Compute the monthly production and ending inventory

Assignment Help Supply Chain Management
Reference no: EM13826573

1, Given the following production plan, use a (a) chase production strategy and (b) level production strategy to compute the monthly production, ending inventory/(backlog) and workforce levels. A worker is capable of producing 100 units per month. Assume the beginning inventory as of January is zero, and the firm desires to have zero inventory at the end of June.

Month Jan Feb Mar Apr May Jun
Demand 2000 3000 5000 6000 6000 2000
Production





Ending Inventory





Workforce





2. Given the following production plan, use a (a) chase production strategy and (b) level production strategy to compute the monthly production, ending inventory/(backlog) and workforce levels. A worker can produce 50 units per month. Assume that the beginning inventory in January is 500 units, and the firm desires to have 200 of inventory at the end of June.

Month Jan Feb Mar Apr May Jun
Demand 2000 3000 5000 6000 6000 2000
Production





Ending Inventory





Workforce





3. The owner of the chocolate outlet store wants to forecast chocolate demand. Demand for the preceding four years is shown in the following table:

Year  Demand (pounds)
1 68800
2 71000
3 75500
4 71200

Forecast demand for Year 5 using the following approaches: (1) a three-year moving average; (2) a three-year weighted moving average using, 40 far Year 4, .20 for Year 3 and 40 for Year 2; (3) exponential smoothing with a = .30, and assuming the forecast for Period 1 = 68,000.

4. Forecasts generated by two forecasting methods and actual sales are as follows:

Month Sales Forecast 1 Forecast 2
1 269 275 268
2 289 266 287
3 294 290 292
4 278 284 298
5 268 270 274
6 269 268 270
7 260 261 259
8 275 271 275

Compute the MSE, the MAD, the MAPE, the RSFE and the tracking signal for each forecasting method. Which method is better? Why?

Reference no: EM13826573

Provides a random sample of the unit values

1.Southern Markets, Inc., is considering the use of ABC analysis to focus on the most critical SKUs in its inventory. Currently, there are approximately 20,000 different SKUs

Use of new open source packages such as a crm

How these changes can be supported by the use of new Open Source packages such as a CRM or ERP system. You are not required to suggest a specific package - Discuss the chang

Sequential operations-what is unit cost for acceptable part

In the production of a part for a printer, four sequential operations are involved. Unit processing costs for the operations are $10, $6, $15, and $20, respectively. If no ins

Evaluate companys supply chain performance effectiveness

From the e-Activity, choose a company that sells a service or a product. Evaluate its supply chain performance effectiveness in terms of responsiveness, technology, and cust

Develop an understanding of the supply chain

You will develop an understanding of the supply chain. You will provide your assessment of a supply chain in the form of an evaluation. This assignment is the second of the

Analysing the supply chain of the telecom company

This project is about analysing the supply chain of the Telecom company, The company takes SIM cards from the various network providers worldwide and then distribute to the p

Explore the resources and capabilitiestopic area

You need to explore the Resources and Capabilitiestopic area discussing theoretical concepts within the area and look at how Canon's strategy can be understood by drawing on

What would be your observation and action plan

If the DOS = 30 days for both plants, what would be your observation and action plan? If the DOS = 80 days for both plants, would your observation and action plan be different

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd