Explain how will you account for any wastage, Operation Management

Assignment Help:

You are the branch operations manager for a leading manufacturing company. The following are the bill of materials (BOM), Master Production Schedule, and Inventory Record Sheet for one of your products.â€

BOM Product: Travel Coffee Cup Item Quantity Required Rubber coaster 1 Handle 1 Insulated insert 1 Exterior cup form 1 Lid 1
Master Production Schedule Travel Coffee Cup Week 1 2 3 4 5 6 600 550 700 475 500 800
Inventory Record Sheet Item On-Hand Balance Lead Time (in weeks) Rubber coaster 75 4 Handle 200 3 Insulated insert 150 7 Exterior cup form 250 1 Lid 100 6

Perform an analysis to determine the appropriate quantities of materials to be ordered or made and the lead time phasing to:
Ensure that appropriate quantities of materials are ordered at the appropriate time. Ensure the availability of the materials on hand for production.

Create a report to present the results to your area head. Your analysis should include the following:

What quantity do you recommend? Why? How did you arrive at the appropriate quantity of materials to be ordered or made? What measures do you suggest to ensure that appropriate quantities are ordered at a particular time? How will your measures ensure the availability of the materials on hand for production? How will you account for any wastage? If the demand for a product increases suddenly, how will you account for the sudden need of materials?


Related Discussions:- Explain how will you account for any wastage

Explain how stance on social responsibility, Q1. Should an organization alw...

Q1. Should an organization always adopt a broad stance on social responsibility? Explain how you agree or disagree with this question and why you have this perspective. Q2. What

Straighten(seiton)&sustion(shitsuke), explain and give for examples hotels ...

explain and give for examples hotels services...how them service ?

Why expected profit to be positive, A job shop receives an order for high p...

A job shop receives an order for high precision formed parts. The cost of producing each part is approximately $20,000. The customer requires that either 4 or 5 good parts be suppl

Explain increase the objective function value which is good, Could someone ...

Could someone please explain how the objective function value would change when the right hand side value changes? For maximization questions: For a positive shadow price, an incre

What are the advantages as well disadvantages of financing, What are the ad...

What are the advantages and disadvantages of financing via the internet?

Explain dual chains of command can create more problems, Some people argue ...

Some people argue that the matrix structure should be adopted only as a last resort because the dual chains of command can create more problems than they solve. Discuss. Do you agr

Explain the rop that will provide a risk of stockout, Given this informatio...

Given this information Expected demand during lead time = 300 units Standard deviation of lead time demand = 30 units Determine each of the following, assuming that lead t

Identify issues management wants to address, Identify issues management nee...

Identify issues management needs to address. Analyze and evaluate the issues identified and a set of actions management should take to address the issues identified.

Explain what other kinds of information would be helpful, A pension fund ha...

A pension fund has accumulated $1 million in a retirement plan for James B. Smith, who retired this month at age 65. If Mr. Smith has a life expectancy of 75 years, what is the min

Write Your Message!

Captcha
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