OPS 571 Week 3 Quiz (21/21) 100% SOLUTION - 89033

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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
Solution Description

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?

I

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