Question

Question 4 Consider a manufacturing organisation that you are familiar with or work with. Discuss the inventory control approach that this particular organisation is likely to use. In your answer, you should relate the strategies and techniques in inventory management to the work environment. For context, provide a brief background of the organisation, its products, customers and suppliers. (10 marks) Venture Bike Pte Ltd assembles mountain bicycles using various components as shown in Figure 1 . Т.he company needs to deliver 50 bicycles in week 6, and 80 bicycles in week 10. (b) Stocks on hand in week 1 are shown in Table 3, Scheduled receipts for components are shown in Table 4. Implement the Material Requirements Planning (MRP) worksheet using Appendix 1 to schedule orders and operations for the bicycles and various components (15 marks)