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Case-Based Critical Thinking Questions
Case 3-1
Column Chart Area Chart
Sarah has put together the same information in two different charts, shown in the figure above, to present to her boss. She is thinking through the pros and cons of each chart type.
-If Sarah wanted to focus on and display the percentage contribution that each category makes to the whole, which chart type would work best?
Master Production Schedule
A plan for individual commodities to be produced in each time period, serving as a component of the supply chain process.
Lot Sizing
The process of determining the optimal number of units to be produced, ordered, or delivered in one batch.
MRP
Material Requirements Planning, a system for efficiently managing the manufacturing process, including inventory levels, production planning, and scheduling.
Bill of Material
A comprehensive list of raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture a product.
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