Chapter 4: Q1PE. (page 585)
Term used for a computer system that integrates application programs for the different functions in a firm.
Enterprise resource planning (ERP)
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Question: What supply chain metric measures how many complete orders were filled and shipped on time?
This is the type of demand that is most appropriate for using forecasting models?
Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,000; winter, 8,000; spring, 7,000; summer, 12,000. Inventory at the beginning of fall is 500 units. At the beginning of fall, you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring if overtime is necessary to prevent stock-outs at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, \(100 for each temp; layoff, \)200 for each worker laid off; inventory holding, \(5 per unit-quarter; backorder, \)10 per unit; straight time, \(5 per hour; over time, \)8 per hour. Assume that the productivity is 0.5 units per worker hour, with eight hours per day and 60 days per season.
Question: The application programs are designed in accordance with industry norms or _____________ .
What is the process used to ensure that all of the needs for a particular item are calculated at the same time in the MRP process?
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