Concept explainers
a)
To construct: A product structure.
Introduction:
Product structure:
The product structure is a visual representation of the components needed for a product assembly and the sequence at which they must be developed. It will clearly depict the parents and children components at each level.
b)
To construct: A time-phased product structure.
Introduction:
Time-phased product structure:
The time-phased product structure will represent the product and the associated components visually with the details of the time at when each component must begin production. It is done to ensure that all the components are developed on time.
c)
To develop: A net requirements plan.
Introduction:
Net requirements plan:
The net requirements plan is the plan which is established on the gross requirements plan formed by deducting the stock on and the scheduled receipts. If the total requirement is below the safety stock levels, a planned order is made based on the given lot sizing technique.
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EBK OPERATIONS MANAGEMENT
- Demand for portable music players for joggers has caused Nancy Industries (Nancy) to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nancy expects demand for music player to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demands for the players for last year was as follows : Month Demand (units) Jan 4200 Feb 4300 Mar 4000 Apr 4400 May 5000 Jun 4700 Jul 5300 Aug 4900 Sep 5400 Oct 5700 Nov 6300 Dec 6000 Question : From the choice of simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate to Nancy Industries? Why?arrow_forwardYear Cost of Good Sold Beginning Inventory (In Pesos) Ending Inventory (In Pesos) 1 503,425 10,300 12,400 2 643,056 12,400 11,200 3 690,432 11,200 10,670 4 734,509 10,670 11,200 5 758,734 ? 10,987 REQUIRED Determine the inventory turnover for year 5. Determine the number of days the finished goods stay in inventory in Year 1. There was no improvement in inventory turnover in Year 5 compared to Year 1. This statement is not correct. Write YES or NO for the answerarrow_forwardProvide two possible reasons for using the fixed-order-interval model. Give an example for each reason.arrow_forward
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