Materials Management

February 11, 2023February 11, 2023 Discipline: Business Finance - Operations Management

Worldwide Can-Openers, Inc., makes a family of two hand-operated can  openers. The production plan is based on months. There are 4 weeks in  this month. Opening inventory is 2000 dozen, and it is planned to  increase that to 4000 dozen by the end of the month. The MPS is made  using weekly periods. The forecast and projected available balance for  the two models follow. The lot size for both models is 1000 dozen.

  1. Calculate the production plan (list quarterly production)
  2. Create an MPS (List when scheduled receipts will exist; what periods?)
  3. What is your projected available balance in Period 3?

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