Inventory information for firm Best Tools: \[\begin{array} { l | l | } \hline \begin{array} { l | } \text { Expected } \\ \text { inventory at } \end{array} & \\ \text { the end of } & \\ \text { April: } & 200 \text { units } \\ \hline \text { Expected } & \\ \text { demand } & \\ \text { during April: } & 50 \text { units } \\ \hline \text { Production } & \\ \text { planned for } & \\ \text { April: } & 100 \text { units } \\ \hline \end{array}\] What was the inventory at the end of March?

A) 50 units B) 150 units C) 250 units D) 350 units A) 50 units B) 150 units C) 250 units D) 350 units

Exam 10: Sales and Operations Planning and Enterprise Resource Planning

A planning strategy that produces the same amount every period,and demand is met by varying inventory levels is known as ________.

(Short Answer)

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Question 61

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

(Multiple Choice)

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Question 62

Demand requirements for the parent item is called dependent demand.

(True/False)

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Question 63

The phenomenon where production of more units results in higher average cost per item is known as

(Multiple Choice)

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Question 64

The feasibility check of a Master Production Schedule (MPS)is the aggregate capacity plan.

(True/False)

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Question 65

The feasibility check of a Sales and Operations Plan (SOP)is rough-cut capacity planning.

(True/False)

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Question 66

The table below provides information about demand for three products from a SOP plan for the coming quarter.Also provided are standard hours for the three products,which do not include different possible product variations.Assuming the company has 40,000 labor hours available in the coming quarter,determine the feasibility of this plan using Rough-Cut Capacity Planning (RCCP). Product Units Demanded Standard Hours (in hours/unit) 12,000 1.25 10,000 1.00 15,000 0.75

(Essay)

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Question 67

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

(Short Answer)

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Question 68

Inventory information for firm Best Tools: Expected inventory at the end of April: 200 units Expected demand during April: 50 units Production planned for April: 100 units What was the inventory at the end of March?

(Multiple Choice)

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Question 69

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 into account is called ________.

(Short Answer)

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Question 70

Demand that is calculated from the requirements for some parent item is called independent demand.

(True/False)

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Question 71

The phenomenon where production of more units results in higher average cost per item is known as ________.

(Short Answer)

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Question 72

The typical time horizon for developing a Master Production Schedule (MPS)is

(Multiple Choice)

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Question 73

Which of these factors need to be considered when computing the available capacity of a machine or system?

(Multiple Choice)

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Question 74

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 ________ system.

(Short Answer)

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Question 75

In doing "aggregate planning" for a firm producing paint,the aggregate planners would most likely deal with

(Multiple Choice)

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Question 76

Aggregate planning is intermediate-range capacity planning that typically covers a time horizon of one to three months.

(True/False)

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Question 77

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

(Multiple Choice)

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Question 78

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

(Short Answer)

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Question 79

The typical time horizon for production activity control and purchasing is

(Multiple Choice)

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Question 80

Showing 61 - 80 of 110

A planning strategy that produces the same amount every period,and demand is met by varying inventory levels is known as ________.

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

Demand requirements for the parent item is called dependent demand.

The phenomenon where production of more units results in higher average cost per item is known as

The feasibility check of a Master Production Schedule (MPS)is the aggregate capacity plan.

The feasibility check of a Sales and Operations Plan (SOP)is rough-cut capacity planning.

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

Inventory information for firm Best Tools: Expected inventory at the end of April: 200 units Expected demand during April: 50 units Production planned for April: 100 units What was the inventory at the end of March?

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 into account is called ________.

Demand that is calculated from the requirements for some parent item is called independent demand.

The phenomenon where production of more units results in higher average cost per item is known as ________.

The typical time horizon for developing a Master Production Schedule (MPS)is

Which of these factors need to be considered when computing the available capacity of a machine or system?

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 ________ system.

In doing "aggregate planning" for a firm producing paint,the aggregate planners would most likely deal with

Aggregate planning is intermediate-range capacity planning that typically covers a time horizon of one to three months.

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

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

The typical time horizon for production activity control and purchasing is

Introduction to Supply Chain and Operations Management

Supply Chain and Operations Strategy

Product and Process Design and Mapping

Service Design

Customer Relationship Management

Strategic Sourcing

Supplier Management

Demand Management and Forecasting

Inventory Management Fundamentals and Independent Demand

Logistics

Project Management

Supply Chain Quality Management

Statistical Process Control

Lean and Six Sigma Management and Leading Change

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