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John Jacobs recently invented a new storm proof umbrella with an aerodynamic design that will withstand winds of 60 mph. The umbrella scheduled to be featured in 5 weeks on Good Morning America’s hot products and he expects sales to remain strong for several weeks afterward. John is very excited about this opportunity and wants to make sure that he has enough product ready for the promotion. He has worked with his advertiser and produced the expected weekly demand for the next 12 weeks below. Each umbrella requires 1 canopy, 1 handle rods, and 2 spring sets. The ordering specifics for each are as follows: • Final Product (Umbrella) – Lead Time 1 week, Lot for Lot, Initial Inventory =100. Requires 1 Canopy , 1 Rod, and 2 Springs • Canopy – Lead Time 4 weeks, Fixed Order Quantity of 100, Safety Stock of 50, Initial Inventory = 500 • Rod – Lead Time 2 weeks, Lot for Lot, Safety Stock of 200, Initial Inventory = 300 • Springs – Lead Time 1 week, Fixed Order Period of 2 weeks, Initial Inventory = 1000 Generate the MRP for the Final Product, Canopy, Rod, and Springs given the following demand for the umbrellas. Denote any expedited orders with an * by them. Week 0 1 2 3 4 5 6 7 8 9 10 11 12 Demand 50 75 100 150 2000 1200 850 800 700 750 600 550
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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