Week 3 Quiz (All Answers are correct)
1 What is the important starting point in developing a capacity plan?
- Predicting the ability of suppliers to meet needs
- Determining the effective capacity of a resource over some period of time.
- Understanding key components of the supply chain
- Predicting the needs of customers
2 Which of the following is an input file necessary to run an MRP program?
- Bill of materials (BOM) file
- Planned-order schedules
- Exception reports
- Quality management report
3 Which is the most challenging kind of supply chain to manage according to Hau Lee?
4 Which of the following is one of the categories of manufacturing inventory?
- Economic Order Inventory
- Quality units
- JIT Inventory
5 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?
- Simple moving average
- Time series analysis
- Delphi method
- Weighted moving average
6 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
7 Which of the following is a perpetual system for inventory management?
- Fixed-time period
- Fixed-order quantity
- P model
8 The main purpose of aggregate operations planning is to specify the optimal combination of which of the following?
- Workforce levels and inventory on hand
- Inventory on hand and financing costs for that inventory
- The strategic plan and the products available for sale
- The workforce level and the degree of automation
9 In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand?
- Cyclical elements
- Past demand
- Inconsistent demand
- Future demand
10 What is another name for the fixed-order quantity inventory model?
- Cycle counting model
- The ABC model
- Economic order quantity model
- Periodic replenishment model
11 Which of the following is an input to the master production schedule (MPS)?
- Exception report
- The aggregate plan
- Bill of materials
- Inventory records file
12 What is the effect of the lack of synchronization among supply-chain members?
- Continuous replenishment
- Forward buying
- Bullwhip effect
- Metcalf's Law
13 In business forecasting, what is usually considered a short-term time period?
- Less than three months
- More than three months
- Four weeks or less
- Six months or more
14 Which of the following is an essential resource that flows through a hospital supply chain?
- Doctors and Nurses
15 When considering outsourcing, what should firms tend to avert?
- Giving the outsourcing partner opportunities to become a strong competitor
- 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
16 In conducting aggregate operations planning there are a number of required inputs. Which of the following are inputs considered most external to the firm?
- Raw material availability and competitor's behavior
- Subcontractor capacity and inventory levels
- Current physical capacity of the organization
- Internal inventory levels and market demand
17 Which of the following is an input file necessary to run an MRP system?
- Planned order schedule
- Exception report
- Inventory records file
- Computer-aided-design files
18 Which of the following is one of the main purposes of a MRP system?
- Determine the materials needed
- Educate personnel in basic work rules.
- Stimulate the work force
- Decrease labor requirements
19 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?
- Closing a related department
- New construction
- Hire more employees
- Transferring capacity from other units
20 Which of the following is considered a pure production planning strategy?
- Variable workforce, stable work hours
- Stable workforce, variable work hours
- Level playing field
- Lag demand
21 Which of the following is most closely related to the reason a firm might implement MRP?
- To assure appropriate quality levels
- So they can order the right parts
- So they can insure that parts to arrive D. To assure appropriate quality levels
- So they can order parts sufficient for immediate use
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- Submitted On 14 Nov, 2014 12:21:03