Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer all requirements!!! MacroHard Corp produces J. Pods. mexic players that can downlosd thousands of songs. Macrollard forecasts that demand in 2017 . will
please answer all requirements!!!
MacroHard Corp produces J. Pods. mexic players that can downlosd thousands of songs. Macrollard forecasts that demand in 2017 . will be 54 , 600 s Pods The variable production of a cuit in inventory is 514 per year: Read the Requirement 1. Using the MRP system, What is the annual cost of producing and carrying JPods ho imvortory? (Assume that, an averape, hall of the units produced in a month are in inventory) Begin by determining the forruds, then cakculate the annual cost of producing and cartying J Pods in inventory. uthg an Mize systent. (Round your answer to the niarest. Whale dollar) Requirements 1. Using the MRP system, what is the annual cost of producing and carrying J-Pods in inventory? (Assume that, on average, half of the units produced in a month are in inventory.) 2. A new manager at MacroHard has suggested that the company use the EOQ model to determine the optimal batch size to produce. (To use the EOQ model, MacroHard needs to treat the setup cost in the same way it would treat ordering cost in a traditional EOQ model.) Determine the optimal batch size and number of batches. Round up the number of batches to the nearest whole number. What would be the annual cost of producing and carrying J-Pods in inventory if it uses the optimal batch size? Compare this cost to the cost calculated in requirement 1 . Comment briefly. 3. MacroHard is also considering switching from an MRP system to a JIT system. This will result in producing J-Pods in batch sizes of 200 J-Pods and will reduce obsolescence, improve quality, and result in a higher selling price. MacroHard will reduce setup time and setup cost. The new setup cost will be $100 per setup. What is the annual cost of producing and carrying J-Pods in inventory under the JIT system? 4. Compare the models analyzed in the previous parts of the problem. What are the advantages and disadvantages of each? MacroHard Corp produces J. Pods. mexic players that can downlosd thousands of songs. Macrollard forecasts that demand in 2017 . will be 54 , 600 s Pods The variable production of a cuit in inventory is 514 per year: Read the Requirement 1. Using the MRP system, What is the annual cost of producing and carrying JPods ho imvortory? (Assume that, an averape, hall of the units produced in a month are in inventory) Begin by determining the forruds, then cakculate the annual cost of producing and cartying J Pods in inventory. uthg an Mize systent. (Round your answer to the niarest. Whale dollar) Requirements 1. Using the MRP system, what is the annual cost of producing and carrying J-Pods in inventory? (Assume that, on average, half of the units produced in a month are in inventory.) 2. A new manager at MacroHard has suggested that the company use the EOQ model to determine the optimal batch size to produce. (To use the EOQ model, MacroHard needs to treat the setup cost in the same way it would treat ordering cost in a traditional EOQ model.) Determine the optimal batch size and number of batches. Round up the number of batches to the nearest whole number. What would be the annual cost of producing and carrying J-Pods in inventory if it uses the optimal batch size? Compare this cost to the cost calculated in requirement 1 . Comment briefly. 3. MacroHard is also considering switching from an MRP system to a JIT system. This will result in producing J-Pods in batch sizes of 200 J-Pods and will reduce obsolescence, improve quality, and result in a higher selling price. MacroHard will reduce setup time and setup cost. The new setup cost will be $100 per setup. What is the annual cost of producing and carrying J-Pods in inventory under the JIT system? 4. Compare the models analyzed in the previous parts of the problem. What are the advantages and disadvantages of each Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started