Exam 10: Sales and Operations Planning and Enterprise Resource Planning

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The feasibility check of a Master Production Schedule (MPS)is

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

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A step in a process that constraints the throughput of the process is known as ________.

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The capacity that a machine or system should realize given optimal operating conditions is the design capacity.

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In the chase SOP strategy,variations in demand from period to period are met by

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The capacity that a machine or system should realize given optimal operating conditions is known as

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The system that is used to manage the entire firm including the individual business functions like finance,production,human resources and accounting is called the master resource planning system.

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A manager has prepared a forecast of expected aggregate demand for the next six months.Develop an aggregate plan to meet this demand given this additional information: A level production rate of 100 units per month will be used.Backorders are allowed,and they are charged at the rate of $8 per unit per month.Inventory holding costs,using average monthly inventory levels,are $1 per unit per month.Determine the cost of this plan if regular time cost is $20 per unit and beginning inventory is zero. 1 80 2 100 3 120 4 110 5 100 6 90

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The element of the MRP record which is the amount of an item required to satisfy gross requirements after taking scheduled receipts and projected inventory in account is called

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A planning strategy that produces the exact amount demanded in each period is known as

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A data file that shows how a product is manufactured,including what components are used in the manufacture of the finished product with required quantities,is the

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

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Given the following information,compute the capacity utilization of the system. Actual capacity = 30 units per day Design capacity = 50 units per day Actual output = 20 units per day

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A data file that shows how a product is manufactured,including what components are used in the manufacture of the finished product with required quantities,is called ________.

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Disaggregating an SOP plan leads to a master production schedule (MPS).

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Items that occur at higher levels in a bill of materials are called ________.

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Sales and Operations Planning is also known as aggregate planning.

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

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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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In yield management,the mechanism used to match capacity with demand is by

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