Analyze the trade-off between overtime costs and inventory

Assignment Help Operation Management
Reference no: EM13742292 , Length: 3300 words

Space Age Furniture Company

Read "Space Age Furniture Company" in Chapter 9 of your text. Respond to the following and include any Materials Requirement Planning (MRP) calculations:

a. Develop an MRP for Space Age Furniture Company using the information in the case including the production of sub-assemblies in lot sizes of 1,000.

b. The lot size of 1,000 for sub-assemblies has produced a lumpy demand for part 3079. Suggest ways for improvements over sub-assemblies in lot sizes of 1,000.

c. Analyze the trade-off between overtime costs and inventory costs.

d. Calculate a new MRP that improves the base MRP.

e. Compare and contrast the types of production processing-job shop, batch, repetitive, or continuous-and determine which the primary mode of operation is and why.

f. Describe ways that management can keep track of job status and location during production.

g. Recommend any changes that might be beneficial to the company and/or add value for the customer.x

Reference no: EM13742292

Questions Cloud

Explain how cdks regulate cell division : Explain how CDKs regulate cell division, Explain the role of transposable elements in eukaryotes. Using the following DNA template strand sequence, answer the What is the mRNA sequence
Create a corporate policy designed to minimize inventory : Create a corporate policy designed to minimize inventory shrinkage related to theft, stocking errors, shipping errors, etc., indicating how the policy will be enforced and procedures that may need to be implemented.
Investigate and evaluate the current leadership strategy : Research into a company that you have chosen to analyse, outline, investigate and evaluate the current leadership strategy that the company is using to achieve its key strategic goals.
Controlling and managing information : Examine three (3) tools, methods, or techniques that your organization or a company with which you are familiar uses to manage and share communications.
Analyze the trade-off between overtime costs and inventory : Analyze the trade-off between overtime costs and inventory costs. Space Age Furniture Company
Manufacturing operations and planning : Discuss one to two (1-2) benefits of the planning stage for managers. Next, describe your planning process at work or school. Your response should include how you know when you need to develop a plan
Write an essay on the pere du halde : Write an essay on the Pere du Halde: Teaching Science to the Manchu Emperor, c. 1680. What type of document is this? Who is the intended audience of the document? What are the main points of the document?
What is the function of amylase : What were your controls for this experiment? What did they demonstrate? Why was saliva included in this experiment? What is the function of amylase? What does amylase do to starch
The tree trimming project case : Read through the Tree Trimming Project case. This case refers to the earned value (EV) of the owner, Will Fence's Tree Trimming business. Will briefly describes his techniques for EV. Based on the description provided in the case, is Will using EV

Reviews

Write a Review

Operation Management Questions & Answers

  Explain how many people never see that two mars bar

By way, this is explain how credit cards work y give you money today also you give m back A LOT MORE tomorrow. So, isn't it amazing explain how many people never see that 2 Mars Bar tomorrow is better than 1 today.

  External sales and inter-divisional transfers

Your sales and costs figures should be split into external sales and inter-divisional transfers, where appropriate

  Calculate the eoq and the total annual cost

Calculate the annual holding cost plus the annual ordering cost to get the total annual cost when using an order quantity of 200 boxes. Calculate the EOQ and the total annual cost for this order quantity

  Finding any healthcare organization

finding any healthcare organization, select a process management such as hospital admissions process, order fulfillment process, claims process, school admissions process, hiring process, capital procurement process or any work process in an existing..

  How the principles of servant leadership are evident

While servant leadership is often associated with Christianity and the Bible, one could argue it is compatible with most religions and philosophies and that it transcends cultures. This assignment presents you with an opportunity to explore other ..

  Perform a decision tree analysis of this problem

Mountain States Electric Service is an electrical utility company serving several states in the Rocky Mountains region. It is considering replacing some of its equipment at a generating substation and is attempting to decide whether it should repl..

  Describe how their global business competitiveness

every country around the globe is competing for investments by multinational companies. however before investing in a

  What potential obstacles do you face in establishing urgency

What potential obstacles do you face in establishing urgency for change within your organization? How might you circumvent these obstacles?

  External competitiveness from policies on internal alignment

Distinguish policies on external competitiveness from policies on internal alignment. Why is external competitiveness so important? What factors shape an organization's external competitiveness?

  Analyze two of the four consequences of behavior

Analyze two of the four consequences of behavior, and illustrate an incidence where a combination of those two would occur together.

  Assignment on supply chain design- learning team reflection

Assignment on Supply Chain Design- Learning Team Reflection, What is the chase strategy, Identify 2-3 companies that might use the chase strategy

  Discuss ways to minimize the likelihood of discrimination

Based on your reading of the major EEO laws, discuss ways to minimize the likelihood of discrimination and maximize the benefits of diversity in the workplace.

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