RA
Roseline Abejale
Answers (5)
RA
Answered
Discuss the three planning timeframes, how they relate to capacity planning and materials planning, and the various tools associated with them.
On Jun 24, 2024
(1) Long-range plans, which span a year or more, focus on major decisions regarding capacity and aggregate production plans;
(2) medium-range plans, which span 6 to 18 months and involve tactical decisions regarding employment levels and similar issues; and
(3) short-range plans, which range from a few days to a few weeks and deal with specific issues, and the details of production-quantities of items to be produced, schedules, and sequences.
Capacity planning focuses on determining the appropriate production levels that the company is capable of completing. Capacity is the maximum amount of work that an organization is capable of completing in a given period of time.Resource requirements planning (RRP) is a long-run, macro-level planning tool. It helps the operations leaders determine whether aggregate resources are capable of satisfying the aggregate production plan.The next step is to create a rough-cut capacity plan (RCCP) to check the feasibility of the master production schedule. The medium-range RCCP takes the master production schedule and converts it from production to capacity required and then compares it to available capacity for each production period. If the RCCP and master production schedule are in sync, the schedule is set. If not, capacity can be adjusted through the planned use of overtime, subcontracting, resource expansion, or routing flexibility to meet production needs. Alternatively, the schedule can be revised downward.Finally, capacity requirements planning (CRP) is used to check the feasibility of the materials requirement plan. This short-range capacity planning technique determines, in detail, the amount of labor and equipment resources that were needed to accomplish production requirements.Materials planning, in general, focuses on balancing of future supply and demand. It involves managing sales forecasts, creating master schedules, and running materials requirement planning tools.The aggregate production plan (APP) is a long-range materials plan that translates annual business plans, marketing plans, and forecasts into a production plan for all products produced by a facility.The master production schedule (MPS) is a medium-range plan that is more detailed than the APP. The MPS breaks down the APP, listing the exact end items to be produced within a specific period.The materials requirement plan (MRP) is a short-range materials plan that converts information regarding end-items in the MPS into a set of time-phased component and part requirements. MRP focuses on scheduling and placing orders for dependent demand items so that they are available in the exact quantities on the date the independent demand item is to be manufactured. Lead time for ordering and receiving these dependent demand items must also be factored into the MRP process.For MRP to provide effective planning knowledge, the following three sets of information are needed:
1. Independent demand information
2. Parent-component relationship (BOM)
3. Inventory status of the final product and all components
(2) medium-range plans, which span 6 to 18 months and involve tactical decisions regarding employment levels and similar issues; and
(3) short-range plans, which range from a few days to a few weeks and deal with specific issues, and the details of production-quantities of items to be produced, schedules, and sequences.
Capacity planning focuses on determining the appropriate production levels that the company is capable of completing. Capacity is the maximum amount of work that an organization is capable of completing in a given period of time.Resource requirements planning (RRP) is a long-run, macro-level planning tool. It helps the operations leaders determine whether aggregate resources are capable of satisfying the aggregate production plan.The next step is to create a rough-cut capacity plan (RCCP) to check the feasibility of the master production schedule. The medium-range RCCP takes the master production schedule and converts it from production to capacity required and then compares it to available capacity for each production period. If the RCCP and master production schedule are in sync, the schedule is set. If not, capacity can be adjusted through the planned use of overtime, subcontracting, resource expansion, or routing flexibility to meet production needs. Alternatively, the schedule can be revised downward.Finally, capacity requirements planning (CRP) is used to check the feasibility of the materials requirement plan. This short-range capacity planning technique determines, in detail, the amount of labor and equipment resources that were needed to accomplish production requirements.Materials planning, in general, focuses on balancing of future supply and demand. It involves managing sales forecasts, creating master schedules, and running materials requirement planning tools.The aggregate production plan (APP) is a long-range materials plan that translates annual business plans, marketing plans, and forecasts into a production plan for all products produced by a facility.The master production schedule (MPS) is a medium-range plan that is more detailed than the APP. The MPS breaks down the APP, listing the exact end items to be produced within a specific period.The materials requirement plan (MRP) is a short-range materials plan that converts information regarding end-items in the MPS into a set of time-phased component and part requirements. MRP focuses on scheduling and placing orders for dependent demand items so that they are available in the exact quantities on the date the independent demand item is to be manufactured. Lead time for ordering and receiving these dependent demand items must also be factored into the MRP process.For MRP to provide effective planning knowledge, the following three sets of information are needed:
1. Independent demand information
2. Parent-component relationship (BOM)
3. Inventory status of the final product and all components
RA
Answered
Abigail, an HR executive in a company, coordinates with the management to plan and implement a wide range of employee engagement activities for improving the mental and physical health of the employees. These activities include personality enhancement sessions, career development seminars, and annual office trips. She also works with the management to provide employees with a platform where they can share their innovative ideas. In this scenario, Abigail's initiatives fulfill the human resource management goal of:
A) complying with social obligations.
B) promoting individual growth and development.
C) adhering to legal business guidelines.
D) creating an ethnocentric work environment.
A) complying with social obligations.
B) promoting individual growth and development.
C) adhering to legal business guidelines.
D) creating an ethnocentric work environment.
On Jun 24, 2024
B
RA
Answered
McClelland's learned needs model suggests individuals with a strong power motive tend to establish,maintain,and restore close personal relationships with others.
On Jun 23, 2024
False
RA
Answered
Intra-company analysis compares a company's current performance to its own prior performance.
On May 25, 2024
True
RA
Answered
Which of the following is a good example of a thesis statement for an informative speech?
A) "After hearing my presentation,the audience will know more about the airline industry."
B) "My audience will realize that in the future artificial intelligence will make our lives easier,more fulfilling,and more fun."
C) "Although modern Germany is very much like the United States,German citizens' nonverbal communication differs in their greetings,social situations,and personal space."
D) "I will inform my audience about the components of organic farming."
A) "After hearing my presentation,the audience will know more about the airline industry."
B) "My audience will realize that in the future artificial intelligence will make our lives easier,more fulfilling,and more fun."
C) "Although modern Germany is very much like the United States,German citizens' nonverbal communication differs in their greetings,social situations,and personal space."
D) "I will inform my audience about the components of organic farming."
On May 24, 2024
D