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!!
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
Hi Maithreyi, Thanks for the like! Please enjoy watching additional Operations Management Videos from OSCMhelp.com. Content is continually being added! Thank You!
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 ?
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
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.
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
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
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
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?
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
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
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!
@@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.
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!!
Same here. Online learning has been ok; no travel expenses, but it has been difficult.
Pro trick: you can watch movies at Flixzone. I've been using it for watching loads of movies lately.
@Maurice Frank Yup, have been using Flixzone for months myself :)
This video is an absolute savior. Thank you so much!
Prof spend weeks teaching this and watching this 8 minute video I learned more than I did in class; thank you.
I have an exam tomorrow and I could study with this. This lecture was very helpful to me.thanks a lot. :)
watched my lecture video like 100 times and still couldn't get it . Thank you so much. I almost gone crazy.
I did one with Fixed Order Quantity & its all because of this video . Thanks bro very helpful and straight forward.
I wish University professors taught like this in a sensible way. Thanks!
Much appreciated! I finally understood through your lecture
I wish you were our teacher in our university.Thanks alot, it was really helpful sir
Watched so many videos but this is the best 👍🏻.
Lean and simple, you are awesome man
Thanks Tim. You have explained the concept very well.
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
That's what I got too.
True, I think he made a mistake.
True.
Bro, I mean it when I say THANK YOU for this vid!
thank you so so much, this makes so much sense than what my teacher taught me :"))
Helo Mbak
Thank you very much!🎉❤
Thank you, wonderful content !
quite clearly!! I really loved your explication Mr. Nelson. Thanks a lot!!
thank you for doing what my professor could not.
Great explanation, appreicate it!
Lool thanks, you saved me :)
great video!
Thanks you sir ❣️
That was a great help ❣️❣️
Very helpful ! Thanks a lot !
wow my proff made this look sooo much difficult than it really is, thankss!!!
Lesson very well explained. Thanks a lot!
Hi Maithreyi,
Thanks for the like! Please enjoy watching additional Operations Management Videos from OSCMhelp.com. Content is continually being added!
Thank You!
This is so helpful and very simple! Thank you so much
Thanx man! Great video
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 ?
You're the BEST man!!!!
Thanks a lot
You should teach. Better than my #1 in the nation undergrad program professor.
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
Very clear explanation, thank you for this.
It’s amazing, i can totally understand. Hope you can upload lot sizing rule multiple, God bless.
helped alot!
Awesome man!! It helps a lot.
What a great video. Thank you very much.
OMG! thank you so much! it actually makes sense now :)
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) ?
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.
Very nicely explained 👍
Thank you!!!!!!!!
thanks for this video and i wanna ask what about safety stock in this process ?
Thanks this was really helpful
This video was really helpful!
thank you so much, you made it so easy for me :)
omfg thank you, my prof sucked at this
thanks a lot... your video is really helpful... keep doing this bro...
very clear explanation. thanks a lot
Excellent explanation, thanks for sharing it.
a lot of help! Thanks a lot
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
Superb explained👌👌
Really was helpful, Thanks a lot....
thank you so much ! I finally understood it
thoroughly explained, just want to know how to calculate further cost of total inventory in your case? let me know
hi, only a question: to calculate the cost is need moltiplicate every order cost x sum of order realased?
very clear MRP
Is projected on hand sometimes the” end of month” quantity? That is previous month inventory plus scheduled receipts MINUS gross requirement?
Correct. So it's the leftover from the previous month which is what you have to start with for the new month.
thank you very much
Very helpful, Thank you
you made it easy for me thank you
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
Pretty good video. Thanks.
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
Thank you!
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?
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 ?
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?
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
Thank you. My lecturer was unable to explain it clearly.
Thanks !
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?
Thanks a lot great explanation
thank's alot that was extreme easy :)
Would you please make videos a little bit louder?
Thanks
Please give me your Divine blessings
i don not understand the schedule receipt ,can i get the idea ?
Please let me know if LLC value is non zero. What difference it would make?
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
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!
you're a god, i fucking love you!
Love it
what if the company requires a safety stock?
so helpfull. thanks a lot
Thank You
What is the total cost for this?
Thank a lot!!!
Great
helpful
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
great job explaining this shite :)
then?
u save me !hhh
I'm glad the video was helpful! Thanks for watching OSCM Help!
And people say socialism doesn't work because economic planning.
Interested in explaining?
@@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.
Appreciate the video thanks a lot🫶🏾❤️
Thank you so much
Thank you
thank you