ADM 2341 Study Guide - Final Guide: Material Requirements Planning, Carrying Cost, P200

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14 Apr 2015

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Material require m e n t s plannin g. The product structure tree of product a is given below. The lead times and available inventories of each item are found in the following table. Show your work. (hint: you do not need to develop an mrp plan; also, do not specify when the units of e must be ordered: we only want the total number of e to order). We need 2000 units of a but we have 200 in inventory, so the net requirement for a is 1800 units. For every 1a we need 1e, so our gross requirement for e is 1800. We have 900 units in inventory, so our net requirement for e is 1800-900=900 units. Show your work. (hint: you do not need to develop an mrp plan; also, do not specify when the units of c must be ordered: we only want the total number of c to order).

Related Questions

PROBLEM 15: For three consecutive weeks, the Big Ten Player of the Week is either Eric Gordon or DJ White. If the selection each week is made by randomly choosing between the two players, and it is known that Eric Gordon is chosen at least once, what is the probability that he is chosen at most two times? A) 1/2 B) 6/7 C) 2/3 D) 3/4 E) none of the above

Problem 20-15

Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year.


Item cost	$	9.00		Standard deviation of weekly demand	20	per week
Order cost	$	202.00		Lead time	1	week
Annual holding cost (%)		28	% of item cost	Service probability	90	%
Annual demand		24,000
Average demand		480	per week

a.	Determine the order quantity and reorder point. (Use Excelâs NORMSINV( ) function to find your z-value and then round that z-value to 2 decimal places. Do not round any other intermediate calculations. Round your final answers to the nearest whole number.)


Optimal order quantity	units
Reorder point	units

b.	Determine the annual holding and order costs. (Do not round any intermediate calculations. Round your final answers to 2 decimal places.)


Holding cost	$
Ordering cost	$

Assume a price break of $50 per order was offered for purchase quantities of 2,000 units per order. If you took advantage of this price break, how much would you save annually? (Do not round any intermediate calculations (including number of setups per year). Round your final answer to 2 decimal places.)

Annual savings

periwinklesea-lion695

Question 5

R Ltd. manufactures three products, A, B and C. The followinginformation is given below.

Sales Forecast

Product Quantity Price PerUnit

A 1000 Rs.100

B 2000 Rs.120

C 1500 Rs.140

Materials Used in Companyâs Products Are:

Material M1 Rs.4 per unit

Quantities used in Product

Product M1 M2 M3

A 4 2 â

B 3 3 2

C 2 1 1

Finished Stocks:

Product A B C

Opening Inventory- units 1000 1500 500

Closing Inventory- units 1100 1650 550

Material Stocks:

Particulars M1 M2 M3

Opening Stock [Units] 26000 20000 12000

Closing Stock [Units] 31200 24000 14400

Required:

(a) The materials usage budget for January 2008. (4 marks)

(b) The materials purchases budget for January 2008. (14marks)

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ADM 2341 Study Guide - Final Guide: Material Requirements Planning, Carrying Cost, P200

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