please answer 1. What are the differences between sales and operations planning (S&OP) and budgeting?

2. Material Requirements Planning. In this problem set the parameters for planning will be adjusted. Complete each set of calculations and record the observations as requested.

3. Complete the Material Requirements Planning grid below given the following information:

Beginning inventory = 2 units Lot Size = 50 units

Lead time = 1 period

	Period
	1	2	3	4	5	6
Gross Requirements	20	20	40	30	30	30
Scheduled Receipts	50
Projected Available Balance
Planned Order Receipt
Planned Order Release

4. Complete the Materials Requirements Planning grid below given the following information:

Beginning inventory = 2 units Lot Size = 100 units

Lead time = 1 period Safety Stock = 0 units

	Period
	1	2	3	4	5	6
Gross Requirements	20	20	40	30	30	30
Scheduled Receipts	50
Projected Available Balance
Planned Order Receipt
Planned Order Release

5. Complete the Materials Requirements Planning grid below given the following information:

Beginning inventory = 2 units Lot Size = 50 units

Lead time = 1 period Safety Stock = 15 units

	Period
	1	2	3	4	5	6
Gross Requirements	20	20	40	30	30	30
Scheduled Receipts	50
Projected Available Balance
Planned Order Receipt
Planned Order Release

6. After completing the adjustments made to the original plan in parts B and C. Which change impacted the plan the most?

7. Explain the advantages and disadvantages of each of the following capacity planning/loading techniques: a) finite and b) infinite loading.

8. Explain why an hour of capacity lost in a bottleneck work center is so valuable? Provide three suggestions on how to minimize the effect of a bottleneck in a production process.