23 May WHAT ARE THE COSTS OF CARRYING EXCESS ITEMS IN INVENTORY AT EACH STAGE?
Read Space Age Furniture Company in Chapter 9 of your text. Answer the following seven questions: (Include any MRP calculations).
What options are open to Coral to address this problem?
How would reducing the minimum quantity of subassemblies help?
What are the costs of carrying excess items in inventory at each stage?
What is the trade-off between overtime costs and inventory costs?
Which type(s) of production processing – job shop, batch, repetitive, or continuous – is the primary mode of operation? Explain.
In what ways could management keep track of job status and location during production?
Can you suggest any changes that might be beneficial to the company or add value for the customer? What are they?The final case study should demonstrate understanding of the reading as well as the implications of new knowledge. The paper should integrate Readings and Resources and class discussions into work and life experiences. It may include explanation and examples from previous events as well as implications for future applications.
The purpose of the Final Case is for you to culminate the learning achieved in the course by describing your understanding and application of knowledge in the field of operations management.
Guidelines for Writing the Final Paper
Readdress the concept and the experience with critical thought. That is, what is your response to the content, either positive or negative, and then defend your position. If multiple options/alternatives/positions are present and are being rejected you must also defend the reasons for rejecting an option.
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