Reference no: EM13929137
1. What is the important starting point in developing a capacity plan?
Understanding key components of the supply chain
Predicting the ability of suppliers to meet needs
Determining the effective capacity of a resource over some period of time.
Predicting the needs of customers
2. What is another name for the fixed-order quantity inventory model?
The ABC model
Economic order quantity model
Periodic replenishment model
Cycle counting model
3. Which of the following is most closely related to the reason a firm might implement MRP?
So they can order parts sufficient for immediate use
To assure appropriate quality levels
So they can order the right parts
So they can insure that parts to arrive
To assure appropriate quality levels
4. In conducting aggregate operations planning there are a number of required inputs. Which of the following are inputs considered most external to the firm?
Internal inventory levels and market demand
Current physical capacity of the organization
Subcontractor capacity and inventory levels
Raw material availability and competitor's behavior
5. Which of the following is an input to the master production schedule (MPS)?
Inventory records file
The aggregate plan
Exception report
Bill of materials
6. In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand?
Past demand
Inconsistent demand
Future demand
Cyclical elements
7. In business forecasting, what is usually considered a short-term time period?
Six months or more
More than three months
Less than three months
Four weeks or less
8. When considering outsourcing, what should firms tend to avert?
Losing control of non-core activities
Allowing outsourcing to develop into a substitute for innovation
Allowing employees transferred to the outsourcing partner to rejoin the firm
Giving the outsourcing partner opportunities to become a strong competitor
9. Which of the following is an essential resource that flows through a hospital supply chain?
Information
Medicine
Patients
Doctors and Nurses
10. Which of the following is one of the main purposes of a MRP system?
Determine the materials needed.
Decrease labor requirements.
Stimulate the work force.
Educate personnel in basic work rules.
11. Which of the following is an input to the master production schedule?
Prototype products from product development
Forecasts of customer demand
Aggregate component schedule
Peg reports from factory records
12. The main purpose of aggregate operations planning is to specify the optimal combination of which of the following?
Inventory on hand and financing costs for that inventory
Workforce levels and inventory on hand
The strategic plan and the products available for sale
The workforce level and the degree of automation
13. Which of the following forecasting methods is very dependent on selection of the right individuals who will judgmentally be used to actually generate the forecast?
Weighted moving average
Simple moving average
Delphi method
Time series analysis
14. Which of the following is a perpetual system for inventory management?
Fixed-time period
First-in-first-out
P model
Fixed-order quantity
15. Which of the following is an input file necessary to run an MRP system?
Exception report
Computer-aided-design files
Planned order schedule
Inventory records file
16. Which of the following is one of the categories of manufacturing inventory?
Quality units
Economic Order Inventory
Work-in-process
JIT Inventory
17. Which of the following is an input file necessary to run an MRP program?
Exception reports
Planned-order schedules
Bill of materials (BOM) file
Quality management report
18. Which is the most challenging kind of supply chain to manage according to Hau Lee?
Risk-hedging
Efficient
Erratic
Agile
19. What is the effect of the lack of synchronization among supply-chain members?
Continuous replenishment
Metcalf's Law
Bullwhip effect
Forward buying
20. Which of the following is considered a pure production planning strategy?
Level playing field
Stable workforce, variable work hours
Lag demand
Variable workforce, stable work hours
21. The text mentions several common approaches to use when developing a strategy to close a capacity gap (where utilization of a resource exceeds capacity available). Which of the following is among the common approaches mentioned?
Transferring capacity from other units
New construction
Closing a related department
Hire more employees