Term
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Definition
| Enterprise Resource Management |
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Term
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Definition
| Manufacturing Planning & Control |
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Term
| What are the three key areas of influence influence on MPC system design? |
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Definition
1) Degree of internationalization 2) Role of the customer in the system 3) Increasing use of information technology |
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Term
| Longterm MPC support activity |
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Definition
• Plan capacity requirements and availability to meet marketplace needs
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Term
| Intermediate term MPC support activity |
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Definition
• 1. Plan for the right materials to arrive on time in the right quantities needed for product production. 2. Ensure utilization of capital equipment and other facilities is appropriate 3. Maintain appropriate inventories of raw materials, work in process, and finished goods-in the correct locations.
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Term
Short term MPC support activity |
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Definition
• Slide 7 .O {color:black; font-size:149%;} a:link {color:#CCCCFF !important;} a:active {color:#3333CC !important;} a:visited {color:#B2B2B2 !important;} • 1.Schedule production activities so people and equipment are working on the correct things
2. Track material, people, customer's orders, equipment & other resources in the factory
3. Communicate with customers & suppliers on specific issues and long-term relationships
4. Meet customer requirements in a dynamic environment that may be difficult to anticipate •5. Respond when things go wrong and unexpected problems arise •6. Provide information to other functions on the physical and financial implications of the manufacturing activities.
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Term
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Definition
| Improving business performance: Productivity improvement Production cost Inventory turnover Customer service: Delivery reliability Delivery speed |
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Term
| How many companies are actually doing S&OP |
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Definition
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Term
| What does demand management encompass? (its a plumbing diagram box) |
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Definition
| forecasting customer/end product demand, order entry, order promising, accomodating interplant and intercompany demand, and spare parts requirements |
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Term
| What is the essence of demand management? (its a plumbing diagram box) |
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Definition
| Demand managemen coordinates all activities of the business that place demands on manufacturing capacity |
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Term
| What does the box sales & operations planning mean? (its a plumbing diagram box) |
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Definition
| Balances the sales/marketing plans with available production resources to get an agree-on company game plan that determines mfg's role in company strategy |
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Term
| What is MPS (master production schedule) (its a plumbing diagram box)? |
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Definition
| States which end items or product options manufacturing will build in the future. Must support the sales and operations plan |
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Term
| What is resource planning? (its a plumbing diagram box)[image][image] |
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Definition
1) Determines the capacity necessary to produce the required products now & later. Ex. Short run labor and machine hours. 2) Provides the basis for matching manufacturing plans and capacity |
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Term
| The first third/front end of the plumbing diagram does what? |
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Definition
| Sets the activities and systems for overall direction setting |
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Term
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Definition
| Material Resource Planning |
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Term
| What does detailed material planning encompass? (its a plumbing diagram box) |
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Definition
1) Firms with limited products: specify rates of production 2) Firms with diverse products: use MRP (material requirements planning) that is then utilized by detailed capacity planning systems to compute the labor and machine center capacity to make all the component parts |
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Term
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Definition
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Term
What does the EOQ describe? (Economic Order Quantity) |
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Definition
| Describes the relationship between costs of placing orders, carrying inventory & the order quanitity |
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Term
What simplifying assumptions does the EOQ make? (Economic order quantity) |
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Definition
Demand rate is constant Costs don't change Production & inventory capacity are unlimited |
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Term
What is the equation for the EOQ? (economic order quantity) |
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Definition
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Term
| What does (A/Q)CP represent? |
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Definition
Represents annual ordering cost A=annual demand for the item Q=order quantity CP=cost of order preparation A/Q=total ordering cost/year is proportional to the # of orders placed annually |
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Term
| What does (Q/2)CH represent? |
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Definition
Annual inventory carrying cost Q=order quantity 1/2(Q)=average inventory CH=inventory carrying cost per unit per year |
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Term
| What are the methods for determining the lowest-cost ordering quantity? |
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Definition
1) Graph the total cost equation for various order quantities 2) EOQ=√(2CpA/CH) |
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Term
What does TBO stand for? What is its formula?
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Definition
Economic time between orders TBO=EOQ/(average of D) |
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