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OPS 571 Week 3 Quiz
$ 12.00

1. What is the important starting point in developing a capacity plan?

Understanding key components of the supply chain

Predicting the ability of suppliers to meet needs

Determining the effective capacity of a resource over some period of time.

Predicting the needs of customers

2. What is another name for the fixed-order quantity inventory model?

The ABC model

Economic order quantity model

Periodic replenishment model

Cycle counting model

3. Which of the following is most closely related to the reason a firm might implement MRP?

So they can order parts sufficient for immediate use

To assure appropriate quality levels

So they can order the right parts

So they can insure that parts to arrive

To assure appropriate quality levels

4. 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

5. Which of the following is an input to the master production schedule (MPS)?

Inventory records file

The aggregate plan

Exception report

Bill of materials

6. 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

Inconsistent demand

Future demand

Cyclical elements

7. In business forecasting, what is usually considered a short-term time period?

Six months or more

More than three months

Less than three months

Four weeks or less

8. When considering outsourcing, what should firms tend to avert?

Losing control of non-core activities

Allowing outsourcing to develop into a substitute for innovation

Allowing employees transferred to the outsourcing partner to rejoin the firm

Giving the outsourcing partner opportunities to become a strong competitor

9. Which of the following is an essential resource that flows through a hospital supply chain?

Information

Medicine

Patients

Doctors and Nurses

10. Which of the following is one of the main purposes of a MRP system?

Determine the materials needed.

Decrease labor requirements.

Stimulate the work force.

Educate personnel in basic work rules.

11. Which of the following is an input to the master production schedule?

Prototype products from product development

Forecasts of customer demand

Aggregate component schedule

Peg reports from factory records

12. The main purpose of aggregate operations planning is to specify the optimal combination of which of the following?

Inventory on hand and financing costs for that inventory

Workforce levels and inventory on hand

The strategic plan and the products available for sale

The workforce level and the degree of automation

13. 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

Delphi method

Time series analysis

14. Which of the following is a perpetual system for inventory management?

Fixed-time period

First-in-first-out

P model

Fixed-order quantity

15. Which of the following is an input file necessary to run an MRP system?

Exception report

Computer-aided-design files

Planned order schedule

Inventory records file

16. Which of the following is one of the categories of manufacturing inventory?

Quality units

Economic Order Inventory

Work-in-process

JIT Inventory

17. Which of the following is an input file necessary to run an MRP program?

Exception reports

Planned-order schedules

Bill of materials (BOM) file

Quality management report

18. Which is the most challenging kind of supply chain to manage according to Hau Lee?

Risk-hedging

Efficient

Erratic

Agile

19. What is the effect of the lack of synchronization among supply-chain members?

Continuous replenishment

Metcalf’s Law

Bullwhip effect

Forward buying

20. Which of the following is considered a pure production planning strategy?

Level playing field

Stable workforce, variable work hours

Lag demand

Variable workforce, stable work hours

21. 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

New construction

Closing a related department

Hire more employees

 

 

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  • OPS 571 Week 3 Quiz
    $12.00

    1. What is the important starting point in developing a capacity plan? Understanding key components of the supply chain Predicting the ability of suppliers to meet needs Determining the effective capacity of a resource over

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