TOPICS UNDER BSOP330 WEEK 5 HOMEWORK PROBLEMS - 0 views

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  #1 mariabrogersm on 14 Jun 14

   

  In BSOP330 WEEK 5 HOMEWORK PROBLEMS mainly the topic Master Production Schedule (MPS) and Make-To-Stock is covered.
  
  Generally a master production schedule (MPS) can be defined as the plan for the individual commodities required to be produced in each time period like staffing, production, inventory and various others. All of this is basically linked to manufacturing according to the plan which indicates about the demand of the product i.e. when and how much the product will be in demand. In this the plan generally quantifies the significant parts, processes and other available resources for optimizing the production, so that the bottlenecks can be easily identified and for anticipating the needs and the completed goods. It is clear that in case of an MPS much more factory activities are involved because of which its viability and accuracy dramatically affects the profitability.Image
  
  Because of certain limitation of the software, but mainly because of the master production scheduler, the scheduler does not contain every aspect of the production. Rather than this only the key elements which are proven to be under effective controls such as production cost, forecast demand, lead time, inventory cost, capacity, working hour, inventory levels, parts supply and available storage. In general MPS is the normal statement about what the company expects to purchase and produce.
  
  The other topic which is discussed in BSOP330 WEEK 5 HOMEWORK PROBLEMS is Make-To-Stock which can be defined as the traditional production strategy which is used by business so that production can be matched with the consumer demand forecast. This method is generally used for forecasting the demand and in accordance to that the stocks are produced. This can be a better and more efficient option if the demand of the product in context of the consumers is accurately or correctly forecasted.

   

  <div class="cArrow"> </div><div class="cContentInner">In <a href="http://www.devrygenius.com/product/bsop-330-week-5-homework-problems-mater-production-schedule-problem-1-2-and-3" rel="nofollow">BSOP330 WEEK 5 HOMEWORK PROBLEMS</a> mainly the topic Master Production Schedule (MPS) and Make-To-Stock is covered. <br /> <br /> Generally a master production schedule (MPS) can be defined as the plan for the individual commodities required to be produced in each time period like staffing, production, inventory and various others. All of this is basically linked to manufacturing according to the plan which indicates about the demand of the product i.e. when and how much the product will be in demand. In this the plan generally quantifies the significant parts, processes and other available resources for optimizing the production, so that the bottlenecks can be easily identified and for anticipating the needs and the completed goods. It is clear that in case of an MPS much more factory activities are involved because of which its viability and accuracy dramatically affects the profitability.Image <br /> <br /> Because of certain limitation of the software, but mainly because of the master production scheduler, the scheduler does not contain every aspect of the production. Rather than this only the key elements which are proven to be under effective controls such as production cost, forecast demand, lead time, inventory cost, capacity, working hour, inventory levels, parts supply and available storage. In general MPS is the normal statement about what the company expects to purchase and produce. <br /> <br /> The other topic which is discussed in BSOP330 WEEK 5 HOMEWORK PROBLEMS is Make-To-Stock which can be defined as the traditional production strategy which is used by business so that production can be matched with the consumer demand forecast. This method is generally used for forecasting the demand and in accordance to that the stocks are produced. This can be a better and more efficient option if the demand of the product in context of the consumers is accurately or correctly forecasted.</div>

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