ASSIGNMENT HELP | Would it be more valuable if it were updated daily?

 Discussion topic and question (just a few paragraphs are required, doesn’t need to be too long)

Part 1: Many practitioners currently update MRP weekly or biweekly. Would it be more valuable if it were updated daily? Discuss the pros and cons of updating daily versus updating weekly or biweekly.

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Part 2: In an agreement between a supplier and a customer, the supplier must ensure that all parts are within specification before shipment to the customer. What is the effect on the cost of quality to the customer? What would be the effect on the cost of quality to the supplier?

Respond to two peers discussions below (just need a few sentences in the response)

MODEL ANSWER

Part 1

The number of times the MRP ought to be updated depends on the planning strategy of any organization. Therefore, both options (weekly or biweekly) are viable. Furthermore, undertaking an MRP is based on either period will have both advantages and disadvantages, and hence it is up to an organization to weigh the two and pick one that is more advantageous. Updating daily is advantageous as it takes care of the variations that come up | PLACE YOUR ORDER NOW AT writtask.com | variations can be averaged for an organization to capture weekly | PLACE YOUR ORDER NOW AT writtask.com | disadvantageous as it is bound to experiencing abnormal variations from expected output. Furthermore, daily…

Part 2

In a supplier-customer agreement, the supplier must ensure that all components of any product which is to be shipped are not only the right ones but also in good | PLACE YOUR ORDER NOW AT writtask.com | component and ensuring that it meets the quality desired by the customer, the cost of inspection and the quality of components will have to be included in the final price of the | PLACE YOUR ORDER NOW AT writtask.com | not necessarily feel the cost since all costs of inspection …

Review of the peer 1 In part 1, the author correctly responds that an MRP will be updated based on the organization’s | PLACE YOUR ORDER NOW AT writtask.com | not explain the advantages/disadvantages of biweekly updates. For the weekly…