You Will Use The Module Six Shortage And Overages Spreadshee

You Will Use Themodule Six Shortage And Overagespreadsheet To Complete

You will use the Module Six Shortage and Overage spreadsheet to complete this assignment. Using the Excel spreadsheet, enter the correct formula for each question. Each question may require more than one response. The yellow boxes indicate a response is required. Refer to the Module Six Shortage and Overage Guidelines and Rubric for directions on completing this assignment. All calculations should be rounded to the nearest tenth.

Paper For Above instruction

The purpose of this assignment is to develop proficiency in using Excel formulas to analyze shortage and overage scenarios within a supply chain context. The spreadsheet provided in Module Six serves as a practical tool to apply theoretical concepts, ensuring accurate data analysis and decision-making in inventory management.

In this task, students are required to carefully examine the spreadsheet, identify the questions marked within the yellow response boxes, and input the appropriate formulas that compute the necessary values. These formulas might include basic arithmetic operations, functions such as SUM, AVERAGE, or conditional statements like IF, depending on the specifics of each question. It is essential to adhere to the rounding instruction, ensuring all results are rounded to the nearest tenth to maintain consistency and accuracy in reporting.

Understanding shortages and overages is vital for effective inventory control. Shortages occur when demand exceeds supply, leading to lost sales and customer dissatisfaction, while overages refer to surplus stock that can increase holding costs. Calculating the extent of shortages and overages allows managers to identify trends, adjust ordering policies, and optimize stock levels to balance service levels and costs effectively.

The guidelines provided in the module emphasize the importance of formula accuracy and proper cell referencing to prevent errors in calculations. Students should verify each formula by testing with sample data within the spreadsheet before final submission. Proper documentation of formulas, either through cell comments or formula auditing tools, is recommended to facilitate review and troubleshooting.

Upon completing the worksheet, students will analyze the results, interpreting how different variables such as order quantities, lead times, and demand variability influence shortages and overages. This analysis enhances decision-making skills, enabling future application in real-world inventory management challenges.

References

  • Chopra, S., & Meindl, P. (2016). Supply Chain Management: Strategy, Planning, and Operation. Pearson.
  • Cachon, G. P., & Terwiesch, C. (2009). Matching Supply with Demand: An Introduction to Operations Management. McGraw-Hill Higher Education.
  • Heizer, J., Render, B., & Munson, C. (2016). Operations Management. Pearson.
  • Simchi-Levi, D., Kaminsky, P., & Simchi-Levi, E. (2007). Designing and Managing the Supply Chain: Concepts, Strategies, and Case Studies. McGraw-Hill.
  • Silver, E. A., Pyke, D. F., & Peterson, R. (1998). Inventory Management and Production Planning and Scheduling. Wiley.
  • Waters, D. (2011). Supply Chain Risk Management: Vulnerability and Resilience in Logistics. Kogan Page.
  • Ballou, R. H. (2004). Business Logistics/Supply Chain Management. Pearson Education.
  • Fisher, M. L. (1997). What Is the Right Supply Chain for Your Product? Harvard Business Review, 75(2), 105-117.
  • Hopp, W. J., & Spearman, M. L. (2008). Factory Physics. Waveland Press.
  • Mentzer, J. T. (2004). Fundamentals of Supply Chain Management. Sage Publications.

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