I just wanted to post a message saying that I got an A+ in my operation management course. Your videos has been really really helpful and I wouldnt have been able to achieve this if it wasnt for your bright teaching and the way you engage students. You are a god send and to be doing this for free is something so noble of you, which I truly apperciate. Thank you so so much again, I hope your life is filled with nothing but light!!
Hi Sara, thanks for the update on how you completed your Operations Management coursework this semester! I am thrilled to hear that you got an A+... Great job! I am glad we could help contribute to your success. Thanks again for watching our videos and for asking thoughtful questions on many of them. Congrats Sara! Take care.
Hi Prinnce, that's great, glad we could help you on the exam! Come back anytime for more support on other Operations & Supply Chain Management topics related to your coursework. Also, we also have content at www.OperationsUniversity.Org that you can download for exam prep. Good luck this semester!
Hello, I've read operations management 11th versions and other MRP, inventory planning, management books. Would you have information how to deal MRP, requirement and return forecasting model for re-manufacturing parts?
Great question! The way I would handle the forecasting of returned parts would be to either 1) determine the amount of monthly defects and start to separately forecast them into the MRP schedule or 2) build in a buffer stock or safety stock into the MRP plan. That way you can account for whatever percent of returned products needs to be forecasted. With that said, if you are repairing the returned products, they will eventually become FG inventory, and then you will have over-forecasted because the inventory is useable per MRP logic. It is hard to answer this question without all of the context, but thank you for asking it!
Hi Emma, the annual demand (D) is generally the historical demand. In university coursework the demand will typically be given to you as part of the question. I hope that helps, please let me know if you have any further questions!
Not necesarilly relevant for this specific video, but I want to thank you a lot for the effort to post all your videos. Imho, this content should not be free, especially with the real life tips you provide.
Hi Christian, thanks for your feedback on our videos & this channel. I'm glad we can help. And don't worry, we make a few pennies every time you watch a video so it's not completely free :) Thanks for watching!
Hi! I first wanted to thank you sooo much for all the videos you have posted. I was wondering if you have any videos for Aggregate Planning and Waiting lines? Thanks!
Hi Sara, yes, both of those topics are covered in other videos. 1) Aggregate Planning can be found in the Ch14 playlist, specifically ruclips.net/video/GXb9D-k-0rM/видео.htmlsi=WhpotRVjpx6UzKOC 2) Waiting lines can be found in the Little's Law video: ruclips.net/video/r_T8veWYrEA/видео.htmlsi=cklJsXZZECL3TKy4 Thanks for watching our videos! ~ Brent
I just wanted to post a message saying that I got an A+ in my operation management course. Your videos has been really really helpful and I wouldnt have been able to achieve this if it wasnt for your bright teaching and the way you engage students. You are a god send and to be doing this for free is something so noble of you, which I truly apperciate. Thank you so so much again, I hope your life is filled with nothing but light!!
Hi Sara, thanks for the update on how you completed your Operations Management coursework this semester! I am thrilled to hear that you got an A+... Great job! I am glad we could help contribute to your success. Thanks again for watching our videos and for asking thoughtful questions on many of them. Congrats Sara! Take care.
This session really helped in solidifying this concept from me, heading into my final exam tomorrow. I appreciate this.🙏
You are welcome! 🙏 I’m sure you did great on your final exam. I appreciate you watching our videos!
Thank you soo much for this. I watched and understood this 30mins before exams.
Hi Prinnce, that's great, glad we could help you on the exam! Come back anytime for more support on other Operations & Supply Chain Management topics related to your coursework. Also, we also have content at www.OperationsUniversity.Org that you can download for exam prep. Good luck this semester!
Hello, I've read operations management 11th versions and other MRP, inventory planning, management books. Would you have information how to deal MRP, requirement and return forecasting model for re-manufacturing parts?
Great question! The way I would handle the forecasting of returned parts would be to either 1) determine the amount of monthly defects and start to separately forecast them into the MRP schedule or 2) build in a buffer stock or safety stock into the MRP plan. That way you can account for whatever percent of returned products needs to be forecasted. With that said, if you are repairing the returned products, they will eventually become FG inventory, and then you will have over-forecasted because the inventory is useable per MRP logic. It is hard to answer this question without all of the context, but thank you for asking it!
How to get the annual demand? Is it the budgeted demand or historical demand? Thank you.
Hi Emma, the annual demand (D) is generally the historical demand. In university coursework the demand will typically be given to you as part of the question. I hope that helps, please let me know if you have any further questions!
@@OperationsAndSupplyChain Thank you so much for the video. The step by step calculation guidance is very clear and helpful!
Not necesarilly relevant for this specific video, but I want to thank you a lot for the effort to post all your videos. Imho, this content should not be free, especially with the real life tips you provide.
Hi Christian, thanks for your feedback on our videos & this channel. I'm glad we can help. And don't worry, we make a few pennies every time you watch a video so it's not completely free :) Thanks for watching!
Hi! I first wanted to thank you sooo much for all the videos you have posted. I was wondering if you have any videos for Aggregate Planning and Waiting lines? Thanks!
Hi Sara, yes, both of those topics are covered in other videos.
1) Aggregate Planning can be found in the Ch14 playlist, specifically ruclips.net/video/GXb9D-k-0rM/видео.htmlsi=WhpotRVjpx6UzKOC
2) Waiting lines can be found in the Little's Law video: ruclips.net/video/r_T8veWYrEA/видео.htmlsi=cklJsXZZECL3TKy4
Thanks for watching our videos! ~ Brent