Term
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Definition
| Manufacturing Planning and Control |
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Term
| What does Master Planning consist of? |
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Definition
| Consists of Sales & Operations Planning and Master Scheduling. Aka as priority planning activities. |
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Term
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Definition
| The date when purchased material or production material is due to be available for use. |
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Term
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Definition
1)translates the strategic plan into production rates
2)continually updates the production, financial and sales plan
3)seeks input from various functions (i.e.engineering, customer service)
4)requires regular meetings with senior executives to resolve tradeoffs
5) checks availability of resources to validate the production plan |
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Term
| What does Master Scheduling develop? |
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Definition
| Develops due dates and quantities at the end-item level |
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Term
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Definition
| Material Resource Planning - determines the priority plan and due dates for purchased and manufactured components once end-item due dates are established by the master schedule. |
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Term
| What is Production Planning? |
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Definition
| Major output of S&OP. A process to develop tactical plans based on setting the overall level of manufacturing output and other activities to best satisfy the current planned levels of sales, while meeting general business objectives of profitability, productivity [...] and so on, as expressed in the overall business plan. |
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Term
| Characteristics of Production planning |
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Definition
1)quantities demanded of each product family or product line in each period
2)desired inventory levels
3)resources required each period - total resources needed
4)availability of needed resources - what resources you have |
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Term
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Definition
1) Chase - Production level matches the quantity demanded by period
2) Level - Production level is equal to the average demand
3) Subcontracting - Production equal to the minimum level of demand and the rest is subcontracted.
4) Hybrid - A combination of the 3 above to balance customer service, inventory and stable labor force. |
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Term
| What is Capacity Management? |
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Definition
| The function of establishing, measuring, monitoring and adjusting limits or levels of capacity in order to execute all manufacturing schedules. |
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Term
| Formula for Available Time (Capacity) |
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Definition
| Number of machines x hours a day x days a week |
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Term
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Definition
| Hours actually worked / hours of available time x 100% |
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Term
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Definition
| standard hours of work produced / hours actually worked * 100% |
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Term
| Formula for Rated Capacity (standard hours) |
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Definition
| available time x utilization x efficiency |
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Term
| Formula for Demonstrated Capacity (standard hours) |
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Definition
| sun of standard hours of n past periods / n past periods |
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Term
| Formula for Operations time per work order (LOAD) |
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Definition
| number of pieces x run time per piece + setup |
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Term
| 5 Components of Manufacturing Lead Time |
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Definition
| Queue, setup, run, wait, move |
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Term
| Formula for Operation Time |
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Definition
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Term
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Definition
1) Execute the MPS and MRP
2) optimize use of resources
3) Minimize WIP
4) Maintain Customer Service |
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Term
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Definition
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Term
| Moving Average Forecast Logic |
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Definition
| The sum of demand for 3 months devided by the number of months= month 4 forcast. |
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Term
| Exponential Smoothing Logic |
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Definition
| New forcast = (a)(latest demand) + (1-a)(old forecast) |
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Term
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Definition
| Seasonal index = period average demand devided by average demand for all periods |
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Term
| Deseasonalized demand(average demand / period) |
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Definition
| Deseasonalized demand = annual forecast divided by number of periods. |
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Definition
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