Correct regarding future demand for component parts

Assignment Help Operation Management
Reference no: EM132255811

ONLY RESPOND IF YOU WILL ANSWER ALL QUESTIONS

The main problem with the traditional annual physical inventory count is

A. closing the inventory warehouse for the time needed to conduct the physical inventory count.

B. reconciling the physical inventory count with up to date BOMs.

C. many of the people assigned to this task are inexperienced and make errors.

D. none of the above.

Which of the following is correct regarding future demand for component parts?

A. Future demand in an order-point system is based on the master production schedule.

B. Future demand in an MRP system is based on the past history of demand for each component part.

C. Future demand in an MRP system is based on the master production schedule.

D. None of the above

An MRP system makes it possible to

A. manage thousands of products and parts in an environment of unpredictable demand and shifting priorities.

B. translate the parts explosion into a master production schedule to satisfy the aggregate planning requirements.

C. shift the demand for finished products from independent to dependent demand.

D. do all of the above.

The purpose of lot sizing in MRP is to

A. avoid the need for fixed lot sizes by allowing adjustable lots (lot-for-lot).

B. adjust orders to match the gross requirement, eliminating the need to carry ending inventory.

C. promote economical production lots and purchasing orders.

D. do all of the above.

Reference no: EM132255811

Questions Cloud

Strategies are used by company the group is evaluating : What types of strategies are used by the company the group is evaluating? How were you able to identify these strategies?
Identify problem in your current job or previous job : Identify a problem in your current job or a previous job, such as inadequate use of technology, inefficient procedures, spotty customer service,
About ideas being communicated : How do communicators assure they are being precise and clear about ideas being communicated?
Identify the most attractive potential new foreign market : Identify the most attractive potential new foreign market for the company UBER, with appropriate reasons to support your choice.
Correct regarding future demand for component parts : The main problem with the traditional annual physical inventory count is. Which of the following is correct regarding future demand for component parts?
The project is selling chinese-style phone case : The project is selling Chinese-style phone case from the Palace Museum to Italy
What went wrong for unionism : Describe the labor movement in the U.S. from its beginnings to today. What went wrong for unionism?
What is the specialist of these security drones : What is the specialist of these Security Drones? Explain the importance of these Security Drones like what kind of security they can assure around the campus?
Prepare the equipment for producing hot dogs : The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 4,000 per day. Find the number of runs per year. Find the optimal run size.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd