Discuss Material and Capacity Requirements Planning and scope or function of Material Management
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Q3. Discuss Material and Capacity Requirements Planning and scope or function of Material Management
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- Q7. The president of Rose Bowl Enterprises, Desmond Howard, projects the firms aggregate DEMAND requirements over the next 8 months as follows: These are the monthly DEMAND, not production. MONTH JAN FEB MAR APR MAY JUN JULY AUG DEMAND 1,400 1,600 1,800 1,800 2,200 2,200 1,800 1,800 PRODUCTION 1,600 from December INVENTORY 200 from Dec plus 200 His operations manager is considering a new plan, which begins in January with 200 units on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit per month. Ignore any idle time costs. The plan is called plan A. Plan A: Vary the workforce level to execute a strategy that produces the quantity demanded in the prior month. The December demand was given as 1,600 units per month. Therefore, the production for JAN will be 1,600. However, only 1,400 are needed. Therefore, the extra 200 produced go into inventory and there is a holding cost for inventory. Also, per the above, you already have 200 units in inventory…Explain Material Requirements Planning?3.May I know the correct option?
- 4. What is FIFO method? 5. what is Average cost method?Aggregate Planning and S&OP Ch13 13.22 Uriel Southeastern Airlines's daily flight from Atlanta to Charlotte uses a Boeing 737, with all-coach seating for 120 people. In the past the airline has priced every seat at $140 for the one was fight. An average of 80 passengers are on each flight. The variable cost of a filled seat is $25. Katie Morgan, the new operations manager, has decided to try a yield revenue approach, with seats priced at $80 for early bookins and at $190 for bookings within 1 week of flight. She estimates that the airline will sell 65 seats at the lower prie and 35 at the higher price. Variable cost will not change. Which approach is preferabble for Ms. Morgan? Information All coach seating One price in past Average Variable cost Potential Changes Early booking Book within 1 week Variable cost stays $ $ $ $ 120 People 140.00 80 Seats booked 25.00 80.00 $190.00 25.00 Estimated seats: Estimated seats: 65 351. Osprey Machine Works has the following demand requirements and other data for the upcoming four quarters. Quarter 1 2 Previous quarter's output 2500 units Beginning inventory Stockout (backorder) cost $50 per unit Inventory holding cost Hiring workers Laying off workers What is the total cost of pursuing a level aggregate plan over the coming year? Demand 2300 2400 2600 2100 200 units 13 14 $10 per unit at end of quarter $4 per unit $8 per unit 2. Golden Eagle Machine Works has the following demand requirements and other data for th upcoming four quarters. Previous quarter's output 2500 units Beginning inventory Stockout (backorder) cost $50 per unit Inventory holding cost Hiring workers Laying off workers What is the total cost of pursuing a chase aggregate plan over the coming year? Demand 2300 2400 2600 2100 Quarter 1 200 units $10 per unit at end of quarter $4 per unit S8 per unit
- 2. What is Material Requirement Planning (MRP)? Briefly explain THREE (3) advantages from its use.Subject: Procurement & sourcing Q): What are the total expenses in purchasing materials of K&N's need 03 years comparision?Question 5: A Mechanical Design Company produces an innovative design of Batttery used for electric cars. The standard design of producing one(1) unit of Battery is provided in the bill of materials BOM which requires material mix shown in Table Q5a. The current monthly production of Battery is 2000 units per month with the actual material consumption shown in Table Q5b. Determine the following and justify why it is favorable or adverse. (i) Material usage variance; (ii) Material price variance; (ii) Total material cost variance; Table Q5a Usage (units) 5 Materials Total cost (OMR) V 17 W 3 38 X 8 50 Y 38 Table Q5b Usage (units) 12,047 6,902 17,556 4,122 Total cost (OMR) 50,526 94,083 103,953 76,408 Materials V W Y