A toy manufacturing company has collected 10 periods of data for two of its toys, X and Y. Using the two data sets as gross requirements data, construct MRP time-phased records. Using Excel spreadsheet, create four time-phased records, two for each data set. For one case, use a lot size of 220 units, and for the other use an order quantity equal to the total net requirements for the next two periods. In all four records, start with a beginning inventory of 220 units and compute the average inventory level held over the 10 periods. What do the results mean?
(Questions based on chapter 6 of the book Manufacturing Planning and Control for Supply Chain Management. 6th edition)
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