Complete the MRP record for a bicycle frame using sizing strategy. Repeat using a fixed order quantity of 125 frames. Compare and contrast the results. What are the benefits and drawbacks to each approach? (Leave no cells blank - be certain "0" wherever required.) pictureClick here for the Excel Data File MRP Record Lead time2 week On hand-0 Safety stock-0 Order quantity: L4L Gross requirements Scheduled receipts Available inventory Net requirements Planned order receipts Planned order releases Week 1 70 70 Week 2 75 75 Week 3 Part Name: Bicycle frame 105 0 Week 4 105 0 Week 5 84 0 Week 6 85 0 Week 7 95 0 Week 8 105 0

Complete the MRP record for a bicycle frame using sizing strategy. Repeat using a fixed order quantity of 125 frames. Compare and contrast the results. What are the benefits and drawbacks to each approach? (Leave no cells blank - be certain "0" wherever required.) pictureClick here for the Excel Data File MRP Record Lead time2 week On hand-0 Safety stock-0 Order quantity: L4L Gross requirements Scheduled receipts Available inventory Net requirements Planned order receipts Planned order releases Week 1 70 70 Week 2 75 75 Week 3 Part Name: Bicycle frame 105 0 Week 4 105 0 Week 5 84 0 Week 6 85 0 Week 7 95 0 Week 8 105 0

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

Cycle counting is conducted more frequently for C items since they are less costly and easy to count > true or false?
MRP systems are: a. Intended to be used for independent demand items b. Intended to reduce inventory requirements, production lead times, and delivery times to customers c. Intended to determine an appropriate master production schedule d. Appropriate for all end items in the product line e. Substitutes for fixed order point/order quantity systems
m/mod/quiz/attempt.php?attempt=1600595&cmid%3D8135818&page=D14 stem (Academic) ons Management || fall20 is NOT among the function of inventories? Select one: O a. To permit operations O b. To manage facility layout Oc To decouple operations O d. None of the choices listed O e. To take advantage of order cycles age
Consider the following information. PART X Gross Requirements Scheduled Receipts Projected On-Hand Inventory 100 Q = 60, LT= 3 weeks, Safety Stock = 5 1 70 70 PART X Gross Requirements Scheduled Receipts Projected On-Hand Inventory 100 Planned Order Releases 1 70 70 100 2 0 > X WEEK 3 40 Compute the planned order releases and projected on-hand inventory for component part X. Round your answers to the nearest whole number. If your answer is zero, enter "0". 2 0 4 0 100 WEEK 3 40 5 160 60 4 0 40 0 X 5 160 Check My Work -60 0
Which of the following lot-sizing techniques is likely to prove the most complex to use? ○ A. periodic order quantity (POQ) B. lot-for-lot C. economic order quantity (EOQ) D. Wagner-Whitin
ABC, Inc., produces a line of touring bicycles. Specifically, what are the four typesof inventories (raw materials, components, work-in-process, and finished goods)that would arise in the production of this item?
Instruction: Answer what is being required. You may compute them manually or use the Excel QM.Pencil number 2 at the campus book-store are sold at a fairly steady rate of $60 per week. It cost the bookstore $12 to initiate an order to its supplier and holding costs are $0.005 per pencil per year.Determine◦ What is the optimal number of pencils for the bookstore to purchase to minimize total annual inventory cost?◦ How many Number of orders per year?◦What is the The length of each order cycle?◦ How much is the Annual holding cost?◦ How much is the Annual ordering cost? ◦ What is the total annual inventory cost?If the order lead time is 4 months, determine the reorder point.Please Illustrate the inventory profile graphically.What additional cost would the book-store incur if it orders in batches of 1000?
This is in fact a production or operations scheduling system and not an inventory control system. It eliminates the holding of inventory and is based on requiring suppliers to deliver materials of the right quality to the business on the day they are needed and where they are needed.(1) Cyclical‐ordering system.(2) Materials‐requirements planning.(3) Just in time.(4) System of fixed‐order quantities.(5) Quick response system.
Newpaper sales data suggest that 20% of the days, 80 papers are sold; 40% of the days, 90 papers are sold; and the remaining days, 100 papers are sold. Given the vendor plans to stock 90 each day, what approx. expected CSL is the vendor targeting? 60% 36% 57% 65%
NEED ALL THREE QUESTIONS Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2,700 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $9 per unit of average inventory. Every time an order is placed for more item X, it costs $6. a. Whenever item X is ordered, what should the order size be? (Round your answer to the nearest whole number.) b. What is the annual cost for ordering item X? (Round your answer to 2 decimal places.) c. What is the annual cost for storing item X? (Round your answer to 2 decimal places.)
6. The demand for a particular part called SKU 005 is 1,500 units a year. The cost of one SKU 005 is $40.00. It costs $50.00 to place an order for SKU 005, and the user of SKU 005 has a per year inventory carrying cost of 25% of unit cost. Assume 250 working days in the year where SKU 005 is used. (Noteshaper: Scenario #26) а. What is the combined annual holding and ordering cost of an order size of 200 units for SKU 005? b. How many of SKU 005 should be ordered, to minimize combined ordering and holding costs? c. The vendor who sells SKU 005 has just offered a 5% discount for orders of 500 or more. Now how many should be ordered? d. Once the purchasing manager for SKU 005 places an order, the vendor requires 7 working days to deliver that order. What should be the purchasing manager's reorder point?
dt = demand Kt = ordering cost Ct = cost per item ht = holding cost per item per unit time