Chapter%2015 - EIN6336 Chapter15notes...

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Click to edit Master subtitle style   EIN 6336 Chapter 15 notes
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  Multistage Assembly Manufacturing Inventory can exist as: Raw materials Work-in-process raw materials to components Components Work-in-process components to subassemblies Subassemblies Work-in-process subassemblies to assemblies Assemblies
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  Weaknesses of Traditional  Traditional approach: forecast and replenish each  item (raw material, component, assembly)  independently Weaknesses: No need to forecast component requirements  independently Our models for setting safety have been based on  assumption of smooth demand Demand for components can be erratic; no need to
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  Material Requirements Planning We covered the basics of MRP in Chapter 6 when  we learned the Wagner-Whitin algorithm for lot  sizing This approach did not account for capacity limits We need a more complete planning approach to  account for items that are assembled from multiple  components Closed loop MRP is a system for creating feasible  solution in a dynamic assembly setting
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MRP Terminology Bill of Materials (BOM) is a product’s recipe Breaks final product out into all assemblies,  subassemblies and components Identifies the immediate predecessors of end  product, assemblies and components
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This note was uploaded on 02/15/2011 for the course EIN 6336 taught by Professor Staff during the Spring '08 term at University of Florida.

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Chapter%2015 - EIN6336 Chapter15notes...

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