Question: Problem 14-12 (Algo) Complete the MRP record for a bicycle frame using a L4L lot-sizing strategy. Repeat using a fixed order quantity of 111 frames.

Problem 14-12 (Algo) Complete the MRP record for

Problem 14-12 (Algo) Complete the MRP record for

Problem 14-12 (Algo) Complete the MRP record for a bicycle frame using a L4L lot-sizing strategy. Repeat using a fixed order quantity of 111 frames. Compare and contrast the results. What are the benefits and drawbacks to each approach? Note that scheduled receipts exist in Week 1 and Week 2 as shown in the answer table below. (Leave no cells blank - be certain to enter "0" wherever required.) BpictureClick here for the Excel Data File Part Name: Bicycle frame Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 70 61 91 91 81 71 81 91 MRP Record Lead time = 2 week On hand = 0 Safety stock = 0 Order quantity: L4L Gross requirements Scheduled receipts Available inventory Net requirements Planned order receipts Planned order releases 70 61 0 0 0 0 0 0 Planned order releases Part Name: Bicycle frame Week 3 Week 1 Week 2 Week 4 Week 5 Week 6 Week 7 Week 8 91 91 71 70 81 81 91 61 MRP Record Lead time = 2 week On hand = 0 Safety stock = 0 Order quantity: FOQ = 111 Gross requirements Scheduled receipts Available inventory Net requirements Planned order receipts Planned order releases 0 0 0 111 111 0 0 0

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