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Chapter 4: Q.38OQ (page 484)

Questions: What is the first step in CPFR?

Short Answer

Expert verified

Answer

Collaborative Planning, Forecasting, and Replenishment (CPFR) are the retail-level demand forecasting technique, which is successively accustomed synchronize all the forecasts, production, and replenishment plans upstream through the supply chain.

Step by step solution

01

Definition of (CPFR)

(CPFR) is the exchange of the chosen internal information on a shared webserver to provide reliable, longer-term future estimates of demand within the supply chain.

02

First step in (CPFR)

Creation of a front-end partnership agreement: The front-end partnership agreement includes:

  1. The objectives (for example - inventory reductions, lost sales elimination, lower product obsolescence, etc.) to be gained through collaboration.
  2. Resource requirements (for example - hardware, software, performance metrics) necessary for the collaboration.
  3. Expecting the confidentiality associated with the prerequisite trust required to share the company's sensitive information may create a significant implementation problem.

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Most popular questions from this chapter

Gentle Ben鈥檚 Bar and Restaurant uses 5,000-quart bottles of imported wine each year. The effervescent wine costs \(3 per bottle and is served only in whole bottles because it loses its bubbles quickly. Ben FIgures that it costs \)10 each time an order is placed, and holding costs are 20 percent of the purchase price. It takes three weeks for an order to arrive. Weekly demand is 100 bottles (closed two weeks per year) with a standard deviation of 30 bottles. Ben would like to use an inventory system that minimizes inventory cost and will provide a 95 percent service probability.

a. What is the economic quantity for Ben to order?

b. At what inventory level should he place an order?

Question:Harlen Industries has a simple forecasting model: Take the actual demand for the same month last year and divide that by the number of fractional weeks in that month. This gives the average weekly demand for that month. This weekly average is used as the weekly forecast for the same month this year. This technique was used to forecast eight weeks for this year, which are shown below along with the actual demand that occurred. The following eight weeks show the forecast (based on last year) and the demand that actually.

Week

Forecast demand

Actual demand

1

140

137

2

140

133

3

140

150

4

140

160

5

140

180

6

150

170

7

150

185

8

150

205

a. Compute the MAD of forecast errors.

b.Using the RSFE, compute the tracking signal.

c.Based on your answers to parts (a) and (b), comment on Harlen鈥檚 method of forecasting.

Semans is a manufacturer that produces bracket assemblies. Demand for bracket assemblies (X) is 130 units. The following is the BOM in indented form:

ITEMS

DESCRIPTION

USAGE

X

Bracket assembly

1

A

Wall board

4

B

Hanger sub-assembly

2

D

Hanger casting

3

E

Ceramic knob

1

C

Rivet Head screw

3

F

Metal tong

4

G

Plastic cap

2

Below is a table indicating current inventory levels:

ITEMS

X

A

B

C

D

E

F

G

Inventory

25

16

60

20

180

160

1000

100

a.Using Excel, create the MRP using the information provided.

This drives the MRP calculations and is a detailed plan for how we expect to meet demand.

What are the three primary data sources used by the MRP sources?
See all solutions

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