Space Age Furniture Company, management homework help
Space Age Furniture Company****Original and Plagiarism free work**
Each part labeled and answered in full with complete sentences***
Introduction and conclusion paragraph required and plagiarism report
must be attached!!! Graduate level work PLEASE!!!!! any calculations
used must be shown……5 scholarly sources are required!
Space Age Furniture Company
The
Space Age Furniture Company manufactures tables and cabinets to hold
microwave ovens and portable televisions. These products are made in
various sizes and with various features, but all follow basically the
same production and assembly operations. However, two of these
products—the Saturn microwave stand and the Gemini TV stand—have a part
(no. 3079) that requires machining on a special lathe used only for
making that part. At present the machine is run by Ed Szewczak, a
machinist who also operates other machines in Space Age’s shop. Once set
up and started, the lathe can run nearly unattended. However, the
machinist must be present (even if not actually attending the machine)
any time one of the machines, including the lathe, is in operation. At
present, Ed works a regular 40-hour week. However, due to the workload
for producing part 3079, it has been necessary to schedule frequent
overtime for him in order to finish the necessary parts on time.
Coral
Snodgrass, operations manager for Space Age, has just heard from Ed’s
foremen that Ed is becoming unhappy about so much overtime. As Coral
knows, Ed has been with the company a long time and is an excellent,
reliable employee. Skilled machinists with Ed’s experience and
employment record are extremely difficult to find. Coral wonders what
can be done to alleviate this problem.
Recently, Space Age began
using an MRP system that has helped reduce inventories greatly and
improve on-time deliveries. In fact, Space Age carries no finished-goods
inventory. Instead, everything in the master schedule is being produced
for customer orders, so all products are shipped almost immediately.
Previously Space Age had estimated that it cost $1.25 per week to store
each Gemini and $1.50 per week to store each Saturn that wasn’t shipped
immediately. The master schedule for producing these two items for the
next six weeks is shown below.
Master Schedule (the last column is 6 but the number in missing on top!!!!) | ||||||
---|---|---|---|---|---|---|
week | 1 | 2 | 3 | 4 | 5 | |
Gemini | 600 | 400 | 700 | 500 | 400 | 600 |
Saturn | 300 | 400 | 400 | 600 | 300 | 300 |
The
part in question, 3079, is used in two different subassemblies: no.
435, which is used in the Gemini TV stand, and no. 257, which is used in
the Saturn microwave stand. One of part 3079 is used in each
subassembly, and one of each subassembly is used in each of the final
products.
Part 3079 may be produced in any quantity since the
lathe that makes it is not used for anything else. However, both of the
subassemblies are produced using the same equipment. To minimize change
over time, Space Age has decided that these subassemblies should be made
in minimum quantities of 1,000 at a time, although there is no problem
with capacity on the equipment that makes them. In fact, an order for
1,000 of subassembly 435 is due to be received in week 1, as is an order
for 1,000 of subassembly 257. Lead time for both these subassemblies is
one week, and no inventory is expected to be on hand for either part at
the beginning of week 1. There is not any on-hand inventory of part
3079, and there are no orders in process.
Ed Szewczak earns $22
per hour and gets a 50% premium for any overtime work. Whenever part
3079 is made, there is no set-up time, but processing takes 0.03 hour
per unit. It costs $0.25 per week to hold any of these parts over from
one week to the next. The cost of holding each subassembly in inventory
is $0.75 per unit per week.
Respond to the following and include any Materials
Requirement Planning (MRP) calculations:
- Develop an MRP for Space Age Furniture Company
using the information in the case including the production of
sub-assemblies in lot sizes of 1,000. - The lot size of 1,000 for sub-assemblies has
produced a lumpy demand for part 3079. Suggest ways for
improvements over sub-assemblies in lot sizes of 1,000. - Analyze the trade-off between overtime costs and inventory costs.
- Calculate a new MRP that improves the base MRP.
- Compare and contrast the types of production
processing—job shop, batch, repetitive, or continuous—and
determine which the primary mode of operation is and why. - Describe ways that management can keep track of job status and location during production.
- Recommend any changes that might be beneficial to the company and/or add value for the customer.
The final case study should demonstrate your understanding
of the reading as well as the implications of new knowledge. The paper
should integrate readings, scholarly sources, 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 study 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.
Writing the Final Paper
The Final Paper:
- Must be 10 to 12 double-spaced pages in length (not
including the title and reference pages) and formatted according to APA
style as outlined in the Ashford Writing Center. - Must include a title page with the following:
- Title of paper
- Student’s name
- Course name and number
- Instructor’s name
- Date submitted
- Must begin with an introductory paragraph that has a succinct thesis statement.
- Must address the topic of the paper with critical thought.
- Must end with a conclusion that reaffirms your thesis.
- Must use at least five scholarly sources.
- Must document all sources in APA style, as outlined in the Ashford Writing Center.
- Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.