...BAM 421 Operations Management Unit 4 Examination Follow Below Link to Download Tutorial https://homeworklance.com/downloads/bam-421-operations-management-unit-4-examination/ For More Information Visit Our Website ( https://homeworklance.com/ ) Email us At: Support@homeworklance.com or lancehomework@gmail.com BAM 421 Operations Management Unit 4 Exam 1. The aggregate plan gets input or feedback from which of the following areas? 2. engineering 3. finance, marketing and human resources 4. the master production schedule 5. procurement, production and general management 6. All of the above. 2. Which portion of the master production schedule is normally fixed, frozen or firm? 3. the entire schedule 4. only the aggregate schedule 5. only the middle of the schedule 6. only the near-term portion 7. only the far-term portion 3. In continuous (stock-to-forecast) operations, the master production schedule is usually expressed in terms of _______________. 4. end items 5. modules 6. kits 7. customer orders 8. warehouse orders 4. In job shop (make-to-order) operations, the master production schedule is usually expressed in _______________. 1. end items 2. modules 3. kits 4. customer orders 5. warehouse orders 5. A document calls for the production of 50 small garden tractors in week 1, 50 small garden tractors and 100 riding mowers in week 2, 100 riding mowers and 200 garden utility carts in week 3 and 100 riding mowers in week 4. This...
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...ABSTRACT Different software packages will be outlined with purpose. Extensive research about all packages needed is included. Each package detail with the systems pros and cons will be outlined and discussed in order to provide the appropriate software to meet our company’s needs. Introduction There are many software packages that are needed to properly operate businesses. In order to perform particular tasks, specific specialized software is needed. Material Requirements Planning Among the many operating software systems, one of the most important is the Material Requirements Planning (MRP) system. Material Requirements Planning is the system that manages the process of production planning and inventory. This system uses a technique of inventory, expected receipts, and bill of materials. This system also uses the Master Production Schedule (MPS) to determine the material requirements. There have been four main benefits of having a MRP system in your business. These benefits include, but are not limited to, better responses on customer orders, faster responses on market changes, improve utilization of facilities and labor, and reduced inventory levels (Heizer, J). Capacity Requirement Planning The Capacity Requirement Planning (CRP) is a method that many businesses use to determine the available production capacity. It will start off by assessing the schedule of production that the company has planned. It will then analyze...
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...Material Requirements Planning Material requirements planning is used for production planning and inventory control. There are 2 methods, one is using software the other is manually tracking all the moving parts. The three main objectives of MRP are: 1) Ensure all materials are available for production and products are available for delivery to customers. 2) Maintain optimal inventory levels 3) The planning of manufacturing activities, delivery schedules and purchasing activities. MRP was one of the first integrated info systems focused on improvements in the productivity for businesses. This was one of the first time managers would get meaningful data to analyze resulting in efficiency being greatly improved. Manufacturing companies, for example, were now able to solve problems such as what items were required, how many were required and when they are required. This allowed companies to stop over spending and under producing. Over time the data and technology driving these systems became more advanced and was integrated with other parts of the manufacturing business. MRP also has a lot of the same downfalls as user input software. If the wrong bill of materials, scheduling, inventory item, etc. is not put in correctly the downstream impact can be very large. In 2011 a new type of MRP called Demand Driven MRP was introduced. It was made up of 5 distinct components: 1) Strategic Inventory Planning 2) Buffer Profiles and Level 3)...
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...1.0 MATERIAL REQUIREMENTS PLANNING (MRP) DEFINITION Material requirements planning (MRP) is a production planning and inventory control system used to manage manufacturing processes. It is the process that helps companies makes volume and timing calculation. Most of MRP is based on the software, sometime company use the existing software and make the new software based on the company wants. The objectives of MRP system are to: • Ensure materials are available for production and products are available for delivery to customers. • Maintain the lowest possible material and product levels in store. • Plan manufacturing activities, delivery schedules and purchasing activities. • Required goods are available when required at a right place and time. • Reduce storage and inventory holding cost and improve customer service. MRP system typically requires certain data records which the MRP programs checks and update. The chart below shows the information required to perform MRP and some of the output. Customer order record exactly what each customer has ordered, how many they ordered and when they required delivery. Forecast demand using historical data to predict future trends, cycle and seasonality is always difficult. This process is more to predict of the orders. Inventory record in MRP is to know how some of the required items already in stock. This stock may be in the progress or in raw of material. Bills of the material contains detailed...
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...Simulations Games And Experiential Learning in Action, Volume 2, 1975 OMSIM: AN OPERATIONS MANAGEMENT GAME George A. Johnson Idaho State University Thomas E. Hendrick University of Colorado INTRODUCTION This paper describes a new game oriented towards a production/ operations management environment called OMSIM [4] (Operations Management SIMulation). The authors have been developing and refining OMSIM for the past three years and are currently subjecting it to extensive classroom testing on over 400 students in nine course sections taught by four different instructors at the University of Colorado. The early responses from students are gratifying; most say that it is challenging, realistic, properly frustrating, and provides an integrating decision making experience. Our stimulus to build OMSIM was not caused by the absence of several excellent games which emphasize production/operations decisions; pedagogical simulators in this area have been commercially available for about six years. PROSIM [3] and The Decision Making Game [2] both appeared in 1969. A year later JOBLOT [1] was published, with PROSIM V [5] following in 1971. Having utilized [2], or attempted to utilize, [1], two of these games at the University of Colorado and reviewing the structure of the other two, we would characterize The Decision Making Game and PROSIM as games of beginning to moderate complexity, with JOBLOT and PROSIM V being classified as complex. GENERAL CHARACTERISTICS OF OMSIM OMSIM has been designed...
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...PPQ Parts MGMT 415 AIU Unit 3 Assignment Abstract This paper will discuss as outlined purpose for different software packages with extensive research included. These package details will include the pros and cons to provide the appropriate software for the appropriate company. PPQ Parts Within any business there are tasks to be done and in order to perform these tasks; there is specific software that is needed. There are many software packages and research must be done in order to find the correct software for the company to do particular tasks. A single software may not be right for all business. It is important to know the task at hand and how to get it done, then the decision to choose the best software can be made. A very important operating software system called the Material Requirements Planning (MRP) is a structure that controls the processes of fabrication planning and inventory. This is a system that uses the Master Production Schedule (MPS) to regulate the material requirements and uses a practice of inventory, expected receipts, and bill of materials. There are many benefits of using an MRP system within a business, but there are four main benefits. The four main benefits are better reactions on customer orders, faster reactions on market changes, increase operation of facilities and industry, and decrease in inventory stages (Heizer & Render, 2012). A technique that many businesses practice to govern the obtainable production capacity is the Capacity...
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...BAM 421 Operations Management Unit 4 Examination Follow Below Link to Download Tutorial https://homeworklance.com/downloads/bam-421-operations-management-unit-4-examination/ For More Information Visit Our Website ( https://homeworklance.com/ ) Email us At: Support@homeworklance.com or lancehomework@gmail.com BAM 421 Operations Management Unit 4 Exam 1. The aggregate plan gets input or feedback from which of the following areas? 2. engineering 3. finance, marketing and human resources 4. the master production schedule 5. procurement, production and general management 6. All of the above. 2. Which portion of the master production schedule is normally fixed, frozen or firm? 3. the entire schedule 4. only the aggregate schedule 5. only the middle of the schedule 6. only the near-term portion 7. only the far-term portion 3. In continuous (stock-to-forecast) operations, the master production schedule is usually expressed in terms of _______________. 4. end items 5. modules 6. kits 7. customer orders 8. warehouse orders 4. In job shop (make-to-order) operations, the master production schedule is usually expressed in _______________. 1. end items 2. modules 3. kits 4. customer orders 5. warehouse orders 5. A document calls for the production of 50 small garden tractors in week 1, 50 small garden tractors and 100 riding mowers in week 2, 100 riding mowers and 200 garden utility carts in week 3 and 100 riding mowers in week 4. This...
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