Final Exam - Small Study Guide Flashcards
bullwhip effect
◦Causes large order size◦You want short order sizes
What are the two thinsg that cause a bullwhip effect
‣ Stockout and misdue date
What are the 2 things that reduces bullwhip effect
◦Short delivery and short order sizes reduces bullwhip effect
Aggregate production plan
◦First step◦Beginning of everything◦More than 1-2 year
◦Production activity control
‣ Produces their own shit
◦Purchase planning and control
‣ Buy it
Chase strategy
◦Chasing sales◦Produce whatever the sale is◦Whatever the supplier is they will give that exact amount.◦It is stable◦If its high skill labor it will not work for you
Level strategy
◦Employment level is stable◦Inventory fluctuates
System nervousness
◦ Not enough time to react
◦ Lead capacity
‣ Need to built a new facility to have more production
◦Lag capacity
‣ Produce no matter what happens‣ Keep doing what you’re doing regardless what you’re doing.
◦Best of breed
‣ Pick the best software
◦Single integrator solution
‣ Pick the company• For example, pick oracle for everything
Master production schedule
◦ Independent◦Quality and timing◦16 to 18
Bill of material
◦What component parts you need for the finish product
Material requirement planning◦This is going to be definitely going to be on the exam◦What are the three things you need [exam]
‣ 1. Master production schedule‣ 2. Bill of material‣ 3. Inventory status
Material requirement schedule
◦Dependent◦It calculates the component parts◦Exact numbers
◦Flow time
◦Flow time‣ When you produce one product
◦Make span
‣ How much time it takes to product to produce match
◦Lateness
◦Lateness‣ Positive and negative
◦Tardiness
◦Tardiness‣ Only Positive
◦Which one can’t be negative?
Tardiness
◦Shortest processing time
◦Shortest processing time‣ Whatever you can finish the quickest
◦Earliest due date
◦Earliest due date‣ Whatever has the earliest due date
