{"id":144462,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/material-planning"},"modified":"2017-08-17T11:49:01","modified_gmt":"2017-08-17T11:49:01","slug":"material-planning","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/material-planning\/","title":{"rendered":"material planning"},"content":{"rendered":"<p>The forecasting department, traditionally reporting to the sale manager, has historically seen a&nbsp;forecast accuracy of about 60%, and this in turn causes problems for the following departments:&nbsp;<\/p>\n<ul>\n<li><b>Purchasing:<\/b>&nbsp;What should we buy and how much?&nbsp;<\/li>\n<li><b>Production:<\/b>&nbsp;What should we really build?&nbsp;<\/li>\n<li><b>Inventory management:<\/b>&nbsp;We keep building the wrong thing.&nbsp;<\/li>\n<\/ul>\n<p><b>The sales manager asked you to write her a memo, specifically addressing the following:<\/b><\/p>\n<ul>\n<li>How could you suggest that your new system would achieve any better levels of forecast accuracy?&nbsp;<\/li>\n<li>Why is forecast accuracy itself not as important under traditional methods?&nbsp;<\/li>\n<li>Create a chart or timeline that includes all of the following:&nbsp;\n<ul>\n<li>Which purchase orders have to be placed, and when&nbsp;<\/li>\n<li>When manufacturing needs to begin, to have products delivered to a customer&nbsp;<\/li>\n<li>Approximate dates for all of the following:&nbsp;\n<ul>\n<li>When the product must be shipped to meet the customer&#8217;s due date&nbsp;<\/li>\n<li>When the application of the cover and packaging must take place to meet the customer&#8217;s due date&nbsp;<\/li>\n<li>When the manufacturing of the widget must begin and end&nbsp;<\/li>\n<li>When the raw material for the widget must be ordered&nbsp;<\/li>\n<li>When the plastic cover must be ordered&nbsp;<\/li>\n<li>When the cardboard box must be ordered&nbsp;<\/li>\n<\/ul>\n<\/li>\n<li>Includes notes explain your timing calculation&nbsp;<\/li>\n<li>Assumes all of the following conditions:&nbsp;\n<ul>\n<li>The factory has two departments: manufacturing and packaging&nbsp;<\/li>\n<li>Product X consists of 3 components&nbsp;<\/li>\n<\/ul>\n<ul>\n<li>a widget manufactured in the factory with a total manufacturing lead time of 1 week&nbsp;<\/li>\n<li>a plastic cover purchased from vendor A with a procurement lead time of 3 weeks&nbsp;<\/li>\n<li>a cardboard shipping box purchased from vendor B with a procurement lead time of 4 weeks&nbsp;<\/li>\n<\/ul>\n<ul>\n<li>The widget itself is made from steel (whose lead time from vendor C is 4 weeks).&nbsp;<\/li>\n<li>It takes 1 day for the cover to be applied to the product and for the product to be inserted in the box in the packaging department.&nbsp;<\/li>\n<li>The shipping time to this customer is in 3 weeks, and you do not want it to be late or early.&nbsp;<\/li>\n<li>Assume you received the customer order on 1\/1\/20XX.&nbsp;<\/li>\n<li>Ignore any holidays&nbsp;<\/li>\n<li>Assume a 5-day work week&nbsp;<\/li>\n<li>The customer requires the product to arrive at his location on 3\/31\/2011<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The forecasting department, traditionally reporting to the sale manager, has historically seen a&nbsp;forecast accuracy of about 60%, and this in turn causes problems for the following departments:&nbsp; Purchasing:&nbsp;What should we buy and how much?&nbsp; Production:&nbsp;What should we really build?&nbsp; Inventory <a href=\"https:\/\/www.benedictsol.com\/blogs\/material-planning\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-144462","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/144462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=144462"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/144462\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=144462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=144462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=144462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}