(w) = 1.6 day Container size (s) = 80…
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A: Given data Lead time = 4 days Standard deviation = 1 day Service level = 97% Average daily demand…
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A: Find the given details below: Given Details: Sold units 500 units Sales Revenue 150000 $…
Q: Lead time to deliver order to customer is shortest in OaMake-to-order Ob.…
A: Production is the process of developing finished products using raw materials and resources for the…
Q: Given the following information about a product atMichael Gibson’s firm, what is the appropriate…
A: Data available Annual Demand (D) =39,000 units Daily Demand (Q) = 150 units Daily production (p)…
Q: One of the ways that Just-In- Time (or JIT) influences quality is that by reducing inventory, bad…
A: A Just-in-time (JIT) inventory system is matching the requirements of the suppliers with the raw…
Q: Which one of the following is not an Operational Listings or Report from the Revenue cycle? Open…
A: Operational listing includes all those elements which brings sales to the company not the element…
Q: Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the…
A: The expenses spent to set up a machine for a production run are referred to as Setup costs. This…
Q: Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the…
A: Let Desired Lot size be Q Let Holding Cost be H Let Annual Demand be D Let Daily Demand be d Let…
Q: What are the advantages of mixed-model sequencing?
A: The mixed-model formula is best suited to situations where there is a lot of variation in the…
Q: A company maintains 218 workdays per year, and one of its primary products has a monthly demand of…
A: Given data Number of working days = 218 workdays per year Monthly demand = 4300 units hence,…
Q: A new product that will sell for $75.00 has variable costs of $38.00 per unit. Fixed costs of…
A: ANSWER IS AS BELOW:
Q: Chicago's Hard Rock Hotel distributes a mean of 1,100 bath towels per day to guests at the pool and…
A: Given data; d Average Demand 1100 bath towels per day SD Standard deviation 100 bath…
Q: Scouts Corp. projects its sales to be 1,000 units this year. As a result of holding inventories,…
A:
Q: operations and constantly keeping their service level at 94%. Find the size of Kanban and reorder…
A: THE ANSWER IS AS BELOW:
Q: Describe the process of Reducing setup time?
A: Setup Time is defined as the time to change from the last item of the previous order to the first…
Q: Gentle Ben’s Bar and Restaurant uses 5,000 quart bottles of an imported wine each year. The…
A: EOQ or Economic Order Quantity is the mathematical approach applied for managing the inventory…
Q: If Great Northern Bunk Beds has an average in-process inventory of 10 bunk-bed sets and an average…
A: Throughput time is a measure of the time required for material, part or sub-assembly to pass through…
Q: Justify why a reduction in setup time will result in a reduction in the average amount of inventory…
A: The primary goal of today's JIT development is to have small lots of material on a regular basis.…
Q: Carol Cagle has a repetitive manufacturing plantproducing trailer hitches in Arlington, Texas. The…
A: Given that, Average inventory turnover = 12 times per year Setup Labor Cost (L) = $20/hr Annual…
Q: Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the…
A: given, set up cost based on desired lot size =$ 9.41
Q: Carol Cagle has a repetitive manufacturing plant pro-ducing trailer hitches in Arlington, Texas. The…
A: Given Annual demand (D)= 31,200 unitsDaily demand (d) = 120 unitsDaily production (in 8 hours) (p)=…
Q: Explain ‘Inventory Turnover’ KPI. Is high or low value desired for Inventory Turnover? Why
A: Inventory is the term used to refer to the products available for sale and the raw materials used to…
Q: Bateman Company produces helmets for drivers of motorcycles. Helmets are produced in batches…
A: Economic Order Quantity is a method utilized to determine inventory stocking levels. Its principal…
Q: What is the ROP?
A: A reorder point, commonly referred to as ROP is a specific stock level at which the stock is…
Q: What should the lot size be? O It will vary by order. O Less than 3500 O Greater than 3500 but less…
A: Economic order quantity is the optimal level of resource quality that the company should buy to…
Q: Cesar Rego Computers, a Mississippi chain of computer hardware and software retail outlets, supplies…
A: This question is related to the topic of Inventory management and this topic falls under the…
Q: Explain how the Pareto principle relates to the prioritization of system requirements.
A: The Pareto principle is a well-known concept in business and economics that states that 80% of the…
Q: Problem 4: Given the following information, determine the number of Kanban cards required. Demand…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Department A can produce parts at a rate of 50/day. Department B uses those parts are the rate…
A: Unused rate can be calculated by subtracting used rate of Department B from the production rate of…
Q: snip
A: SKU stands for stock keeping unit. It is a barcode which can be scanned, used to keep record of…
Q: The Eagle Mountain Hospital uses disposable surgical packages (Surg Pac) for many of the routine…
A: Instead of employing/using a reorder quantity calculation, multiple firms place orders for items…
Q: Austin medical doctor's office uses 9,000 hypodermic needles per year. These needles are purchased…
A: Economic Order Quantity: Economic order quantity (EOQ) is the ideal order quantity a company…
Q: Problem 2: Perkins Lighting wishes to employ a kanban in their new floor lamp production system.…
A: Given: Daily demand = 300 units Holding cost = $20/unit/year Order cost = $10/order Lead time = 2…
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A:
Q: Pencil number 2 at the campus book-store are sold at a fairly steady rate of $60 per week. It cost…
A: Given information, Steady rate = $60 per week Cost of bookstores =$12 Holding cost = $0.05
Q: Based on philosophy, problems may occur because of wastes in overproduction, waiting,…
A: The Lean philosophical focuses on removal of wastes from a process and it emphasize on the fact that…
Q: There is high utilization of inventory in chase approach O a. False O b. True
A: A chase strategy entails matching demand and capacity time by time. This could outcome in a…
Q: Deja Brew, Inc., produces and sells 1,000 pallets of tea. Selling price per pallet: $700 Variable…
A: Fixed cost is the cost that does not increase or decrease with a change in the production process of…
Q: Merlita works for a local ceramics company. She just completed her accountancy degree and learned…
A: Given data The company sell or Annual demand (D) = 20000 units in a year C Carrying cost (H) = P20…
Q: The john equipment company estimates its carrying cost at 15% and its ordering cost at $90 per…
A: EOQ = 2×A×SC×i where A= Annual demand S= Ordering Cost C = Cost per unit i = percentage carrying…
Q: Products in an electronic store consist of the following 20 TVs delivered on January 10th at a cost…
A: FIFO stands for First-in-first-out. It means that whatever inventory is bought first will be sold…
Q: Biona Enterprise usually gets everyday order of a hundred dozen units while the production can make…
A: Given- Daily demand (d) = 100×12 (dozen) = 1,200 unitsOrdering Cost (S) = $200Holding cost (H) =…
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- Given the projected demands for the next six months, prepare an aggregate plan that uses inventory, regular time and overtime, and backorders. The plan must wind up with no units in ending inventory in Period 6. Regular time capacity is 160 units per month. There are 10 units backlogged from before. Overtime cost is $30 per unit, backorder cost is $20 per unit, inventory holding cost is $5 per unit, regular time cost of $20 per unit, and beginning inventory is zero. Month Forecast 1 180 2 170 3 140 4 150 5 130 6 150 a. Prepare an aggregate plan with inventory and backlog allowed. Overtime and subcontracting are not allowed.b. Prepare an aggregate plan if the management decided to switch to…Planners for a company that makes several models of skateboards are about to prepare the aggregate plan that will cover six periods. They have assembled the following information. Period 1 2 3 4 5 6 Total Forecast 200 200 300 400 500 200 1,800 Costs Output Regular time=$2 per skateboard Overtime =$3 per skateboard Subcontract =$6 per skateboard Inventory =$1 per skateboard per period on average inventory Back orders =$5 per skateboard per period They now want to evaluate a plan that calls for a steady rate of regular-time output, mainly using inventory to absorb the uneven demand but allowing some backlog. Prepare an aggregate plan and determine its cost using the preceding information.A manager is attempting to put together an aggregate production plan for the coming nine months. She has obtained forecasts of aggregate demand for the planning horizon. The plan must deal with highly seasonal demand; demand is relatively high in months 3 and 4, and again in month 8, as can be seen below: The company has 20 permanent employees, each of whom can produce 10 units of output per month at a cost of $6 per unit. Inventory holding cost is $5 per unit per month, and back-order cost is $10 per unit per month. The manager is considering a plan that would involve hiring two people to start working in month 1, one on a temporary basis who would work until the end of month 5. The hiring of these two would cost $500. Beginning inventory is 0.Start with 20 permanent workers. Prepare a minimum cost plan that may use some combination of hiring ($250 per worker), subcontracting ($8 per unit, maximum of 20 units per month, must use for at least three consecutive months), and overtime…
- evelop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 9,700; winter, 8,000; spring, 7,000; summer, 11,700. Inventory at the beginning of fall is 485 units. At the beginning of fall you currently have 35 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring only if overtime is necessary to prevent stockouts at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $80 for each temp; layoff, $160 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $10 per unit; straight time, $5 per hour; overtime, $8 per hour. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season. In each quarter, produce to the full output of your regular workforce, even if that…Carlos Cavalas, the manager of Echo Products’ Brazilian Division, is trying to set the production schedule for the last quarter of the year. The Brazilian Division had planned to sell 70,070 units during the year, but by September 30 only the following activity had been reported: Units Inventory, January 1 0 Production 71,100 Sales 63,700 Inventory, September 30 7,400 The division can rent warehouse space to store up to 30,500 units. The minimum inventory level that the division should carry is 2,800 units. Mr. Cavalas is aware that production must be at least 4,440 units per quarter in order to retain a nucleus of key employees. Maximum production capacity is 44,200 units per quarter. Demand has been soft, and the sales forecast for the last quarter is only 19,500 units. Due to the nature of the division’s operations, fixed manufacturing overhead is a major element of product cost. Required: 1a. Assume that the division is using variable costing. How many…The Donald Fertilizer Company produces industrial chemical fertilizers. The projected manufacturing requirements (in thousands of gallons) for the next four quarters are 80, 50, 80, and 130, respectively. A level workforce is desired, relying only on anticipation inventory as a supply option. Stockouts and backorders are to be avoided, as are overtime and undertime.a. Determine the quarterly production rate required to meet total demand for the year, and minimize the anticipation inventory that would be left over at the end of the year. Beginning inventory is zero.b. Specify the anticipation inventory that will be produced.c. Suppose that the requirements for the next four quarters are revised to 80, 130, 50, and 80, respectively. If total demand is the same, what level of production rate is needed now, using the same strategy as part (a)?
- Nizwa Heavy Electricals LLC is an organization dealing electric circuit boards. This organization concentrates on input items and its relative output items. Which of the following is an output item from aggregate production planning in Nizwa Heavy Electricals? a. Capacity constraints b. Financial Constraints c. Size of the workforce d. Company policiesHow is it possible for you to solve the Aggregate Planning problem?A linear programming computer package is needed. Greenville Cabinets received a contract to produce cabinets for a major furniture distributor. The contract calls for the production of 3,300 small cabinets and 4,100 large over the next two months, with the following delivery schedule Model Month 1 Month 2 Small 2,100 1,200 Large 1,500 2,600 Greenville estimates that the production time for each small cabinet is 0.7 hours and the production time for each large cabinet is 1 hour. The raw material costs are $10 for each small cabinet and $12 for each large cabinet. Labor costs are $22 per hour using regular production time and $33 using overtime. Greenville has up to 2,400 hours of regular production time available each month and up to 1,000 additional hours of overtime available each month. If production for either cabinet exceeds demand in month 1, the cabinets can be stored at a cost of $5 per cabinet. For each product, determine the number of units that should be…
- WSS company makes weatherproof surveillance systems for parking lots. Demand estimates for the next four quarters are 25, 9, 13, and 17 units. Prepare an aggregate plan that uses inventory, regular time, and over time, and backorders. Subcontracting is not allowed. The regular time capacity is 15 units for quarters 1 and 2, 18 units for quarters 3 and 4. Overtime capacity is 3 units per quarter. The regular time cost is $2000 per unit, while the overtime cost is $3000 per unit. Backorder costs $300 per unit per quarter; inventory holding costs $100 per unit per quarter. The beginning inventory is zero. How many total units will be produced in quarter 1 for delivery in quarter 1? How many units in total will be used to fill back orders over the four quarters? What is the cost to produce one unit in Quarter 4 using overtime to fill a back order in quarter one?Aggregate planning deals with a number of constraints.These typically are:a) job assignments, job ordering, dispatching, and overtime help.b) part-time help, weekly scheduling, and SKU production scheduling.c) subcontracting, employment levels, inventory levels,and capacity.d) capital investment, expansion or contracting capacity,and R&D.e) facility location, production budgeting, overtime, andR&D.Prepare a Master Production Schedule (MPS) for an Agri-Chemical company in Malawi given the following information: The forecast for each week of an eight-week schedule is 50 units. The MPS rule is to schedule production if the projected on-hand inventory would be negative without it. Customer orders (committed) are as follows:Week Customer Orders1 522 353 204 12Use a production lot size of 75 units and no beginning inventory.