Which of the following options are true for a master production schedule (MPS)?(Multiple options may be correct) MPS breaks down the production plan to show in each period, the production quantity of each final itemStock inventory level and available production capacity are among the inputs feeding the MPSMPS works best for very long time periods, usually extending beyond 24 months MPS helps to decide the sequence of production and batch sizeMPS acts as a forecast in manufacturing

Prepare an MPS table like that shown in Figure 12-11 for the following situation. The forecast for each of the next four weeks is 70 units. The starting inventory is zero. The MPS rule is to schedule production if the projected inventory on hand will be negative. The production lot size is 100 units. The following table shows customer (committed) orders. Week Customer Orders  1 80  2 50  3 30  4 10 Calculate the available-to-promise (ATP) quantities for each period. (Do not leave any empty spaces; input a "0" wherever it is required.)       June            1 2 3 4  Forecast   70 70 70 70  Committed            Projected on hand (min = 0) 0          Produce (lot size = 100)            Available-to-promise

Which of the following statements regarding inventory management for mass production is correct?Group of answer choicesIn process inventories are usually low as production scheduling can be planned and implemented on a weekly or monthly basisInventories for spare parts are usually high since production runs for significantly long time, say a few monthsKeep inventories to low level when the incoming costs are higher than plannedChange the inventory level to high when the selling prices are predicted to be higher in the next few weeksKeep the inventory level to a minimum of 60% if budget and safety allow

Aggregate production plans eventually need to be disaggregated in order to:Multiple ChoiceEstablish how much overtime will be requireDevelop master production schedules for specific productsDevelop demand forecastsMake sure all back orders are filled

Update the MPS table shown in Figure 12-11 given these inputs: It is now the end of week 1; customer orders are 35 units for week 2, 16 for week 3, 11 for week 4, 8 for week 5, and 3 for week 6. Inventory on hand is now 33 units. Use the MPS rule of ordering production when projected on-hand inventory would be negative without production.     June       July          2 3 4   5 6 7 8  Forecast 30 30 30   40 40 40 40  Committed 35 16 11   8 3 0 0  Project on hand (min = 0)  33                  Product (lot size = 70)                  Available-to-promise

It is a weekly or monthly break-down of the production requirements for each product for a definite time period.Select one:a.Scheduling of job order manufacturingb.Preparation of master schedulec.Preparation of manufacturing scheduled.Corrective measures