Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

t = current week t-1 = previous week scheduled receipt = SR (if given) On-hand inventory /Projected available balance (t) = on-hand inventory (t-1) -

t = current week t-1 = previous week scheduled receipt = SR (if given) On-hand inventory /Projected available balance (t) = on-hand inventory (t-1) - gross requirement (t) (if on-hand inventory (t-1) > gross requirement (t)) On-hand inventory / projected ending inventory (t) = 0 (if on-hand inventory (t-1) <= gross requirement (t)) Net requirement (t) = 0 (if, on-hand inventory (t-1) >= gross requirement (t)) Net requirement (t) = Gross requirement (t) - [on-hand inventory (t-1) scheduled receipt (t)] (if, on-hand inventory (t-1) SR(t) < gross requirement (t)) Planned receipt (t) = Net requirement (t) [ if only rule = lot for lot, else it changes according to the rule.] Planned receipt (t) = (Integer multiples of Lot size) >= Net requirement(t), if lot size given. Planned order release = Planned receipt (t), but offsetted ahead by lead time (i.e., if Lead time 2 weeks (or any unit of time), planned order release will be offsetted by 2 weeks) Product structure

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Effective Management

Authors: Chuck Williams

7th Edition

128586624X, 978-1285866246

More Books

Students also viewed these General Management questions

Question

b. Did you suppress any of your anger? Explain.

Answered: 1 week ago