Exam 10: Sales and Operations Planning and Enterprise Resource Planning

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An inventory management approach based on regularly scheduled counts of different classes of inventory is called ________.

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cycle counting

A visual depiction of the subassemblies and components that are needed to produce and/or assemble a product is called a(n):

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D

The capacity strategy where capacity is increased at relatively the same rate that demand increases is called

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C

An inventory management approach based on regularly scheduled counts of different classes of inventory is known as

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Moving backwards through time from the delivery date for the completed product to enable releasing orders only when they are needed is called ________.

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The element of the MRP record which is the quantity that has already been ordered and will be received at the beginning of the period is called

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The capacity strategy where capacity is added in anticipation of demand is called ________.

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Demand requirements for the parent item is called dependent demand.

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The element of the MRP record which is the quantity required for an item at the end of each period to meet customer requirements is called ________.

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A printer has been rated by the manufacturer to print 40 pages per minute (ppm).However it is noticed that the printer has a 5% jamming rate,and also on average 20% of the time is lost on account of the operator loading the paper,aligning the print cartridge,etc.Thus,effectively the printer can print ________ pages per minute (ppm).

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Orders that are held in abeyance until more stock arrives are known as ________.

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The database which has information about when items will be in stock is the

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The rate of capacity utilization that minimizes average product cost is known as

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The feasibility check of a Sales and Operations Plan (SOP)is

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Which of the following is not an input for the Materials Requirements Plan (MRP)?

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In a lagging capacity strategy,capacity is added in anticipation of demand.

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Inventory information for firm Best Tools: Inventory information for firm Best Tools:   What was the inventory at the end of March? What was the inventory at the end of March?

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Large-scale capacity expansion with the expectation of high customer demand is called ________.

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The productive capability of a firm is known as ________.

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The goal of aggregate planning is to achieve a production plan that attempts to balance the organization's resources and meet expected demand.

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