The document discusses aggregate planning, which involves translating demand forecasts into production levels over a fixed horizon. It seeks to balance conflicting objectives like reacting quickly to demand changes versus maintaining workforce stability. Different aggregate units and planning approaches are considered, along with associated costs like inventory holding, hiring/firing, and production levels. Two example strategies - chasing demand or keeping workforce constant - are evaluated based on their total costs. Mixed strategies combining these approaches are also proposed to further optimize the planning process.
The Master Production Schedule (MPS) is a plan for the production of individual final items. The MPS breaks down the production plan to show, in each period, the quantity to produce of each final article.
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The Master Production Schedule (MPS) is a plan for the production of individual final items. The MPS breaks down the production plan to show, in each period, the quantity to produce of each final article.
#masterproduction #mps #mrp #erp #manufacturing #manufacturingsoftware #erpsoftware #mrpeasy
This topic is related to Material requirement planning, MRP.
Types of material requirement planning
Benefits of MRP. Limitation of MRP, Objective of MRP, MRP Input, MRP Output, Steps of MRP
Role of production planning and control in operation managementRiya Sunny
Planning and Control are very important for success of an operation unit. For effective operation in a manufacturing unit, it is essential to integrate the production ...
This presentation is originally created by me when I reported Aggregate Planning during my Production and Operations Management class. I hope this can help you. :))
Different layouts for various manufacturing systems
3 three basic types of layout:
Process layout
Product layout
Fixed-Position layout
3 hybrid layouts:
Cellular Manufacturing
Flexible Manufacturing Systems
Mixed-model Assembly Lines
This topic is related to Material requirement planning, MRP.
Types of material requirement planning
Benefits of MRP. Limitation of MRP, Objective of MRP, MRP Input, MRP Output, Steps of MRP
Role of production planning and control in operation managementRiya Sunny
Planning and Control are very important for success of an operation unit. For effective operation in a manufacturing unit, it is essential to integrate the production ...
This presentation is originally created by me when I reported Aggregate Planning during my Production and Operations Management class. I hope this can help you. :))
Different layouts for various manufacturing systems
3 three basic types of layout:
Process layout
Product layout
Fixed-Position layout
3 hybrid layouts:
Cellular Manufacturing
Flexible Manufacturing Systems
Mixed-model Assembly Lines
In this presentation, we will discuss production planning system, factors determining production control procedure, role of production planning and control in operations management, scope of production planning and control, its phases and principles. We will also talk about framework for strategy formulations and task control, PPC limitations, effectiveness, PPC in different systems, requirement of an effective PPC in a system and make or buy analysis.
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Industrial Engineering & Operation Research Lecture NotesFellowBuddy.com
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Manufacture of a Biodegradable Detergent on Small ScaleCSCJournals
This paper deals with an aggregate planning for a small scale production unit using a network flow model for full utilization of its capacity to meet the changing forecasted demand .The formulation of the problem is done by using the given inventory capacity with backorders by making a trade-off among inventory costs , backlog costs, production and subcontracting costs. The total cost function and the constraint inequalities were developed assuming the cost functions to be linear. The parameters of objective function and the constraints were estimated from the economics of the plant. The values of the work force, overtime, backlog, amount subcontracted were determined for a planning horizon of six months using an LP computer package. This method of production scheduling took care of the fluctuating demand utilizing the full capacity of the plant.
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ACC122 Midterm Exam – Problems (7 points each)
Student Name _______________________________________ Date ___________________
1. Prepare a horizontal analysis by computing the amounts and percentage changes for the following balance sheet items; place your answers in the blanks provided.
20x6
20x5
Amount
Percentage
Assets
Current assets
$ 6,500
$ 5,000
Property, plant, and equipment
22,000
25,000
Total assets
$28,500
$30,000
Liabilities and Stockholders' Equity
Liabilities
$ 5,500
$10,000
Stockholders' equity
23,000
20,000
Total liabilities and stockholders' equity
$28,500
$30,000
2. Using the following information from an annual report, prepare a vertical analysis of the consolidated balance sheet at June 30, 20x5. (Round percentage answers to one decimal place.)
June 30, 20x5
(In millions)
Cash and cash equivalents
$ 584
Accounts and other receivables
182
Merchandise inventories
2,027
Prepaid expenses and other current assets
80
Total current assets
$2,873
Real estate, net
$2,342
Other, net
2,113
Total property and equipment
$4,455
Goodwill, net
$ 374
Other assets
651
Total assets
$8,353
Short-term borrowings
$ 278
Accounts payable
1,617
Accrued expenses and other current liabilities
836
Income taxes payable
107
Total current liabilities
$2,838
Long-term debt
$1,230
Deferred income taxes
362
Other liabilities
243
Total liabilities
$4,673
Common stock
$ 30
Additional paid-in capital
453
Retained earnings
4,757
Foreign currency translation adjustments
(137)
Treasury shares, at cost
(1,423)
Total stockholders' equity
$3,680
Total liabilities and stockholders' equity
$8,353
3.
3. From the following information, compute the ratios indicated and place the proper numbers in the spaces provided. Assume the average for the year is the same as the ending balances for the balance sheet accounts. Round answers to one decimal place, and show your work.
Anders Corporation
Balance Sheet
December 31, 20x5
Assets
Cash
$ 30,000
Marketable securities
20,000
Accounts receivable (net)
40,000
Inventory
60,000
Prepaid expenses
16,000
Property, plant, and equipment
234,000
Total assets
$400,000
Liabilities and Stockholders' Equity
Current liabilities
$ 60,000
Long-term liabilities
100,000
Stockholders' equity
240,000
Total liabilities and stockholders' equity
$400,000
Anders Corporation
Income Statement
For the Year Ended December 31, 20x5
Net sales
$160,000
Cost of goods sold
120,000
Gross margin
$ 40,000
Operating expenses
Selling and administrative expenses
$ 16,000
Interest expense
8,000
Income taxes expense
4,000
28,000
Net income
$ 12,000
Anders had 4,000 shares of common stock issued and outstanding. The market price of common stock at year end was $15.00 per share. Dividends paid in 20x5 were $0.60 per share.
Current ratio
Asset turnover
Quick ratio
Return on assets
R.
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What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
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What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
9. Planning Steps hierarchy Forecast of aggregate demand for t period Planning horizon Aggregate production Plan : Production and Workforce levels for each period Master Production Schedule : Production levels by item by period Material Requirements Planning : Detailed Time table for production and assembly of Components and subassemblies
19. Aggregate Planning: Example Strategy 1 : Chase the demand by changing work force levels Month Number of Working days Number of Units produced Per worker (Bx.14653) Forecast Net demand Min. # of Worker required (D/C) Initial Calculations Table D C B A
20. Aggregate Planning: Example Total cost = 755(500)+145(1000)+30(80) = 524,900 Month # of Workers # of units per workers # fired # hired Cum. Product. Produc Tion (BxE) Cum. Demand. Inven tory. A B D C F E G H I Aggregate Production/capacity plan
21. Aggregate Planning: Example Min. Number Of Workers required 411 Strategy 2: Constant work force : Keep the work force level constant throughout the planning horizon Month Cumulative net demand Cumulative # of units produced per worker Ratio (B/C) Required workforce for strategy 2
22. Aggregate Planning: Example Total cost = (411-300)(500)+5963(80) = 532,540 Month Production Per worker Monthly Production (Bx411) Cumulative production Cumulative Net demand Inven tory Aggregate Production/capacity plan