Question

By establishing firm planned orders early in the time horizon, an operations manager can reduce ________________.

By establishing firm planned orders early in the time horizon, an operations manager can reduce ________________.

Homework Answers

Answer #1

Theory:

If by making a small change in Master production Schedule (MPS), Materials Requirement Planning (MRP) changes significantly, the MRP system is called to be nervous. This nervousness can be reduced by establishing firm orders in the early time horizon. Once a firm order is created, MRP planning process will not change the delivery time and quantum of this order, providing a fixed schedule to your suppliers that they trust.

Low nervousness will lead to lower inventory costs and improved supplier relations.

Answer:

By establishing firm planned orders early in the time horizon, an operations manager can reduce nervousness in MRP systems.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
30. The long run of the firm is a time horizon in which: a. economic efficiency...
30. The long run of the firm is a time horizon in which: a. economic efficiency is achieved b. the firm can hire all the workers that it wants to employ, but it does not have sufficient time to buy more equipment c. the quantities of all inputs can be varied. d. the firm may want to build a bigger plant, but cannot do so e. the firm is able to maximise total profit
Delivery time can be classified as early, on time or, late. Delivery distance can be classified...
Delivery time can be classified as early, on time or, late. Delivery distance can be classified as within 5 miles, between 5 and 10 miles, and over 10 miles. From the previous records, 15% of deliveries arrive early, and 55% arrive on time. 70% of orders are within 5 miles, and 25% of orders are between 5 and 10 miles. The probability for arriving on time if delivery distance is over 10 miles is 0. The probability of a shipment...
Based on historical data, your manager believes that 27% of the company's orders come from first-time...
Based on historical data, your manager believes that 27% of the company's orders come from first-time customers. A random sample of 152 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.33?
Based on historical data, your manager believes that 28% of the company's orders come from first-time...
Based on historical data, your manager believes that 28% of the company's orders come from first-time customers. A random sample of 153 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is greater than than 0.41?
Based on historical data, your manager believes that 25% of the company's orders come from first-time...
Based on historical data, your manager believes that 25% of the company's orders come from first-time customers. A random sample of 165 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is greater than than 0.32?
Based on historical data, your manager believes that 33% of the company's orders come from first-time...
Based on historical data, your manager believes that 33% of the company's orders come from first-time customers. A random sample of 245 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.22 and 0.39? (Enter your answer as a number accurate to 4 decimal places.)
Based on historical data, your manager believes that 28% of the company's orders come from first-time...
Based on historical data, your manager believes that 28% of the company's orders come from first-time customers. A random sample of 154 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is greater than than 0.44? Answer = (Enter your answer as a number accurate to 4 decimal places.)
Based on historical data, your manager believes that 38% of the company's orders come from first-time...
Based on historical data, your manager believes that 38% of the company's orders come from first-time customers. A random sample of 97 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.25 and 0.45? Answer = (Enter your answer as a number accurate to 4 decimal places.)
Based on historical data, your manager believes that 28% of the company's orders come from first-time...
Based on historical data, your manager believes that 28% of the company's orders come from first-time customers. A random sample of 139 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.28 and 0.44? Answer =  (Enter your answer as a number accurate to 4 decimal places.)
Based on historical data, your manager believes that 28% of the company's orders come from first-time...
Based on historical data, your manager believes that 28% of the company's orders come from first-time customers. A random sample of 175 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is greater than than 0.22? Answer =  (Enter your answer as a number accurate to 4 decimal places.)
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT