Explain how will you account for any wastage, Operation Management

Assignment Help:

You are the branch operations manager for a leading manufacturing company. The following are the bill of materials (BOM), Master Production Schedule, and Inventory Record Sheet for one of your products.â€

BOM Product: Travel Coffee Cup Item Quantity Required Rubber coaster 1 Handle 1 Insulated insert 1 Exterior cup form 1 Lid 1
Master Production Schedule Travel Coffee Cup Week 1 2 3 4 5 6 600 550 700 475 500 800
Inventory Record Sheet Item On-Hand Balance Lead Time (in weeks) Rubber coaster 75 4 Handle 200 3 Insulated insert 150 7 Exterior cup form 250 1 Lid 100 6

Perform an analysis to determine the appropriate quantities of materials to be ordered or made and the lead time phasing to:
Ensure that appropriate quantities of materials are ordered at the appropriate time. Ensure the availability of the materials on hand for production.

Create a report to present the results to your area head. Your analysis should include the following:

What quantity do you recommend? Why? How did you arrive at the appropriate quantity of materials to be ordered or made? What measures do you suggest to ensure that appropriate quantities are ordered at a particular time? How will your measures ensure the availability of the materials on hand for production? How will you account for any wastage? If the demand for a product increases suddenly, how will you account for the sudden need of materials?


Related Discussions:- Explain how will you account for any wastage

Disadvantages of enterprise resource planning, Disadvantages of ERP Systems...

Disadvantages of ERP Systems 1. Expense and Time in Implementation: Getting the full benefits of WRP takes time and money: Although ERP offers many strategic advantages by streaml

Tangibles - customer satisfaction and service quality, Tangibles - Customer...

Tangibles - Customer Satisfaction and Service Quality Include the physical evidence of the service: physical facilities, appearance of personnel, tools or equipment used to pr

Define labour turnover, Define Labour Turnover. Labour Turnover: It r...

Define Labour Turnover. Labour Turnover: It refers to the movement of workers in and out of an organisation. It may be defined as the time-to time changes in the number of th

Operations and production management , OPERATIONS AND PRODUCTION MANAGEMENT...

OPERATIONS AND PRODUCTION MANAGEMENT   Production and operation management (POM) is defined as the design operation, and enhancement of the transformation process which converts

Explain probabilites for grades in management science, The following probab...

The following probabilites for grades in management science have been determined based on the past records: Grade Probability A .10

Comparison of market based and resource-based approach, Comparison of Marke...

Comparison of Market Based and Resource-Based Approach to Operations Strategy Since Porter's assertions, there has been a recognition that traditional strategic management has

Production control function, Production control Function 1. Dispatchi...

Production control Function 1. Dispatching : Dispatching may be  defined as setting  production activities in motion through  the  release  of orders ( work order shop order)

Any real problem may be self problem apply the system aprf, any real proble...

any real problem may be self problem apply the system approach model to develop the appropriate solution for this problem

Explain managerial problem solving discuss the pitfalls, Using managerial p...

Using managerial problem solving discuss the pitfalls of satisficing and escalation of commitment

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd