Class 18 - AGENDA QUIZ 6 GO OVER HOMEWORK 6 GO OVER MRP...

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AGENDA QUIZ 6 GO OVER HOMEWORK 6 GO OVER MRP PROBLEMS FINISH MRP CHAPTER TEST REVIEW
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Safety Stock þ BOMs, inventory records, purchase and production quantities may not be perfect þ Consideration of safety stock may be prudent þ Should be minimized and ultimately eliminated þ Typically built into projected on-hand inventory
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MRP Management þ MRP is a dynamic system þ Facilitates replanning when changes occur þ System nervousness can result from too many changes þ Time fences put limits on replanning þ Pegging links each item to its parent allowing effective analysis of changes
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MRP and JIT þ MRP is a planning system that does not do detailed scheduling þ MRP requires fixed lead times which might actually vary with batch size þ JIT excels at rapidly moving small batches of material through the system
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Finite Capacity Scheduling þ MRP systems do not consider capacity during normal planning cycles þ Finite capacity scheduling (FCS) recognizes actual capacity limits þ By merging MRP and FCS, a finite schedule is created with feasible capacities which facilitates rapid material movement
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Balanced Flow þ Used in repetitive operations þ MRP plans are executed using JIT techniques based on “pull” principles þ Flows are carefully balanced with small lot sizes
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This note was uploaded on 10/30/2011 for the course BUS 451 taught by Professor Bilbrey during the Spring '11 term at Anderson University SC.

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Class 18 - AGENDA QUIZ 6 GO OVER HOMEWORK 6 GO OVER MRP...

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