Discuss the importance of accurate forecasting to planning and control systems. What happens if an organization's planning efforts are strong, except for forecasting?
Answer to relevant QuestionsWhat is MRP nervousness? Can this condition affect DRP systems as well?Consider the master schedule record shown in problem 1. Suppose marketing books an order for an additional 10 units in week 4. Recalculate the projected ending inventory and available-to-promise numbers. How low does the ...Now suppose the minimum order quantity for item B3 in problem 8 is reduced to 300 units. Redo the MRP record. What is the new average ending inventory level over the six weeks? What are the implications for setting order ...Due to unusual weather conditions in Minneapolis and Buffalo, Sandy-Built has changed the forecasted demand numbers for MeltoMatic snowblowers at its two distribution centers. Using Figures 12.24 and 12.25 as guides, ...Suppose you have the following information:Demand rate (D) = 750 units per hourLead time (T) = 40 hoursContainer capacity (C) = 1,000 unitsSafety factor (x) = 10% How many kanban production cards are required?a. 59 b. 28c. ...
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