Fall 2014 Exam 1 Study Guide (ANSWERS) 1. When a company uses an ERP system‚ the different functional areas of the business will share a common database. True False 2. The objective of structural and infrastructure changes is the same: To remove sources of uncertainty‚ to reduce replenishment time‚ and to reduce total cost of supplying the market. True False 3. The Economic Order Quantity model is extremely useful while making decisions on order quantities in MRP systems. True False
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Gizmo Production Flow The demand for gizmos from the computer company ranges 125 and 175 per month‚ equally divided among X‚ Y‚ and Z. Subassembly builds up inventory early in the month to make certain that a buffer stock is always available. Raw materials and purchased parts for subassemblies each constitute 40% of the manufacturing cost of a gizmo. Both categories of parts are multiple sourced from about 80 vendors and are delivered at random times. (Gizmos have 40 different part numbers.) Some
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CASE STUDY Raytheon Streamlines and Automates its Material Requirement Planning Processes with Exostar’s Supply Chain Platform Company Profile Raytheon is a technology and innovation leader specializing in defense‚ homeland security and other government markets throughout the world. Raytheon provides state-of-the-art electronics‚ mission systems integration and other capabilities in the areas of sensing‚ effects‚ and C3I systems‚ as well as a broad range of mission support services
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refining‚ and computer industries are examples of repetitive manufacturing. See also repetitive manufacturing. Several industries have characteristics of both repetitive manufacturing and job shops in their operations. Even in job shops‚ standardized materials‚ machines‚ and tooling and fixtures are desirable. Standard sizes‚ capacities‚ and performance are characteristic of the construction industry. Also‚ either industry may incur high tooling costs. Even in the construction industry‚ repetitive manufacturing
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the Workplace Assignment 1 HRM-500 Human Resources Management Foundations March 10‚ 2014 Material Requirements Planning (MRP) is a production planning and inventory control system used to manage the manufacturing process. Most MRP systems are software-based. However‚ it is possible to conduct MRP by hand as well. The intent of a MRP system is to simultaneously meet three objectives; (1) Ensure materials are available for production and products are available for delivery to customers; (2) Maintain
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variations in the operators work cycle • Introduce standard work and stabilise the work pace through the system. You should also measure the work output per worker and establish productivity standards so that you will be able to calculate your manpower requirement as a function of production volume. This has implications for your HRM plans which are nowhere evident. • Start pulling work through the system‚ look at the production scheduling and move toward daily orders with kanban cards • Even out the production
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EREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724 [pic] NAME : (NAME TO APPEAR ON THE CERTIFICATE) REF NO : COURSE : SUBJECT: CASE-1 (16 Marks) Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30‚000 good T-shirts per month
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Advantages and Disadvantages of a push system and a pull system Following the Course Name Guidelines Student’s Name University Push & Pull System A Inventory director must have the capacity to add to a robust inventory control structure to oversee client request. The interest for the item will control Inventory expenses‚ conveying expenses‚ asking fees and capacity costs. Inventory control structures are generally arranged as push or draw models. Knowing the definitions‚ central focuses and
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Global Exam review 1. Describe how technology has automated business processes during the three economic eras of US history as we evolve into a globalized economy. Specifically‚ discuss the impact of technology on labor‚ productivity‚ and marketplace. We become innovative out of necessity. When we are miserable enough; we create new ways of doing things. We innovate. * Agrarian Society: Examples 1800 – 1870 Local Economy During the agricultural age up to 80% of the population
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......16 Materials Requirements Planning (MRP) and Manufacturing Resources Planning (MRP II) ...............................................................................................................19 1) Introduction. ....................................................................................................................19 2) The operation of a MRP system......................................................................................19 Step 1 - business planning. ........
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