Just-In-Time ManufacturingQuality Management and PurchasingCapacity Management and Production Activity ControlABC Classification and Physical DistributionInventory ManagementInventory FundamentalsForecastingMaster PlanningMaterial Requirments PlanningIntroduction to Supply Chain Management
Skill Development Exercises: Unit 1

Complete the exercises shown below and click on the "Send" button at the end of the exercises to forward them to your instructor at MGI for review and comment.

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SKILL DEVELOPMENT EXERCISE 1-1
What is meant by “inventory turns”? How is it calculated? Why is it better to increase this number?

 

SKILL DEVELOPMENT EXERCISE 1-2
What does EOQ=1 mean in terms of inventory and lead time?

 

SKILL DEVELOPMENT EXERCISE 1-3
Distinguish between order qualifiers and order winners.

 

SKILL DEVELOPMENT EXERCISE 1-4
List the three types of manufacturing strategies. Given the same assembly time, which strategy would have the shortest delivery lead time? Why?

 

SKILL DEVELOPMENT EXERCISE 1-5
What is the “silo” view of the functions in a manufacturing company? Explain the inherent conflict among marketing, production, and finance. Which group’s job is it to reconcile these conflicts?

 

SKILL DEVELOPMENT EXERCISE 1-6
Distinguish between a product and process layout for a manufacturer. Which has the higher capital cost? Describe the environment for which a process layout is appropriate.

 

SKILL DEVELOPMENT EXERCISE 1-7
Distinguish between Material Requirements Planning (MRP) and Manufacturing Resource Planning (MRP II).

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