Homework Assignment Week 4: questions & problems
Chapter 13 - Discussion Question # 3, page 539: Define aggregate planning – Also known as aggregate scheduling is concerned with determining the quantity and timing of production for the intermediate future, often from 3 to 18 months ahead. Chapter 13 - Discussion Question # 5, page 539: List the strategic objectives of aggregate planning. Which one of these is most often addressed by the quantitative techniques of aggregate planning? For manufacturers, the aggregate schedule ties the firm's strategic goals to production plans, but for service organizations, the aggregate schedule ties strategic goals to workforce schedules. Four things are needed for aggregate planning: - A logical overall unit for measuring sales and output, such as pounds of Doritos at Frito-Lay, air-conditioning units at GE, or cases of beer at Anheuser-Busch. -A forecast of demand for a reasonable intermediate planning period in these aggregate terms. -A method for determining the relevant costs. -A model that combines forecasts and costs so that scheduling decisions can be made for the planning period. Which one of these is generally the most important? Scheduling Decisions
Chapter 14 - Discussion Question # 12, page 576: Identify five specific requirements of an effective MRP system. 1. Master production schedule (what is to be made and when) 2. Specifications or bill of material (materials and parts required to make the product) 3. Inventory availability (what is in stock) 4. Purchase orders outstanding (what is on order) 5. Lead times (how long it takes to get various components) Chapter 14 - Discussion Question # 13, page 576: What are the typical benefits of ERP? Allows companies to automate and integrate many of their business processes, share a common database and business practices throughout the enterprise, and produce information in real time. It also reduced transaction costs and fast, accurate information. Chapter 15 -...
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