Question: Directions: Answer the following question in a Microsoft Excel document. The partially completed MRP record in Table below provides gross requirements, scheduled receipts, lead time,

Directions: Answer the following question in a Microsoft Excel document.

The partially completed MRP record in Table below provides gross requirements, scheduled receipts, lead time, and beginning on-hand inventory.

  1. Complete the record for a lot size of FOQ = 1,500 units. (8 marks)
  2. Complete the record for a lot size of P = 3. (8 marks)
  3. Complete the record for an L4L lot size. (8 marks)
  4. Which lot size rule results in the lowest average inventory? (3 marks)
  5. Which lot size rule results in the fewest/most orders? (3 marks)

Submit this assignment in MS Excel to your instructor via the dropbox. This assignment is worth 30 marks.

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