In this lesson, we develop a materials requirements plan (MRP) with an L4L ordering structure. If you're interested in more content, please visit our website at oscmhelp.com!
Пікірлер: 107
@naomilee80564 жыл бұрын
Learning MRP through my zoom class during quarantine has been a headache, this explained everything that I've been trying to figure out the past several hours - but in 8 minutes, thank you!!
@dtaylor54933 жыл бұрын
Same here. Online learning has been ok; no travel expenses, but it has been difficult.
@mauricefrank85823 жыл бұрын
Pro trick: you can watch movies at Flixzone. I've been using it for watching loads of movies lately.
@adrienmadden44623 жыл бұрын
@Maurice Frank Yup, have been using Flixzone for months myself :)
@ankurgajjar18234 жыл бұрын
Prof spend weeks teaching this and watching this 8 minute video I learned more than I did in class; thank you.
@varunaggarwal88326 жыл бұрын
You were suppose to subtract 350 to 110 which is 240 for the purchased in the first month and then subtract 145 plus 150 to get 245 for the second month
@MissDJErinB5 жыл бұрын
That's what I got too.
@miledysdatena98655 жыл бұрын
True, I think he made a mistake.
@taufiqulhaque8383 жыл бұрын
True.
@kyeelaquilariaty92346 жыл бұрын
I have an exam tomorrow and I could study with this. This lecture was very helpful to me.thanks a lot. :)
@azamashabani80653 жыл бұрын
watched my lecture video like 100 times and still couldn't get it . Thank you so much. I almost gone crazy.
@lloydlerefolo40164 жыл бұрын
I did one with Fixed Order Quantity & its all because of this video . Thanks bro very helpful and straight forward.
@alexyoung24712 жыл бұрын
I wish University professors taught like this in a sensible way. Thanks!
@khyxl93262 жыл бұрын
Much appreciated! I finally understood through your lecture
@edmundabreo23642 жыл бұрын
Thanks Tim. You have explained the concept very well.
@RitzB135 жыл бұрын
Watched so many videos but this is the best 👍🏻.
@berkhyt3 жыл бұрын
Lean and simple, you are awesome man
@syedzeeshan26544 жыл бұрын
I wish you were our teacher in our university.Thanks alot, it was really helpful sir
@Rawyu Жыл бұрын
Thank you, wonderful content !
@joeelassal7454 Жыл бұрын
Great explanation, appreicate it!
@nickwfm2 жыл бұрын
Very helpful ! Thanks a lot !
@gabrielcardoso38557 жыл бұрын
quite clearly!! I really loved your explication Mr. Nelson. Thanks a lot!!
@mikhakim2266 жыл бұрын
It’s amazing, i can totally understand. Hope you can upload lot sizing rule multiple, God bless.
@aisyahadindakusnandar26653 жыл бұрын
thank you so so much, this makes so much sense than what my teacher taught me :"))
@user-wh4ke3rd5u2 жыл бұрын
Helo Mbak
@bigdickbill62764 жыл бұрын
Thanx man! Great video
@greatbryan24844 ай бұрын
This is a really helpful video. I would like to ask, are you forecasting or how are you getting those number in gross requirements? I believe those numbers are coming from customers demand ?
@joshnk86513 жыл бұрын
Bro, I mean it when I say THANK YOU for this vid!
@jahangiransari43743 жыл бұрын
wow my proff made this look sooo much difficult than it really is, thankss!!!
@christiangalvis59184 жыл бұрын
thank you for doing what my professor could not.
@CoyMustache4 жыл бұрын
This is so helpful and very simple! Thank you so much
@maithreyiramesh93887 жыл бұрын
Lesson very well explained. Thanks a lot!
@timnelson45667 жыл бұрын
Hi Maithreyi, Thanks for the like! Please enjoy watching additional Operations Management Videos from OSCMhelp.com. Content is continually being added! Thank You!
@RM-en4uc4 жыл бұрын
very clear MRP
@mohamedessawy36784 жыл бұрын
thanks for this video and i wanna ask what about safety stock in this process ?
@patricks90574 жыл бұрын
Very clear explanation, thank you for this.
@khangwelomaphanda58305 жыл бұрын
You're the BEST man!!!!
@florianecordier75774 жыл бұрын
Thanks for the video, it was very helpful but I do not understand why beginning inventory of week 1 is 350 and not 240 (350-110) ?
@timnelson45664 жыл бұрын
Sorry for the delayed response. Beginning inventory in week 1 is 350 because 110 is given away by the END of week 1. When week 1 started, we still had 350.
@brianndlovu43065 жыл бұрын
Awesome man!! It helps a lot.
@oladipupoodutayo70807 жыл бұрын
What a great video. Thank you very much.
@kendalok6 жыл бұрын
thank you very much
@dragonsan59064 жыл бұрын
Thank you
@fatsow36393 жыл бұрын
Thank you!!!!!!!!
@michaelschindler28707 ай бұрын
Thank you very much!🎉❤
@TheJaebeomPark Жыл бұрын
great video!
@charanpreetgill90694 жыл бұрын
Very nicely explained 👍
@aniksaha6384 Жыл бұрын
Thanks you sir ❣️ That was a great help ❣️❣️
@Tom-nf3ix4 жыл бұрын
Thanks this was really helpful
@faisalalabdulwahab60306 жыл бұрын
very clear explanation. thanks a lot
@supermanaman17 жыл бұрын
You should teach. Better than my #1 in the nation undergrad program professor.
@timnelson45667 жыл бұрын
Hi Da Man, Thanks for watching the video! And thank you for the positive affirmation! Please visit oscmhelp.com when you have the chance. It's a living website with new content every week regarding operations and supply chain management material! Thanks again! Tim
@jenneyloutfi63364 жыл бұрын
OMG! thank you so much! it actually makes sense now :)
@harumigupta73016 жыл бұрын
This video was really helpful!
@akshayrayden76815 жыл бұрын
Really was helpful, Thanks a lot....
@phongcaraven873 жыл бұрын
Thank you. My lecturer was unable to explain it clearly.
@RealEstateWithEphraim Жыл бұрын
Thanks a lot
@ayonmahmud5 жыл бұрын
Very helpful, Thank you
@excel-finanzas-pakal55596 жыл бұрын
Excellent explanation, thanks for sharing it.
@madasalah61286 жыл бұрын
you made it easy for me thank you
@minyoongi-pf7pi2 жыл бұрын
helped alot!
@bibobnoor10305 жыл бұрын
thanks a lot... your video is really helpful... keep doing this bro...
@rammud90686 жыл бұрын
thoroughly explained, just want to know how to calculate further cost of total inventory in your case? let me know
@trangbui66707 жыл бұрын
a lot of help! Thanks a lot
@timnelson45667 жыл бұрын
Hi Trang, I'm glad the video was helpful! Thanks for watching OSCM help. There's more content being added on oscmhelp.com if you would like to learn more. Best, Tim
@dumpster90486 жыл бұрын
My professor discussed this by pointing at the projected image and "add this to that" or "subtract this to that" just because. Didn't even explain the reason why
@BettyWilliams1005 жыл бұрын
thank you so much, you made it so easy for me :)
@PnSeries76 жыл бұрын
Superb explained👌👌
@lasatashakya18044 жыл бұрын
thank you so much ! I finally understood it
@jetcen2 жыл бұрын
omfg thank you, my prof sucked at this
@DJenriqez9 ай бұрын
Lool thanks, you saved me :)
@vaibhavsns7 жыл бұрын
Pretty good video. Thanks.
@timnelson45667 жыл бұрын
Hi Vaibhav, Thanks for watching! Please let me know if you have any recommendations for new material you're looking to learn. And if you haven't already, please visit www.oscmhelp.com/. New content is added every week! Best, The OSCM Help Team
@fatimasamman34616 жыл бұрын
Thanks a lot great explanation
@avianacybersecurity3 жыл бұрын
Thank you!
@AhmadOssama6 жыл бұрын
thank's alot that was extreme easy :)
@nirajvyas99976 жыл бұрын
Thanks Please give me your Divine blessings
@ZRUGGZ214 жыл бұрын
Is projected on hand sometimes the” end of month” quantity? That is previous month inventory plus scheduled receipts MINUS gross requirement?
@ericruiz36844 жыл бұрын
Correct. So it's the leftover from the previous month which is what you have to start with for the new month.
@vicimusic32695 жыл бұрын
What happens if your gross requirements in the first week is too high? Do you put an order in planned order receipts? And if so, where do you offset to since the lead time is two months but you need it in the first week?
@joannea63375 жыл бұрын
What projected on hand is above the demand for the 1st term ? Do we just ignore the excess or do i put it in the next weeks projected on hand ?
@ChandrakalaVishwakarma-x8y2 ай бұрын
Love it
@araviindkrishnaraj27516 жыл бұрын
Wat if u need more than the minimum lot size??? Can you order or should it go to shortage? If shortage will the on hand inventory be negative or zero?
@timnelson45666 жыл бұрын
Hi Araviind, If you are ordering in an L4L system, you can order any amount that you desire! This means that if you needed 427 widgets for example, you could order exactly 427 widgets. Ideally, you would never really want a product to go to shortage if you can avoid it (and assuming it costs you more from a lost sale than the cost of inventory). If you are ordering in a Fixed Order Quantity (FOQ) system, then you would try to order just enough to have the right supply. For example, if you can only order in increments of 100, and you still need 427 widgets, then we would order 500 widgets to meet the demand. Hopefully this helps! Please reach out again if you still have questions. Thanks, Tim
@agaelang54064 жыл бұрын
so helpfull. thanks a lot
@dtaylor54933 жыл бұрын
Can someone clear something up for me? Does the safety stock carry over from week to week? Do you need to add the SS into your on-hand inventory?
@belocrno96745 жыл бұрын
Hi, do you know what are softwares which support MRP method? I know of a WinQSB but need a few more to present in my master paper so I would appreciate your help very much!
@sudharsansugumar39923 жыл бұрын
Would you please make videos a little bit louder?
@lusinemnatsakanyan36904 жыл бұрын
Thank a lot!!!
@PB-rn2rb4 жыл бұрын
what if the company requires a safety stock?
@mohamedessawy36784 жыл бұрын
i don not understand the schedule receipt ,can i get the idea ?
@ChiThienNe11 ай бұрын
What is the total cost for this?
@harumigupta73016 жыл бұрын
Please let me know if LLC value is non zero. What difference it would make?
@timnelson45666 жыл бұрын
Hi Harumi, I'm not familiar with what you're referring to when you mention the LLC value as non zero. Could you try to clarify for me? I'd be happy to try and help with more information. Best, Tim
@matijamajetic33896 жыл бұрын
hey m8,could u help me out with some MRP exam i have? it's rly similar to this,could i PM you or something? Thanks
@georgelittlefield61906 жыл бұрын
great job explaining this shite :)
@Zizofantasma5 жыл бұрын
then?
@hamzaelhadi25037 жыл бұрын
u save me !hhh
@timnelson45667 жыл бұрын
I'm glad the video was helpful! Thanks for watching OSCM Help!
@novosprospectus8823 жыл бұрын
And people say socialism doesn't work because economic planning.
@timnelson45663 жыл бұрын
Interested in explaining?
@novosprospectus8823 жыл бұрын
@@timnelson4566 this video is economic planning using inputs and outputs just like the soviet economic planners did in the soviet union which they called material balance planning which is similiar to the input output model of economics.