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SCMT 2103 - Assignment3 - StartingExcel

The document outlines a production forecast for January to March, detailing the required production, working days, and inventory levels. It includes information on workers needed, production costs, and hiring/firing costs. Key figures include a total production of 465,000 units needed and various associated costs for labor and inventory management.

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Wilson
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8 views2 pages

SCMT 2103 - Assignment3 - StartingExcel

The document outlines a production forecast for January to March, detailing the required production, working days, and inventory levels. It includes information on workers needed, production costs, and hiring/firing costs. Key figures include a total production of 465,000 units needed and various associated costs for labor and inventory management.

Uploaded by

Wilson
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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January February March

Forecast 515,000 465,000 695,000


Working Days 22 19 21
Beginning Inventory 50000 0 0
Production Needed 465,000
Total Production Hours Needed 19375
Hours Working 176
Workers Needed
Workers Net
Hiring/Firing Cost
Production Cost
Total Cost

Workers 145 145 145


Hours Working
Production
Ending Inventory
Carrying Cost/Backorder
Production Cost
Total Cost
Beginning Inventory - January 50000
Beginning Workers 145
Production Time/unit 0.0416666667
Shifts 1
Hours per shift 8
Cost to Hire Workers $2,000
Cost to Layoff Workers $1,500
No Safety Stock Required
Production Cost $1.25
Backorder Cost $0.50
$0.00 Inventory Carrying Cost $0.25

$0.00

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