Question 1

Among the key S&OP activities, state the activity that attempts to integrate the production with other core business processes.

Accepted Answer

Among the key Sales and Operations Planning (S&OP) activities, the activity that attempts to integrate production with other core business processes is the Demand/Supply Balancing activity. This critical step in the S&OP process involves aligning the production plans with demand forecasts, inventory levels, and the capacity of the organization to deliver products.

During the Demand/Supply Balancing activity, cross-functional teams from sales, marketing, production, procurement, logistics, and finance collaborate to review the demand forecasts and the current supply situation. They work together to identify any gaps between what the market is expected to require and what the company is capable of producing. This includes assessing the impact of new product introductions, promotions, and other demand influencers, as well as considering supply constraints such as limited production capacity, supplier issues, or logistical bottlenecks.

The goal of this activity is to create a consensus plan that ensures the company can meet customer demand in the most efficient and cost-effective manner possible, while also aligning with the company's financial objectives and strategic goals. This integrated approach helps to optimize inventory levels, improve customer service, reduce waste, and increase profitability.

By effectively balancing demand and supply, the organization can make informed decisions about production schedules, resource allocation, and market commitments, ensuring that all core business processes are working in harmony towards the company's overall success.

Question 2

ABC Inc.custom makes furniture.It has 20 workers who produce 135 units per quarter each.The cost per unit is $2500.00.If a pure chase strategy is used, how many workers are fired or hired during quarter 2? Be as close as possible.The quarterly demand information is provided below.
Q1:3,000 units, Q2:500 units, Q3:4,500 units, Q4:6,000 units

Accepted Answer

A)  Hired 20 workers 
B)  Hired 5 workers 
C)  Fired 19 workers 
D)  No one is hired 
A)  Hired 20 workers 
B)  Hired 5 workers 
C)  Fired 19 workers 
D)  No one is hired C

Question 3

For the next 5 period forecasted demands, what is the level of production required to not need back ordering? Pure level strategy is being used.
 $$\begin{array} { l | l l l l l } 
\text { Month } & 1 & 2 & 3 & 4 & 5 \
\hline \text { Demand } & 2,000 & 2,000 & , 500 & 6,000 & 500
\end{array}$$

Accepted Answer

2875

Question 4

Currently the firm is using a pure chase strategy.It has 60 workers who produce 1200 units per quarter each.The cost per unit is $35.00.The cost of holding 1 unit per quarter is $1.50.The cost of hiring a worker is $50.The cost of firing a worker is $200.Calculate the cost associated with changing capacity.
Q1: 120,000$\quad$ Q2: 100,000$\quad$ Q3: 80,000$\quad$ Q4: 92,000

Accepted Answer

The answer of Currently the firm is using a pure...

Question 5

Mom &Pop Inc.has a demand forecast for the next 6 month.It can currently produce 2000 units per month and each worker can produce 250 units per month each.IF company is using a pure chase strategy, which of the following statements is not true? The monthly demand table is provided below.
$$\begin{array} { c | c c c c c c } 
\text { Month } & 1 & 2 & 3 & 4 & 5 & 6 \
\hline \text { Demand } & 1,000 & 500 & 3,000 & 4,000 & 3,000 & 500
\end{array}$$

Accepted Answer

A)  Mom &Pop Inc. hires for 2 month 
B)  Mom &Pop Inc. hires 19 workers in total 
C)  Mom &Pop Inc. fires 20 workers in total 
D)  Mom &Pop Inc. fires workers in during month 6 
A)  Mom &Pop Inc. hires for 2 month 
B)  Mom &Pop Inc. hires 19 workers in total 
C)  Mom &Pop Inc. fires 20 workers in total 
D)  Mom &Pop Inc. fires workers in during month 6

Question 6

Which level one activity was not included in the initial phase of the SCOR model development?

Accepted Answer

A)  Make 
B)  Deliver 
C)  Plan 
D)  Return 
A)  Make 
B)  Deliver 
C)  Plan 
D)  Return

Question 7

Among the following activities, choose ones that are not key Sales and Operations Planning (S&OP)activities.
1)Financial analysis
2)New product analysis
3)Production schedule analysis
4)Supply analysis

Accepted Answer

A)  (1) and (4) 
B)  (3) 
C)  (2) and (3) 
D)  (4) 
A)  (1) and (4) 
B)  (3) 
C)  (2) and (3) 
D)  (4)

Question 8

Select the choices that are not typical benefits gained from using the SCOR model?
1)Less inventory
2)Faster access to important customer information
3)Slower cycle times
4)Improved visibility of the supply chain

Accepted Answer

A)  (1) and (4) 
B)  (3) 
C)  (2) and (3) 
D)  None of the above 
A)  (1) and (4) 
B)  (3) 
C)  (2) and (3) 
D)  None of the above

Question 9

Currently the firm has 80 workers who produce 800 units per quarter each.The cost per unit is $35.00.The cost of holding 1 unit per quarter is $1.50.The cost of hiring a worker is $100.The cost of firing a worker is $500.When using the pure chase strategy, what is the total cost for the year? The quarterly demand information is provided below.
Q1:20,000 units, Q2:100,000 units, Q3:60,000 units, Q4:153,000 units

Accepted Answer

A)  $11,694,000 
B)  $11,889,375 
C)  $8,570,500 
D)  $35,000,345 
A)  $11,694,000 
B)  $11,889,375 
C)  $8,570,500 
D)  $35,000,345

Question 10

What is the relationship between Aggregate planning and MPS?

Accepted Answer

A)  Disaggregation of the former 
B)  Summary of the former 
C)  Extrapolation of the latter 
D)  No relationship between the two 
A)  Disaggregation of the former 
B)  Summary of the former 
C)  Extrapolation of the latter 
D)  No relationship between the two

Question 11

Turner Inc.custom makes furniture.It has 20 workers who produce 135 units per quarter each.The company is using a pure level strategy.When there is 2,000 units on hand at the start of the first quarter, what should be your level production be set to? The quarterly demand information is provided below.
Q1:3,000 units, Q2:500 units, Q3:4,500 units, Q4:6,000 units

Accepted Answer

A)  3,500 units per quarter 
B)  4,500 units per quarter 
C)  3,800 units per quarter 
D)  3,000 units per quarter 
A)  3,500 units per quarter 
B)  4,500 units per quarter 
C)  3,800 units per quarter 
D)  3,000 units per quarter

Question 12

What cannot be defined as an aggregate output?

Accepted Answer

A)  Pounds of processed cheese 
B)  Number of patients seen 
C)  Hours of catering service delivered 
D)  Total number of workers 
A)  Pounds of processed cheese 
B)  Number of patients seen 
C)  Hours of catering service delivered 
D)  Total number of workers

Question 13

At its initial announcements, there were 4 level 1 SCOR model activities including ____________ and ______________.Fill in the blanks.

Accepted Answer

A)  Buy/Make 
B)  Make/Return 
C)  Source/Plan 
D)  Plan/Buy 
A)  Buy/Make 
B)  Make/Return 
C)  Source/Plan 
D)  Plan/Buy

Question 14

The Sales and Operations Planning (S&OP)operate at the product level of ______________.Complete the sentence.

Accepted Answer

A)  Product Lines and Families 
B)  Components 
C)  Manufacturing Operations 
D)  Individual Products 
A)  Product Lines and Families 
B)  Components 
C)  Manufacturing Operations 
D)  Individual Products

Question 15

What cannot be defined as an aggregate resource?

Accepted Answer

A)  Tons of raw materials 
B)  Units of finished products 
C)  Hours of machine time 
D)  Total number of workers 
A)  Tons of raw materials 
B)  Units of finished products 
C)  Hours of machine time 
D)  Total number of workers

Question 16

In the simplest form, what is Sales and Operations Planning (S&OP)?

Accepted Answer

A)  Typically monthly review of all functional areas of the company process by top management 
B)  Bi-annual gathering of the Sales staff 
C)  Weekly gathering in order to interpret the demand forecast results 
D)  A shop floor level gathering of employees to find areas of improvement 
A)  Typically monthly review of all functional areas of the company process by top management 
B)  Bi-annual gathering of the Sales staff 
C)  Weekly gathering in order to interpret the demand forecast results 
D)  A shop floor level gathering of employees to find areas of improvement

Question 17

In your own words, briefly describe the objectives of the Supply chain operations reference (SCOR)model.

Accepted Answer

The Supply Chain Operations Reference (S

Question 18

Mom &Pop Inc.has a demand forecast for the next 6 month.It can currently produce 2000 units per month and each worker can produce 250 units per month each.If company is using a pure level strategy, how many units in total needs to be back ordered for a period?
 $$\begin{array} { l | l l l l l l } 
\text { Month } & 1 & 2 & 3 & 4 & 5 & 6 \
\hline \text { Demand } & 1,000 & 500 & 3,000 & 4,000 & 3,000 & 500
\end{array}$$

Accepted Answer

The answer of Mom &Pop Inc.has a demand forecast for...

Question 19

Currently the firm is using a pure level strategy.It has 60 workers who produce 1200 units per quarter each.The cost per unit is $35.00.The cost of holding 1 unit per quarter is $1.50.Of the following descriptions of the situation, what is true? The quarterly demand information is provided below.
Q1:120,000 units, Q2:100,000 units, Q3:80,000 units, Q4:92,000 units

Accepted Answer

A)  Throughout the year, no back orders occur 
B)  During the first quarter, 22,000 units were back ordered 
C)  A backorder occurred only during 1 quarter 
D)  A backorder occurred only during 3 quarter 
A)  Throughout the year, no back orders occur 
B)  During the first quarter, 22,000 units were back ordered 
C)  A backorder occurred only during 1 quarter 
D)  A backorder occurred only during 3 quarter

Question 20

The typical planning horizon for the Sales and Operations Planning (S&OP)process covers _________ period.Fill in the blank space.

Accepted Answer

A)  6~18 months 
B)  18~24 months 
C)  30 days 
D)  90~150 days 
A)  6~18 months 
B)  18~24 months 
C)  30 days 
D)  90~150 days

Among the key S&OP activities, state the activity that attempts to integrate the production with other core business processes.

For the next 5 period forecasted demands, what is the level of production required to not need back ordering? Pure level strategy is being used. Month 1 2 3 4 5 Demand 2,000 2,000 ,500 6,000 500

Which level one activity was not included in the initial phase of the SCOR model development?

Among the following activities, choose ones that are not key Sales and Operations Planning (S&OP)activities. 1)Financial analysis 2)New product analysis 3)Production schedule analysis 4)Supply analysis

Select the choices that are not typical benefits gained from using the SCOR model? 1)Less inventory 2)Faster access to important customer information 3)Slower cycle times 4)Improved visibility of the supply chain

What is the relationship between Aggregate planning and MPS?

What cannot be defined as an aggregate output?

At its initial announcements, there were 4 level 1 SCOR model activities including and __.Fill in the blanks.

The Sales and Operations Planning (S&OP)operate at the product level of ______________.Complete the sentence.

What cannot be defined as an aggregate resource?

In the simplest form, what is Sales and Operations Planning (S&OP)?

In your own words, briefly describe the objectives of the Supply chain operations reference (SCOR)model.

The typical planning horizon for the Sales and Operations Planning (S&OP)process covers _________ period.Fill in the blank space.

Supply chain focused manufacturing planning and control

Forecasting demand

Master production schedule

Supply chain focused inventory management

MRP production system

JIT/Lean production

Push and pull production systems

Capacity management

Production planning and control for remanufacturing

Supply chain focused outsourcing

Manufacturing focused supply chain integration

Filters

Exam 3: S&OP/Aggregate planning

Among the key S&OP activities, state the activity that attempts to integrate the production with other core business processes.

For the next 5 period forecasted demands, what is the level of production required to not need back ordering? Pure level strategy is being used. Month 1 2 3 4 5 Demand 2,000 2,000 ,500 6,000 500

Which level one activity was not included in the initial phase of the SCOR model development?

Among the following activities, choose ones that are not key Sales and Operations Planning (S&OP)activities. 1)Financial analysis 2)New product analysis 3)Production schedule analysis 4)Supply analysis

Select the choices that are not typical benefits gained from using the SCOR model? 1)Less inventory 2)Faster access to important customer information 3)Slower cycle times 4)Improved visibility of the supply chain

What is the relationship between Aggregate planning and MPS?

What cannot be defined as an aggregate output?

At its initial announcements, there were 4 level 1 SCOR model activities including ____________ and ______________.Fill in the blanks.

The Sales and Operations Planning (S&OP)operate at the product level of ______________.Complete the sentence.

What cannot be defined as an aggregate resource?

In the simplest form, what is Sales and Operations Planning (S&OP)?

In your own words, briefly describe the objectives of the Supply chain operations reference (SCOR)model.

The typical planning horizon for the Sales and Operations Planning (S&OP)process covers _________ period.Fill in the blank space.

Supply chain focused manufacturing planning and control

Forecasting demand

Master production schedule

Supply chain focused inventory management

MRP production system

JIT/Lean production

Push and pull production systems

Capacity management

Production planning and control for remanufacturing

Supply chain focused outsourcing

Manufacturing focused supply chain integration

Filters

At its initial announcements, there were 4 level 1 SCOR model activities including and __.Fill in the blanks.