is called aggregate planning. Factors Affecting Aggregate Planning Aggregate planning is an operational activity critical to the organization as it looks to balance long-term strategic planning with short term production success. Following factors are critical before an aggregate planning process can actually start; A complete information is required about available production facility and raw materials. A solid demand forecast covering the medium-range period Financial planning surrounding
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Aggregate planning is the process of developing‚ analyzing‚ and maintaining a preliminary‚ approximate schedule of the overall operations of an organization. The aggregate plan generally contains targeted sales forecasts‚ production levels‚ inventory levels‚ and customer backlogs. This schedule is intended to satisfy the demand forecast at a minimum cost. Properly done‚ aggregate planning should minimize the effects of shortsighted‚ day-to-day scheduling‚ in which small amounts of material may be
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MD 021 - Management and Operations Aggregate Planning Outline Aggregate planning - definitions and strategies Linear programming (LP) Aggregate planning LP problem Chase and level strategy problems Definitions of Aggregate Planning Aggregate planning is the “big picture” approach to planning for the intermediate term ([pic] 1 year). The goal of aggregate planning is to achieve a production plan that will effectively utilize the organization’s
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Name __Apivit__Saibandith_________ QSO 600 Operations Management Week 9 Homework Assignment Aggregate Planning Instructions 1. Word-‐process your answers within this document. Do not create a new file. 2. This assignment is to be done individually. This is not a group assignment. 3. This homework assignment is due
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PLANNING FACILITIES PLANNING ASSIGNMENT #1 SEMESTER FALL-2010 PRESENTED TO: ------------- MR. MUSLIM LIGHTWALA PREPARED BY: --------- MUHAMMAD MARAJ SIDDIQUI (2009-3-08-9541) INSTITUTE OF BUSINESS MANAGEMENT Institute of Business &Management Assignment 1 Course: Facilities Planning Semester: Fall 2010 Submission: by December 11‚ 2010 Total Marks: 15 1. Evaluate the facilities plan for your campus and list potential changes you would consider
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PRODUCTION MANAGEMENT ASSIGNMENT Topic:- Aggregate Planning Submitted by:- ANJANA KRISHNAN FM-673 AGGREGATE PLANNING: Aggregate planning is the process of developing‚ analyzing‚ and maintaining a preliminary‚ approximate schedule of the overall
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National Institute of Technology Calicut Department of Mechanical Engineering PRODUCTION PLANNING (AGGREGATE PLANNING) § § § § Concerned with the overall operations of an organisation over a specified time horizon Determines the efficient way of responding (allocating resources) to market conditions Effectively allocate system capacity (plant‚ equipment‚ and manpower) over designated period A good production plan should Ø be consistent with organisational policy Ø meet demand requirements
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Outsourcing can be defined as turning over all or part of an organizational activity to an outside vendor. Outsourcing is often seen as a tool of cost cutting where companies move their jobs to an outside vendor on an ongoing basis. These services were initially provided internally by that organization. The pressure of the current market forces and the price wars have forced many companies to reduce cost by outsourcing its non-core activities to low wage countries in Asia. A cost cut of any
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Capacity Planning & Aggregate Production Planning Capacity Planning • Long term strategic decision • determines overall level of resources • affects product lead times‚ customer responsiveness & operating costs Capacity Planning Three Basic Strategies for Timing Capacity • Capacity Lead Strategy – capacity is expanded in anticipation of demand – aggressive and used to lure away customers from competitors already constrained Capacity Planning Three Basic Strategies for Timing Capacity • Capacity
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1. 420 min/ 640 units per day = .65625 2. Without Setup Time Press 420 min x 90% efficiency / 640 units = 378 min / 640 units = .590625 Pierce & Form 420 min / 640 units = .65625 Finish Grind 420 min /640 units = .65625 3. Process Step 1 production lead time 5 days Process Step 2 production lead time 3.5 days Process Step 3 production lead time 5.2 days Process Step 4 production lead time 2.3 days 4. 60 seconds is the processing time of this manufacturing cell 5. Press 7200
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