Objective The fundamental purpose of the project is to use Material Requirement Planning which is based on the information and data available to manage the inventory in a way to predict
INTRODUCTION
Objective
The fundamental purpose of the project is to use Material Requirement Planning which is based on the information and data available to manage the inventory in a way to predict the timing and quantity of materials needed to complete a production process.
Conveying knowledge in the most intuitive and complete way about Material Requirement Planning to participants in class through present chapter activities.
The focus is on bringing learners as close and practical as possible by giving examples and detailed briefs for questions as well as using Excel software to implement them, also reviewing at the end of the lesson in the game activity – Quizizz.
The most important part of the planning is to read the data accurately to give an effective plan for product items and control the inventory
The objective of teamwork in the project is to achieve the improvement in time management and coordination skills between members, along with responsibility, trust and hard work; fostering inspiring individuals to express their ability and exchange knowledge with each other.
Benefits
Implementing an MRP system can be extremely beneficial to your production facility Many benefits come from using an MRP software within a manufacturing operation However, the software is not enough by itself A common practice among manufacturers is to use an Advanced Planning and Scheduling Receipts system that has MRP functionality to enhance their production.
In our lecture, MRP can be used to generate jobs and/or purchase orders when inventory levels fall below a certain point When demand for an item is entered in Planet Together and MRP is generated, it will first look at the on-hand quantity If there is not enough on-hand inventory to supply the demand, MRP will generate a job (to produce more of the item) or create a purchase order to buy more of that item.
Scope and limitations
In this report, we have analyzed that our object is resource planning and MRP systems The scale of our topic is a workshop The goal of the workshop is to disseminate information related to resource planning Besides, we also try to make clear barriers inMRP Additionally, this paper was created using academic research, and real examples were acquired from inside academic sources
The analysis and conclusions drawn from this research are therefore likely to be correct but less critical of the MRP model in reality There is a lack of clarity and precision to build an effective analysis that even though they may not be as precise as they could be.
PROGRESS
Methodology
3 Inputs and Outputs in MRP process
7 Lot-for-lot ordering policy Hoàng Nam + Anh Thư +
8 Fixed-size lot ordering policy
9 Review for quiz Minh Thư
Chapter overview
A technique called material requirements planning (MRP) is used to determine the components and materials required to make a product It consists of three main steps: inventorying the available resources and components, determining which ones are extra, and arranging for their manufacture or acquisition.
MRP principles may be applied in a range of manufacturing settings They can also be used for service providers, such as employment agencies Production environments might include things like sophisticated products, products that are only assembled upon request, or demand items that are reliant and discrete.
Dependent Demand Item refers to the item whose demand is required by the one-by-one calculation based on the independent demand items such as products and service parts and includes assemblies, subassemblies, processed parts, purchased parts, and raw materials.
Example: Suppose the demand for an electric golf cart, consisting of four tires and a motor, is 100 units per week Then, the demand for motors would also be 100 per week, and the demand for tires would be 400 per week The demand for tires is dependent on the demand for electric golf carts.
*The electric golf carts are an example of independent demand The motors and tires exhibit dependent demand.
A "complex product" is described as an investment product with a complicated structure that makes it unlikely for a retail investor to understand its terms, characteristics, and dangers It is required of intermediaries to use reasonable expertise, caution, and investigation when assessing whether a product qualifies as complicated We would also want to clarify that the expanded standards do not always need a retail investor as the client in issue; rather, they are intended to be taken into consideration from the standpoint of a retail, "person on the street."
There are numerous ways to define product complexity, but the most straightforward definition is the number of distinct components or characteristics that a product is made up of The way a product works, how it is made and built, how it is marketed and sold—all these factors should be taken into account when defining product complexity for a particular organization A product's complexity is further influenced by its physical dimensions, degree of integration with current systems, need for technical assistance, and degree of customization
2.2.1.2.4 Erratic Orders (complex and uncertain)
A manufacturer that uses the "assemble-to-order" manufacturing method keeps an inventory of subassembly parts and assembles them into the finished product when a client places an order The plan depends on the business's capacity to swiftly assemble and distribute goods.
2.2.1.3 Inputs and Outputs in MRP Process
Master schedules, bill of materials, and inventory status records Master production schedule
Figure 2 2 Example of the master production schedule
• Drives MRP process with a schedule of finished products.
• Quantities represent production, not demand.
• Quantities may consist of a combination of customer orders and demand forecasts.
• Quantities represent what needs to be produced, not what can be produced
• Quantities represent end items that may or may not be finished products.
A bill of material for a product lists the items that go into the product, includes a brief description of each item, and specifies when and in what quantity each item is needed in the assembly process.
• Provides a detailed description of the item.
• Updates the physical inventory count
• Summarizes the item’s year-to-date or month-to-date usage
• Provides internal codes to link this file with other related information in the MRP database
Figure 2 4 An example of item master file MRP
Figure 2 5 An example of item master file MRP
Outputs are purchase orders, material plans, work orders, and reports
An invoice that is paid in portions over time It can also refer to an invoice where products are delivered in batches over a while
Figure 2 6 The time-phased Bills of clipboard
• Exploding the bill of material
+ Netting: the process of subtracting on-hand quantities and scheduled receipts from gross requirements to produce net requirements.
• Time-phasing requirements MRP Matrix
Figure 2 7 The definitions in MRP Matrix
Figure 2 8 Example of Master production schedule
Figure 2 9 Example of the MRP Product Structure Record
Since the clipboard and lapdesk are finished products, the gross requirements row is simply copied from the master production schedule for those items
We begin with the clipboard In period 1, we have 25 units on hand and
That gives us (25 + 175) = 200 units available We use 85 of them to satisfy demand, leaving (200 – 85) = 115 units in inventory at the end of period 1
In period 2, we can meet demand from stock, leaving (115 – 95) = 20 units in inventory at the end of the period
In period 3, the 20 units on hand is not enough to cover our demand of 120 units We need to make 100 more Thus, ournet requirements are 100 units Since our lot sizing rule is lot-for-lot, we order exactly whatwe need, 100 units Recall that our lead time is one week If we wish to receive our order for 100 units in period 3, we must place the order one week in advance, in period 2
To meet demand in periods 4 and 5, we order 100 units in weeks 3 and 4, one week in advance of when we need them
Next, we’ll go on to the MRP matrix for lapdesks To meet our demand for
60 units in period 2, we’ll use the 20 units in stock and make 40 more
Before we release our work order for production, we check our lot sizing rule It says we should make 50 lapdesks at a time If the 50desks are to be ready by week 2, we need to start production in week 1 When the desks are completed, we’ll use 40 of them to meet demand and place 10 back in inventory Those 10 remain in inventory until period 4 when we use them to partially satisfy the demand for 60 desks We’ll need to make 50 more, and since 50 is our lot size quantity, that’s what we make If the desks are to be completed by week 4, we need to start production in week 3.
Pressboard is a purchased component cut to size and used in both the clipboard and the lapdesk As shown, its gross requirements are calculated by multiplying the planned order releases of each parent times the quantity per assembly contained in the bill of material.This process is called explosion ( * )
Explosion: the process of determining requirements for lower-level items.
Since one pressboard is needed for every clipboard and two for every lapdesk, period 1 gross requirements are (50 x 2) = 100; period 2, (100 x 1) 100; period 3, (100 x 1) + (50 x 2) = 200; and period 4, (100 x 1) = 100
With 150 units on hand, we can satisfy the demand in period 1 with 50 units left over
For period 2, we use the 50 in inventory and need 50 more Because our lot sizing rule says we mustorder at least 100 units and it takes 1 week to process an order, we place an order for 100 pressboards in week 1 When the 100 boards come in, we use 50 of them and put 50 back in stock To meet our demand in period 3, we use the 50 boards in stock and order 150 more The order is placed in week 2 to arrive in week 3 To meet period 4’s demand, we order 100 boards in week3, one week in advance of delivery.
We have now completed the MRP calculations To summarize the results, we construct a planned order report from the planned order release row of each matrix, as follows
2.2.2 Lot Sizing in MRP Systems
2.2.2.1 Lot-for-lot ordering policy
A method that orders or produces exactly the amount of each item that is needed to meet the demand for each period This means that there is no excess inventory or shortage of materials, and the inventory level is minimized
2.2.2.2 Fixed–size lot ordering policy
A manufacturer that uses the "assemble-to-order" manufacturing method keeps inventory of subassembly parts and assembles them into the finished product when a client places an order The plan depends on the business's capacity to assemble and distribute goods swiftly
• Maximum ordering quantities is the smallest quantity of merchandise a supplier will sell in a single order The minimum order quantity (MOQ), which is usually established by manufacturers or suppliers, is meant to guarantee that the provider can turn a profit on the sale and cover the expenses incurred in creating or delivering the goods
Certain items such as flatware, glassware, and dinnerware will only be available for rental in multiples instead of per piece
RESULT
Presentation and feedback
In this presentation, we covered the topic of Chapter 6 - Resource Planning The presentation lasted approximately one hour and a half We created and displayed our slides using Microsoft PowerPoint.
The team involved in the presentation consisted of 9 members, each of whom contributed their ideas and information to the content of the presentation
We organized meetings to discuss ideas, share information, and provide feedback to each other This allowed us to have a diverse and rich perspective on the topic.
To promote interaction and audience participation, we utilized a quiz website to conduct online quizzes The audience could access the website, participate in answering questions, and receive instant feedback This created an engaging and interactive space between the presenters and the audience.
In summary, our presentation took place within the allocated time, using a slide creation application, and involved contributions from all team members We also incorporated a quiz website to facilitate interaction with the audience This presentation provided a positive experience and fostered lively discussions
3.1.2 Feedback on the Teamwork Process
Strengths: Our team demonstrated good organization, effective communication, and a spirit of unity and support This created a positive work environment that encouraged creativity and the contributions of each team member.
Organization: Our team demonstrated good organization throughout the teamwork process We established a specific work schedule, clear task assignments, and set specific goals for each stage of the project This helped us maintain progress and achieve our set objectives
Communication: Communication within the team was effectively executed We utilized tools such as email, messaging applications, and online meetings to exchange information and opinions Every team member had the opportunity to discuss and contribute their ideas This helped us maintain cohesion and consensus throughout the work process.
Task Allocation: Task allocation was carried out fairly and reasonably within the team We carefully considered the skills and abilities of each member to ensure that work was distributed logically and efficiently Each member contributed to the project and completed their tasks on time.
Unity and Support: The spirit of unity and support existed within the team Each member was available to assist one another when facing difficulties, and we shared our knowledge and experiences This positive mindset created a comfortable work environment that encouraged creativity and collaboration.
Areas for Improvement: Although the teamwork process went well, we can enhance our work efficiency by improving time management and task allocation We can also ensure that all opinions and ideas from team members are listened to and considered fairly.
Overall, throughout this teamwork process, we had a positive experience and achieved the objectives of the project.
Knowledge and skill
We now fully comprehend resource planning and several associated phrases as a result of our presentation We understood every aspect of the presentation and preparation process thanks to the lecturer’s slides and the Internet reference materials.
Resource planning is the process of identifying, forecasting, and allocating best-fit resources, i.e., human resources, equipment, assets, facilities, and more, to the projects at the right time and cost.
Additionally, it guarantees the effective and efficient use of resources throughout the entire company To put it another way, it's the process of strategic planning to deliver each project on schedule and within budget while maximizing the utilization of resources based on their capacity and availability.
We now have a better knowledge of the essential Resources Planning through the preparation and presentation of this chapter, which includes MRP technique, Lot-sizing in MRP system and Advanced Lot-sizing rules (L4L, EOQ, POQ)
Our group has acquired the following skills and information from the presentation that are necessary for both daily living and work:
First of all, Forecasting and resource planning offer insight into how resources will be used during a project Using these skill sets, resources from non- billable projects can be moved to strategic and billable initiatives in an organized resource strategy to generate more money This helps increase productivity and employee happiness by preventing the under or overuse of resources.
Moreover, managers can see the resource's current and future allocations on a single platform with the help of an effective resource scheduler Additionally, they can regularly compare the resource consumption report between forecasted and actual usage, optimizing resource utilization levels as necessary Therefore, forecasting skill is one of the most important skills we have had after presenting this chapter.
Secondly, a project's ability to fulfill deadlines and stay under budget is the measure of success Effective resource management guarantees that all project resource needs are recognized and met This also entails monitoring project performance over the course of their lifetime because resource needs vary from time to time.
In summary, we learn several new abilities from the presentation The whole material presented in the presentation may be summed up by creating games for everyone, starting with the first step of selecting important keywords and continuing until later completion Every step of the preparation process for our presentations requires a high level of ability To put it another way, having the ability to speak about a significant topic gives us all the chance to acquire more experience down the road.
Improving recommendations
Firstly, the hours are still not flexible or clear, and assignment deadlines are approaching the conclusion of the semester, so we should have controlled the time better than we did Second, the script did not adequately address the article's core themes, however, it was later revised Finally, the presentation slides still lack any relevant graphics in the lesson as well as any highlights, giving the listener and viewer the impression that the lesson is not fascinating and is still uninteresting.
For starters, our lectures should include practical applications so that everyone can readily envision the principles and how to apply such concepts in their studies and in the workplace Second, presenting without the use of documents such as paper or a phone is unquestionably important in order to make the presentation more appealing and engaging with the audience Third, the presentation lacks clarity in terms of language and continues to fumble Finally, following each person's presentation, the presenter did not inquire if anyone had any questions or concerns, implying that everyone understood the lesson and could go to the next section.
CONCLUSION
After extensive preparation, we finished the most fundamental material, set up the presentation with the slides, and gave our lecture on Chapter 6 (Second Part): Resource Planning Engaging in the chapter's contributions enables us to acquire practical skills related to friendships, teamwork, and functioning within the professional system of cooperation and collaboration, in addition to the immense value of knowledge Additionally, with the assistance of our kind lecturer, we get the opportunity to demonstrate our labor and effort As a result, we have enhanced, expanded, finished, and highlighted our section's top features
We have the opportunity to learn the most fundamental information and comprehension about the Logistics and Supply Chain division
Our knowledge in creating the foundational level for advanced courses in learning and investigating the department of logistics and supply chain management in the future has been strengthened by this project, which took the shape of a workshop.
We have erred in several areas during this endeavor, including technological equipment However, we delivered our lecture in a way that met the teacher's expectations and effectively taught the material to the class, allowing us to grow as individuals and as a team and become more aware of our shortcomings during this time We will have the opportunity to do this by combining hard and soft skills in the upcoming team project.
PEER ASSESSMENT
Trương Quang Khải IEIEIU22077 100% Đặng Hoàng Nam IEIEIU22078 100%
Nguyễn Ngọc Uyên Phương IEIEIU22030 100%
Nguyễn Trần Anh Thư IEIEIU22038 100%
Doãn Trần Minh Thư IEIEIU22101 100%
Nguyễn Thị Hà Trang IELSIU22256 100%
Nguyễn Ngọc Phương Uyên IEIEIU22088 100%
Lê Thị Hoàng Yến IELSIU22260 100%