nswer. Level output/workforce strategy: Monthly planning for all the products in same family (and facility) for the next 12 months or so Meeting variations in demand with overtime, subcontracting & part-time/temporary workers Meeting variations in demand with inventories Process of integrating sales forecasts with operat

nswer. Level output/workforce strategy: Monthly planning for all the products in same family (and facility) for the next 12 months or so Meeting variations in demand with overtime, subcontracting & part-time/temporary workers Meeting variations in demand with inventories Process of integrating sales forecasts with operat

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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Sales and Operations Planning is a process of balancing resources and forecasted demand. A) True B) False
. Case: Flamingo Educational Services Flamingo Educational Services, a company located in the Tema metropolis, is a nationwide market leader in the publishing and distribution of textbooks for first and second cycle schools. Somehow, Flamingo does not use forecasts for production planning. Instead, the operations manager decides which books to produce and the batch size, based on orders and the amounts in inventory. The books that have the fewest amounts in inventory get the highest priority. Demand is uneven, and the company has experienced being overstocked on some items and out of others. Being under-stocked has occasionally created tensions with managers of the retail bookstores the company works with. Flamingo is on the verge of losing a lucrative contract with the Ghana Education Service over a complaint that the books produced over the last four months have defective binding as well as slight but noticeable variations in print quality and sizes of the…
Which of the following is not one of the graphical methodsteps?a) Determine the demand in each period.b) Determine capacity for regular time, overtime, andsubcontracting each period.c) Find labor costs, hiring and layoff costs, and inventoryholding costs.d) Construct the transportation table.e) Consider company policy that may apply to the workers or stock levels.f ) Develop alternative plans and examine their total costs.
a. How much should be produced each period? b. What is ending inventory for each period? c. If inventory carrying cost is $3 per case per period based on ending inventory, what is the total cost of carrying inventory? d. What is the total plan cost and why? 4. The opening backlog is 1200 units. Forecast demand is shown below. a. Calculate the weekly production for level production if the backlog is to be reduced to 1000 units, b. Calculate the projected backlog for each week. Week 2 4 3 1200 1200 Forecast 1200 Demand Planned Production Projected Backlog 1200 1100 5 1100 25 20 6 1000 Total 5. A firm plans to make 400 wagons, 200 carts, and 100 sleds. The resource bill shown below displays the amount of critical resources needed to make one average unit of product family: Wood (Board Feet) Labor (Standard Hours) Product Wagon 0.75 0.50 1.00 Cart Sled 30 Calculate the total wood AND labor needed to make the total number of items in the product family.
A Pizza Company has a demand forecast for the next 12 months that is shown in Table 1 The current workforce of 100 staff can produce 1500 cases of pizzas per month. (a) Prepare a production plan that keeps the output level. How much warehouse space would the company need for this plan? (b) Prepare a demand chase plan. What implications would this have for staffing levels, assuming that the maximum amount of overtime would result in production levels of only 10 per cent greater than normal working hours? Table 1 demand forecast Month Demand (cases per month) January 600 February 800 March 1000 April 1500 May 2000 June 1700 July…
Wal Mart, although they are not a manufacturing company, uses sophisticated computer software to forecast sales and order products to be stocked in their stores so that they do not run out of the things shoppers are looking for. What kind of software system does Wal Mart likely use? Group of answer choices a) Inventory control b) Just-in-time ordering c) E-procurement d) Materials Requirement Planning (MRP)
Sterling's worksheet, Intake vs.Goals Report & Food Log. Sterling is 30 years old college graduate. Currently he works for the federal government as program analysis. During the pandemic Sterling was promoted, work has been extremely busy. Dusty working from home, he has had little time to cook or exercise. During this annual physical, the doctor reported that he had gained 50 pound. Sterling wonderd it eat came from the beer, he drank 1 every evening. Sterling exercises about an hour on Saturday and Sundays. He used exercise daily when he was college athlete. His lab work and blood pressure were not the best either. The doctor counseled him and referred him to the nutrient. Sterling shared that his father saferd heart attack at age 50 and his mother has hypertension, he realizes that this risk for cardiovascular disease
Complete the MPS record below for an end item. (Enter your responses as integers. A response of "0" is equivalent to being not applicable.) Order Policy: 100 units Lead Time: 2 weeks Quantity on Hand: 85 Week 1 2 3 4 5 6 7 8 9 10 Forecast 25 25 40 45 30 20 0 55 0 55 Customer orders (booked) 22 32 7 14 0 0 5 7 5 0 Projected on-hand inventory nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing MPS quantity nothing nothing nothing nothing nothing nothing nothing nothing nothing nothing
Month# Jan Feb Mar Apr May June Forecast# 1800 1500 1100 1500 2100 1600 Name Labor hours per unit (hr/unit) Initial number of workers Safety Stock (units) Working hours in a day(hr/day) Beginning inventory(units) Value 5 30 0 9 450 Month# Jan Feb Mar Apr May June Working Days available 21 21 21 21 21 19 The tables present forecasts, production, and cost information for aggregate planning. Using a level strategy with backorders to produce at average demand, now many workers are required each month? (Round up the calculated number of workers to the nearest whole number, and round the production rate to the nearest whole number
a) b) C) d) Suppose we wish to set up a production plan for the JC Company for the next six months. We are given the following information: Number of working days Demand forecast Beginning Inventory Workforce size Labor hours required per unit: Safety stock: Straight-time cost per hour (first 8 hrs) Overtime cost per hour Inventory holding cost (unit/month) Jan 22 2000 157,000 156,000 155,000 158,000 Feb March April 19 21 21 1800 1200 1100 0 30 5 25% of the demand forecast $3,00 $5,00 $1,00 May 22 1100 June 20 1400 JC Company is planning to produce using a constant workforce (given above) on regular time and they will use overtime to meet additional output requirements. Calculate the total cost of this plan.
Southeast Soda Pop, Inc., has a new fruit drink for which it has high hopes. John Mittenthal, the production planner, has assembled the following cost data and demand forecast: demand forecast. Quarter Forecast 1 1,900 2 1,200 3 1,600 4 800 Costs/Other Data Previous quarter's output=1,200 cases Beginning inventory=0 cases Stockout cost of backorders=$160 per case Inventory holding cost=$40 per case at end of quarter Hiring employees=$35 per case Terminating employees=$80 per case Subcontracting cost=$65 per case Unit cost on regular time=$30 per case Overtime cost=$20 extra per case Capacity on regular time=1,900 cases per quarter John's job is to develop an aggregate plan. The three initial options he wants to evaluate are: • Plan A: a strategy that hires and fires personnel as necessary to meet the forecast. • Plan B: a level strategy. • Plan C: a level strategy that…
2.17 For the following data, calculate the number of workers required for level production and the resulting month-end inventories. Each worker can produce 14 units per day, and the desired ending inventory is 9000 units. Month Working Days Forecast Demand Planned Production Planned Inventory 11,500 1 2 3 4 Total 20 24 12 19 28,000 27,500 28,500 28,500

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		Monthly planning for all the products in same family (and facility) for the next 12 months or so
		Meeting variations in demand with overtime, subcontracting & part-time/temporary workers
		Meeting variations in demand with inventories
		Process of integrating sales forecasts with operations plans
		Finding the most optimal plan