• 1
Which of the following is an input to the master production schedule (MPS)?
•
The aggregate plan
•
Bill of materials
•
Exception report
•
Inventory records file
Correct
• 2
What is the important starting point in developing a capacity plan?
•
Predicting the needs of customers
•
Predicting the ability of suppliers to meet needs
•
Understanding key components of the supply chain
•
Determining the effective capacity of a resource over some period of time.
Correct
• 3
Which of the following is an essential resource that flows through a hospital supply chain?
•
Patients
•
Information
•
Doctors and Nurses
•
Medicine
Correct
• 4
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
•
Hire more employees
•
New construction
•
Closing a related department
Correct
• 5
What is another name for the fixed-order quantity inventory model?
•
Cycle counting model
•
Periodic replenishment model
•
The ABC model
•
Economic order quantity model
Correct
• 6
What is the effect of the lack of synchronization among supply-chain members?
•
Forward buying
•
Continuous replenishment
•
Bullwhip effect
•
Metcalf’s Law
Incorrect
• 7
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
Correct
• 8
In business forecasting, what is usually considered a short-term time period?
•
More than three months
•
Six months or more
•
Less than three months
•
Four weeks or less
Correct
• 9
Which of the following is an input file necessary to run an MRP system?
•
Computer-aided-design files
•
Planned order schedule
•
Inventory records file
•
Exception report
Correct
• 10
Which of the following is an input file necessary to run an MRP program?
•
Quality management report
•
Planned-order schedules
•
Exception reports
•
Bill of materials (BOM) file
Correct
• 11
Which of the following is one of the categories of manufacturing inventory?
•
Economic Order Inventory
•
JIT Inventory
•
Quality units
•
Work-in-process
Correct
• 12
Which of the following is most closely related to the reason a firm might implement MRP?
•
So they can insure that parts to arrive D. To assure appropriate quality levels
•
So they can order parts sufficient for immediate use
•
To assure appropriate quality levels
•
So they can order the right parts
Correct
• 13
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
•
Future demand
•
Cyclical elements
•
Inconsistent demand
Correct
• 14
Which is the most challenging kind of supply chain to manage according to Hau Lee?
•
Risk-hedging
•
Erratic
•
Efficient
•
Agile
Correct
• 15
Which of the following is considered a pure production planning strategy?
•
Stable workforce, variable work hours
•
Level playing field
•
Lag demand
•
Variable workforce, stable work hours
Correct
• 16
Which of the following is a perpetual system for inventory management?
•
First-in-first-out
•
Fixed-order quantity
•
P model
•
Fixed-time period
Correct
• 17
Which of the following is an input to the master production schedule?
•
Prototype products from product development
•
Peg reports from factory records
•
Forecasts of customer demand
•
Aggregate component schedule
Correct
• 18
The main purpose of aggregate operations planning is to specify the optimal combination of which of the following?
•
The strategic plan and the products available for sale
•
The workforce level and the degree of automation
•
Inventory on hand and financing costs for that inventory
•
Workforce levels and inventory on hand
Correct
• 19
Which of the following is one of the main purposes of a MRP system?
•
Decrease labor requirements.
•
Educate personnel in basic work rules.
•
Determine the materials needed.
•
Stimulate the work force.
Correct
• 20
When considering outsourcing, what should firms tend to avert?
•
Giving the outsourcing partner opportunities to become a strong competitor
•
Allowing outsourcing to develop into a substitute for innovation
•
Losing control of non-core activities
•
Allowing employees transferred to the outsourcing partner to rejoin the firm
Correct
• 21
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
•
Time series analysis
•
Delphi method
