Question 1 Material planning is the key function of material management. It is very closely linked with project planning and control. Explain TWO (2) example of poor material management and solution to solve of the problem.
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Question 1
Material planning is the key function of material management. It is very closely linked
with project planning and control. Explain TWO (2) example of poor material
management and solution to solve of the problem.
Step by step
Solved in 2 steps
- Q4. MRP Implementation and Entrepreneurial Thinking: a) Explain the role of Material Requirements Planning (MRP) in managing the production schedule for the product related to Central Cable Berhad (CCB). b) Identify opportunities for innovation and entrepreneurship within the project, such as exploring new materials or design features that could enhance the product's market appeal. c) Discuss how an entrepreneurial mindset can drive continuous improvement in the manufacturing process and contribute to the success of the project.Define enterprise resource planning (ERP) system?1. A company that produces golf carts has just received an order for 200 carts, which must be ready for delivery at the start of week 8. Information concerning the product structure, lead times and quantities on hand is shown in the following table. Parts list for golf cart Lead time Quantity on hand Golf cart Top Base 1 1 1 0 40 20 Top Supports(4) Cover 1 1 200 0 Base Motor Body Seats (2) 2 3 2 300 50 120 Body Frame Controls Wheel assemblies(4) 1 1 1 35 0 240 You are required to: a) Construct a product tree. b) Determine the low level codes for all the components. c) Develop a material requirements plan that will provide 200 golf carts by week 8 assuming lot for lot ordering.
- Article: Planning for Holiday Shipping at FedEx FedEx started as Federal Express in 1971 and made its first delivery in 1973 with 14 aircrafts and 389 employees, successfully delivering 186 packages.50 The company was founded by Frederick W. Smith who first presented his idea for the shipping company in a term paper for a business class at Yale University in 1964. Smith did not do well on the paper as his professor did not see the need for overnight package deliveries. But more than 45 years later, Smith has clearly proved his professor wrong. FedEx now employs more than 325,000 employees and uses its 652 aircraft and more than 100,000 trucks to ship on average 10.5 million packages a day in over 220 countries. Managing such a large enterprise with so much complexity clearly requires effective planning. Similar to other shipping companies, FedEx engages in significant planning to prepare for Christmastime deliveries, the company’s peak season. FedEx typically meets with major…1. A company that produces golf carts has just received an order for 200 carts, which must be ready for delivery at the start of week 8. Information concerning the product structure, lead times and quantities on hand is shown in the following table. Parts list for golf cart Lead time Quantity on hand Golf cart Top Base 1 1 1 0 40 20 Top Supports(4) Cover 1 1 200 0 Base Motor Body Seats (2) 2 3 2 300 50 120 Body Frame Controls Wheel assemblies(4) 1 1 1 35 0 240 You are required to: a) Construct a product tree.Sheet 9: Q8 Planning model Q8. Use below table to to find the profit of the company, (production plan is 3000) Y slope 2500 2000 5500 65000 7500 95000 Unit price 15.5 Units 3000 Fixed cost 19000 Y(pkp) X(pkp) alope Var cot sotal cost Sale
- H4. In this question explain wrong options also and explain all step with detailsThe following table lists the components needed to assemble an end item, the manufacturing or purchase lead times (in weeks) for typical lot sizes, amount on hand, and the direct components of each item and, in brackets, the number of each component for each parent. Item End item L C K B J G H Lead Time 1 2 3 1 4 2 4 2 Amount on Hand - 12 22 26 28 14 8 Direct Components L(2), C(1), K(3) (3) B(2), G(2), B(2) H(4), B(2) a. This part of the question is not part of your Connect assignment. b. If 46 units of the end item are to be assembled, how many additional units of B are needed? (You don't need to develop the MRP tables.) Additional units c. An order for 46 units of the end item is scheduled to be shipped at the start of week 10. What is the latest week that the components of the order can be started and the order still be ready to ship on time? (You don't need to develop the MRP tables.) The latest weekPreliminary plans are underway for construction of a new stadium for a major league baseball team. City officials question the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. Corporations and selected individuals may purchase a box for $300,000. The fixed construction cost for the upper-deck area is estimated to be $4,500,000, with a variable cost of $150,000 for each box constructed. a. What is the breakeven point for the number of luxury boxes in the new stadium? b. Preliminary drawings for the stadium show that space is available for the construction of up to 50 luxury boxes. Promoters indicate that buyers are available and that all 50 could be sold if constructed. What is your recommendation concerning the construction of luxury boxes? What profit is anticipated?