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Final Exam in Quantech

The company produces industrial pumps and aims to be a leading financial services provider. It uses inventory modeling as a quantitative technique, tracking weekly inventory, requirements, and master production schedule projections. Analysis shows beginning inventory, forecast, and committed customer orders as inputs. Negative projected inventory signals needed production. The master schedule helps determine uncommitted inventory available. It concludes the schedule is helpful, recommending increasing pump lot size to 70 to maximize profit. This would benefit marketing with accurate delivery dates, HR in determining manpower needs, finance with uncommitted inventory levels, and production in knowing when to produce more pumps.

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Cam ILe
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83 views4 pages

Final Exam in Quantech

The company produces industrial pumps and aims to be a leading financial services provider. It uses inventory modeling as a quantitative technique, tracking weekly inventory, requirements, and master production schedule projections. Analysis shows beginning inventory, forecast, and committed customer orders as inputs. Negative projected inventory signals needed production. The master schedule helps determine uncommitted inventory available. It concludes the schedule is helpful, recommending increasing pump lot size to 70 to maximize profit. This would benefit marketing with accurate delivery dates, HR in determining manpower needs, finance with uncommitted inventory levels, and production in knowing when to produce more pumps.

Uploaded by

Cam ILe
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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NAME OF COMPANY: Pump Company

OBJECTIVE:
o

To be a leading provider of financial services and solutions

DESCRIPTION OF COMPANY: Company making industrial pumps IDENTIFIED QUANTITATIVE TECHNIQUE TO ACHIEVE OBJECTIVE: Inventory Modeling

(70) Week 1 2 3 4 5 6 7 8 Inventory from Previous Week 64 31 1 41 11 41 1 31 Requirements 33 30 30 30 40 40 40 40 Inventory before MPS 31 1 -29 11 -29 1 -39 -9 + + 70 70 = = + 70 = + 70 = MPS Projected Inventory 31 1 41 11 41 1 31 61

Beg. Inventory 64 Forecast Customer Orders (committed) Projected onhand inventory 1 30 33 31 2 30 20 1 3 30 10 -29

JUNE 4 30 4 5 40 2 6 40

JULY 7 40 8 40

ANALYSIS: This figure shows the three primary inputs to the master scheduling process,
the beg. Inventory, forecast, and customer orders that have been booked or committed. When the projected on-hand inventory becomes negative, this is a signal that production will be needed to replenish inventory. Through this figure it is now possible to determine the amount of inventory that is uncommitted and, available to promise.

CONCLUSION: Master Scheduling is very helpful tool for Pump Company

RECOMMENDATION: Increase production lot size of 70 pumps to maximize profit

EXPECTED EFFECT ON:

Marketing: Marketing can use the Available To Promise(ATP) amounts to provide


realistic delivery dates to customers

Human Resource: It will be easier to the HR department to determine the needed manpower for production every time that theres a need to produce more Pumps.

Finance: It will be easier to Finance to determine the amount of inventory that is


uncommitted and, available to promise

Production: It will be easier for the Production Dept to determine when they
are needed to produce another 70 pumps

FINAL EXAM
In Partial Fulfillment of the Requirements for Quantitative Techniques 3rd Semester 2010-2011

Submitted by:

Camile De Ocampo

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