Module 4: Materials Management Exercise
Print a copy and keep it with you until we discuss it in class
This worksheet is designed for you to think about and fill in. There is information in chapter 4 that will help, but the answers are not directly in the chapter. Read, think, research and do your best!
Manufacturing has lower bound limits and upper bound limits for any given time period. This means that there is a minimum that should be produced in that time period and a maximum that can be produced in that time period.
If we can truly produce one of anything, what is the driving force behind our decisions for Lower Bound Limits? Here are hints:
What are they?
Think about the number that has just been produced for value out of this equation. Some numbers have units of measure such as miles per hour or inches per foot. Some numbers that have been calculated do not have a logical unit of measure label because it would not make sense.
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