1. OPM2 Component Data X This is a Word file. You must download the file.
2. OPM2 Weekly Usage Data Y This is an Excel file. You must download the file.
The supporting Excel and Word files (see above) provide Normally distributed usage data and other key information relating to the inventory management and replenishment of components within a furniture assembly operation. Your task is to analyse and evaluate these data, using your choice of the methods covered in the lectures delivered since Reading Week. Specifically, you are required to:

a) Work out the key replenishment parameters for Item H1. Then, produce a fully-labelled graph of the expected inventory level for this component over the first 20 weeks of 2015.

b) Calculate the expected average inventory level (no. units) and value (£) for each component, during the whole of 2015.

c) Provide a detailed alternative inventory management policy that would help the company reduce its total annual stockholding costs by at least 20%, and quantify the expected savings.

d) Use the weekly usage data for Item H1, along with any other relevant parameters from your work on part ‘a’ (above), to develop the MRP records for Items H1, K3 and M4 over the first 26 weeks of 2015.

Need assistance with this?

Business Studies
Please follow this link to access the recording of the Adobe Connect video on developing light/modified duty programs:
http://eku-e-campus.adobeconnect.com/p6mz0nzjqxg/

Also, please note a few things from the video concerning your assignment. First, unlike classes before you, you do NOT have develop job descriptions (neither regular or light-duty). With the class cancellations, etc., we just ran out of time to cover that as thoroughly as I would have liked. Second, I expect only about four to five pages for your policy/program. Finally, you’ll see that I posted several sample policies/programs in the course documents section of Blackboard. Some of these samples are good, and some not so much. Many are a bit longer than I would anticipate yours being. After watching the video and reading the supplemental materials, distinguish the good policies from the bad, and model yours after those. Remember, longer is not always better.

I will be posting a link to Blackboard for you to upload the light/modified program – or – research paper on workers comp in your country/state.

Finally, keep in mind that I gave you the choice…at the start of the semester…on doing either the light/modified program or a research paper on the development of workers’ comp in your state/country. In case you want to do the research my country is Saudi Arabia

Business Studies
Please follow this link to access the recording of the Adobe Connect video on developing light/modified duty programs:
http://eku-e-campus.adobeconnect.com/p6mz0nzjqxg/

Also, please note a few things from the video concerning your assignment. First, unlike classes before you, you do NOT have develop job descriptions (neither regular or light-duty). With the class cancellations, etc., we just ran out of time to cover that as thoroughly as I would have liked. Second, I expect only about four to five pages for your policy/program. Finally, you’ll see that I posted several sample policies/programs in the course documents section of Blackboard. Some of these samples are good, and some not so much. Many are a bit longer than I would anticipate yours being. After watching the video and reading the supplemental materials, distinguish the good policies from the bad, and model yours after those. Remember, longer is not always better.

I will be posting a link to Blackboard for you to upload the light/modified program – or – research paper on workers comp in your country/state.

Finally, keep in mind that I gave you the choice…at the start of the semester…on doing either the light/modified program or a research paper on the development of workers’ comp in your state/country. In case you want to do the research my country is Saudi Arabia