Factor Traditional Lean Inventory Deliveries Lot sizes Setups, runs Vendors Workers Much, to offset forecast errors, late deliveries Few, large Large Few, long runs Long-term relationships are unusual Necessary to do the work Minimal necessary to operate Many, small Small Many, short runs Partners Assets
Q: What is the lean synchronisation principle?
A: The lean principle that aims at delivering the order at exact time when the customer wants, at exact…
Q: Why is ordering in small lot sizes essential for Just-in-Time implementation, and what benefits are…
A: Just-in-time is a lean production practice where the goods and materials needed for a production…
Q: Can a supply chain become too lean? Explain your answer—using examples if possible.
A: yes,in the supply chain, lean can become too lean when the implementation of the same is not done to…
Q: Lou’s Bakery has established that JIT should be used for chocolate chips due to the high probability…
A: ANSWER IS AS BELOW:
Q: Annual demand is 3000 units. Lead time is 4/5 day. Safety stock is 4/3 day. Kanban size is 90 units.…
A: Daily demand (d) = 3000 units Lead time (L) = 4/5 days = 0.8 days Safety stock= 4/3 days=1.33 days…
Q: w does these com
A: During the process of lean manufacturing, waste may come from a number of different sources.…
Q: Lead time to deliver order to customer is shortest in OaMake-to-order Ob.…
A: Production is the process of developing finished products using raw materials and resources for the…
Q: Given the following information about a product atMichael Gibson’s firm, what is the appropriate…
A: Data available Annual Demand (D) =39,000 units Daily Demand (Q) = 150 units Daily production (p)…
Q: Electronics, Inc., in Nashv ces sn runs of custom ain ve scanners for the defense industry. You have…
A: In a manufacturing process, a kanban system is a form of inventory control that uses cards or tags…
Q: Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the…
A: Let Desired Lot size be Q Let Holding Cost be H Let Annual Demand be D Let Daily Demand be d Let…
Q: In the past, most consumer goods were made by individual craftsmen and were produced only when an…
A: Inventory management is nothing but the approach of placing orders, stocking or storing, utilizing…
Q: Outline considerations for successful conversion from a traditional system to a lean system.
A: A lean system is described as a business unit or a business that entirely applies the principles of…
Q: In some JIT systems, marked spaces on a table or the l oor identify where material should be stored.…
A: In some JIT systems, the spaces are marked on a table or on the floor where the material should be…
Q: A company has an annual demand for a product of 2000 units, a carrying cost of $20 per unit per…
A:
Q: How are the kanban system and the reorder point systemsimilar? How are they different?
A: Kanban is a lean strategy to oversee and improve work across human frameworks. This methodology…
Q: monthly demand is 720 units . lead time is 4/7 days. safety stock is 4/5 weeks . kanban size is 90…
A: Given Data monthly demand =720 units lead time is = 4 Days safety stock = 4 weeks kanban size = 90…
Q: operations and constantly keeping their service level at 94%. Find the size of Kanban and reorder…
A: THE ANSWER IS AS BELOW:
Q: ABC Corporation recently decided to switch to just-in-time (JIT) inventory system. At the beginning…
A: Just in time technique is a production technique used by the manufacturing organization. This…
Q: Hartley Electronics, Inc., in Nashville, producesshort runs of custom airwave scanners for the…
A: Given D=1000 connections L=2 days S=0.5 days (500 connections) C=500 connections
Q: inventory turnover
A: What is the set up time? Set up time can be characterized as the measure of time taken to change a…
Q: Why do large-lot sizes not work well with pull systems?
A: Pull system in supply chain management and operations management is known as lean manufacturing or…
Q: Project Management, and Inventory Management? How they are applied to the real world?
A: Unified process management (UPM) explains how an organization organizes, prioritizes, controls, and…
Q: What is muda & what are the types of waste in lean manufacturing? Q): What is zero base inventory,…
A: Ans1) Muda is a well known Japanese term. It means wasteful or waste. There are basically 8 muda…
Q: Why are small-lot sizes not as effective in a push system?
A: Push system - system for moving work where output is pushed to the next station as it is completed.…
Q: Just-in-time has been characterized as a system whose primary goal is to eliminate waste. Discuss…
A: The main objective of the Just-in-time method is to eliminate waste. JIT system aims at structured…
Q: Which of the following does not belong to the seven sources of waste?a. Reworkb. Overtimec.…
A: Lean is a technique used to minimize waste without losing efficiency in a production system. In…
Q: Which of the following are related to lean production? A. A philosophy of waste elimination B. Lean…
A: Production is the process that combines the different inputs to make the consumable product for the…
Q: Why would a lean production manufacturer schedule 7 hours of work in an 8-hour shift?
A: Lean production is focused on minimizing waste during the production process. It's objective to…
Q: Suppose that a lean work center is being operated with a lot size of 50 units. Assume that 200 parts…
A: A. Numbers of Kanban containers essential = (Demand*Lead Time)/(Lot Size) = 200*3/50 = 12. B. The…
Q: Steps in Cycle of Continuous Improvement for JIT Inventory
A: JIT inventory management guarantees that stock arrives just when it is required for production or to…
Q: Meritor hires a team of consultants. The consultants suggest a partial robotic automation, as well…
A: THE ANSWER IS AS BELOW:
Q: Tej Dhakar's company wants to establish kanbans to feed a newly established work cell. The…
A: Production leveling or production smoothing is a part of the lean production system. In other words,…
Q: Understand kanban systems for creating a production schedule in a lean system.
A: Kanban is workflow management system focused on seamless availability of spares/consumables for…
Q: Given the following information a bout a product atMichael Gibson's firm, what is the appropriate…
A: Following information is given: Annual demand = 39,000 unitsDaily demand = 150 unitsDaily production…
Q: Just-in-time (JIT) does NOT include which one of the following? a. Lean manufacturing b. Batch sizes…
A: Manufacturing is one of the important work done by the companies for producing products. There are…
Q: It takes Aaron 15 minutes to produce 10 widgets to fill acontainer and 5 minutes to transport the…
A:
Q: Industry 4.0's technologies are improving the implementation of Lean principles, depending on their…
A: The future of inventory is going to be flooded with refreshes in innovation. From computer-generated…
Q: Visit a repetitive manufacturing facility in your area. What are the major causes of inventory? Be…
A: The major causes of inventory with an automotive manufacturer is that there are some sort of…
Q: A regional manufacturer of table lamps plans on using a manual kanban information system. On average…
A: The maximum level of WIP can be calculated as follows:
Q: Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the fo…
A: Given data Annual demand (D) = 30,500 units Daily demand (d) = 100 units Daily production (P) =…
Q: snip
A: Keeping a lean environment involves the elimination of all non-value added activities and…
Q: Business model examples on Lean Canvas Model
A: Lean canvas model is a business model used by the entrepreneurs and business leaders for preparing…
Q: Why can the lot sizes and stocks be lowered in a lean production system
A: The Master Production Appointment can be defined as a plan for a product that includes all types of…
Some key elements of production systems are listed in Table Explain briefly how lean systems differ from traditional production systems for each of those elements.
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?On Week a) Item: P24 hand 1 2 3 4 5 6 7 8 Forecast 30 30 30 40 40 40 45 45 Customer Orders 13 8 4 PAB 20 Available to Promise MPS b) Determine if each customer order will be accepted. Order Amount Week Accept (Y/N) 1 40 2 30 3 4 30 25 462M 3 Update the MPS time-phased record for accepted orders. Item: P24 Forecast Customer Orders Problem 3: The MPS planner at Murphy Motors uses MPS time-phased records for planning end-item production. 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. a) Complete the MPS time-phased record for product P24. Use the table on the left. b) Determine if Murphy Motors can accept each of the following customer orders. Update the MPS time- phased record for accepted orders. Order 1234 Amount 40 Desired Week 4 30 30 25 623 8 4 On Week hand 1 2 3 4 5 6 30 30 30 40 40 40 74 45 45 PAB 20 Available to Promise MPS On hand = 20
- How do you lllustrate Kibbles and Bit’s forecasted revenue and expenses for the next 3 years?Gargash Car Service have repaired the following number of cars from January to May. Month Number of cars sold January 120 February 123 March 145 April 141 May 138 A. Calculate the three-period moving average forecast for the month of June. Show your work.8. Given the historical data and weights of 0.42, 0.33, and 0.25, calculate three-period weighted moving average forecast for June? Show your work.C. Calculate the naive forecast for June. Show your work.D. Would you prefer any of these forecasts above the other? Justify your answer.E. Suppose that the June's actual sales is 5 percent lower than May's sales. What will the error of your(preferred) forecast?Explain how flexibility in productions system relates to the forecast horizon and forecast accuracy?
- Problem 4- do both a three period moving average and an exponential smoothing forecast with an alpha of .2. Calculate the MAD and MPE for each. Months Actuals 1 400 2. 350 3 325 4. 300 300 6. 285 7. 290Given below are the demands of a certain product over the past 10 weeks. Week | 1 2 3 4 | 5 67|89 | 10 Demand 50 64 66 68 67 63 69 67 65 66 (a) Forecast the demand for the 13th week using the following techniques: i. 3- week weighted moving average with weights 0.2, 0.3, and 0.5 ii. Exponential smoothing with a smoothing constant equal to 0.85 ii. Adjusted exponential smoothing with a smoothing constant equal to 0.85 and smoothing constant for trend equal to 0.65 (b) Compute for the accuracy of each model using the mean squared error. Based on the computed MSE, what is the best forecasting technique for this time series?PROBLEM 2:The manager of a large manufacturer of industrial pumps prepare forecasts for a six- month period. Month Demand Forecast 1 492 488 2 470 484 3 485 480 4 493 490 5 498 497 6 492 493 Required: Compute for the MAD, MSE, and MAPE.
- 1. Develop an aggregate plan for the following forecast Period 3 4 5 6 7 Total 1 2 8 Forecast 190 230 260 280 210 170 160 260 180 1,940 There are 20 workers who can produce 10 units per period at a cost of P6.00 per unit. There is no beginning invetory and the cost of carrying inventory is P5.00 per unit per period. Backlog cost is P10.00 per unit per period. Will the present workforce able to produce the forecast? b. What is the total cost of the plan? a.Exercise Torecast CIT ▷ Complete the table Month 1 2 3 4 5 6 Forecast demand 700 760 780 790 850 950 Actual demand 660 840 750 835 910 890 ▷ What is MAD? MAPE? TS? Deviation RSFE (Cumulative sum of forecast errors) MAD (Mean absolute deviation) APE (absolute % error) +Show solutions. 1. If actual recent demand was 41.5, using the focus forecasting approach, the forecast technique to use for next period is __ The technique and its forecast are as follows: Weighted moving average 40Moving average 43Exponential smoothing 41 2. LMN Company actual sales for january was 1588 units, but was forecast at 1599. The forecast error is __ units. 3. The 4-period moving average forecast for period 6 is __ Period Demand1 402 403 434 415 42