GSW3CS

00:00:03 to 00:00:09 Hi everyone, this is Dr. Bel Burch and I wanted to welcome you to the Engagely session for

00:00:09 to 00:00:14 week three of Global Supply Chain Management 530, Global Supply Chain Resource Planning

00:00:14 to 00:00:16 and Management.

00:00:16 to 00:00:23 Alright, so when it comes to week three, this is one of those weeks and I've been prepping

00:00:23 to 00:00:31 each of you so far that this is going to be one of those weeks that is going to test you.

00:00:31 to 00:00:36 And I would love to sugarcoat it and say, hey, it's going to be all good.

00:00:36 to 00:00:38 It's going to be nice.

00:00:38 to 00:00:42 But I can't because then I'll be lying to you and I'm not about that.

00:00:42 to 00:00:46 And I want to make sure that everyone is fully prepared.

00:00:46 to 00:00:55 Now if week two was any indication of not to wait until the last day to do your assignment

00:00:55 to 00:00:59 and some of you, you submitted your assignment and you're going to see my feedback because

00:00:59 to 00:01:04 you waved until the last day and you didn't take my full advice. So some of you will get

00:01:04 to 00:01:11 feedback which I'll post tomorrow on the course, the case study for week two. It's all good.

00:01:11 to 00:01:15 Everybody, everybody got, everybody's doing good. It's just, you can get some feedback

00:01:15 to 00:01:19 from me because some of you missed a couple things that I mentioned to do in the engaged

00:01:19 to 00:01:28 session. This is a week you do not want to wait until the last day because it will trip

00:01:28 to 00:01:35 you up, you will get stressed out. In week 4, you have another complicated assignment.

00:01:35 to 00:01:39 So again, as you can tell, if, you know...

00:01:41 to 00:01:46 Submitting anything at the last minute or late, it just sets you on a trajectory that you are not,

00:01:46 to 00:01:54 it's going to be very impossible to recover. So it's in your best interest to, you know, at least

00:01:54 to 00:01:59 read the case study, I mean, the hope you had a case study early. And for those of you who attend

00:01:59 to 00:02:04 in life, you'll get a chance to read the case study with me. And my strong recommendation is take as

00:02:04 to 00:02:09 much notes as possible. Even the discussion questions this week, you got to pay attention.

00:02:09 to 00:02:14 So I mentioned in last week's Engagement session and in Week 1's Engagement session,

00:02:14 to 00:02:17 this course is going to test your discipline and attention to detail.

00:02:19 to 00:02:23 This week is one of those weeks where your attention to detail in what you read and what

00:02:23 to 00:02:28 I'm asking and how you respond is going to be critical. And I'll walk you through that this

00:02:28 to 00:02:34 week. Okay. I sent a bunch of emails out on Saturday and some on Friday to warn you all

00:02:34 to 00:02:38 to make sure to reach out to 14. And just, just...

00:02:39 to 00:02:43 Just for kicks and giggles, did anyone review chapter 14

00:02:43 to 00:02:45 before you attended tonight?

00:02:45 to 00:02:46 Did anybody?

00:02:46 to 00:02:49 That's live, read chapter 14, or at least skimmed it.

00:02:50 to 00:02:58 Okay. All right. So what I would tell you, and I can't see who exactly gave me the time. I think

00:02:58 to 00:03:08 it was Andrea and Jordan. Andrea and Jordan, can I get you to kind of tell the rest of your classmates

00:03:11 to 00:03:14 how you felt after reviewing chapter 14.

00:03:15 to 00:03:17 Just be honest.

00:03:17 to 00:03:23 As for me, it's pretty condensed.

00:03:23 to 00:03:29 It's like a lot of new terms, a lot of different...

00:03:31 to 00:03:37 What am I gonna say? I felt like I should have taken that class right after.

00:03:40 to 00:03:44 Yeah, I appreciate you saying that.

00:03:52 to 00:03:59 Well, for me, I mean, some of the terms I've seen in 520, I reflected when I took 540, you said,

00:03:59 to 00:04:07 week three, be prepared a week three. And I looked at some of the, what I recall from 520 was

00:04:07 to 00:04:19 more on MPS, more on MRP, more on VOMs. And I'm like, yeah, he warned me. And I looked

00:04:19 to 00:04:24 at the length of the chapter as well. It's a pretty lengthy chapter. And I was looking

00:04:24 to 00:04:30 at the MRP schedule, what the assignment is, the case study is. And I'm like, what is he

00:04:30 to 00:04:35 asking me to do? So I was like, yeah, I'm definitely going to get my blank the class

00:04:35 to 00:04:36 today.

00:04:36 to 00:04:40 Yeah, yeah, I appreciate both of you sharing that with the rest of everyone who's attending.

00:04:40 to 00:04:45 And the reason why is I will walk you through how to complete the homework. The homework is

00:04:45 to 00:04:50 difficult. It's extremely difficult. I'm not going to lie to you. It's extremely difficult.

00:04:50 to 00:04:54 I'll walk you through how to do the homework. Pay close attention. Please pay close attention.

00:04:54 to 00:05:00 Here's what I will tell you. I am more lenient if you do your own work, make the effort and not get

00:05:00 to 00:05:06 it correct. You will get a lot of leniency from me than if you try to go out on the web and grab

00:05:06 to 00:05:11 the answer. Here's how I will know if you did that because I will give you a

00:05:11 to 00:05:15 framework to complete and if you don't use that framework it's automatically a

00:05:15 to 00:05:19 red flag for me that you you know you didn't take my advice which I'm trying

00:05:19 to 00:05:25 to make this easy for you okay so if you attempt to do this on your own there is

00:05:25 to 00:05:28 going to be a hundred percent probability you're gonna be tempted to

00:05:28 to 00:05:33 go find something out on the web and it will be a hundred percent of all.

00:05:33 to 00:05:39 Okay, because you have to build this, you have to know how to do this. And I'll show you the

00:05:39 to 00:05:48 practicality of why this week is so important to your career and your focus within global supply

00:05:48 to 00:05:58 chain management. More importantly, this is a piece of content that you have to include in your course

00:05:58 to 00:06:04 project. So whether you try to understand it this week and apply to the homework, you're going to

00:06:04 to 00:06:10 have to figure out a way to do it if you wait until the last minute to do week eight cost project.

00:06:10 to 00:06:16 So again, another heads up. Once you finish this week, you should be, every discussion question

00:06:16 to 00:06:21 this week, you should not sleep on adding that to your course project. You do not want to wait

00:06:21 to 00:06:27 until week eight to have to review what we covered this week to tell me what you learned about MRP

00:06:27 to 00:06:33 and MBS you don't want to do that. That is you're you're gonna hurt yourself with the stress you're

00:06:33 to 00:06:37 gonna put on yourself and then you're gonna blame me and I didn't do it you know what I'm saying?

00:06:37 to 00:06:42 You know what I mean? So um so all right you all ready to jump in?

00:06:45 to 00:06:47 Loving the fact that 14 people joined tonight.

00:06:47 to 00:06:50 I'm just so thankful, y'all, because I'm thankful

00:06:50 to 00:06:53 because this is going to help you, all right?

00:06:54 to 00:06:55 No bones about it.

00:06:55 to 00:07:00 This week in chapter 14 is the focus on materials

00:07:00 to 00:07:03 and resource requirements planning.

00:07:03 to 00:07:08 There's a okay and a kind of not so okay version of week three.

00:07:11 to 00:07:13 And I'll tell you what that is, right?

00:07:13 to 00:07:15 So you have, I'll tell you how this applies

00:07:15 to 00:07:16 to the course project.

00:07:16 to 00:07:18 We're gonna go over the case study

00:07:18 to 00:07:20 and we'll jump into the discussion.

00:07:20 to 00:07:22 The discussions this week are tricky

00:07:22 to 00:07:24 and it's intended for you to focus on the areas

00:07:24 to 00:07:26 in the chapter that help you complete

00:07:26 to 00:07:28 the homework assignment, okay?

00:07:28 to 00:07:33 So if I go to modules and you look at week three,

00:07:36 to 00:07:38 Like I said, it's materials and resource requirements planning.

00:07:38 to 00:07:43 Chapter 14 is the reader material.

00:07:44 to 00:07:46 Look, this case study is going to be one

00:07:46 to 00:07:48 of the hardest 100 points you have, right?

00:07:49 to 00:07:53 But before we jump into the case study and the content

00:07:53 to 00:07:57 in the chapter, I want to touch on the discussion question,

00:07:57 to 00:08:00 the very first discussion question for the week, okay?

00:08:00 to 00:08:02 So best practice is to sort by newest first,

00:08:31 to 00:08:33 that you plan on using for your course project.

00:08:33 to 00:08:36 And the reason I added this piece in,

00:08:36 to 00:08:39 which prevents most people from actually jumping in

00:08:39 to 00:08:42 and answering the discussion question on a Monday

00:08:42 to 00:08:45 or a Sunday, is because I'm wanting you

00:08:45 to 00:08:49 to watch the Engagely session or attend live,

00:08:49 to 00:08:53 only so that you could see how to answer the homework question

00:08:53 to 00:08:55 and how to apply to your course project, right?

00:08:55 to 00:09:00 So it's like I put a bunch of trap doors in one

00:09:00 to 00:09:05 those, you know, it's like reveals at the end of a good drama series. Like, oh, he's the one that

00:09:05 to 00:09:11 kills everybody, right? Like, you know, so I'm doing that purposely for you. Part B, don't sleep

00:09:11 to 00:09:17 on part B. Let me unpack part B for you, right? So you'll know exactly how to answer part B.

00:09:18 to 00:09:24 It says, based on what's listed in textbook, what is, what is the material, the master production

00:09:24 to 00:09:30 schedule process, right? And what are two to three material requirements planning inputs and two to

00:09:30 to 00:09:40 three material requirements planning outputs? There's two parts to this question. It's asking

00:09:40 to 00:09:46 you about massive production schedule. That's a concept, right? NPS. And it's asking you about MRP.

00:09:47 to 00:09:52 And by the end of this week and next week, you will learn a totally new language and you're not

00:09:52 to 00:09:57 even going to have to go through Rosetta Stone or Babel or whoever, right, or Duolingo. Not

00:09:57 to 00:10:05 Duolipa, but Duolingo. So, you know, one of the things that this week will teach you is how to

00:10:05 to 00:10:13 leverage and use some of the terminology that you have heard in the past and may not necessarily

00:10:13 to 00:10:16 know how to really stitch it into your talk track. More importantly, I'll show you how you get exposed

00:10:16 to 00:10:25 to this on the regular. Okay. And then part C is asking you about the inputs to MRP from

00:10:25 to 00:10:30 chapter 14 to this Rolls Royce video. So Rolls Royce, which all of us would like to own the

00:10:30 to 00:10:34 Rolls Royce, maybe some of you don't. I mean, I'm a Rolls Royce person, but if somebody

00:10:34 to 00:10:39 buy me one, I'll drive it out. I'll drive it. I'll lean back like Fat Joe says in his

00:10:39 to 00:10:45 song and I'll really make it look nice. Right. I wouldn't even drive, I get a driver, but

00:10:45 to 00:10:49 You see how Rolls Royce does, MPS and MRP.

00:10:49 to 00:10:56 There's a video that I'm posting tomorrow, in tomorrow's discussion question, that is

00:10:56 to 00:10:57 Christian Label Tim.

00:10:57 to 00:11:00 For my ladies, they say, yeah, red bottom shoes.

00:11:00 to 00:11:05 So you see even then how some of the more pop culture and fashion icons leverage some

00:11:05 to 00:11:07 of these concepts.

00:11:07 to 00:11:09 So just food for thought.

00:11:09 to 00:11:14 But part B is critically important to you, okay?

00:11:14 to 00:11:18 Because in order to build, in order to do the homework, you need to understand what

00:11:18 to 00:11:22 is the master production schedule and the steps to a master production schedule.

00:11:22 to 00:11:28 And then you also need to learn what is the material requirements plan and how to build

00:11:28 to 00:11:30 an MRP record.

00:11:30 to 00:11:31 Okay?

00:11:31 to 00:11:36 So that said, I want to jump into chapter 14.

00:11:36 to 00:11:39 And I hope everyone is ready.

00:11:39 to 00:11:43 Okay, because this chapter is a doozy.

00:11:43 to 00:11:46 It's not that difficult if you take a step back,

00:11:46 to 00:11:50 but try not to put stress on yourself

00:11:50 to 00:11:52 as I'm walking through it and say,

00:11:52 to 00:11:54 man, I gotta remember this because of the homework.

00:11:54 to 00:11:55 Just absorb it.

00:11:55 to 00:11:57 Just take a step back and absorb it.

00:11:57 to 00:12:00 And if I index on something, just take some notes, all right?

00:12:00 to 00:12:02 So, all right, let's go to chapter 14.

00:12:04 to 00:12:10 I told you guys some there's an okay story with week three and a not so okay story. So the okay

00:12:10 to 00:12:17 story is for this week we're only going to cover half of chapter 14. Right, cover next week. Okay

00:12:17 to 00:12:25 so that's that's the okay story. The not so okay story is the half we're going to cover this week

00:12:25 to 00:12:31 is required for the homework and you need to know how to do it. Okay so it says materials and

00:12:31 to 00:12:35 resource requirements planning. The title of the class is resource planning and management.

00:12:35 to 00:12:42 We got some resource planning and management. What's interesting about chapter 14, which

00:12:42 to 00:12:46 comes on the heels of chapter 13, which was last week sales and operations plan and the

00:12:46 to 00:12:51 concept and methodology, the framework and process of doing it, along with aggregate production plan,

00:12:51 to 00:12:56 chase hybrid or level production strategy, which the only way you could do that is building off

00:12:56 to 00:13:00 your demand plan, your demand forecast, and how you manage your demand. The only way you could

00:13:00 to 00:13:08 understand how to do forecasting is you have to understand the components of the other band and having an accurate forecasting tragedy whether it's qualitative or statistical model base, right?

00:13:08 to 00:13:13 So you see week one, two and three, you have to understand the content from week one,

00:13:13 to 00:13:18 you have to understand the content from week two in order to be successful at this week. And

00:13:18 to 00:13:24 similarly, you have to understand all of weeks one, two and three in order to be successful at week four.

00:13:24 to 00:13:25 Okay. All right.

00:13:25 to 00:13:29 So we're going to be talking about material requirements planning

00:13:29 to 00:13:32 and resource requirements planning in Chapter 14.

00:13:32 to 00:13:35 The resource requirements planning, we'll cover that next week.

00:13:36 to 00:13:39 This week, it's going to be material requirements planning, MRP.

00:13:39 to 00:13:42 And everyone got exposed to that in 5.20, like Jordan said.

00:13:42 to 00:13:46 Okay. I want to jump right to some key things here.

00:13:46 to 00:13:52 On page 508, it kind of breaks down the difference between MRP, DRP, and CRP.

00:13:52 to 00:13:56 MRP calculates, which is material requirements planning, it calculates how much raw material

00:13:56 to 00:14:02 parts assemblies and sub-assemblies are needed for production. Distribution requirements planning

00:14:02 to 00:14:07 is talking about the distribution of finished goods and CRP capacity requirements plan is

00:14:07 to 00:14:11 talking about how much resources you have available to you to do what you need to do.

00:14:11 to 00:14:18 There potentially may be a quiz question in the upcoming quiz in week five that asks you about,

00:14:18 to 00:14:25 I'll ask you a question that is either listed in one of these or one of this and it's going

00:14:25 to 00:14:29 to say is it MRP, CRP, or DRP or ERP?

00:14:29 to 00:14:31 Here's a trick for you.

00:14:31 to 00:14:35 If it's raw materials, it's material requirements planning.

00:14:35 to 00:14:38 If it's finished good, it's distributions.

00:14:38 to 00:14:42 Because in order to build anything, whether it's to produce a service or a product, you

00:14:42 to 00:14:43 need materials.

00:14:43 to 00:14:45 That's why you need material requirements planning.

00:14:45 to 00:14:47 You need to plan for the materials required

00:14:47 to 00:14:48 to make what you make.

00:14:48 to 00:14:52 So even the sneakers that I buy require materials, right?

00:14:52 to 00:14:55 The phone that you're using require material, raw materials.

00:14:55 to 00:14:58 If it's distribution, if it's finished goods

00:14:58 to 00:15:00 and you're trying to get it from your factory

00:15:00 to 00:15:02 to a warehouse or to a retail location

00:15:02 to 00:15:04 or to your endpoint, which is your front door

00:15:04 to 00:15:08 through Amazon Prime or FedEx UPS or USPS,

00:15:08 to 00:15:10 that's distribution requirements plan, right?

00:15:10 to 00:15:13 So that matters for next week,

00:15:13 to 00:15:15 but I'm giving you a heads up this week.

00:15:15 to 00:15:20 If you notice, each week I'm giving you that preview

00:15:23 to 00:15:25 that says last time on Game of Thrones,

00:15:25 to 00:15:26 here's what occurred, right?

00:15:26 to 00:15:29 So you kind of get that preview.

00:15:29 to 00:15:32 And at the end of every episode,

00:15:32 to 00:15:34 next week and next season is the one,

00:15:34 to 00:15:37 whatever show you watch, okay?

00:15:39 to 00:15:40 I'll let you read through the whole

00:15:40 to 00:15:42 independent, dependent, demand stuff.

00:15:42 to 00:15:43 I'm not gonna touch on this.

00:15:43 to 00:15:47 I really want to get to the material requirements planning.

00:15:47 to 00:15:50 I just mentioned what material requirements planning is.

00:15:50 to 00:15:53 If I ask you to describe it, here's

00:15:53 to 00:15:54 the definition I'm looking for.

00:15:54 to 00:15:57 It's a planning and scheduling system, right?

00:15:57 to 00:16:01 And MRP determines how much and when

00:16:01 to 00:16:06 to produce a time phase schedule based on lead time,

00:16:06 to 00:16:08 considering actual orders and forecasts.

00:16:08 to 00:16:12 So that is as sexy as whatever, right?

00:16:12 to 00:16:15 Nobody wants to even try to put your head around

00:16:15 to 00:16:18 how boring that statement is.

00:16:18 to 00:16:20 But here's what's important about material requirements

00:16:20 to 00:16:20 plan.

00:16:20 to 00:16:24 It says, it is widely used, especially manufacturing.

00:16:24 to 00:16:27 It is a standard function found in enterprise resource plan.

00:16:27 to 00:16:29 Here's another RP.

00:16:29 to 00:16:32 So I just talked about MRP, CRP, DRP,

00:16:32 to 00:16:34 and now we're talking about ERP.

00:16:34 to 00:16:38 That's on top of SNOP, demand plan, and an APP,

00:16:38 to 00:16:39 aggregate production plan.

00:16:39 to 00:16:43 So right away, you could see the breadth and depth

00:16:43 to 00:16:46 and exposure of all these concepts

00:16:46 to 00:16:50 that you're going to have to understand how they interact

00:16:50 to 00:16:51 to tell me what you learned about it

00:16:51 to 00:16:54 and give me examples of it in action

00:16:54 to 00:16:56 for your cost project in week eight.

00:16:56 to 00:16:59 Another reason why you should not wait until week eight

00:16:59 to 00:17:01 to start your cost project.

00:17:01 to 00:17:03 Okay, let's keep going.

00:17:03 to 00:17:05 So this whole section talks about what MRP does.

00:17:05 to 00:17:07 It matches supply with demand.

00:17:07 to 00:17:10 So if it matches supply with demand,

00:17:10 to 00:17:12 if it's chasing demand,

00:17:12 to 00:17:15 the aggregate production plan strategy,

00:17:15 to 00:17:17 MRP supports a chase strategy.

00:17:17 to 00:17:19 You guys see what I did there?

00:17:19 to 00:17:21 You see how it connects?

00:17:21 to 00:17:22 Okay.

00:17:23 to 00:17:27 Nobody? Somebody? I'll let you boy. All right, cool. Keep going.

00:17:29 to 00:17:38 So that said, let's dive into MRP. And in order to unpack how to build a mass production schedule

00:17:38 to 00:17:43 and a material requirements plan, we're going to use this example of a barbecue grill set. So you

00:17:43 to 00:17:48 see this barbecue grill set right here? You kind of got the, you know, you got these tongs,

00:17:48 to 00:17:53 a spatula and a fork, right, and the case to hold them. So, you know, some of you in the past may

00:17:53 to 00:17:58 have bought some people this, or if you were a griller, you know, my boss, uh, earlier this year,

00:17:58 to 00:18:03 he decided, he said, man, Dale, you've been doing such a great job. You know, he sent me a Genesis

00:18:03 to 00:18:08 grill, said a thousand dollar grill. I think I used it once because I'm not a griller. You know what

00:18:08 to 00:18:13 I mean? It's sitting on my back patio with the cover on. They're like state of the art, man.

00:18:13 to 00:18:17 like stayed out here, like buttons all over the place. I'm like, man, this is cool. Um,

00:18:17 to 00:18:22 and show you how much I'm not a gorilla. I hadn't even bought any of this stuff yet for it. So

00:18:23 to 00:18:27 this example actually matters to me real time, even though I taught this class a lot, right? So

00:18:27 to 00:18:32 you see this barbecue grill set, you got the fork, the spatula and the tongs, and you just look at

00:18:33 to 00:18:37 how it's made up, right? You got like this metal piece right here. You got the handlebar,

00:18:37 to 00:18:42 which is wooden. You got these like bronze or brass rivets that's holding it together.

00:18:42 to 00:18:47 you got to sleeve the whole nine yards, right? So the first thing in any sort of material

00:18:48 to 00:18:52 requirements plan, and think about it, right? Like what would you buy? You buy this maybe at Walmart,

00:18:52 to 00:18:58 at Prime, at Home Depot, Lowe's, Ace Hardware. So the question is, how does the company,

00:18:59 to 00:19:02 or any one of those companies that supply this barbecue grill set,

00:19:03 to 00:19:05 how do they forecast the demand for this grill set?

00:19:07 to 00:19:13 Right. And how do they actually convert that demand into sales?

00:19:13 to 00:19:17 For example, if you're looking at it on a website, they're tracking the clicks of an item.

00:19:17 to 00:19:24 That's why every time you click on something on a website, you become part of the demand plan.

00:19:24 to 00:19:29 So they need, you know, if you click on a website, that's why they have those spiders

00:19:29 to 00:19:30 grabbing it and the cookies, right?

00:19:30 to 00:19:33 That's why you could opt out of, you know, cookies.

00:20:02 to 00:20:05 left and if you order now you get it in two hours, right?

00:20:05 to 00:20:10 Like, you know, that's kind of how SLOP works for demand.

00:20:10 to 00:20:14 So if Ace or whoever is selling this barbecue grill set,

00:20:14 to 00:20:16 they have this as a demand.

00:20:16 to 00:20:20 The question is the company that's making this to supply

00:20:20 to 00:20:23 to Ace or Home Depot, Amazon or Walmart,

00:20:23 to 00:20:28 how do they know how much to order materials

00:20:28 to 00:20:32 based on that demand to manufacture this product?

00:20:32 to 00:20:35 Okay, so that's the premise of chapter 14.

00:20:35 to 00:20:36 That's when when you read it,

00:20:36 to 00:20:39 you'll see the girl said all throughout.

00:20:39 to 00:20:40 All right, let's keep going.

00:20:41 to 00:20:48 So one of the things about MRP that is important is you need to know what the inputs to MRP is,

00:20:48 to 00:20:53 and the inputs are the master production schedule, the bill of materials, and inventory records,

00:20:53 to 00:20:59 which include planned lead times, right? And this image, which is kind of blurry, I don't know why

00:20:59 to 00:21:05 this textbook does that, you could see MRP as the heartbeat of an operation. And you could see the

00:21:05 to 00:21:11 master production schedule, which is the production schedule for all the different parts that you

00:21:11 to 00:21:16 have to order. So the mass production schedule for the growth set would be all those parts,

00:21:16 to 00:21:24 the fork, the tongues, the spatula, and the case. Not just produce 100 forks and 100 spatulas,

00:21:24 to 00:21:29 it's everything, right? You also have the bill of materials. What are the bill of materials?

00:21:29 to 00:21:32 You know, when you decide to put together something and you get that piece of paper that

00:21:32 to 00:21:38 says, hey, these are all the parts and here's what makes up the sparks. For example, I recently had to

00:21:38 to 00:21:40 and get my Peloton bike.

00:21:40 to 00:21:43 I got both the Peloton bike and the Peloton tread

00:21:43 to 00:21:44 here in my office.

00:21:44 to 00:21:48 So if I'm working from whomever, I end up just take a break

00:21:48 to 00:21:50 and go crank out a couple miles on the bike, about six

00:21:50 to 00:21:52 or seven miles on the bike.

00:21:52 to 00:21:54 I'll do a mile and a half on the treadmill.

00:21:54 to 00:21:56 But here's an example of a peloton material.

00:21:56 to 00:21:56 Look at that.

00:21:56 to 00:21:57 That's my peloton.

00:21:57 to 00:21:59 I had to replace the monitor.

00:21:59 to 00:22:04 So that picture we typically get, that's a VLM.

00:22:04 to 00:22:06 It's a planning bill of all the materials

00:22:06 to 00:22:08 and self-assimilaries you have, okay?

00:22:08 to 00:22:10 I'll show you even one better.

00:22:10 to 00:22:12 You didn't think you would get this,

00:22:12 to 00:22:15 the Jordan, the Lebronze I bought last year,

00:22:15 to 00:22:15 what came in it?

00:22:15 to 00:22:17 You have the limiteras, look at that.

00:22:17 to 00:22:19 The breakdown of the sneakers, see that?

00:22:20 to 00:22:23 Bill of materials all over there, inventory records.

00:22:23 to 00:22:27 How much inventory do I have on hand versus how much do I need to order?

00:22:27 to 00:22:29 And the output is primary and secondary for.

00:22:29 to 00:22:30 So Jordan mentioned it.

00:22:30 to 00:22:32 He said, man, I remember this look from 520.

00:22:32 to 00:22:35 He is 1,000% right.

00:22:35 to 00:22:42 So that particular figure, figure in chapter 14, it's figure 14.3,

00:22:42 to 00:22:49 is a more detailed representation of what got covered in chapter 4 of,

00:22:49 to 00:22:52 I mean, sorry, in week four of Global Supply Chain Management

00:22:52 to 00:22:57 520, where we covered MRP, logistics, and location

00:22:57 to 00:22:58 decisions.

00:22:58 to 00:23:02 And if you all forgot, I have the textbook from chapter,

00:23:02 to 00:23:04 from 520 open.

00:23:04 to 00:23:05 And look how simple this was.

00:23:05 to 00:23:11 This is the MRP from exhibit 9-5 in the 520 textbook.

00:23:11 to 00:23:14 It just says, aggregate production plan, MPS, MRP,

00:23:14 to 00:23:16 bill of materials, inventory records,

00:23:16 to 00:23:18 primary and secondary reports.

00:23:18 to 00:23:21 And for those of you who had 520 with me, what did I say?

00:23:21 to 00:23:23 You will see this again if you take 530,

00:23:23 to 00:23:25 but it will be more in depth.

00:23:25 to 00:23:30 Okay, so this was a 520 textbook, exhibit 95, simple.

00:23:31 to 00:23:38 We're now in this course and it's a lot more detailed because you need to know all these things in order to

00:23:39 to 00:23:40 um

00:23:40 to 00:23:43 You know be able to do that and I see a question andrew

00:23:44 to 00:23:45 Um

00:23:45 to 00:23:50 You said how does Bentley do this? Uh when you when you watch the video you'll see it

00:23:51 to 00:23:54 You'll see how they do it. You'll see how they do all parts of it. They actually break down

00:23:55 to 00:23:57 A lot of this stuff, you know

00:23:57 to 00:23:59 bill of materials for Bentley

00:23:59 to 00:24:01 is uh

00:24:01 to 00:24:07 off the chain. Okay, so here we are for NPS, which your master production schedule is needed

00:24:07 to 00:24:12 in order to create the material requirements plan. Now, the homework this week, you've got to build

00:24:12 to 00:24:19 eight MRP records. Eight. That's how difficult this week is. Homework is eight. So you need to

00:24:19 to 00:24:28 know what the NPS is for all eight. Okay, so what is the, yeah, thumbs down, Jordan. Thumbs down,

00:24:28 to 00:24:29 Oh, my man.

00:24:29 to 00:24:33 So the master production schedule, as it says,

00:24:33 to 00:24:35 it plays an important role in driving an MRV system.

00:24:35 to 00:24:39 If I ask you what is the MPS, you could define it.

00:24:39 to 00:24:44 But if I asked you what is the MPS process,

00:24:44 to 00:24:48 you could see here a very lengthy discussion

00:24:48 to 00:24:50 on how to create an MPS.

00:24:52 to 00:24:57 Okay, there's a lot on how to create an NPS.

00:24:57 to 00:25:02 Okay, but basically this is an example of a master production schedule for the barbecue

00:25:02 to 00:25:08 grill set. You have to have a time fence. So this time fence, a fence of time, right?

00:25:08 to 00:25:14 Week one through week eight. Okay, you need to know what your beginning inventory is. Why does

00:25:14 to 00:25:15 Does this matter?

00:25:15 to 00:25:20 That's your inventory of records that feed here.

00:25:21 to 00:25:22 Okay.

00:25:23 to 00:25:27 Then you also need to understand what is your current forecast,

00:25:27 to 00:25:32 what your actual customer orders are, what your projected on-hand inventory is,

00:25:32 to 00:25:36 what's your available to promise, to understand how to calculate your master

00:25:36 to 00:25:41 production schedule. So if I ask the question, if I ask the

00:25:41 to 00:25:47 question, based on the textbook,

00:25:46 to 00:25:50 What is the master production schedule process?

00:25:55 to 00:25:59 I'm expecting you to describe how you will build an MPS.

00:26:02 to 00:26:04 See the attention to detail.

00:26:04 to 00:26:06 Just like last week, I said, what is the SNOP process?

00:26:06 to 00:26:07 Some of you described it, but didn't

00:26:07 to 00:26:09 tell me the step-by-step process.

00:26:09 to 00:26:10 And then you read my feedback.

00:26:10 to 00:26:12 Oh, man, I got caught.

00:26:12 to 00:26:13 Got caught.

00:26:13 to 00:26:14 Got caught.

00:26:14 to 00:26:14 Got caught.

00:26:14 to 00:26:18 Now I got to go do extra work and rewrite some more stuff

00:26:18 to 00:26:20 because I feel bad because I didn't

00:26:20 to 00:26:21 answer Dr. D's question.

00:26:21 to 00:26:23 I didn't pay attention.

00:26:23 to 00:26:23 There you go.

00:26:23 to 00:26:27 If I say, what is the master production schedule process?

00:26:27 to 00:26:29 I'm expecting you to describe this.

00:26:29 to 00:26:31 Now, as you describe these steps,

00:26:31 to 00:26:35 For example, the way Dr. D would answer this question is,

00:26:35 to 00:26:37 well, master production schedule,

00:26:37 to 00:26:40 as described on page 510 of the textbook,

00:26:40 to 00:26:42 plays an important role in driving MRPs.

00:26:42 to 00:26:47 An input is one of the three inputs to an MRP, right?

00:26:47 to 00:26:48 It identifies the planned production quantities,

00:26:48 to 00:26:50 blah, blah, blah, right?

00:26:50 to 00:26:52 So you describe that and it said the steps

00:26:52 to 00:26:55 to building a master production schedule

00:26:55 to 00:26:59 includes understanding what my beginning inventory is,

00:26:59 to 00:27:03 what is forecasted for the time fence, the time window,

00:27:03 to 00:27:05 what my actual customer orders are,

00:27:05 to 00:27:07 what my projected bond hand inventory,

00:27:07 to 00:27:09 you could put in parentheses how to calculate that

00:27:09 to 00:27:12 because it kind of walks you through the calculation for that.

00:27:12 to 00:27:14 And then what's my available to promise

00:27:14 to 00:27:16 and what that ultimately helps me determine

00:27:16 to 00:27:19 what my master production schedule is.

00:27:19 to 00:27:22 Yeah, this is not something anyone wants to talk about

00:27:22 to 00:27:23 in a Monday night.

00:27:23 to 00:27:28 No one ever says, I just want to learn about NPS, okay?

00:27:28 to 00:27:35 Okay, so I get it. You guys can roll your eyes, do all sorts of stuff. But trust me, I'll make

00:27:35 to 00:27:41 this a lot easier for the homework for you. So if you just follow my pattern, you'll be I. Okay,

00:27:41 to 00:27:45 so then it goes on for each one of these, it gives you an explanation of what each of these are.

00:27:45 to 00:27:49 Pay close attention because this formula is in here, right? So for example,

00:27:50 to 00:27:55 check this out. One of the things you have to do is figure out actual projected on hand inventory

00:27:55 to 00:27:59 available to promise. If you look here, projected on-hand inventory, check this out,

00:27:59 to 00:28:05 projected on-hand inventory is the previous period on-hand inventory minus either the actual

00:28:05 to 00:28:13 customer orders or the forecast orders, whichever is largest. Wow, that is bizarre. So for example,

00:28:13 to 00:28:20 in figure 14.4 right here, right, it says in week one, the beginning inventory is 10 units.

00:28:20 to 00:28:31 We got it right here. So actual customer orders is 40. It says, which exceeds the forecast of 35.

00:28:31 to 00:28:37 So 40 actual customer orders, I forecasted 35, but I got 40.

00:28:38 to 00:28:42 So what am I supposed to do? It tells me my demand forecasting was off.

00:28:43 to 00:28:48 My under forecasting. See how week one material came right back to bite us?

00:28:49 to 00:28:53 Demand forecasting, which is part of your demand planning and your demand management.

00:28:53 to 00:28:58 So this right here is all your demand management planning and forecasting.

00:28:58 to 00:29:05 And this ultimately is used as an operations plan. Okay, so it says here,

00:29:05 to 00:29:12 Here, projected on-hand inventory is 10 that I have as beginning inventory minus the actual

00:29:12 to 00:29:17 custom orders of 40 that equals a negative 30.

00:29:17 to 00:29:21 So when the projected on-hand inventory at any time period is negative, we have a problem

00:29:21 to 00:29:27 with coverage indicating more items are needed than the current supply can satisfy.

00:29:27 to 00:29:32 So in this example, the MPS is 30 barbecue gift sets.

00:29:32 to 00:29:34 So there you go.

00:29:34 to 00:29:41 complicated. It, look, I will tell you all it will take you multiple iterations of

00:29:41 to 00:29:45 reading this in order to fully grasp this unless you're dealing with this

00:29:45 to 00:29:51 every day. And in most companies there's a there's a system where you just punch

00:29:51 to 00:29:56 in the orders and it calculates it. The thing I'll tell you about trying to

00:29:56 to 00:30:01 understand at least the foundational level of an MPS and an MRP is you're

00:30:01 to 00:30:04 If you end up getting a job that says,

00:30:04 to 00:30:07 hey, are you able to do any sort of forecasting

00:30:07 to 00:30:11 around material requirements or inventory requirements,

00:30:11 to 00:30:14 then you will have an understanding of all these elements,

00:30:14 to 00:30:15 because this is what.

00:30:16 to 00:30:24 companies deal with, including the thing that you actually get today for those of you who have a box shop and you're formed out from Prime.

00:30:25 to 00:30:27 Prime have to calculate this.

00:30:29 to 00:30:35 because we'll keep to order is one of the actual custom order based on whatever forecast they did.

00:30:35 to 00:30:39 They got to look in the warehouse and see how much do they have on hand versus how much do

00:30:39 to 00:30:45 they promise to deliver. That's why when you know I my wife orders pistachios for me.

00:30:45 to 00:30:49 We don't want to get from the grocery store. We just ordered the big bags from from Prime.

00:30:51 to 00:30:56 They usually say hey you know we got your order but it's going to take you know three days to get

00:30:56 to 00:31:00 here because we have to do some back over or whatever, right?

00:31:00 to 00:31:02 So that's how you would do an NPS.

00:31:02 to 00:31:04 So when I ask you to describe NPS,

00:31:04 to 00:31:06 that's what I'm asking about, OK?

00:31:06 to 00:31:11 I'll go back up to this figure, figure 14.3.

00:31:11 to 00:31:17 And the second part of the part B, where it says,

00:31:17 to 00:31:21 what are two to three material requirement planning inputs,

00:31:21 to 00:31:23 and what are two to three material requirement planning

00:31:23 to 00:31:33 output, right? That's where you would leverage this. Okay, so you got one, two, three inputs,

00:31:33 to 00:31:39 one, two outputs, but it also describes it right here for you. It says here's the MRP inputs. And

00:31:39 to 00:31:44 then later on in the chapter, it talks about the MRP outputs, but it all builds on one, two, three

00:31:44 to 00:31:51 inputs, one, two, three outputs. Okay, anybody have any questions on that first initial Part B of the

00:31:51 to 00:31:53 of the initial discussion question.

00:31:59 to 00:32:03 you'll still have time to watch Monday Night Football, Jordan. I just saw your text.

00:32:05 to 00:32:12 All right, let's keep going. So once you have your MRP, what's important for your MRP is

00:32:13 to 00:32:21 these numbers here is what you use to build your MPS. I'm sorry, once you have your mass production

00:32:21 to 00:32:27 schedule, which is an input to MRP, it will help you determine how to calculate the material

00:32:27 to 00:32:30 requirements plan because if you know how much you're going to produce your

00:32:30 to 00:32:34 master production schedule, like for example, Apple has to figure out how much

00:32:34 to 00:32:38 of this color phone versus how much of this color phone to order and the size

00:32:38 to 00:32:42 difference and the whole nine yards of the memory, right? So that's your master

00:32:42 to 00:32:47 production schedule. Then it will help them determine what materials they need

00:32:47 to 00:32:52 to order, right? So there's different materials for this and different

00:32:52 to 00:33:00 materials for this. So your master production schedule, your MPS, is what determines how

00:33:00 to 00:33:05 you actually create your MRP. But before you create the MRP, you need to know what your

00:33:05 to 00:33:11 global materials are, right? So if I go back, I told you, man, this chapter is a beast of

00:33:11 to 00:33:13 a chapter. If you go back to this image.

00:33:15 to 00:33:17 So we just covered MRP.

00:33:18 to 00:33:20 I'm sorry, we covered MPS for MRP.

00:33:20 to 00:33:22 We also need to cover building materials.

00:33:22 to 00:33:24 There's two types of building materials.

00:33:28 to 00:33:28 Here we go.

00:33:28 to 00:33:30 Building materials, basically, it's

00:33:30 to 00:33:31 the description of all the N items.

00:33:31 to 00:33:39 I showed you one for my Peloton bike deal.

00:33:39 to 00:33:42 That's the tablet on my Peloton bike.

00:33:42 to 00:33:46 And I also showed you the one for my Lebronze.

00:33:46 to 00:33:50 So that's the bill of materials right there.

00:33:50 to 00:33:51 Two types of bill of materials.

00:33:51 to 00:33:53 There's an indented bill of materials

00:33:53 to 00:33:56 and something called a product structure tree.

00:33:56 to 00:33:59 So if you look at the indented bill of materials,

00:33:59 to 00:34:01 this is what it would look like.

00:34:01 to 00:34:02 So for the barbecue grill set, you

00:34:02 to 00:34:04 could see the barbecue grill set,

00:34:04 to 00:34:06 the indented bill of materials.

00:34:06 to 00:34:10 There's the box grill set, which is level zero.

00:34:10 to 00:34:14 And then you have the tote bag, the fork, the spatula,

00:34:14 to 00:34:15 and the tongs.

00:34:15 to 00:34:19 But if you notice, the fork, there's the metal part

00:34:19 to 00:34:22 of the fork, the sheet metal that makes up the metal part,

00:34:22 to 00:34:24 the handle, the wood block, and then the rivets

00:34:24 to 00:34:25 and the leather tie.

00:34:25 to 00:34:27 You see how the bill of material matters.

00:34:27 to 00:34:30 This is important for your homework.

00:34:30 to 00:34:32 You have to know how to do this.

00:34:32 to 00:34:35 If I ask you a question in discussions that says, hey,

00:34:35 to 00:34:37 what is an indented bill of material for whatever

00:34:37 to 00:34:42 I'm asking you about, please, it should look like figure 14-5.

00:34:42 to 00:34:46 I may even say leverage figure 14.5.

00:34:46 to 00:34:48 If you don't do it, I will more than likely

00:34:48 to 00:34:51 resend you to go back and do it.

00:34:51 to 00:34:55 It's important that you know this.

00:34:55 to 00:34:57 And you're absolutely right, Jordan.

00:34:57 to 00:34:59 Bill of materials is something straight out

00:34:59 to 00:35:03 of the global supply chain management 520.

00:35:03 to 00:35:05 It was one of the homework questions.

00:35:05 to 00:35:07 The other form of a bill of material

00:35:07 to 00:35:10 is the product structure bill of material, which

00:35:10 to 00:35:16 shows a more detailed breakdown of the same indenting, right?

00:35:16 to 00:35:20 Like you got the box grill set, the tote bag, the fork, right?

00:35:20 to 00:35:24 It just takes this and inverts it in a structure tree.

00:35:24 to 00:35:25 So check this out.

00:35:25 to 00:35:29 You got the grill set, the bag, the fork, the spatula,

00:35:29 to 00:35:31 the tongs, and that's your level one.

00:35:31 to 00:35:34 Your level two is all the pieces that make these up,

00:35:34 to 00:35:36 and your level three is the pieces I've made that up.

00:35:36 to 00:35:41 Here's what's interesting about the barbecue grill set

00:35:41 to 00:35:45 is your product structure tree is directly gonna be used

00:35:45 to 00:35:49 for your building an MRP record, okay?

00:35:49 to 00:35:54 So in this case, you will actually have to think about,

00:35:55 to 00:35:57 when you think about making the fork

00:35:57 to 00:35:59 or the spatula of the tongues,

00:35:59 to 00:36:01 well, for the fork, you need the metal part of the fork,

00:36:01 to 00:36:04 you need a handle and you need two rivets, right?

00:36:04 to 00:36:06 You need one leather tie.

00:36:06 to 00:36:08 And for each handle, you need one wood block.

00:36:08 to 00:36:10 For each metal fork, you need a wood block.

00:36:10 to 00:36:14 For the spatula, you also need another handle.

00:36:14 to 00:36:17 So so far, for the grill set, I need one, two,

00:36:17 to 00:36:18 and then three handles.

00:36:18 to 00:36:21 But for the tongs, I actually need two handles.

00:36:21 to 00:36:23 So I need four total handles

00:36:23 to 00:36:24 to build my barbecue grill set.

00:36:24 to 00:36:26 Because the fork needs one,

00:36:26 to 00:36:29 the spatula needs one, and the tongs need two

00:36:29 to 00:36:30 because you got the tongs, right?

00:36:30 to 00:36:35 So, and you know, for the fork, I need two rivets.

00:36:36 to 00:36:41 For the spatula I need two rivets and for the tongs I need eight rivets. You see where I'm going,

00:36:41 to 00:36:46 right? You see how detail it's working now and then the lead time to do the tote bag is two

00:36:46 to 00:36:49 weeks. That's what LT stands for. The lead time for the metal fork is two weeks. The lead time

00:36:50 to 00:36:55 for the sheet bag is two weeks and so on and so forth. Why is that important? Because all

00:36:55 to 00:37:02 these values matter when it comes to building an MRP record. Okay, so I'll let you read through

00:37:02 to 00:37:06 inventory records, which is a number input to your MRP.

00:37:06 to 00:37:09 And you will see a number of items in here,

00:37:09 to 00:37:12 a number of detail items in here that describes

00:37:12 to 00:37:15 how to calculate all elements of an MRP,

00:37:15 to 00:37:18 material requirements planning record.

00:37:18 to 00:37:20 This is not just asked, and I think the question,

00:37:20 to 00:37:22 either tomorrow or Thursday in the discussions,

00:37:22 to 00:37:26 I'll ask, you know, what is the MRP process?

00:37:26 to 00:37:30 You will have to describe how to build the MRP process

00:37:30 to 00:37:32 or build an MRP record.

00:37:32 to 00:37:37 Because that's your homework. That is your homework. Okay. All right. Let's keep going

00:37:38 to 00:37:40 There is this whole concept of

00:37:41 to 00:37:44 Lot sizing and I'll you know, the reason I'm pointing this out is because

00:37:45 to 00:37:51 There's three types of lot sizing there is you know, a lot for lot which means whatever I need

00:37:51 to 00:37:53 I ordered the exact quantity

00:37:53 to 00:37:58 Yes fix all the quantity means I'm ordered the same amount each time this periodic quantity order quantity

00:37:58 to 00:38:01 which means I'm ordering at a set time period.

00:38:03 to 00:38:04 I'll keep going.

00:38:04 to 00:38:07 This will all make sense here in just a bit or maybe not.

00:38:07 to 00:38:12 So how do you build an MRP now that you've done an MPS?

00:38:14 to 00:38:15 I'm sorry, y'all.

00:38:15 to 00:38:17 I'm apologizing and I am so sorry.

00:38:17 to 00:38:20 This is boring on another level.

00:38:20 to 00:38:22 I apologize.

00:38:23 to 00:38:25 I apologize.

00:38:25 to 00:38:30 So the way the MRP process works, every time I teach this class, I'm like, man,

00:38:30 to 00:38:32 they are saying some words about me.

00:38:32 to 00:38:40 If I ask you how to build an MRP record, just like MPS, pay close attention,

00:38:40 to 00:38:43 there's a number of things you have to think about, right?

00:38:43 to 00:38:49 So if I say, what are the steps to an MRP process, not MPS, but MRP process,

00:38:49 to 00:38:52 the steps are you need to understand what your lead time is,

00:38:53 to 00:38:55 you need to understand what your on-hand inventory is,

00:38:55 to 00:38:58 your safety stock, across your time fence,

00:38:58 to 00:39:00 you need to understand your gross requirements,

00:39:00 to 00:39:04 and your gross requirements are what you get from your MPS.

00:39:05 to 00:39:07 You need to understand what your schedule receipts are,

00:39:07 to 00:39:09 available inventory, net requirements,

00:39:09 to 00:39:12 plan order receipts, and plan order release.

00:39:12 to 00:39:15 Each one of these schedule receipts,

00:39:15 to 00:39:17 available inventory, net requirements,

00:39:17 to 00:39:19 plan order receipts, plan order releases,

00:39:19 to 00:39:20 there's a formula for it.

00:39:20 to 00:39:25 Now that's what all this section is that I was covering,

00:39:25 to 00:39:32 just a second, I'll go back. That's what all this section is after the NPS and the

00:39:32 to 00:39:37 the bill of material that started talking about, you know,

00:39:39 to 00:39:46 Order quantity, which is lot for lot, fixed order quantity, periodic order quantity, all those things

00:39:47 to 00:39:55 in addition to, see, so your order quantity is one of those lot for lot, fixed order quantity of

00:39:55 to 00:40:00 periodic order quantity, right? And then you can see gross requirements refer to the total amount

00:40:00 to 00:40:04 of an in-item, finished goods, all that stuff, right?

00:40:04 to 00:40:08 So basically from figure 14-17.

00:40:09 to 00:40:18 all the way through 14-15 is what you're going to have to understand in order to complete the whole.

00:40:19 to 00:40:22 OK, or you can just do a doctor detail.

00:40:24 to 00:40:26 Okay.

00:40:27 to 00:40:29 So let me kind of stop there for just a second.

00:40:29 to 00:40:30 How y'all feeling about the homework

00:40:30 to 00:40:32 in this chapter so far?

00:40:33 to 00:40:36 Dr. B, I got a question for you. So that template that you were showing,

00:40:37 to 00:40:46 not to jump the gun, but is that the example template that, you know, is a good guide to use

00:40:46 to 00:40:55 for the case study? Yeah, your homework, your homework response will follow the Barbican Girl

00:40:58 to 00:41:03 So exhibit, it starts literally the grill set,

00:41:03 to 00:41:04 the breakdown of the grill set,

00:41:06 to 00:41:09 figure 14.7, this is the template you need to use.

00:41:09 to 00:41:11 Okay?

00:41:11 to 00:41:14 And the way they walk through how to do the grill set

00:41:14 to 00:41:17 where your MPS, right?

00:41:17 to 00:41:19 And the homework gives you the MPS.

00:41:19 to 00:41:21 It gives you what the MPS is, right?

00:41:21 to 00:41:24 So you don't have to worry about calculating the MPS.

00:41:24 to 00:41:27 All right, so the MPS is your gross requirements.

00:41:28 to 00:41:36 for your MRP. I'll show you here in just a bit what that looks like. Okay. That way,

00:41:36 to 00:41:43 my goal is to take one step of this difficulty away from you all to make it a bit easier

00:41:43 to 00:41:51 to digest. Okay. This is one of those few times where everything in you wants to hate

00:41:51 to 00:41:58 me and not trust me, but I am going to ask you to just suppress that natural default

00:41:58 to 00:42:05 response because I have to walk you through this in this session so you understand the

00:42:05 to 00:42:08 magnitude of what you have to do.

00:42:08 to 00:42:13 And then I will show you how to attack the homework.

00:42:13 to 00:42:15 Your natural response when I show you how to attack the homework, you're going to be

00:42:15 to 00:42:18 like, why didn't you just show us that in the beginning?

00:42:18 to 00:42:19 if I just showed you that in the beginning,

00:42:19 to 00:42:21 you can't answer it for your course project

00:42:21 to 00:42:23 and then you lose a chunk of points.

00:42:23 to 00:42:27 So you have to go through this process, right?

00:42:27 to 00:42:29 You can either cut the weight out or work out every day.

00:42:29 to 00:42:31 The good thing is, by working out every day

00:42:31 to 00:42:34 as painful as it is, you're just strong at the end of it.

00:42:34 to 00:42:35 See what I'm saying?

00:42:35 to 00:42:36 So this is considered as a workout.

00:42:37 to 00:42:42 So for each one of these elements in the MRP record,

00:42:42 to 00:42:44 and this is called an MRP record, right?

00:42:44 to 00:42:46 The one above that we covered

00:42:46 to 00:42:49 was a master production schedule plan.

00:42:49 to 00:42:52 But we know NPS is an input to MRP.

00:42:52 to 00:42:53 This is the MRP record.

00:42:53 to 00:42:55 You got to calculate what the lead time is,

00:42:55 to 00:42:57 on-hand inventory, safety stock, order quantity,

00:42:57 to 00:43:00 whether it's Lafelod, fixed order quantity,

00:43:00 to 00:43:05 F-O-Q, or periodic order quantity, P-O-Q,

00:43:05 to 00:43:07 gross requirements, schedule receipts,

00:43:07 to 00:43:08 available inventory, net requirements,

00:43:08 to 00:43:10 plan order release, plan order releases,

00:43:10 to 00:43:11 receipt to releases.

00:43:11 to 00:43:16 What's interesting about this is your lead time matters.

00:43:16 to 00:43:19 So when you look at the barbecue grill set, for example,

00:43:19 to 00:43:22 the MPS that was calculated above,

00:43:22 to 00:43:25 this was the completed items in the MPS.

00:43:25 to 00:43:29 So that becomes your gross requirements for the MRP.

00:43:29 to 00:43:32 So you can see in every step, they even calculate

00:43:32 to 00:43:34 how to do net requirements.

00:43:34 to 00:43:36 All these formulas matter to you.

00:43:36 to 00:43:37 So.

00:43:39 to 00:43:42 You can see they start by showing in figure 1410, right?

00:43:42 to 00:43:44 We started in 14-7.

00:43:44 to 00:43:45 We're now at figure 1410.

00:43:45 to 00:43:48 It says, you take my gross requirements from the MPS,

00:43:48 to 00:43:50 you calculate your scheduled receipts.

00:43:50 to 00:43:53 Notice one week lead time for the barbecue grill gift

00:43:53 to 00:43:55 sets at a macro level.

00:43:55 to 00:43:57 No on-hand inventory, no safety stocks.

00:43:57 to 00:43:58 And what's my order quantity?

00:43:58 to 00:44:01 Lot for lot, which means I'm ordering exactly what I need.

00:44:01 to 00:44:03 That matters because that will tell you

00:44:03 to 00:44:04 what your net requirements is.

00:44:04 to 00:44:07 So if I need, if my gross requirements is 30,

00:44:07 to 00:44:10 I'm going to order 30.

00:44:10 to 00:44:12 If it's 40, I'm going to order 40.

00:44:12 to 00:44:16 Alpha L says I order exactly what I need.

00:44:16 to 00:44:19 And you can see how they start calculating the rest of it

00:44:19 to 00:44:27 until you get to an ultimate completed MRP record here.

00:44:27 to 00:44:28 I'm sorry, for the barbecue grill set,

00:44:28 to 00:44:30 you got a completed MRP record.

00:44:30 to 00:44:32 But because it's a grill set, you also

00:44:32 to 00:44:41 got to create an MRP record for the tote bag and one for the fork, one for the spatula,

00:44:41 to 00:44:50 one for the handle, right? That is your homework. Your homework is you're going to get a bookcase

00:44:50 to 00:44:54 and you're going to have to break down each part of the bookcase by building that MRP

00:44:54 to 00:45:04 record. And yes, Jordan, I see you asking, you know, so Martin said, you know, good and

00:45:04 to 00:45:07 explains in detail how my schedule is developed. Absolutely. I know, Martin, you deal with

00:45:07 to 00:45:13 that on a daily basis in your job. This is the behind the scenes in a production set

00:45:13 to 00:45:20 in of how your schedule is set from for what you need to produce. And Jordan asked the

00:45:20 to 00:45:24 question are you going to give us these figures? The case study did not highlight

00:45:24 to 00:45:32 much to build an MRP. Yeah, so exhibit 14-7, figure 14-7 to 14-15 is

00:45:32 to 00:45:38 what you need to use as the MRP record for the case study. All right, I'll get to

00:45:38 to 00:45:43 the homework in just a bit. And the last piece of chapter 14 that we'll cover is

00:45:43 to 00:45:50 MRP outputs and use, okay, which is the primary and secondary reports. So what I

00:45:50 to 00:45:56 would like to do. So let me stop there and ask any questions. If anybody has any questions,

00:45:56 to 00:46:00 well Jordan has been asking questions so I got some questions from Jordan. If anybody has any

00:46:00 to 00:46:05 questions, I think that makes absolute sense. Everything you described just is awesome. You

00:46:05 to 00:46:10 know, walking the park. Any concerns? Anybody have any concerns?

00:46:12 to 00:46:13 This is not fun for me.

00:46:13 to 00:46:15 Even though you see a smirk in my face,

00:46:15 to 00:46:17 I don't like doing this to you all, man.

00:46:17 to 00:46:19 I really don't.

00:46:19 to 00:46:22 I really don't.

00:46:22 to 00:46:29 Any questions or concerns about what I just covered?

00:46:31 to 00:46:38 All right. Cool. So I appreciate that Edelmayer. All right. So what I want to do is just to make

00:46:38 to 00:46:43 the homework more palatable and why, because you made me think, why in the world would I even have

00:46:43 to 00:46:54 to calculate an MPS1 MRP? Again, here's the premise, right? The premise is you have this concept of

00:46:54 to 00:47:01 demand plan because if you forecast your demand incorrectly you're not going to have the right

00:47:01 to 00:47:10 amount of materials so your MRP your planning your the materials you're required to actually

00:47:10 to 00:47:16 produce what you need to produce will either be too much too much and you end up eating the cost

00:47:17 to 00:47:23 or you may not have enough and you can't fulfill what your customer wants and for me man when I

00:47:23 to 00:47:24 When I go to a restaurant and they say,

00:47:24 to 00:47:27 Mr. Virg, I'm so sorry.

00:47:27 to 00:47:29 We no longer have the catch of the day

00:47:29 to 00:47:31 or we no longer have that dish,

00:47:32 to 00:47:34 because we're out of supplies.

00:47:34 to 00:47:38 It is like the last thing that I wanna hear

00:47:38 to 00:47:42 because that restaurant did a horrible job at MRP.

00:47:42 to 00:47:44 Or when I go buy a Pierce sneakers

00:47:44 to 00:47:45 and all of a sudden they say,

00:47:45 to 00:47:47 hey, we no longer have size 14.

00:47:47 to 00:47:50 So I'm like, saying some words under my breath,

00:47:50 to 00:47:52 come on, man, why would you even post it?

00:47:52 to 00:47:54 Like, you know, it's like, I need size 14.

00:47:54 to 00:47:56 It's like, what is, what is the problem?

00:47:56 to 00:47:58 Bad MRP.

00:47:58 to 00:47:59 But with Nike, they do that on purpose.

00:47:59 to 00:48:02 So you keep, they could drop it on a later date

00:48:02 to 00:48:03 for $20 more and you'll buy it.

00:48:03 to 00:48:06 Or you go on high B, so the gold,

00:48:07 to 00:48:10 stock X and buy it for 10 times as much, right?

00:48:10 to 00:48:11 So companies use that.

00:48:11 to 00:48:13 But your demand plan, your demand forecast,

00:48:13 to 00:48:15 your demand management,

00:48:15 to 00:48:18 and your ability to forecast demand accurately

00:48:18 to 00:48:20 and use that forecast to turn into sales

00:48:20 to 00:48:23 will tell you how much materials you need to order.

00:48:23 to 00:48:25 OK, so here's the thing.

00:48:25 to 00:48:27 What I want to do with you all right now

00:48:27 to 00:48:30 is I want to have you watch a video.

00:48:30 to 00:48:31 And this is a fresh video.

00:48:31 to 00:48:35 So I need everyone to be as objective as possible,

00:48:35 to 00:48:38 because it's going to maybe trigger some emotions

00:48:38 to 00:48:38 from last week.

00:48:38 to 00:48:42 But since everyone in here are great scholar practitioners,

00:48:42 to 00:48:45 you all are great, great scholar practitioners,

00:48:45 to 00:48:50 I want you to consider what each of your companies are facing,

00:48:50 to 00:48:51 even if you're in the military,

00:48:51 to 00:48:53 even if you're still active duty,

00:48:53 to 00:48:57 your company is facing what is in this video

00:48:57 to 00:49:01 and I'm asking you all to talk about this in a breakout.

00:49:01 to 00:49:02 And then when we get out of that,

00:49:02 to 00:49:06 we'll go over the homework and I'll open up the questions,

00:49:06 to 00:49:08 we'll take a poll and I'll get you out of here.

00:49:08 to 00:49:13 Okay, so one of the things that got announced last week

00:49:13 to 00:49:16 was all these tariffs, right?

00:49:16 to 00:49:20 And here's the interesting thing about the tariffs,

00:49:20 to 00:49:24 the terrorists that President-elect Trump is talking about,

00:49:24 to 00:49:26 he wants to bring jobs into America.

00:49:27 to 00:49:30 But here's where I always say,

00:49:30 to 00:49:32 when people complain about inflation, they say,

00:49:32 to 00:49:35 hey, look, governments go as efficient as they know,

00:49:35 to 00:49:37 consumers initiate it.

00:49:37 to 00:49:39 We want what we want and want it,

00:49:39 to 00:49:42 so which causes supplies to mark up their prices.

00:49:42 to 00:49:44 And if we keep buying it, it keeps going up,

00:49:44 to 00:49:46 people can't afford it after time.

00:49:46 to 00:49:50 So there's this initiative to President-elect Trump

00:49:50 to 00:49:55 is going to pass all these tariffs to hurt companies

00:49:55 to 00:49:58 that manufacture stuff outside the US

00:49:58 to 00:50:00 to be important to the US

00:50:00 to 00:50:02 because he wants them to either set up plans in the US

00:50:02 to 00:50:04 to create more jobs in the US, which is great,

00:50:04 to 00:50:08 but it impacts demand planning, demand forecast,

00:50:08 to 00:50:12 and demand management, SNOP, components of demand,

00:50:12 to 00:50:13 aggregate production planning, and MRP.

00:50:13 to 00:50:16 So I want you to watch this video fresh off the press, right?

00:50:16 to 00:50:19 Based on what got announced last week.

00:50:19 to 00:50:21 Okay. And that I'll post a question in there.

00:50:21 to 00:50:26 What I want you all to pay attention to and discuss at your tables is what

00:50:26 to 00:50:31 of those concepts I just described in the first three weeks, do you see evident

00:50:31 to 00:50:35 in the video and here's why I'm asking you that because your company is

00:50:35 to 00:50:37 worrying about it now.

00:50:39 to 00:50:43 And if you don't think so, pay attention

00:50:43 to 00:50:46 to what's occurring at your current company.

00:50:46 to 00:50:49 Either org changes that usually occur this time of the year

00:50:49 to 00:50:52 has been delayed till after the elections,

00:50:52 to 00:50:56 or they're waiting until the initial policy changes

00:50:56 to 00:50:58 after January 20th that gets signed in.

00:50:58 to 00:51:01 I think President Trump is gonna burn through a couple pens

00:51:01 to 00:51:04 because he's gonna pass a lot of things, right?

00:51:04 to 00:51:06 So as objective scholar practitioners,

00:51:06 to 00:51:09 not opinionated political pundits,

00:51:09 to 00:51:12 Please just look at it from an objective standpoint.

00:51:12 to 00:51:13 Watch this video, y'all.

00:55:00 to 00:55:02 All right. Let's see here.

00:55:04 to 00:55:06 Okay, so I'm gonna break into tables.

00:55:06 to 00:55:11 I posted the question in the chat and in the notes.

00:55:12 to 00:55:14 Would like you and your separate tables

00:55:14 to 00:55:18 to just discuss how the proposed tariffs

00:55:18 to 00:55:21 you think will impact your company's demand plan,

00:55:21 to 00:55:23 demand forecast, demand management,

00:55:23 to 00:55:28 SMP process and material requirements planning, okay?

00:55:29 to 00:55:33 So I'm gonna break you all into tables here.

00:55:33 to 00:55:36 Let's get you into tables.

00:55:36 to 00:55:38 I'm gonna break you into tables now.

00:56:29 to 00:56:30 He typed early on.

00:56:34 to 00:56:34 All right, y'all.

00:56:36 to 00:56:37 We're back.

00:56:38 to 00:56:41 So never fails, like in the middle of somebody talking,

00:56:41 to 00:56:42 I cut you off.

00:56:42 to 00:56:45 Okay, so I broke you into three tables.

00:56:46 to 00:56:51 And so I wanna hear, this is an opportunity for everybody

00:56:51 to 00:56:53 to learn from everybody else, okay?

00:56:53 to 00:56:56 So I wanna kind of hear what each table discussed

00:56:56 to 00:56:58 regarding the question, right?

00:56:58 to 00:57:02 So based on what's coming, we know tariffs are coming.

00:57:03 to 00:57:05 How do you think it will impact your company

00:57:05 to 00:57:07 or companies, whoever wanna share from each table?

00:57:08 to 00:57:13 What you're seeing or what you believe it will impact your demand planning,

00:57:13 to 00:57:18 forecasted management, sales and operations planning, aggregate production planning,

00:57:18 to 00:57:19 or material requirements planning.

00:57:19 to 00:57:25 Let's look at table one where we have Tina, Nola, Dacia, Andrew, and Miriam.

00:57:27 to 00:57:29 What did your table discuss?

00:57:36 to 00:57:41 So I don't think that no one got something to say.

00:57:41 to 00:57:45 Now we just kind of talked about our own specific companies.

00:57:45 to 00:57:50 I'd say for myself, for the classes I've been in,

00:57:50 to 00:57:52 I work with Navy maintenance projects.

00:57:52 to 00:57:57 So off the bat, I already see everything increasing in price.

00:57:59 to 00:58:01 Cost of materials could go up.

00:58:03 to 00:58:05 And if the costs are so high for us,

00:58:05 to 00:58:08 where we can't source overseas,

00:58:08 to 00:58:11 that could potentially impact our lead times

00:58:11 to 00:58:13 for trying to search for these products domestically

00:58:13 to 00:58:15 because it could take companies here in the US

00:58:15 to 00:58:17 a lot longer to make that, right?

00:58:17 to 00:58:22 And so just everything I see going up

00:58:22 to 00:58:26 and then overall the cost for the projects going up,

00:58:26 to 00:58:29 which for us is a bad business

00:58:29 to 00:58:33 because we try to set a budget and stick to it.

00:58:33 to 00:58:35 Yeah, absolutely.

00:58:35 to 00:58:37 Absolutely, Nolan.

00:58:37 to 00:58:41 Plus figure hockey sleeve, hockey car business,

00:58:41 to 00:58:43 MRP might be impacted there too, my man.

00:58:43 to 00:58:45 Oh yeah, yeah.

00:58:45 to 00:58:47 One of the guys brought it up,

00:58:47 to 00:58:47 I think it was Andrew,

00:58:47 to 00:58:50 just small businesses impacted, right?

00:58:50 to 00:58:52 So like for my course project, right?

00:58:52 to 00:58:54 The company I was going through

00:58:54 to 00:58:56 was manufacturing their products in China.

00:58:56 to 00:58:59 So, you know, I just saw that 60% increase in tariffs.

00:58:59 to 00:59:02 So I was like, oh, I'm gonna have to shift companies.

00:59:02 to 00:59:06 Just based off what they were talking about in the video.

00:59:06 to 00:59:09 Yeah, so for those of you who are about to take 540 with me,

00:59:09 to 00:59:12 relationship management procurement and source and strategy,

00:59:12 to 00:59:14 that also will be impacted by some of the changes

00:59:14 to 00:59:17 that the President, like Trump, is highlighting.

00:59:17 to 00:59:21 So, which by the way, every company, every company

00:59:21 to 00:59:23 around the globe is now paying attention

00:59:23 to 00:59:25 to the policies he's gonna pass.

00:59:25 to 00:59:27 Okay, good stuff.

00:59:27 to 00:59:28 No one thinks for representing table one.

00:59:28 to 00:59:32 Table two, we had Ziaja, Nicole, Leah,

00:59:32 to 00:59:37 Edelmeier and Jordan, we've got two active servants,

00:59:38 to 00:59:40 including Nolan, so thank you for your service.

00:59:40 to 00:59:43 I know you, even though you're active, you're a veteran,

00:59:43 to 00:59:46 because you've been in the service for a while,

00:59:46 to 00:59:47 so thank you all.

00:59:48 to 00:59:51 Who wants to talk about what you discussed at your table

00:59:51 to 00:59:52 from table two?

00:59:58 to 01:00:04 How you doing? Zijia, I know you could chat. I'm sure your baby's sleeping because she's here.

01:00:05 to 01:00:06 I didn't miss that.

01:00:10 to 01:00:15 Okay, so that's exactly what me and Jordan did, actually. I just found out he was in the Navy.

01:00:16 to 01:00:21 So we were just talking, you know, how they was going to move parts and everything from overseas.

01:00:21 to 01:00:29 However, the manufacturing part over here will be beneficial, but we're still relying on

01:00:30 to 01:00:37 other countries in a sense for that ship. And then I was also actually in Jordan about, you know,

01:00:37 to 01:00:43 how do they demand forecasts in the Navy? Because I know for me, I was having a little tough time

01:00:44 to 01:00:50 trying to piece that puzzle together for me. So we was just talking a little bit about that.

01:00:50 to 01:00:55 Okay, that's good. Anybody else wants to add to what Ziaia mentioned?

01:00:55 to 01:00:59 Or share what we all are doing at your company? What you think may be happening?

01:01:03 to 01:01:07 because for some reason the sound wasn't coming through on my video.

01:01:07 to 01:01:08 Okay.

01:01:08 to 01:01:11 So, yeah, so I didn't actually hear what it said.

01:01:12 to 01:01:17 Oh, okay, okay. Well, she was just talking about what she was mentioned. Well, so, all right, so

01:01:17 to 01:01:24 Nicole, you were part of table two, but you missed some, I'm sure, some good discussions with your team,

01:01:25 to 01:01:29 but Ziaja was echoing some of what Nolan mentioned, so.

01:01:30 to 01:01:39 All right, table three, we had the other Jordan, all right, my man in logistics, right?

01:01:39 to 01:01:45 Andrea, Martin, and Pamela, what did your table discuss?

01:01:48 to 01:01:54 So we actually discussed a couple of different aspects of it.

01:01:54 to 01:01:59 So with rotating a lot of raw material source and back

01:01:59 to 01:02:01 to the US to get around the tariffs,

01:02:01 to 01:02:04 there's going to be a lot of production jobs

01:02:04 to 01:02:07 that aren't exactly as common as it used to be.

01:02:07 to 01:02:09 So one thing we talked about is tool and die makers,

01:02:09 to 01:02:12 which Martin said that's what he graduated with.

01:02:12 to 01:02:16 So there's not as many as there used to be.

01:02:16 to 01:02:18 So that's going to create longer lead times,

01:02:18 to 01:02:21 depending on what you need, which a lot of stuff that like

01:02:21 to 01:02:25 Nolan Jordan's I used to do with the Navy procurement,

01:02:25 to 01:02:27 a lot of stuff is tool and die making,

01:02:27 to 01:02:28 especially for the last class of destroyer

01:02:28 to 01:02:31 that came out the DDX program.

01:02:31 to 01:02:34 That was all put into that, especially for the engines.

01:02:34 to 01:02:37 But there's a lot of stuff that's gonna be,

01:02:37 to 01:02:41 have higher lead times, higher expediting,

01:02:41 to 01:02:43 because you're gonna have to pull in from outside the US,

01:02:43 to 01:02:45 creating a whole mess of different things.

01:02:45 to 01:02:46 like.

01:02:47 to 01:02:52 Just had a customer miss out about a hundred grand for the month of November.

01:02:52 to 01:02:59 Yeah. Here's what's impactful about what every one of you are sharing. It means now that either

01:02:59 to 01:03:04 your company have to change suppliers. It has to adjust its supply strategy. It has to adjust its

01:03:04 to 01:03:10 demand plan, its material requirements planning. It also means that it potentially will get an

01:03:10 to 01:03:16 impact in the amount of cost increase to handle and purchase materials. Why? Because Americans,

01:03:16 to 01:03:21 we want to get paid with what we want. So the cost of producing everything is going to be more

01:03:21 to 01:03:26 expensive. So it means the manufacturers are going to want to charge a higher price to maintain your

01:03:26 to 01:03:32 profit, which means as consumers we have to purchase at a higher price or we can't afford it,

01:03:32 to 01:03:37 we don't purchase. So it means your company gets less sales, which means less profit,

01:03:37 to 01:03:40 which means less bonuses, commissions, and pay raises for employees.

01:03:41 to 01:03:44 Always comes back to your back pocket.

01:03:44 to 01:03:45 Okay? All right, cool.

01:03:45 to 01:03:47 Appreciate you all engaging in that.

01:03:47 to 01:03:53 All right, let's talk about the homework.

01:03:54 to 01:03:58 Okay? And everybody's like, yeah, this is what I came here for.

01:03:58 to 01:04:00 Why do you wait this long?

01:04:00 to 01:04:03 Because I had to walk you through that.

01:04:05 to 01:04:09 Let me share my screen one more time, get back to...

01:04:18 to 01:04:22 All right, so the homework is on page 540.

01:04:24 to 01:04:25 Okay.

01:04:26 to 01:04:28 And it is...

01:04:30 to 01:04:33 the casual furniture company and ain't nothing casual about it.

01:04:33 to 01:04:38 All right. So, um, let me get to.

01:04:40 to 01:04:43 the actual homework so you could see it.

01:04:48 to 01:04:49 modules.

01:04:51 to 01:04:52 Go down to week three.

01:04:52 to 01:04:56 And if you hadn't read this yet, my recommendation is.

01:04:57 to 01:05:01 do not wait a long time after I walk you through what to do here.

01:05:01 to 01:05:04 Right. So you notice it says.

01:05:06 to 01:05:10 the casual furniture company, you got four questions. The first one, develop the MRP for

01:05:10 to 01:05:19 all of the components. So when it says develop the MRP, it means the MRP record of, you know,

01:05:20 to 01:05:25 gross requirements, schedule receipts, all that stuff, like in the gross exhibit 14, 7 to 14,

01:05:25 to 01:05:30 15, you got to develop all of those. Okay. Then it asks you a couple questions. During week one of

01:05:30 to 01:05:35 the plan, the bracket supplier notify CFC that the order for 600 units will not arrive as plan.

01:05:35 to 01:05:40 I mean, these questions are not the easiest, right?

01:05:41 to 01:05:43 And then it says, now that the plan has been developed,

01:05:43 to 01:05:45 is it feasible to consider capacity

01:05:45 to 01:05:47 of cutting the department, right?

01:05:47 to 01:05:49 And I think Andrew just put in the chat.

01:05:51 to 01:05:56 it could lead to loss of jobs, right? That's the challenge. Like the video I just had you guys

01:05:56 to 01:06:01 watch, the increase in cost of materials means less profitability. So companies will say,

01:06:01 to 01:06:06 you know, we'll cut a product line out, or we'll stop offering a certain service,

01:06:06 to 01:06:10 because it's too expensive for us to sustain, which means jobs may be impacted.

01:06:12 to 01:06:16 Right? So the stuff we're covering this week is boring, as complicated as it is.

01:06:16 to 01:06:17 It does matter.

01:06:17 to 01:06:21 Okay? And then it's asking you if you could change lead times.

01:06:21 to 01:06:23 Okay? And then it's saying here for full credit, you need to use the material

01:06:23 to 01:06:27 from this week's lessons, text, or discussions when responding to the questions.

01:06:28 to 01:06:29 Do APA, all that stuff.

01:06:29 to 01:06:32 Okay? This is such a difficult homework.

01:06:32 to 01:06:33 I'll tell you what I want you to do.

01:06:34 to 01:06:37 Okay? Here's what I want you to do.

01:06:37 to 01:06:38 Okay?

01:06:38 to 01:06:39 Okay.

01:06:40 to 01:06:48 So let's go to the homework here.

01:06:48 to 01:06:51 Let me stop sharing this screen.

01:06:53 to 01:06:54 And.

01:06:56 to 01:06:58 open up another screen.

01:07:01 to 01:07:02 and go to the...

01:07:03 to 01:07:05 casual furniture company.

01:07:07 to 01:07:07 I got three screens.

01:07:07 to 01:07:09 That's why I'm looking this way.

01:07:09 to 01:07:12 It's not because I'm ignoring you all,

01:07:12 to 01:07:14 because I'm going to show you some stuff here.

01:07:28 to 01:07:31 So everyone is seeing my screen here.

01:07:31 to 01:07:33 So I'm sharing my actual screen here.

01:07:33 to 01:07:35 So.

01:07:38 to 01:07:39 Okay.

01:07:40 to 01:07:44 So you have, this is the casual furniture company.

01:07:44 to 01:07:47 Okay, notice there's a bill of material.

01:07:47 to 01:07:48 I told you all, you're gonna have to understand

01:07:48 to 01:07:49 what the bill of material is.

01:07:49 to 01:07:51 So this is a product structure tree,

01:07:51 to 01:07:52 bill of material, I'm looking on this side

01:07:52 to 01:07:55 because it's on this screen while my camera's here.

01:07:55 to 01:07:57 So you'll see the product structure tree

01:07:57 to 01:07:58 where the bookshelf, right?

01:07:58 to 01:08:01 It says here, the casual furniture company

01:08:01 to 01:08:04 makes a variety of bookshelves for businesses.

01:08:04 to 01:08:07 Let me zoom in here so it's a little bit easy to read.

01:08:07 to 01:08:11 It makes a variety of bookshelves for businesses,

01:08:11 to 01:08:13 for home and businesses, the shelves come in various heights,

01:08:13 to 01:08:16 wits, materials and finishes, right?

01:08:17 to 01:08:20 And it says the MPS and MRP records are shown

01:08:20 to 01:08:22 for the casual furniture company products,

01:08:22 to 01:08:25 part number four times three dash O one,

01:08:25 to 01:08:28 at four foot high, three foot wide bookshelf.

01:08:28 to 01:08:31 Now I've ordered bookshelves from Target, Walmart,

01:08:31 to 01:08:34 and I put them together, and it's a pain in the butt

01:08:34 to 01:08:35 just to even put together, all right?

01:08:35 to 01:08:40 It says the bill of material is a product structure diagram is showing below. So you're given this

01:08:41 to 01:08:44 Okay, you're given this figure right here and

01:08:45 to 01:08:50 The figure is listed as to make the bookshelf. You have three primary

01:08:51 to 01:08:57 Parts, you got a cabinet the shelves and the brackets and the sub assembly for those is for the cabinets

01:08:57 to 01:09:02 You have a back a side and an end and for each one you have an oak sheet and then for the shelf

01:09:30 to 01:09:36 right so I have one oak sheet here two oak sheets here because for each cabinet

01:09:36 to 01:09:41 I need two sides which means there's two oak sheets I need for two sides right so

01:09:41 to 01:09:48 so the math gets complicated you know it gets super complicated right so that's

01:09:48 to 01:09:55 your product structure of bill of materials okay and on top of that you

01:09:55 to 01:10:01 have this material that's provided to you in the case study. Okay, here's your

01:10:01 to 01:10:05 master production schedule and I'll tell you what, let me open up a secondary

01:10:05 to 01:10:11 window here so you could see why this stuff matters.

01:10:14 to 01:10:20 load. Come on y'all. Tickin' tickin' tickin'. There we go. Let's go down to chapter 14.

01:10:24 to 01:10:27 That's the bookshelf. Let's go to chapter 14. Let's go to...

01:10:29 to 01:10:30 the

01:10:32 to 01:10:36 MRP inputs, the mass production schedule.

01:10:37 to 01:10:43 So this MPS number right here on your master production schedule for the grill set is what

01:10:44 to 01:10:49 the MPS here is providing for the bookshelf. So you don't have to calculate a master production

01:10:49 to 01:10:53 schedule. So it's giving you the MPS and then it's giving you

01:10:55 to 01:10:57 this bit of information.

01:10:57 to 01:10:59 It's giving you the lot size for each one

01:10:59 to 01:11:02 for the overall bookshelf, lot for lot, cabinet,

01:11:02 to 01:11:04 lot for lot, so that means whatever your demand is,

01:11:04 to 01:11:06 you order exactly what you need.

01:11:06 to 01:11:08 But then for the shelf, you order fixed order quantity,

01:11:08 to 01:11:11 right, lead time, it tells you what the lead time

01:11:11 to 01:11:13 for each one is, available inventory,

01:11:13 to 01:11:15 tells you what each one is, safety stock,

01:11:15 to 01:11:18 you only got safety stocks for the oak sheets.

01:11:18 to 01:11:20 And it tells you what the process and time and parts are,

01:11:20 to 01:11:23 right, and here are the questions

01:11:23 to 01:11:25 that is listed in the homework.

01:11:25 to 01:11:30 All right, so here's what you have to do for the homework.

01:11:31 to 01:11:31 Um.

01:11:33 to 01:11:35 you need to take all this data.

01:11:36 to 01:11:40 with the MPS and the

01:11:41 to 01:11:47 details providing the case study and you need to build an MRP record just like this,

01:11:49 to 01:11:54 just like the the grill set where you're given, notice the grill set you were given a product

01:11:54 to 01:11:58 structure tree build of materials for the homework you're given a product structure tree build of

01:11:58 to 01:12:05 materials for the grill set you have to take all this information and then go build, hold on here,

01:12:05 to 01:12:09 go build this

01:12:11 to 01:12:17 MRP record, gross requirements, schedule receipts, and you go through and build it for each one for

01:12:17 to 01:12:25 the main grill set and then you got to go do the spatula right where is it at here that's the main

01:12:25 to 01:12:33 grill set then you got the fork the spatula the handle etc for this you'll have to do an MRP record

01:12:33 to 01:12:40 for the bookshelf then for the cabinet the shelf for the bracket for the back the side the end and

01:12:40 to 01:12:51 in the Oakesheet. So that's 1, 2, 3, 4, 5, 6, 7, 8 MRP records. That's the homework.

01:12:55 to 01:12:55 Yes.

01:12:57 to 01:13:02 This is the quietest week of every class engaging session.

01:13:03 to 01:13:04 So.

01:13:05 to 01:13:07 Anybody feel that he could do this on your own?

01:13:07 to 01:13:10 You think he could do this on your own without any help?

01:13:12 to 01:13:13 Anybody?

01:13:20 to 01:13:20 Haha

01:13:21 to 01:13:23 Amen, Jordan. Speak for the class, man.

01:13:23 to 01:13:25 All right. So here's what I did for you all.

01:13:25 to 01:13:26 Okay.

01:13:29 to 01:13:31 created a template for you.

01:13:33 to 01:13:35 where so

01:13:36 to 01:13:41 No one is saying, Dr. D, you're amazing. Dr. D, thank you so much for helping us.

01:13:42 to 01:13:48 I mean like, yeah. So here's what I'm doing for you. I created this template for you,

01:13:48 to 01:13:52 right? Where I already set it up for you. Okay.

01:13:54 to 01:13:54 First tab.

01:13:55 to 01:13:56 Raisin, I hear you.

01:13:56 to 01:13:58 Choose the questions.

01:13:59 to 01:14:00 Second tab.

01:14:01 to 01:14:10 shows the details from the case study.

01:14:10 to 01:14:13 See, all the information is in here.

01:14:13 to 01:14:17 And the last tab is the framework.

01:14:17 to 01:14:18 So I got the MPS already loaded.

01:14:18 to 01:14:21 I mean, the MPS material is already loaded in here.

01:14:21 to 01:14:25 And to make it even easier for you, on the bottom here,

01:14:25 to 01:14:28 I listed all the formulas.

01:14:30 to 01:14:30 Okay.

01:14:31 to 01:14:34 Come on with it. Questions anybody?

01:14:35 to 01:14:42 I'm a little upset because I I was trying to pregame and so I

01:14:42 to 01:14:45 started building a template to one Excel just like you're doing

01:14:45 to 01:14:48 something like, I mean, obviously, I'm going to use

01:14:48 to 01:14:50 yours, but I'm like, oh, man.

01:14:52 to 01:14:56 Yeah, so, so Miriam, yes, you'll get the template. Yes.

01:14:56 to 01:14:57 Thanks for asking.

01:14:57 to 01:15:00 Yes, Martin, you'll get it.

01:15:00 to 01:15:02 I'll email it to you all, right?

01:15:02 to 01:15:04 And I'll post it in the chat.

01:15:04 to 01:15:09 And you will see that template all over the place, right?

01:15:09 to 01:15:12 You all will get it by the end of the day.

01:15:12 to 01:15:13 You will get it, okay?

01:15:13 to 01:15:16 As soon as this is loaded, as soon as this, you know,

01:15:16 to 01:15:19 so you'll get it, don't worry, you'll get it, okay?

01:15:19 to 01:15:21 So what I need you all to do,

01:15:21 to 01:15:23 and this is how I could tell that people did what I told them

01:15:23 to 01:15:24 or if they go in and did the own thing

01:15:24 to 01:15:26 and not leverage my advice

01:15:26 to 01:15:29 because your homework should be this template, right?

01:15:29 to 01:15:31 The formulas will trip you up a bit.

01:15:31 to 01:15:33 That's okay, just give your best attempt.

01:15:33 to 01:15:35 I'm very lenient, I'm great.

01:15:35 to 01:15:36 Just give your best attempt.

01:15:36 to 01:15:38 I need to see numbers in each one of the cells.

01:15:38 to 01:15:40 Don't be like one of those folks that says,

01:15:40 to 01:15:42 I'm Dr. D, this got harder than I just gave up.

01:15:42 to 01:15:43 Don't do that.

01:15:43 to 01:15:45 Man, this is your journey.

01:15:45 to 01:15:47 Be selfish about your journey.

01:15:47 to 01:15:52 Even if you get it wrong, you're still learning, okay?

01:15:52 to 01:15:55 This particular homework and this concept,

01:15:55 to 01:15:57 I could teach an entire class on this.

01:15:57 to 01:16:00 I could build a class on MRP.

01:16:00 to 01:16:03 But it squeezed in as one week.

01:16:03 to 01:16:07 So for gross requirements, so one of the things

01:16:07 to 01:16:10 you'll notice in this template I put in here,

01:16:10 to 01:16:14 I took all this information for you, all the stuff

01:16:14 to 01:16:17 that I know would have tripped everybody up on.

01:16:17 to 01:16:18 And I said, you know what?

01:16:18 to 01:16:20 I'm going to save you all the headache.

01:16:20 to 01:16:23 And because there's 100% probability, at least 50%

01:16:23 to 01:16:25 and you will not know how to use this.

01:16:25 to 01:16:28 I'm like, okay, let me go to build it for you.

01:16:28 to 01:16:31 I put it in here in yellow, your lot for lot,

01:16:31 to 01:16:33 your lot size, your lead time, your inventory.

01:16:33 to 01:16:37 You notice I punched it in here for you, okay?

01:16:37 to 01:16:41 Your MRP record for the bookshelf is the untied bookshelf.

01:16:41 to 01:16:46 Your MRP record for the cabinet is one per bookshelf, okay?

01:16:46 to 01:16:51 Notice for the back, it's one per cabinet.

01:16:51 to 01:16:53 For the side, it's two per cabinet.

01:16:53 to 01:16:54 Why?

01:16:54 to 01:16:57 Because when I look at the product structure tree

01:16:57 to 01:17:00 for the back, you could see,

01:17:00 to 01:17:02 for the side, I'm sorry, it's two per cabinet.

01:17:02 to 01:17:03 I need two sides per cabinet,

01:17:03 to 01:17:05 for the end I need two per cabinet.

01:17:05 to 01:17:06 So,

01:17:07 to 01:17:09 For the side, I need two per cabinet.

01:17:09 to 01:17:11 For the end, I need two per cabinet.

01:17:11 to 01:17:13 I'll tell you why that's important here in just a bit,

01:17:13 to 01:17:14 right?

01:17:14 to 01:17:16 For the shelf, I need three per bookshelf.

01:17:16 to 01:17:17 Pay attention to that.

01:17:17 to 01:17:20 Pay attention to what the record is pulling from,

01:17:20 to 01:17:22 based on your product structure.

01:17:22 to 01:17:25 For the bracket, I need four for bookshelf.

01:17:25 to 01:17:26 Again, why am I getting that?

01:17:26 to 01:17:28 The bracket, I need four for bookshelf.

01:17:28 to 01:17:29 Why?

01:17:29 to 01:17:32 Because for my bracket, it says four.

01:17:32 to 01:17:33 I need four for the bookshelf.

01:17:35 to 01:17:44 Okay. And then from my oak sheet, notice I need one per back, one per side, one per end, and one per shelf.

01:17:44 to 01:17:56 So this is a pretty complex math. So I need one per back, one per side, one per end, and one per shelf.

01:17:56 to 01:18:01 The challenge here is I need two ends. So that means I need two. I need two sides. I need two.

01:18:01 to 01:18:09 So I have one plus two, that's three, plus two, that's five, plus one, that's six, right?

01:18:09 to 01:18:15 So if I was to let you do this on your own, I mean, this would trip everybody up, right?

01:18:15 to 01:18:19 So one of the things to say in gross requirements is the first thing I need to do.

01:18:19 to 01:18:23 Gross requirements is the total amount of an end item that's required.

01:18:23 to 01:18:29 So your gross requirements formula, for the first one, your gross requirements equal whatever

01:18:29 to 01:18:37 your NPS is. Okay? Take that, drag that over. Okay? How do I calculate my

01:18:37 to 01:18:41 schedule receipts? My schedule receipts? I'm sorry I'm gonna look at my other

01:18:41 to 01:18:47 screen because I don't want to scroll up and down and confuse you all.

01:18:46 to 01:18:49 So schedule receipts, the formula on the bottom of this,

01:18:49 to 01:18:51 and if you go in the textbook, it says it's

01:18:51 to 01:18:54 my gross requirements minus the sum of my schedule receipts

01:18:54 to 01:18:56 and available inventory.

01:18:56 to 01:19:02 So how much available inventory do I have?

01:19:02 to 01:19:04 I have zero available inventory.

01:19:04 to 01:19:09 So for week one, my schedule receipts

01:19:09 to 01:19:12 is the sum of

01:19:13 to 01:19:17 You know, it's the sum of, and I keep looking at this other screen here.

01:19:18 to 01:19:22 My schedule receipts is the quantity that's been ordered.

01:19:23 to 01:19:25 I'm sorry. Yeah. The quantity that's been ordered, but not received.

01:19:25 to 01:19:28 So what did I order, but not receive yet?

01:19:28 to 01:19:34 So I've ordered, um, 70, but I haven't received it yet.

01:19:35 to 01:19:38 Right. Because I have no lead time. Okay.

01:19:38 to 01:19:46 And my available inventory, which is the more complex formula, my available inventory,

01:19:47 to 01:19:53 the formula for available inventory is inventory at the start

01:19:53 to 01:19:57 of a period plus schedule release, schedule receipt.

01:19:57 to 01:20:00 So inventory at the start of the period, which is zero, right?

01:20:00 to 01:20:02 So I have zero, right?

01:20:02 to 01:20:03 Plus.

01:20:05 to 01:20:07 Schedule receipts plus 70.

01:20:09 to 01:20:13 plus plan order receipts minus gross requirements,

01:20:13 to 01:20:18 plus plan order receipts, which there's nothing in here yet,

01:20:18 to 01:20:22 and all of that minus gross requirements,

01:20:22 to 01:20:26 so minus gross requirements, minus my gross requirements.

01:20:26 to 01:20:29 So right now, that number shows up as zero.

01:20:29 to 01:20:30 But that's going to change.

01:20:30 to 01:20:34 So that's how you would calculate this across the board.

01:20:34 to 01:20:35 What are my net requirements?

01:20:35 to 01:20:38 And again, this is all listed down here.

01:20:38 to 01:20:42 My net requirements are gross requirements minus schedule.

01:20:42 to 01:20:45 So you see that gross requirements minus schedule receipts

01:20:45 to 01:20:48 and available inventory at the end of the last period.

01:20:48 to 01:20:49 All right.

01:20:49 to 01:20:50 So my...

01:20:51 to 01:20:54 net requirements

01:20:56 to 01:20:58 I'm looking at my other screen for my formulae.

01:20:58 to 01:21:02 My net requirements is my gross requirements.

01:21:02 to 01:21:04 equal my gross requirements.

01:21:06 to 01:21:07 What does it say?

01:21:07 to 01:21:09 Equal my gross requirements.

01:21:10 to 01:21:22 minus the sum of scheduled receipts, the sum of scheduled receipts, plus available inventory, right?

01:21:22 to 01:21:25 Plus available inventory is zero.

01:21:28 to 01:21:31 Okay, and then your plan order release,

01:21:31 to 01:21:34 your plan order receipt is the amount that is planned

01:21:34 to 01:21:36 to arrive at the beginning of the period,

01:21:36 to 01:21:37 and your plan order release is the amount

01:21:37 to 01:21:41 that is planned to be ordered in another period.

01:21:41 to 01:21:44 So I will leave these two things for you

01:21:44 to 01:21:49 to answer on your own, but this is what you will have to do.

01:21:49 to 01:21:51 Here's the challenge now, right?

01:21:51 to 01:21:54 Whatever your plan order release is,

01:21:54 to 01:21:58 that's what feed your gross requirements for the next one.

01:21:58 to 01:22:01 Because the cabinet is pulling from the bookshelf,

01:22:01 to 01:22:04 my gross requirements for the bookshelf

01:22:04 to 01:22:07 will be whatever this value is.

01:22:07 to 01:22:08 Okay?

01:22:08 to 01:22:11 So you can go in here and do that formula.

01:22:11 to 01:22:13 Here's where it gets tricky.

01:22:14 to 01:22:17 Let's go down to the side.

01:22:17 to 01:22:21 The side is two per cabinet, okay?

01:22:21 to 01:22:24 And because they're two per cabinet,

01:22:24 to 01:22:27 I know I have to go back to the cabinet.

01:22:27 to 01:22:31 So I will have to say my side is equal.

01:22:31 to 01:22:36 The gross requirements for side is two per cabinet

01:22:36 to 01:22:39 will be my plan order release from the cabinet.

01:22:40 to 01:22:42 times two.

01:22:44 to 01:22:46 Okay, because I need two per cabinet.

01:22:46 to 01:22:49 So my gross requirements, I go back to my cabinet

01:22:49 to 01:22:53 and figure out my plan order release for the cabinet,

01:22:53 to 01:22:56 but I need two, so I have to multiply this times two.

01:22:56 to 01:23:00 Similarly with the end, I have to do two per cabinet.

01:23:00 to 01:23:02 And with the shelf, I do three per bookshelf.

01:23:02 to 01:23:05 So in this case, my shelf will be,

01:23:05 to 01:23:07 the gross requirements will be my plan order release

01:23:07 to 01:23:08 for the bookshelf.

01:23:08 to 01:23:10 I'll have to go all the way back up here

01:23:10 to 01:23:15 whatever this is, times 3.

01:23:18 to 01:23:24 Okay, so I'll pause there and see if there are any questions.

01:23:24 to 01:23:26 You guys will get this template.

01:23:26 to 01:23:30 We blanked out all the formulas listed here and what you need to calculate.

01:23:31 to 01:23:36 Now, the two things on the bottom, the plan order receipts and the plan order release is the number

01:23:36 to 01:23:37 that you come up with.

01:23:37 to 01:23:39 It's not necessarily a calculation.

01:23:39 to 01:23:44 If you notice, plan order receipt is the amount that is planned to arrive at the beginning

01:23:44 to 01:23:49 period and the amount that is planned to be ordered in a period. One of the things

01:23:49 to 01:23:54 you have to pay attention to, wherever the lead time is more than zero, okay,

01:23:54 to 01:23:58 wherever the lead time is more than zero, you're going to have to, you're gonna

01:23:58 to 01:24:02 have to pay attention to

01:24:03 to 01:24:07 If the lead time is one, that means you can't really start stuff until week two,

01:24:07 to 01:24:08 because you're not going to get into week one.

01:24:08 to 01:24:11 That means you have lead time before you get, okay?

01:24:12 to 01:24:16 In some cases, I think there's more than, there's something with more than one week.

01:24:16 to 01:24:20 Yeah, this one is week two, like the OCE, the lead time is two weeks,

01:24:20 to 01:24:23 so that means week three is when your activity starts,

01:24:24 to 01:24:28 because you've got two weeks of waiting before you get whatever you need, okay?

01:24:28 to 01:24:33 So that is another impact of these tariffs.

01:24:34 to 01:24:36 If there's tariffs on things from China

01:24:36 to 01:24:38 and 100% from Mexico,

01:24:38 to 01:24:40 and your company decides to ship vendors,

01:24:40 to 01:24:41 it impacts lead time, right?

01:24:41 to 01:24:46 So just pay attention after January 20th,

01:24:46 to 01:24:48 the things that you would normally order for your home

01:24:48 to 01:24:49 that you order online,

01:24:49 to 01:24:51 see if the lead time changes.

01:24:51 to 01:24:52 And you may be saying,

01:24:52 to 01:24:53 Dr. D, I need to stand about that.

01:24:53 to 01:24:55 I'll pay the extra money for Prime Save Day.

01:24:55 to 01:24:58 Okay, so this was a lengthy session,

01:24:58 to 01:25:01 but I had to make it a lengthy session in order for everyone

01:25:01 to 01:25:05 to be able to grasp what needs to be done for the homework.

01:25:05 to 01:25:09 I'll pause there and ask, are there any questions?

01:25:10 to 01:25:12 Yes.

01:25:13 to 01:25:16 So we're not looking at page 540 to do this assignment anymore.

01:25:16 to 01:25:18 That's page 540 is talking about QP industries.

01:25:19 to 01:25:20 That's what I read today.

01:25:22 to 01:25:23 This is page 540 right here.

01:25:24 to 01:25:26 I'm keep going back and forth.

01:25:27 to 01:25:28 See that?

01:25:28 to 01:25:29 Page 540 right here.

01:25:30 to 01:25:32 Casual Furniture Company. You might have started.

01:25:32 to 01:25:33 Pitch 540 starts.

01:25:35 to 01:25:51 This textbook is not the best. It starts with this case study, right? But this case study actually starts on page 539, right? So 540 is lengthy. It's not just here. See page 540? But it also continues.

01:25:51 to 01:25:54 Let me see here. It also continues.

01:25:55 to 01:25:57 I don't know where, here we go.

01:25:59 to 01:26:02 So this is also page 540, Jordan.

01:26:02 to 01:26:02 See that?

01:26:02 to 01:26:05 Page 540, casual furniture company.

01:26:05 to 01:26:07 But I saved you the headache of that

01:26:07 to 01:26:12 by loading all of it here in the template.

01:26:12 to 01:26:15 OK, so then my second question is for the other,

01:26:15 to 01:26:18 I guess there are some questions in there.

01:26:18 to 01:26:21 Do you want all those questions to be answered?

01:26:24 to 01:26:28 Yes, we want to just answer them right below it.

01:26:28 to 01:26:32 And then just turn in this Excel sheet as one document.

01:26:32 to 01:26:34 Yeah, you can do that.

01:26:34 to 01:26:36 OK, just making sure.

01:26:36 to 01:26:40 And I'm going to be lenient on the form.

01:26:40 to 01:26:43 Just use the template, yo.

01:26:43 to 01:26:44 Please use the template.

01:26:44 to 01:26:45 Go ahead, John.

01:26:45 to 01:26:49 So the question, those questions to be answered,

01:26:49 to 01:26:53 short answer, essay format, how you want it?

01:26:54 to 01:26:58 Write it in a manner where if I'm reading it for the first time, it makes sense to me.

01:26:59 to 01:27:00 Copy all.

01:27:01 to 01:27:01 Okay.

01:27:05 to 01:27:06 Gotcha

01:27:06 to 01:27:12 You see if I was if I was to make this an assignment that you were left on your own to do this

01:27:13 to 01:27:17 You see how complex this would be? All right, so

01:27:17 to 01:27:22 Last thing for the class and then I'm gonna let you out of here because I'm sure everybody is digesting

01:27:22 to 01:27:25 What in the world that I sign up for?

01:27:26 to 01:27:28 Just hang in there. You

01:27:28 to 01:27:32 After next week, this is the this is the toughest week in the class

01:27:32 to 01:27:35 I'll just tell you that this week is the toughest week in the class

01:27:36 to 01:27:40 Right it starts getting a bit better next week next week. The homework is complicated. So you want to you know

01:27:41 to 01:27:47 It's simple but complicated so you at least want to attend the engaging session and then after this week

01:27:48 to 01:27:50 week five requires work

01:27:51 to 01:27:53 But it's still going to

01:27:54 to 01:27:57 It's still going to require you to pay attention to detail

01:27:57 to 01:28:02 But it's just going to be not no other homework will be at the level of complexity

01:28:02 to 01:28:06 of week three.

01:28:06 to 01:28:10 Okay? Alright, so I want to, maybe just a second here.

01:28:12 to 01:28:13 I don't know, one of my computer just,

01:28:13 to 01:28:15 my computer just froze up on me for some reason.

01:28:15 to 01:28:18 Like this, I got too many documents open.

01:28:18 to 01:28:19 Let me just pause.

01:28:19 to 01:28:20 Any questions regarding the homework?

01:28:20 to 01:28:22 So Jordan just asked a couple of questions.

01:28:23 to 01:28:25 Nolan asked a question.

01:28:25 to 01:28:27 There is 14 of you on here.

01:28:27 to 01:28:31 12 other people have to have, so go ahead, Nolan.

01:28:31 to 01:28:34 So, you know, I was trying to go through

01:28:34 to 01:28:37 and look at the example of the...

01:28:37 to 01:28:38 The grill set?

01:28:38 to 01:28:40 The grill set, right.

01:28:40 to 01:28:42 And then I know your template, you were saying like,

01:28:42 to 01:28:44 hey, each of the blanks need to get filled out.

01:28:44 to 01:28:49 But if I'm looking at like figure 14, 13, 14, 14, right?

01:28:50 to 01:28:52 There's a lot of blanks in there.

01:28:52 to 01:28:54 I mean, essentially as if we're filling in the formula

01:28:54 to 01:28:57 based off the guide that you're giving us,

01:28:57 to 01:28:59 those will come out to zero.

01:28:59 to 01:29:00 They'll come out to zero negative.

01:29:00 to 01:29:03 And if it's zero negative, it's gonna be a blank.

01:29:03 to 01:29:04 Okay.

01:29:04 to 01:29:05 Thank you.

01:29:05 to 01:29:06 Okay.

01:29:07 to 01:29:15 um any other questions now is the time to ask yo for real now is the now is the time to ask

01:29:17 to 01:29:19 if you don't ask.

01:29:21 to 01:29:23 and you wait.

01:29:24 to 01:29:30 What happens is you go back and read it and then all of a sudden you're like, what did I just do?

01:29:30 to 01:29:35 And you'll end up watching the recording two or three times.

01:29:35 to 01:29:36 Okay.

01:29:36 to 01:29:42 But that's okay. If that's your MO, that's okay. There's nothing wrong with that.

01:29:42 to 01:29:44 Okay.

01:29:46 to 01:29:47 These are my camera just frozen.

01:29:47 to 01:29:48 Here we go.

01:29:49 to 01:29:51 Okay.

01:29:51 to 01:29:51 So,

01:29:55 to 01:29:59 I am purposely, I am like literally purposely stolen because I want to make sure you all

01:29:59 to 01:30:06 ask questions man. I'm not being funny about it. Okay, well here last thing to do here

01:30:08 to 01:30:15 is I want to go ahead and I want to go ahead and take a poll, right? So we could kind of see what

01:30:16 to 01:30:20 how today was. So first thing here,

01:30:28 to 01:30:34 First poll here, I said which concept covered in week three was significant learning for you this week.

01:30:34 to 01:30:44 And you got a couple options. You got eight options. The concept of MRP, the MRP framework, the MPS process, the MRP process. So

01:30:45 to 01:30:53 in the indented building materials, product structure building materials, inventory records, so MRP outputs in use. Right. So I'm going to activate this poll here.

01:30:53 to 01:30:59 and have you all take it. It's you know, you in the class so I expect to see 14 responses.

01:31:06 to 01:31:08 You guys are going at it. I like that.

01:31:08 to 01:31:10 I like that. I like that.

01:31:11 to 01:31:12 Still five more people.

01:31:13 to 01:31:14 We need this feedback.

01:31:14 to 01:31:16 All right, here we go.

01:31:16 to 01:31:17 Four more.

01:31:20 to 01:31:21 One more.

01:31:25 to 01:31:29 All right, so let's share the results.

01:31:30 to 01:31:38 So it looks like the majority of you, 64% of you said D, which is the MRP process.

01:31:39 to 01:31:47 Shocker, Dr. B. Yeah, because it's the homework. All right. Okay, so let's go to the next question

01:31:47 to 01:31:47 here.

01:31:48 to 01:31:49 the next poll.

01:31:52 to 01:31:56 All right, so I'm asking a very similar question.

01:31:56 to 01:31:59 Which concept covered in week three

01:31:59 to 01:32:03 will you need to prepare for the most for your course project?

01:32:03 to 01:32:06 Because remember, the course project is about telling me

01:32:06 to 01:32:08 what you've learned in the class and demonstrating

01:32:08 to 01:32:10 the concepts in the working world

01:32:10 to 01:32:13 by providing a real world example.

01:32:13 to 01:32:16 So which one of these concepts do you believe

01:32:16 to 01:32:22 is going to be you have to prepare for the most?

01:32:22 to 01:32:27 Same options, A is the concept of MRP, B, MRP framework,

01:32:27 to 01:32:30 and MPS, MRP.

01:32:30 to 01:32:32 So which one do you believe you'll have to

01:32:32 to 01:32:34 prepare for the most?

01:32:37 to 01:32:39 still got six people who hadn't responded.

01:32:43 to 01:32:44 Three more.

01:32:46 to 01:32:47 Two more.

01:32:51 to 01:32:53 All right, here we go.

01:32:53 to 01:33:00 And not surprising that 71% of you said the MRP process.

01:33:00 to 01:33:06 Shockingly, the rest of you was split between, let's see here.

01:33:06 to 01:33:07 We had product structure of building material,

01:33:07 to 01:33:10 which is a good one, right?

01:33:10 to 01:33:13 You had, let me see, B, which is the MRP framework,

01:33:13 to 01:33:17 and C, which is the MPS process, which feeds your MRP record.

01:33:17 to 01:33:18 So I like that.

01:33:18 to 01:33:18 I like that.

01:33:18 to 01:33:19 I like that.

01:33:19 to 01:33:20 All right.

01:33:20 to 01:33:24 So last poll, and then we're wrapping.

01:33:24 to 01:33:29 I'm asking you all, all right?

01:33:29 to 01:33:32 OK, after participating in the week three live engagement

01:33:32 to 01:33:34 session, what will be the most challenging thing for you

01:33:34 to 01:33:36 this week?

01:33:36 to 01:33:39 Chapter 14 content, the discussion questions,

01:33:39 to 01:33:42 your time management, the case study,

01:33:42 to 01:33:44 how do you translate the week three content

01:33:44 to 01:33:45 to your course project or Dr. D?

01:33:45 to 01:33:48 Which one is the most challenging for you?

01:33:48 to 01:33:48 I've got to throw my name in there,

01:33:48 to 01:33:51 because I know you guys say some words about me.

01:33:51 to 01:33:52 Here we go.

01:33:53 to 01:33:55 Go ahead, you got six options.

01:34:09 to 01:34:11 Sorry, one more.

01:34:11 to 01:34:12 There you go.

01:34:12 to 01:34:12 Well.

01:34:15 to 01:34:17 So at least I got a response.

01:34:17 to 01:34:18 There you go, man.

01:34:18 to 01:34:19 Somebody put my name on there.

01:34:19 to 01:34:20 I like that.

01:34:20 to 01:34:25 Okay, so 57% of you said the case study.

01:34:28 to 01:34:31 Another 21% of you said time management,

01:34:31 to 01:34:32 which is pretty important, right?

01:34:32 to 01:34:34 So that's the chunk of, that's the 80-20 rule.

01:34:34 to 01:34:39 So look, I hope, I hope, I hope that,

01:34:42 to 01:34:45 that each of you take the time this week

01:34:45 to 01:34:46 to manage your time.

01:34:46 to 01:34:47 It's Monday.

01:34:47 to 01:34:50 You have six more days before the weekends.

01:34:50 to 01:34:51 Do not wait until Sunday.

01:34:53 to 01:34:56 It is very difficult to accept late assignments

01:34:56 to 01:35:01 because week four is as complicated around the concepts.

01:35:01 to 01:35:05 Okay, so I am available to each of you.

01:35:05 to 01:35:07 If you have any questions about the homework,

01:35:08 to 01:35:11 and for the person who said I'm the most challenging,

01:35:11 to 01:35:13 I'll try to be less challenging.

01:35:13 to 01:35:16 So thank you all for joining.

01:35:16 to 01:35:18 Thank you for participating.

01:35:18 to 01:35:19 Thank you for engaging.

01:35:19 to 01:35:21 Good luck and Godspeed.

01:35:23 to 01:35:25 Please ask questions if you have them, all right?

01:35:26 to 01:35:31 Anything to add before or mention before we end the session for tonight?

01:35:31 to 01:35:33 I will send the template out.

01:35:33 to 01:35:33 Don't worry.

01:35:33 to 01:35:34 I'll send it out.

01:35:34 to 01:35:36 OK.

01:35:36 to 01:35:38 Anybody?

01:35:38 to 01:35:40 Thanks for the information.

01:35:40 to 01:35:42 It's overwhelming, but thanks a lot.

01:35:44 to 01:35:51 I try to warn everybody man. I try to warn y'all. I try to warn y'all. Oh my goodness. Yeah, yeah,

01:35:51 to 01:35:59 yeah. I try to warn y'all. I said be prepared. Thank you all. Have a good day.