MOS 3330 Test 2 Review Problems & Solutions
|
|
- Bartholomew Mills
- 7 years ago
- Views:
Transcription
1 MOS 3330 Test 2 Review Problems & Solutions General Information Test date, time, location: See the course outline See also the course web site: dan.uwo.ca/courses/3330 Test time conflict (due to having a Wed. evening class) must report to the instructor no later than one week before the test date Exam conflict consists of having 3 exams within 23 hours Missing the test check the course web site for instruction Test coverage: The coverage is based on the lecture notes, not the textbook. o Aggregate Planning o MRP (including Scheduling) o ERP (including Project Management) Test 2 is not cumulative of Test 1 materials. Test structure: Test 2 is worth 25% of your course grade Test 2 = total 65 marks o Question 1 Computational, 2 parts, total 16 marks o Question 2 Short answers, 1 question (conceptual, no calculation), total 9 marks o Question 3 Multiple choice, 40 questions (concepts and simple calculations), 1 mark each, total 40 marks o Formula sheet provided on the last page of the test (the sheet is the same from Test 1) Don t forget to bring to test: Student ID Non-programmable calculator Pencils for multiple choice scantron sheet (also a good idea for doing aggregate plan tables) No cell phones on person or on desk during the test No personal scrap paper 1
2 A. Computational General Tips Recommended steps for how to prepare for computational questions in Test 2: 1. Review computational examples in the lecture notes. Familiarize yourself with typical input data for an aggregate plan. Familiarize yourself with the format of the aggregate plan table as shown in the lecture notes (you don t have to memorize the column headings because they will be provided in the test). Understand how to calculate columns of the aggregate plan table and the total cost. Understand the aggregate plan examples shown in the lecture notes (Examples 1a- 1d & 2a-2d) Understand the differences among level, chase, and hybrid approaches; for Test 2, you have to determine which one to use based on the description of the plan given in the test question. 2. Download the formula sheet from the course web site. Test 2 covers the middle ¹ ₃ of the formula sheet. Recall that symbols are not defined on the formula sheet; you should know what they stand for. 3. Study questions from the old exams. See A1 this is not a mistake; for Test 2, you should do the questions from the old exams (A1) before the textbook questions (A2). 4. Study end-of-chapter problems in the textbook. See A2. The textbook questions may be confusing because they sometimes refer to hybrid cases as level or chase ; also, their solutions sometimes include additional improvement, which was not specified in the question. If you get stuck with a textbook question, check the solution right away and learn from it. Rounding Reminder For a physical quantity (e.g., order quantity), the final answer should be an integer. For a dollar amount, the final answer should have two decimal points. 2
3 A1. Computational Questions from Old Exams 1. Wetski currently maintains a steady production level at the average demand all year around and does not hire or fire workers. Fill all blank spaces in the following table so that it represents an aggregate production plan based on Wetski s current production and hiring policy. What is the total cost of this plan? Regular production cost = $55 per unit rate = 750 units/worker/quarter Overtime production cost = $82 per unit Holding cost = $4 per unit per quarter Subcontracting cost = $77 per unit Backorder cost = $80 per unit per quarter Opening workforce level = 11 Hiring cost = $140 per worker Overtime capacity = 2500 units per quarter Firing cost = $550 per worker Subcontracting capacity = 1000 units per quarter Opening inventory = 0 Quarter Demand (units) Fall 3700 Winter 4600 Spring Summer Total Prod. Workforce Inventory Regular Prod. Overtime Prod. Subcontract Hiring Firing 2. University Press publishes textbooks for the academic market. The relevant cost and printing equipment-related capacity information are given below. Regular production cost = $20 per book Regular production max. capacity = books per quarter Overtime production cost = $30 per book Overtime production max. capacity = 5000 books per quarter Subcontracting cost = $35 per book Beginning inventory = 0 Holding cost = $2 per book a) Fill all blank spaces in the following table so that it represents an aggregate production plan using a pure level approach with average demand. What is the total cost of the initial plan? Quarter Demand Total Workforce Inventory Regular Overtime Subcontract Hire Fire b) Fill all blank spaces in the following table so that it represents an aggregate production plan using a pure chase approach. For this question, we will ignore workforce-related costs since the cost information is not provided. What is the total cost of the plan? Compared to the level approach in part a), which approach seems better? Justify your answer briefly. Quarter Demand Total Workforce Inventory Regular Overtime Subcontract Hire Fire 3
4 c) Based on parts a) and b), develop an improved aggregate production plan in terms of the total cost. The plan may deviate from a pure level or a pure chase approach. Assume that no other information or objective will be considered. Provide the total cost of the improved plan and explain briefly how you came up with your improved plan. Quarter Demand Total Workforce Inventory Regular Overtime Subcontract Hire Fire A2. Textbook Computational Problems Topic Aggregate Planning Suggested textbook end-of-chapter problems For #1-7: (1) Convert per hour to per unit : regular-time labor cost per hour labor standard per unit = regular-time labor cost per unit = 10 6 = $60 (2) Convert overtime labor cost per hour to overtime labor cost per unit in the same manner = 15 6 = $90 (3) Convert time available to production rate : regular time available per period labor standard per unit = production rate/worker/period = = (4) Convert overtime available per period to production rate/worker/period in the same manner = 32 6 = 5.33 FOR ALL QUESTIONS, USE THE SAME TABLE FORMAT & COLUMN HEADINGS AS THE LECTURE NOTES: Resource Planning (MRP) #1 #2 (a) The textbook solution is based on the max of cumulative demand, but this question, as it reads, can actually be done in two ways: the highest demand or the max of cumulative average; in the test, either a question has enough information so that it is not ambiguous or it will accept multiple answers if ambiguous; (b) the question refers to this plan as level but it is hybrid/modified because part (b) suggests hiring of 18 employees. #3 #4 #6 #7 The textbook solution contains some errors; see the alternative solution provided in this review document #8 #9 Use the workforce calculated in 8) as the opening workforce; the textbook solution contains some errors; see the alternative solution provided in this review document #11 The textbook solution contains some errors; see the alternative solution provided in this review document #12 The textbook solution contains some errors; see the alternative solution provided in this review document #1 #2 #3 #4 Scheduling #5 #7 #8 4
5 B. Multiple Choice General Tips Recommended steps for how to prepare for multiple choice questions in Test 2: 1. Focus on the lecture notes. All multiple choice questions are based on the lecture notes. Be able to define/explain all terms and concepts contained in the lecture notes. If you are not sure about a term or concept, make a note of that and look it up in the textbook later (see Step 2). 2. Read the textbook chapters that correspond to the test coverage. DO NOT read the textbook unless you are clear about what is in the lecture notes. Take notes only on the materials covered in the lecture notes. Take notes on terms/concepts that you were not sure about in the lecture notes. Read quickly through the terms/concepts that are not in the lecture notes (don t take any notes). 3. Study questions from the old exams. See B1 below. B1. Multiple Choice Questions from Old Exams 1) The active strategy in aggregate production planning a. is developed for product families rather than individual products b. changes workforce levels so that production capacity meets demand c. maintains resources for high demand levels d. produces products with counter-cyclic demands 2) Which of the following is true concerning aggregate production planning? a. When a firm wants to minimize inventory investment, a level production strategy is best. b. When a firm wants to keep skilled labour, a level production strategy is best. c. When a firm wants to emphasize plant utilization, a chase strategy is best. d. When a firm wants to minimize changes in production, a chase strategy is best. 3) Aggregate production planning a. may be constrained by management policies and labour agreements b. assumes a planning horizon of 2 years and longer c. assumes that facilities, products, and processes may change during the planning period d. deals with one product at a time 4) The best way to manage fluctuating demand when using a level production strategy is to a. hire part-time workers b. hire or fire full-time workers c. increase inventory d. backorder 5) Which of the following best describes the chase approach? a. always lagging behind demand b. Constant production capacity c. Inventory minimization policy d. Stable labour management cost 5
6 6) Capacity lag strategy a. may lose some customers b. may attract some customers from competitors c. takes advantage of economies of scale d. is synonym with the one-step expansion strategy 7) MRP a. requires customer demand as input b. is a simulation tool to determine capacity feasibility c. is designed primarily for repetitive and continuous manufacturing d. is useful to analyze lead time uncertainty 8) A bill of material specifies all of the following except a. lot size and lead time of each component b. how many of each component is needed c. a brief description of each component in the product d. when a component is needed in the assembly process 9) Product A is assembled from 10 units of S1 and 4 units of S2. S1 is made of 3 unit of C1, 6 units of C2, and 2 unit of C3. S2 is made of 5 units of C2 and 7 units of C3. Assume no inventory on hand, products take 1 day to assemble, subassemblies take 2 days, and lead time of components is 4 days. When should an order be released for C3 if the 100 As are needed by day 9? How many C3 should be ordered? a. Order 48 units of C3 on day 2 b. Order 48 units of C3 on day 6 c. Order 4800 units of C3 on day 1 d. Order 4800 units of C3 on day 2 10) Typical ERP modules include a. finance and accounting b. production and materials management c. human resources d. all of the above 11) EDI a. is the exchange of all business documents b. is the exchange of business documents in a standard format c. consolidates purchasing orders from all suppliers d. acts as a centralized agent to coordinate information flows 12) Typically, project teams include individuals a. from other areas in the organization b. selected because of their special skills c. from the functional areas of the project d. all of the above 13) The critical path is used for a. showing the actual progress of different tasks b. managing the project scope c. assessing the impact of a task being late d. showing which task is late 14) Which of the following is a responsibility of the scheduling function of a production system? a. Deciding on which machine a part will be routed for processing b. Assigning workers to operate machines that process the parts c. Determining in what order the parts will be processed d. All of the above 6
7 15) Given the data below, using the SPT heuristic sequencing rule, determine the completion date and tardiness for each job as well as the average completion time and average tardiness for all four jobs. Which of the following statements is true? Job A B C D Processing time (days) Due date (in days) a. Jobs B and D will have no tardiness b. The average completion time is 6.5 c. The tardiness for Job A is 12 days d. The average tardiness is ) What is an information system designed to integrate internal and external members of the supply chain? a. ERP b. MRP c. MPS d. EIS 17) Each A (finished good) requires 1 of component B and 2 of component C. Each B requires 2 of part D and 1 of part E; and each C requires 1 of part D and 1 of part F. If the demand for product A is 30 units, and there are 10 units of B on hand and none of C, how many units of part D will be needed? a. 60 b. 120 c. 100 d ) MPS should not be a. a realistic plan b. a final assembly schedule c. an anticipated build schedule d. all of the above 19) Which of the following is not an ERP enabler? a. EFT b. Shared databases c. EDI d. None of the above 20) Which one of the following is considered a technical issue in ERP implementation? a. Lack of management support b. Inaccurate data c. Expensive software d. Employee resistance 7
8 C. Short Answers General Tips Recommended steps for how to prepare for short answer questions in Test 2: 1. Study the lecture notes. The justification of your answer should be built on the understanding of terms and concepts covered in the lecture notes. Be able to define/explain all terms and concepts contained in the lecture notes. If you study the lecture notes for multiple choice questions, then you are studying for short answers at the same time. 2. Read the textbook chapters that correspond to the test coverage. DO NOT read the textbook unless you are clear about what is in the lecture notes. Take notes only on the materials covered in the lecture notes. Take notes on different examples and alternate explanations. In regard to the terms/concepts that are not in the lecture notes but are in the textbook, reading through them once is recommended because it provides you with a broad perspective, which is helpful for building your justification. 3. Study end-of-chapter discussion questions from the textbook. See C1 below. 4. Study questions from the old exams. See C2 below. A short answer question may be about: Application of a concept to a real-world setting Suitability of a strategy/method/model for a particular organization Choice of strategies/methods/models for a particular organization Improvement suggestions for various operational issues Real-world examples of a concept Do s and Don ts: Do demonstrate the basic understanding of concepts covered in the course. Do provide a sound and comprehensive justification/explanation that fits the context of the question. Do answer the question as directly as possible. Don t include irrelevant ideas. Don t go off at a tangent. Don t repeat/rephrase the same points. 8
9 C1. Textbook Discussion Questions Topic Suggested end-of-chapter discussion questions Aggregate Planning #3, 4, 5, 6, 7, 8, 9, 10, 11 Resource Planning (MRP, ERP) #1, 2, 3, 6, 8, 9, 10, 13, 15 C2. Short Answer Questions from Old Exams 1. ERP implementation requires a great deal of attention to behavioural issues. Describe two behavioural issues and make suggestions for how to deal with those issues. 2. What is the main problem with MRP that requires human intervention? How could the problem be dealt with? 3. Describe how MRP can be used as an analysis tool for the inventory manager. 4. For a restaurant, what would be an example of the active strategy and an example of the reactive strategy? Which of the two strategies is better suited for the Wave Restaurant on UWO campus during the summer time? Justify your answer briefly. 5. Is ERP more advantageous than MRP II? Justify your answer briefly. 9
10 Solutions A1. Computational Questions from Old Exams 1. Quarter Demand (units) Total Prod. Workforce Inventory Regular Prod. Overtime Prod. Subcontract Hiring Firing Fall Winter Spring Summer Note: subcontracting is cheaper than overtime Total cost = (regular production) + (overtime production) + (subcontract) + (inventory) = 55 33, ,900 = 1,815, , , ,600 = $2,804, a) Quarter Demand Total Workforce Inventory Regular Overtime Subcontract Hire Fire Total cost = (regular production) + (overtime production) + (subcontracting) + (inventory) = = $1,830,000 b) Quarter Demand Total Workforce Inventory Regular Overtime Subcontract Hire Fire Total cost = (regular production) + (overtime production) + (subcontracting) + (inventory) = = $1,875,000 The level approach seems better because the chase approach costs more than the level approach even without workforce-related costs. c) In any aggregate plan, there are 3 general components to the total cost: production, inventory, and workforce. Hence, if you want to reduce the total cost, look at the 3 components to see which one can be reduced. 10
11 From part a), we can see that the level approach has zero workforce cost. From part b), we can see that the chase approach has zero workforce cost and zero inventory cost. Hence, if you start with the chase plan, then you can focus only on reducing production cost production cost consists of regular-time + overtime + subcontracting subcontracting is most expensive try to reduce subcontracting cost in the first three quarters of the chase plan (in b) by using cheaper regular and overtime production. Quarter Demand Total Workforce Inventory Regular Overtime Subcontract Hire Fire Total cost = (regular production) + (overtime production) + (subcontracting) + (inventory) = = $1,800,000 A2. Textbook Computational Problems Agg, #1 Appendix A (look for chapter 5 answers) (c) Solution in the lecture note format: Agg, #2 (a) production rate per period = 6080 units (b) 228 employees (c) Solution in the lecture note format: (d) total cost = ( ) + ( ) + (600 18) = $2,263,600 (e) the cost of this plan is $150,000 higher than a level aggregate plan using inventories and back orders; the inventory and hiring costs are also considerably higher than a level aggregate plan using inventories and backorders; however, in terms of customer service, this plan has a high degree of customer service since no orders are placed on back order 11
12 Agg, #3 Agg, #4 Appendix A (look for chapter 5 answers) (a) Solution in the lecture note format: (b) total cost = ( ) + ( ) + ( ) + = $2,223,000 (c) this plan yields no inventory carrying cost since it produces exactly what is needed; the total cost was lower than the level aggregate plan in problem 2; moreover, customer service is high since no backorders are needed; however, from a planning perspective, this plan would be difficult to implement due to the high variability of resources needed each period; moreover, employee morale would tend to be fairly low with such a plan due to lack of job security. Agg, #6 (a) regular-time production units possible in each period given a workforce of 195 = (160 hours/employee/period)/(6 hours/unit) (195 employees) = 5200 units/period (b) Solution in the lecture note format: (c) total cost = ( ) + ( ) + ( ) + ( ) + (450 15)= $2,225,350 (d) this plan provides stable use of resources throughout the production periods; however, periods 3-5 experience backorder costs, and hence, this plan will not provide a high level of customer satisfaction Agg, #7 (a) Solution in the lecture note format: (b) total cost = ( ) + ( ) + ( ) + (20 320) = $2,231,200 (c) this plan provides some backorders but only in period 3; overtime costs are still significant, but this plan fits the existing available overtime hours and should not be too disruptive to operations 12
13 Agg, #8 Agg, #9 Average weekly demand = 43.3 clients; workforce needed = 43.3 (12hrs/client)/(40 hrs/employee) 13 Appendix A (look for chapter 5 answers) (a) Solution in the lecture note format: Note: use the workforce calculated in 8) as the opening workforce (b) TC = ( ) + ( ) + (2000 1) = $196,000 Agg, #11 Appendix A (look for chapter 5 answers) (a) Solution in the lecture note format: (b) TC = ( ) + ( ) + (1200 7) = $108,400 Agg, #12 (a) Solution in the lecture note format: (b) TC = ( ) + ( ) + (500 24) = $94,800 (c) The major flaw of this plan is that demand in period 3 cannot be met. Resource, #1 Appendix A (look for chapter 6 answers) Resource, #2 8 weeks (X-R-Q) Resource, #3 Q = 100, R = = 200, S = = 100, T = = 300, X = = 400, Y = = 200, V = = 300, Z = = 900 Resource, #4 Q = 100, R = = 0, S = 100, T = = 150, X = 0, Y = 0, V = = 150, Z = = 450 Sched, #5 Sched, #7 Sched, #8 Appendix A (look for chapter 7 answers) Appendix A (look for chapter 7 answers) (a) ABCDEF 13
14 (b) make span = 45 days, mean job flow time = ( )/6 = days, average number of jobs in the system = 161/45 = 3.58 jobs, mean job lateness = 16/6 = 2.67 days, mean job tardiness = 47/6 = 7.83 days, maximum tardiness = 30 days B1. Multiple Choice Questions from Old Exams Question Answer 1 d 2 b 3 a 4 c 5 c 6 a 7 d 8 a 9 d 10 d 11 b 12 d 13 c 14 d 15 a 16 a 17 c 18 b 19 d 20 b C1. Textbook Discussion Questions Agg, #3 Lecture notes, Aggregate Planning, slide 3 Agg, #4 A composite product is used when developing the aggregate plan in order to minimize the level of detail in the plan; also, aggregate forecasts are usually more accurate than individual product forecasts Agg, #5 Lecture notes, Aggregate Planning, slide 5 Agg, #6 Lecture notes, Aggregate Planning, slide 4 Agg, #7 Lecture notes, Aggregate Planning, slide 4 Agg, #8 A hybrid aggregate plan uses options from both the level and chase plans Agg, #9 Lecture notes, Aggregate Planning, slide 6 Agg, #10 E.g., we would want to consider the availability of workers based on the unemployment rate; the cost of holding inventory should be determined; we should also determine the impact of backorders on customer satisfaction Agg, #11 Resource, #1 Lecture notes, ERP, slide 7 Resource, #2 Lecture notes, ERP, slide 7 Resource, #3 Lecture notes, ERP, slide 5-7 In services, we cannot use inventory buildup as a way of dealing with peaks in demand 14
15 Resource, #6 Lecture notes, MRP, slide 3 Resource, #8 Lecture notes, MRP, slide 3 Resource, #9 Lecture notes, MRP, slide 4 Resource, #10 Lecture notes, MRP, slide 4 Resource, #13 Companies do capacity requirements planning because the MRP may create a production schedule that exceeds our available capacity Resource, #15 MRP II synchronizes internal functions with a common database C2. Short Answer Questions from Old Exams GUIDELINES only since there is more than one way to answer short answer questions. 1. Examples of behavioural issues: a lack of top management support, a lack of commitment by employees, coordination among different functions, ownership claim problem, etc. Examples of possible solutions: explain what ERP is, what it does, and why it is needed; provide adequate training; increase involvement by all; set up a project team including all functions 2. Main problem with MRP = shortage Solution examples: move some jobs forward, move some jobs backward, produce more ahead of time, purchase more ahead of time 3. Examples: to provide useful information, to determine MPS feasibility, to compare different solutions for dealing with MRP shortage problems 4. Active strategy examples: incentives and promotions, such as 2 for 1 deal and coupons Reactive strategy examples: staff overtime and undertime (being sent home early), hiring/firing During the summer, active strategies may be better for Wave because it is critical to bring in more customers from a non-student population (otherwise, the restaurant may have to be closed for not having enough business) 5. Discuss main differences between MRP II and ERP; based on MRP II and ERP characteristics, explain what kind of companies would benefit from MRP II or ERP 15
AGGREGATE & CAPACITY PLANNING
7 Ir. Haery Sihombing/IP Pensyarah Fakulti Kejuruteraan Pembuatan Universiti Teknologi Malaysia Melaka AGGREGATE & CAPACITY PLANNING Aggregate Planning Determine the resource capacity needed to meet demand
More informationMOS 3330 Test 1 Review Problems & Solutions
MOS 3330 Test 1 Review Problems & Solutions General Information Test date, time, location: See the course outline See also the course web site: dan.uwo.ca/courses/3330 Test time conflict (due to having
More informationPlanning and Scheduling Operations in Dynamic Supply Chain
Planning and Scheduling Operations in Dynamic Supply Chain Sung Joo Bae Assistant Professor Yonsei University 14 1 Supply Chain Management 14 2 Supply Chains Tier 3 Poland USA Canada Australia Malaysia
More informationERP-DOM (Spring 2016) Content
Aggregate Planning Content Business planning Sales and operations planning Different aggregate planning strategies & options for changing demand and/or capacity in aggregate plans Develop aggregate plans,
More informationASPECTS OF AGGREGATE PLANNING. Aggregate planning focuses on intermediate-rang production planning problems.
ASPECTS OF AGGREGATE PLANNING Aggregate planning focuses on intermediate-rang production planning problems. The aggregate production plan states in general terms the total amount of output that is the
More informationTEACHING AGGREGATE PLANNING IN AN OPERATIONS MANAGEMENT COURSE
TEACHING AGGREGATE PLANNING IN AN OPERATIONS MANAGEMENT COURSE Johnny C. Ho, Turner College of Business, Columbus State University, Columbus, GA 31907 David Ang, School of Business, Auburn University Montgomery,
More information1 2 3 4 5 Demand 150 170 180 160 160
MGT 3110: Exam 2 Study Guide 1. What is aggregate planning? What is its purpose? 2. What are demand options for aggregate planning? Give examples and discuss the effects of each. 3. Why is there a need
More informationDemand forecasting & Aggregate planning in a Supply chain. Session Speaker Prof.P.S.Satish
Demand forecasting & Aggregate planning in a Supply chain Session Speaker Prof.P.S.Satish 1 Introduction PEMP-EMM2506 Forecasting provides an estimate of future demand Factors that influence demand and
More informationSchool of Management and Languages Capacity Planning
School of Management and Languages Capacity Planning Dr Neil Towers 1 Learning Objectives a. To understand Capacity Planning and Control b. To manage the supply chain capabilities effectively Dr Neil Towers
More information1 Aggregate Production Planning
IEOR 4000: Production Management Lecture 5 Professor Guillermo Gallego 9 October 2001 1 Aggregate Production Planning Aggregate production planning is concerned with the determination of production, inventory,
More informationUniversidad del Turabo MANA 705 DL Workshop Eight W8_8_3 Aggregate Planning, Material Requirement Planning, and Capacity Planning
Aggregate, Material Requirement, and Capacity Topic: Aggregate, Material Requirement, and Capacity Slide 1 Welcome to Workshop Eight presentation: Aggregate planning, material requirement planning, and
More informationProduction Planning & Control. Chapter 2. Aggregate Planning & Master Production Scheduling. Chapter2 1
Production Planning & Control Chapter 2 Aggregate Planning & Master Production Scheduling Chapter2 1 Aggregate Planning & Master Production Scheduling W hy Aggregate Planning Is Necessary Fully load facilities
More informationCHAPTER 05 STRATEGIC CAPACITY PLANNING FOR PRODUCTS AND SERVICES
CHAPTER 05 STRATEGIC CAPACITY PLANNING FOR PRODUCTS AND SERVICES Solutions Actual output 7 1. a. Utilizatio n x100% 70.00% Design capacity 10 Actual output 7 Efficiency x100% 87.50% Effective capacity
More informationMaterial Requirements Planning MRP
Material Requirements Planning MRP ENM308 Planning and Control I Spring 2013 Haluk Yapıcıoğlu, PhD Hierarchy of Decisions Forecast of Demand Aggregate Planning Master Schedule Inventory Control Operations
More informationOperations and Supply Chain Management Prof. G. Srinivasan Department of Management Studies Indian Institute of Technology Madras
Operations and Supply Chain Management Prof. G. Srinivasan Department of Management Studies Indian Institute of Technology Madras Lecture - 41 Value of Information In this lecture, we look at the Value
More informationfor Sage 100 ERP Work Order Overview Document
for Sage 100 ERP Work Order Document 2012 Sage Software, Inc. All rights reserved. Sage Software, Sage Software logos, and the Sage Software product and service names mentioned herein are registered trademarks
More information1.3 ERP System Evolution
1.3 ERP System Evolution Learning Objectives State the purpose of enterprise resource planning (ERP) systems List the challenges facing the industry List the development stages of the manufacturing planning
More informationAggregate Planning. Planning Process. Aggregate. Capacity options. Demand options. Five questions of aggregate planning. Scheduling Decisions
Aggregate Planning Planning Process Scheduling Decisions Operations Management Chapter 13 Short range Medium range Long range Chris Schrage OPS 13 2 Aggregate Combining appropriate resources into general
More informationCHAPTER 6 AGGREGATE PLANNING AND INVENTORY MANAGEMENT 명지대학교 산업시스템공학부
CHAPTER 6 AGGREGATE PLANNING AND INVENTORY MANAGEMENT 명지대학교 산업시스템공학부 Learning Objectives You should be able to: Describe the hierarchical operations planning process in terms of materials planning & capacity
More informationTU-E2020 ADVANCED OPERATIONS MANAGEMENT. Demand management Sales & Operations Planning Master Production Scheduling
TU-E2020 ADVANCED OPERATIONS MANAGEMENT Demand management Sales & Operations Planning Master Production Scheduling 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
More informationFunctional Area Systems Production / Operation Systems
ACS-1803 Introduction to Information Systems Instructor: Kerry Augustine Functional Area Systems Production / Operation Systems Lecture Outline 5, Part 2 ACS-1803 Introduction to Information Systems Examples:
More information26/10/2015. Functional Area Systems Production / Operation Systems. Examples: Functional Area Info Systems. Functional Area Information Systems
ACS-1803 Introduction to Information Systems Instructor: Kerry Augustine Functional Area Systems Production / Operation Systems Lecture Outline 5, Part 2 ACS-1803 Introduction to Information Systems Examples:
More informationChapter 1. The Production Paradigm
Chapter 1 The Production Paradigm Evolution of Production Systems Ancient Systems basic planning, organizations and control specialization of labor Feudal Systems hierachical system (delegation) land and
More informationIT-375 using the 6 th Edition PRODUCTION AND INVENTORY CONTROL CHAPTER 1: INTRODUCTION TO MATERIALS MANAGEMENT
IT-375 using the 6 th Edition PRODUCTION AND INVENTORY CONTROL CHAPTER 1: INTRODUCTION TO MATERIALS MANAGEMENT What is wealth? GDP = production = profits What is the source of wealth? The conversion process
More informationSAP APO SNP (Supply Network Planning) Sample training content and overview
SAP APO SNP (Supply Network Planning) Sample training content and overview Course Objectives At the completion of this course, you will be able to: Understand the concepts of SNP and supply chain network
More informationAntti Salonen KPP227 - HT 2015 KPP227
- HT 2015 1 Inventory management Inventory management concerns short-range decisions about supplies, inventories, production levels, staffing patterns, schedules and distribution. The decisions are often
More informationMath: Study Skills, Note Taking Skills, And Test Taking Strategies
Math: Study Skills, Note Taking Skills, And Test Taking Strategies Math Study Skill Active Study vs. Passive Study Be actively involved in managing the learning process, the mathematics and your study
More informationPlanning Optimization in AX2012
Planning Optimization in AX2012 Streamline your manufacturing operations with Master Planning and Forecasting Kevin Cosman 11 June 2013 About the Presenter Kevin Cosman, Senior Solutions consultant with
More informationMGT 3110 - Exam 2 Formulas. Item $ Usage % of $ usage Cumulative % of $ Cumulative % of no. of items Class
Chapter 12 Inventory Management MGT 3110 - Exam 2 Formulas ABC Classification rule: Class A: ~15% of items, 70-80% annual $ usage Class B: ~30% of items, 15-25% annual $ usage Class C: ~55% of items, 5%
More informationBSCM Sample TEST. CPIM(Certified In Production & Inventory Management) - 1 -
BSCM Sample TEST. 1. Which of the following demand fulfillment approaches typically provides the longest delivery time? A) Engineer-to-order. B) Make-to-order. C) Assemble-to-order. D) Make-to-stock. 2.
More information011-0385 ARQUIMEDES: A TOOL FOR TEACHING PPC IN AN OPERATIONS MANAGEMENT COURSE
011-0385 ARQUIMEDES: A TOOL FOR TEACHING PPC IN AN OPERATIONS MANAGEMENT COURSE Carlos Alberto Castro Z.*, Guillermo León Carmona G.*María Cristina Bravo G* * Departamento de Ingeniería de Producción,
More informationUsing games to support. Win-Win Math Games. by Marilyn Burns
4 Win-Win Math Games by Marilyn Burns photos: bob adler Games can motivate students, capture their interest, and are a great way to get in that paperand-pencil practice. Using games to support students
More informationAim To help students prepare for the Academic Reading component of the IELTS exam.
IELTS Reading Test 1 Teacher s notes Written by Sam McCarter Aim To help students prepare for the Academic Reading component of the IELTS exam. Objectives To help students to: Practise doing an academic
More informationAmoako-Gyampah SCM 302-01 Syllabus Spring 2016 1
Amoako-Gyampah SCM 302-01 Syllabus Spring 2016 1 University of North Carolina at Greensboro Bryan School of Business & Economics Department of Information Systems & Supply Chain Management Spring 2016
More informationCOST THEORY. I What costs matter? A Opportunity Costs
COST THEORY Cost theory is related to production theory, they are often used together. However, the question is how much to produce, as opposed to which inputs to use. That is, assume that we use production
More informationA Cross-Functional View of Inventory Management, Why Collaboration among Marketing, Finance/Accounting and Operations Management is Necessary
A Cross-Functional View of Inventory Management, Why Collaboration among Marketing, Finance/Accounting and Operations Management is Necessary Richard E. Crandall, Appalachian State University, John A.
More informationMaster Production Scheduling
Master Production Scheduling Revised May 7, 2002. mps.doc Author: Dean Ziegler, CPIM Table of Contents Instructions: Search Tips Using Systems2win Word documents Systems2win Copyright Terms How does Master
More informationID Class MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
Exam: Operations Management Name Total Scors: ID Class MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following incorporates the
More informationThe fact is that 90% of business strategies are not implemented through operations as intended. Overview
Overview It is important to recognize that a company s network determines its supply chain efficiency and customer satisfaction. Designing an optimal supply chain network means the network must be able
More informationFunctional Area Systems Lecture 5
ACS-1803 Introduction to Information Systems Instructor: David Tenjo Functional Area Systems Lecture 5 1 1. ACCOUNTING TRANSACTION SYSTEMS 2 1 Business Transaction Cycles 3 Business Transaction Cycles
More informationISSN: 2163-9280 Spring, 2015 Volume 14, Number 1
TEACHING AGGREGATE PLANNING IN OPERATIONS MANAGEMENT Johnny C. Ho, Turner College of Business, Columbus State University, Columbus, GA 31907 Francisco J. López, School of Business, Middle Georgia State
More informationBack-To-Basics Workshops
Back-To-Basics Workshops KEN TITMUSS, CFPIM The outcomes of the two workshops will be for the delegate to understand the generic overall Master Planning process for a manufacturing company and to be able
More informationCISCM STUDY GUIDE. International Purchasing and Supply Chain Management Institute, 2006 1
CISCM STUDY GUIDE International Purchasing and Supply Chain Management Institute, 2006 1 TABLE OF CONTENTS PART PAGE PART I Materials, Production, Inventory, Logistics, and Supply Chain Management 3 PART
More informationInventory Control Subject to Known Demand
Production and Operation Managements Inventory Control Subject to Known Demand Prof. JIANG Zhibin Department of Industrial Engineering & Management Shanghai Jiao Tong University Contents Introduction Types
More informationSales Training Programme. Module 7. Objection handling workbook
Sales Training Programme. Module 7. Objection handling workbook Workbook 7. Objection handling Introduction This workbook is designed to be used along with the podcast on objection handling. It is a self
More informationThe Thinking Approach LEAN CONCEPTS. 2012-2013, IL Holdings, LLC All rights reserved 1
The Thinking Approach LEAN CONCEPTS All rights reserved 1 Basic Thinking to Manage the Journey MANAGEMENT TACTICS OF A LEAN TRANSFORMATION All rights reserved 2 LEAN MANAGEMENT Two key questions What is
More informationLearning Objectives. After reading Chapter 11 and working the problems for Chapter 11 in the textbook and in this Workbook, you should be able to:
Learning Objectives After reading Chapter 11 and working the problems for Chapter 11 in the textbook and in this Workbook, you should be able to: Discuss three characteristics of perfectly competitive
More informationHow To Study Mathematics Using My Math Lab. Preparing for Class. Using the Class Notebook
How To Study Mathematics Using My Math Lab Preparing for Class Read and review the appropriate material before class Come to class prepared. 1. Know which homework problems you have questions about and
More informationMaterial Requirements Planning. Lecturer: Stanley B. Gershwin
Material Requirements Planning Lecturer: Stanley B. Gershwin MRP Overview Primary source: Factory Physics by Hopp and Spearman. Basic idea: Once the final due date for a product is known, and the time
More informationP2 Performance Management March 2014 examination
Management Level Paper P2 Performance Management March 2014 examination Examiner s Answers Note: Some of the answers that follow are fuller and more comprehensive than would be expected from a well-prepared
More informationLinear Programming Supplement E
Linear Programming Supplement E Linear Programming Linear programming: A technique that is useful for allocating scarce resources among competing demands. Objective function: An expression in linear programming
More informationCOMP 250 Fall 2012 lecture 2 binary representations Sept. 11, 2012
Binary numbers The reason humans represent numbers using decimal (the ten digits from 0,1,... 9) is that we have ten fingers. There is no other reason than that. There is nothing special otherwise about
More informationComputer Integrated Manufacturing Course Outline
MET 235 Computer Integrated Manufacturing Course Outline Instructor: Kiranpal Kaur Tel: 403-342-3503 Office Hours: T 1330 1430, F 1330 1430 Office: 2915-20 Class Time: Mon: 1400 1520; Wed: 1400-1520 Room:
More informationIn today s dynamic workplace, change occurs
I LEARNING CURVE ANALYSIS LEARNING GOALS After reading this supplement, you should be able to: 1. Explain the concept of a learning curve and how volume is related to unit costs. 2. Develop a learning
More informationContinuous Sales & Operations Planning
Continuous Sales & Operations Planning Aamer Rehman VP, Manufacturing Solutions Las Vegas - Jan 27, 2012 Copyright 2012 Kinaxis Inc. All Rights Reserved. Prelude Volatility is a given in today s environment
More informationTakt Time Module 8.1
Takt Time Module 8.1 Colin Ducharme, LFM 06 Todd Ruddick, LFM 06 Mark Graban, Internal Lean Consultant for Honeywell (LFM 99) Presentation for: ESD.60 Lean/Six Sigma Systems MIT Leaders for Manufacturing
More informationGuidance paper - The use of calculators in the teaching and learning of mathematics
Guidance paper - The use of calculators in the teaching and learning of mathematics Background and context In mathematics, the calculator can be an effective teaching and learning resource in the primary
More informationTHIS FREE CONTENT WAS PROVIDED TO YOU BY BPP ACCA EXAM SURGERY
THIS FREE CONTENT WAS PROVIDED TO YOU BY BPP ACCA EXAM SURGERY FOR MORE INFORMATION, GO TO BPP.COM/ACCA FOLLOW US ON: FACEBOOK TWITTER LINKEDIN PAST EXAM QUESTION AND ANSWER F9 Answer - 11 PKA Co Text
More informationChapter 5: Strategic Capacity Planning for Products and Services
Chapter 5: Strategic Capacity Planning for Products and Services Assistant Prof. Abed Schokry Operations and Productions Management First Semester 2010 / 2011 Learning Outcomes: Chapter 5 After finishing
More informationPreparing and Revising for your GCSE Exams
Preparing and Revising for your GCSE Exams Preparing and Revising for GCSEs Page 2 Contents Introduction 3 Effective Learning and Revision 4 What you need to Revise 5 Revision Notes and Practice 6 Getting
More informationOnline Courses: During the Course
Online Courses: During the Course Keep up Keeping up is essential to your success in an online course. Without weekly lectures, online courses can easily be put on the back burner. It is critical to stay
More informationMaster Scheduling and Rough-cut Capacity Planning
Master Scheduling and Rough-cut Capacity Planning SUPPLEMENT D Before studying this supplement you should know or, if necessary, review 1. Capacity management concepts, Chapter 9, pp. 316 322. 2. Work
More informationOperations Management
Operations Management Short-Term Scheduling Chapter 15 15-1 Outline GLOAL COMPANY PROFILE: DELTA AIRLINES THE STRATEGIC IMPORTANCE OF SHORT- TERM SCHEDULING SCHEDULING ISSUES Forward and ackward Scheduling
More informationChapter 11. MRP and JIT
Chapter 11 MRP and JIT (Material Resources Planning and Just In Time) 11.1. MRP Even if MRP can be applied among several production environments, it has been chosen here as a preferential tool for the
More informationINSTRUCTION AT FSU THE FLORIDA STATE UNIVERSITY OFFICE OF DISTANCE LEARNING. A Guide to Teaching and Learning Practices
7th Edition Office of Distance Learning INSTRUCTION AT FSU A Guide to Teaching and Learning Practices Version 12.02.11 ODL/rg THE FLORIDA STATE UNIVERSITY OFFICE OF DISTANCE LEARNING 7th Edition Office
More informationI. Introduction to Aggregate Demand/Aggregate Supply Model
University of California-Davis Economics 1B-Intro to Macro Handout 8 TA: Jason Lee Email: jawlee@ucdavis.edu I. Introduction to Aggregate Demand/Aggregate Supply Model In this chapter we develop a model
More informationUsing Excel 2000 to Create a Weighted-Grade Grade Book
Using Excel 2000 to Create a Weighted-Grade Grade Book This handout assumes that you already have familiarity with creating and copying formulas in Excel 2000. If you do not, you should consult our handout
More informationLinear Programming. Solving LP Models Using MS Excel, 18
SUPPLEMENT TO CHAPTER SIX Linear Programming SUPPLEMENT OUTLINE Introduction, 2 Linear Programming Models, 2 Model Formulation, 4 Graphical Linear Programming, 5 Outline of Graphical Procedure, 5 Plotting
More informationMacroeconomics, Fall 2007 Exam 3, TTh classes, various versions
Name: _ Days/Times Class Meets: Today s Date: Macroeconomics, Fall 2007 Exam 3, TTh classes, various versions Read these Instructions carefully! You must follow them exactly! I) On your Scantron card you
More informationINVENTORY MANAGEMENT. 1. Raw Materials (including component parts) 2. Work-In-Process 3. Maintenance/Repair/Operating Supply (MRO) 4.
INVENTORY MANAGEMENT Inventory is a stock of materials and products used to facilitate production or to satisfy customer demand. Types of inventory include: 1. Raw Materials (including component parts)
More informationHow to tackle exams: a marker s perspective
RELEVANT TO ACCA QUALIFICATION PAPERS P1, P3, P4, P5, P6 AND P7 How to tackle exams: a marker s perspective I have been lecturing students for more than 15 years (usually over 400 at every sitting) preparing
More informationJune 2014 exam. (4CW) SME Cash and Working Capital. Instructions to students:
1 June 2014 exam (4CW) SME Cash and Working Capital Instructions to students: 1. Time allowed is 3 hours and 10 minutes, which includes 10 minutes reading time. 2. This is a closed book examination. 3.
More informationDrop Policy: A course drop grade will be assigned in accord with UTA policy (see current catalog).
Course: Psychology 1315 Spring 2011, Section 004 Meeting place and time: Instructor: Office & Telephone: Office Hours: Email: Department website: Life Sciences Bldg Room 122; Tu & Th 9:30AM 10:50AM Linda
More informationRefinery Planning & Scheduling - Plan the Act. Act the Plan.
Refinery Planning & Scheduling - Plan the Act. Act the Plan. By Sowmya Santhanam EXECUTIVE SUMMARY Due to the record high and fluctuating crude prices, refineries are under extreme pressure to cut down
More informationMGT 025 Operations Management
SUMMER 2016 MGT 025 Operations Management Term: 2016 Summer Session Instructor: Staff Classroom: RM 204-A, #1 Teaching Building Office Hours: TBA Course Description& Objectives: The overall objective of
More informationPaper F5. Performance Management. Monday 2 December 2013. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Performance Management Monday 2 December 2013 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Formulae
More informationAmoako-Gyampah SCM 302-01 Syllabus Fall 2009 1
Amoako-Gyampah SCM 302-01 Syllabus Fall 2009 1 University of North Carolina at Greensboro Bryan School of Business & Economics Department of Information Systems & Operations Management Fall 2009 Course
More informationAgile Manufacturing for ALUMINIUM SMELTERS
Agile Manufacturing for ALUMINIUM SMELTERS White Paper This White Paper describes how Advanced Information Management and Planning & Scheduling solutions for Aluminium Smelters can transform production
More informationHow to Configure and Use MRP
SAP Business One How-To Guide PUBLIC How to Configure and Use MRP Applicable Release: SAP Business One 8.8 All Countries English October 2009 Table of Contents Purpose... 3 The MRP Process in SAP Business
More informationMaths Workshop for Parents 2. Fractions and Algebra
Maths Workshop for Parents 2 Fractions and Algebra What is a fraction? A fraction is a part of a whole. There are two numbers to every fraction: 2 7 Numerator Denominator 2 7 This is a proper (or common)
More informationStock and Service Level Optimization: The way forward with SAP-ERP
Stock and Service Level Optimization: The way forward with SAP-ERP As they grow, many organizations are confronted with costs and service level delays which were previously unseen or not critical. This
More information2 Organizations and Organizational Structures 2.1 Functional and Project Organizations, Typical Goals and Performance Measures
2 Organizations and Organizational Structures 2.1 Functional and Project Organizations, Typical Goals and Performance Measures The history of organizations is probably as long as the history of mankind.
More informationCollaborative Supply Chain Management Learning Using Web-Hosted Spreadsheet Models ABSTRACT
Collaborative Supply Chain Management Learning Using Web-Hosted Spreadsheet Models Don N. Pope Abilene Christian University, ACU Box 29309, Abilene, Texas 79699-9309 Phone: 325-674-2786 Fax: 325-674-2507
More informationTEST TAKING STRATEGIES - MULTIPLE-CHOICE TESTS
TEST TAKING STRATEGIES - MULTIPLE-CHOICE TESTS Studying is only one part of getting good results on your exams. Whether you are taking a multiple choice test or essay, you must know some test taking strategies
More informationMaterial Requirements Planning (MRP)
Material Requirements Planning (MRP) Unlike many other approaches and techniques, material requirements planning works which is its best recommendation. Joseph Orlicky, 1974 1 History Begun around 1960
More informationQAD Enterprise Applications Standard & Enterprise Edition. Training Guide MRP/CRP
QAD Enterprise Applications Standard & Enterprise Edition Training Guide MRP/CRP 70-3220A QAD 2011.1 Standard & Enterprise Edition Lab: Enterprise Edition 2011.1 r01 - Training Workspace: 10USA > 10USACO
More informationPARADIGMS THAT DRIVE COSTS IN MANUFACTURING. The whole purpose of a business enterprise is pretty simple to make a profit by selling
PARADIGMS THAT DRIVE COSTS IN MANUFACTURING The whole purpose of a business enterprise is pretty simple to make a profit by selling products or services to persons who desire those particular goods or
More informationAction Steps for Setting Up a Successful Home Web Design Business
Action Steps for Setting Up a Successful Home Web Design Business In this document you'll find all of the action steps included in this course. As you are completing these action steps, please do not hesitate
More informationWAYLAND BAPTIST UNIVERSITY SCHOOL OF BEHAVIORAL & SOCIAL SCIENCES. Hawaii Campus
WAYLAND BAPTIST UNIVERSITY SCHOOL OF BEHAVIORAL & SOCIAL SCIENCES Hawaii Campus Wayland Mission Statement: Wayland Baptist University exists to educate students in an academically challenging, learning-focused,
More informationInventory Management. Material Requirements Planning. Chris Caplice ESD.260/15.770/1.260 Logistics Systems Oct 2006
Inventory Management Material Requirements Planning Chris Caplice ESD.260/15.770/1.260 Logistics Systems Oct 2006 Assumptions: Basic MRP Model Demand Constant vs Variable Known vs Random Continuous vs
More informationAPICS acknowledges the Basics of Supply Chain Management Committee for its contributions in the development of this resource.
APICS acknowledges the Basics of Supply Chain Management Committee for its contributions in the development of this resource. Jim Caruso, CPIM, CSCP (chair) Carol Bulfer, CPIM James F. Cox, Ph.D., CFPIM,
More informationDEVELOPMENT OF LOW COST MRP SOFTWARE FOR A MANUFACTURING,
KOLEJ UNIVERSITI TEKNIKAL KEBANGSAAN MALAYSIA DEVELOPMENT OF LOW COST MRP SOFTWARE FOR A MANUFACTURING, PROCESS Thesis submitted in accordance with the partial requirements of the Kolej Universiti Teknikal
More informationManaging Inventory for Optimal Advantage
Managing Inventory for Optimal Advantage 10 Common Inventory Mistakes and How to Correct Them A Management Series White Paper Compliments of Demand WHITE PAPER Inventory Management: The Objective Each
More informationGleim / Flesher CMA Review 15th Edition, 1st Printing Part 1 Updates
Page 1 of 8 Gleim / Flesher CMA Review 15th Edition, 1st Printing Part 1 Updates NOTE: Text that should be deleted from the outline is displayed as struck through with a red background. New text is shown
More informationCHILD CARE SERVICES STUDY GUIDE FOR
FLORIDA DEPARTMENT OF CHILDREN & FAMILIES CHILD CARE SERVICES STUDY GUIDE FOR Child Care Facility Rules and Regulations Page 1 Revised 03/05/2010 The Department of Children and Families (DCF) would like
More informationA. GDP, Economic Growth, and Business Cycles
ECON 3023 Hany Fahmy FAll, 2009 Lecture Note: Introduction and Basic Concepts A. GDP, Economic Growth, and Business Cycles A.1. Gross Domestic Product (GDP) de nition and measurement The Gross Domestic
More informationLehigh University CHEM 112 ORGANIC CHEMISTRY II Spring 2016 Course Syllabus. Instructors:
Lehigh University CHEM 112 ORGANIC CHEMISTRY II Spring 2016 Course Syllabus Instructors: Name: Robert Flowers, Ph.D. Name: Suzanne M. Fernandez, Ph.D. Office: room 796 Mudd Office: room 692 Mudd Phone:
More informationUnderstand How and Where Computers are used in Manufacturing
H. RESOURCE MANAGEMENT AND MANUFACTURING COMPUTING H1 Understand How and Where Computers are used in Manufacturing H1.1 List possible computer applications in manufacturing processes. Performance Objective:
More informationIntegrating a Factory and Supply Chain Simulator into a Textile Supply Chain Management Curriculum
Integrating a Factory and Supply Chain Simulator into a Textile Supply Chain Management Curriculum Kristin Thoney Associate Professor Department of Textile and Apparel, Technology and Management ABSTRACT
More informationBasic Components of an LP:
1 Linear Programming Optimization is an important and fascinating area of management science and operations research. It helps to do less work, but gain more. Linear programming (LP) is a central topic
More information