As you know from your Learning Resources, MRP systems help manage manufacturing processes through planning, scheduling and inventory control systems.
In this final Assignment, you will use the POM-QM for Windows software to solve two MRP-related problems.
In addition, what is the maximum inventory level?
(Hint: You should use the production model for inventory management.)To answer Question 2:Answer the following questions using the POM software: When the gear is in production, the shop can make 80 gears per day. The set-up cost for this gear is £100, and the monthly unit cost of holding inventory is 1% of the production cost per unit, which is £50. Frank sells 5,000 units per year of his most popular item, a specialty gear. Multiples of 22Table 1: MRP-related informationTo answer Question 1:Provide the MRP tables for all the finished products and the components for the next 6 weeks.Question 2Scenario: Frank’s machine shop operates 250 days per year. Table 1 lists various other MRP-related information for the finished products and the components. There is a scheduled receipt of 75 units for component D at the beginning of week 2. You may refer to Appendix IV in the Heizer and Render (2014) textbook.Question 1Scenario: Figure 1 shows the product structure tree for the finished product A.Figure 1: Product structure tree for finished product AThe marketing department estimates that product A’s demand will be 60 units for Week 4 and 50 units for Week 6. Program the MRP for the Individual Project Problem below and solve it with the use of POM-QM for Windows.Launch the POM-QM for Windows software and, from the main menu, select Module and then Material Requirements Planning.Laureate Education (2014) MRP in POM-QM software . Laureate Education (2014) Inventory management in POM-QM software . 158) in material requirements planning in the POM-QM for Windows Manual. 112) in inventory management and example 1 (p. Read Appendix IV of the Operations Management (Heizer and Render, 2014) textbook.With this in mind, you will need to utilise given data to develop MRP tables for finished products and components for the future weeks of a business as well as answer product production queries.To complete this Assignment:By Wednesday (Day 7) compile your responses to the questions in one MS Word file and then submit it to the Week 8 Turnitin link.POM-QM for Windows software: For this part of the Individual Project, you need to use the POM-QM for Windows software:
MRP and Inventory Management Material requirements planning (MRP) In this final Assignment, you will use the POM-QM for Windows software to solve two MRP-related problems.