The forecast demand for fudge for the next four months is 120, 160, 20, and 60 pounds. a. What is the recommended production rate if a level strategy is adopted with no backorders or stock outs? b. What is the ending inventory for Month 4 under this plan? c. What is the level production rate with no ending inventory in month 4.
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a. What is the recommended production rate if a level strategy is adopted with no backorders or stock outs?
b. What is the ending inventory for Month 4 under this plan?
c. What is the level production rate with no ending inventory in month 4.
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- Given the forecast and booked orders shown in the table, and a beginning inventory of 25, what should the master production schedule quantity be for period 4? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.The table below contains monthly (six months) demand estimates and working days per month. Month Demand Production Days JAN 1,500 20 FEB 1,200 24 MAR 1,000 25 APR 1,600 25 MAY 1,100 20 JUN 1,300 26 For the implementation of “Level” strategy, the average demand (in units/day) over the six- month planning horizon is equal to; a. 40 b. 50 c. 55 d. 75. Case: Flamingo Educational Services Flamingo Educational Services, a company located in the Tema metropolis, is a nationwide market leader in the publishing and distribution of textbooks for first and second cycle schools. Somehow, Flamingo does not use forecasts for production planning. Instead, the operations manager decides which books to produce and the batch size, based on orders and the amounts in inventory. The books that have the fewest amounts in inventory get the highest priority. Demand is uneven, and the company has experienced being overstocked on some items and out of others. Being under-stocked has occasionally created tensions with managers of the retail bookstores the company works with. Flamingo is on the verge of losing a lucrative contract with the Ghana Education Service over a complaint that the books produced over the last four months have defective binding as well as slight but noticeable variations in print quality and sizes of the…
- c. Compute and tabulate the daily demand for each month in the table below (round off to the nearest whole number). MONTH PRODUCTION DAYS DEMAND FORECAST DEMAND PER DAY JAN 2022 16 150 ? FEB 2022 16 150 ? MAR 2022 23 250 ? APR 2022 21 250 ? MAY 2022 22 400 ? JUN 2022 22 500 ? JUL 2022 21 600 ? AUG 2022 20 750 ? SEP 2022 20 450 ? OCT 2022 20 250 ? NOV 2022 16 150 ? DEC 2022 16 150 ? TOTAL ? ? d. Assuming that MPQ Limited had adopted a level strategy for the year ended 31 December 2022, compute the average daily demand for the year (round off to the nearest whole number). e. Prepare a graph showing the monthly forecasts and average daily forecast (in units per day) for MPQ Limited.Create a level plan with a zero ending inventory for the forecast shown in the table. There is no beginning inventory and regular production capacity is 300 units. Overtime costs K15 extra and is limited to 25 units per month and subcontracting is limited to 60 units per month and costs K10 per unit. Back orders cost KS0 per unit and there is a cost of KS per month to hold a unit in inventory. What is the total plan cost? |Month January February March Forecast 250 300 400 |April 350Over the past 12 months, Super Toy Mart has experienced a demand variance of 10,250 units and has produced an order variance of 12,050 units. Part 2 a) The bullwhip measure for Super Toy Mart is ______ (round your response to two decimal places). Part 3 b) If Super Toy Mart had made a perfect forecast of demand over the past 12 months and had decided to order 1/12 of that annual demand each month, the bullwhip measure would have been ______ (round your response to the nearest whole number.)
- EXAMPLE: PRODUCTION PLAN STRATEGIES 1. Prepare the production plan using the three basic production plan strategies Suppose the forecasted demand for a product family looks like the table below. Assume the product family is a make to stock family with a starting inventory of 210. Period 1 2 3 4 5 6 Total Forecast 175 150 180 165 150 200 1020 (Demand) Additional Information: For Hybrid production, it is assumed that for the 1* three periods it uses the lowest demand; on the 4th and 5th period it uses 175 forecasted demand; and on the 6th period there is no change on the demand. Requirement: Solve for the following a. Chase production plan Period 1 2 3 4 5 6 Total Forecast (Demand) 175 150 180 165 150 200 1020 Level production plan Period 1 2 3 4 5 6 Total Forecast (Demand) 175 150 180 165 150 200 1020 b. Hybrid production plan Period 1 4 5 6. Total Forecast (Demand) 175 150 180 165 150 200 1020Musa's Cashmere Sweaters has authorized the following MPS for her exclusive line of cashmere sweaters. She wants to use the MPS record for promising future orders. Current order promises are included. The MPS order quantity is 60 units. Beginning Inventory is 0. Complete the following MPS record. Period 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 15 15 15 15 20 20 20 20 25 25 25 25 Customer orders 12 10 8 25 40 0 15 30 30 0 0 40 Projected available Available-to-promise MPS 603. The MPS planner at Murphy Motors uses MPS time-phased records for planning end-item pro- duction. The planner is currently working on a schedule for the P24, one of Murphy's top-selling motors. The planner uses a production lot size of 70 and a safety stock of 5 for the P24 motor. Item: P24 Forecast Orders On hand Week 12345678 30 30 30 40 40 40 45 45 13 8 4 Projected available balance Available-to-promise MPS 20 a. Complete the MPS time-phased record for product P24. b. Can Murphy accept the following orders? Update the MPS time-phased record for accepted orders. Order 1234 4 Amount 40 30 30 25 Desired Week 4 6 2 3
- Arizona Instruments produces bar code scannersfor consumers and other manufacturers on aproduce to stock basis. The production planneris developing an MPS for scanners for the next12 weeks.The product is built in a fixedorder quantityof 125 units, and there are 110 units in beginninginventory. The demand forecasts for the next 12weeks, including customer orders promised tocustomers for delivery in that time period, isshown on the shown on the next slide. Customer Orders Forecast Demand Period 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 50 50 50 50 75 75 75 75 50 50 50 50 Customer order 35 25 25 20 0 15 0 0 10 0 0 10 Determine the MPS and Available to Promise (ATP)6) APP Transportation (No Backorders Permitted) 1) Solve for the Production Plan. What is the value of A? Group of answer choices a) 0 b) 100 c) 500 d) 200 e) 300 f) 400 7) 2) What is the total cost for all units produced during the 1st time period? Group of answer choices a) $51,600 b) $40,900 c) $36,100 d) $72,100 e) $36,500 f) $21,000As the production planner for Xiangling Hu Products, Inc., you have been given a bill of material for a bracket that is made up of a base, 2 springs, and 4 clamps. The base is assembled from 2 clamps and 1 housing. Each clamp has 1handle and 1 casting. Each housing has 2 bearings and 2 shafts. There is no inventory on hand. c) Compute the net quantities needed if there are 25 of the base and 100 of the clamp in stock. Base: units (enter your response as a whole number). Spring: units Clamp: units Housing: units Handle units Casting: units Bearing: units Shaft: units