Ch 3 Supply Chain Planning

TRUE (correct)

Type: True or False The goal of supply chain planning is to balance supply and demand in a way that realizes the financial and service objectives of the company.

TRUE (correct)

Type: True or False The three basic production strategies for addressing the aggregate planning problem are the chase production strategy, the level production strategy, and the mixed production strategy.

False

Type: True or False Master Production Scheduling is a process that brings all the demand and supply plans for the business (sales, marketing, development, production, sourcing, and finance) together to provide management with the ability to strategically direct the business to achieve a competitive advantage

False

Type: True or False Material Requirement Planning is the system intended to develop long-range plans (more than a year away) concerning product families manufactured by the organization

Hierarchical planning process that translates annual business, marketing plans, and demand forecasts into a production plan for a product family(products that share a similar characteristic) in a plant or facility. The planning horizon of APP is at least one year and is usually rolled forward by 3 months every quarter

What is APP (not the phone application) and how often should it be checked

The Business Plan, with its long-term focus, provides the company's direction and objectives for the next two to ten years.

What is Business planning

Material Requirements Planning a computer based program that computer quantities and planned orders for assemply

What is MRP

Sales & Operations Planning is a process that brings all the demand and supply plans for the business (sales, marketing, development, production, sourcing, and finance) together to provide management with the ability to strategically direct the business to achieve a competitive advantage Every month to ensure the demand is in balance with supply while being efficient

What is S&OP and how often should it be revised?

a document that shows all the component parts and assemblies making up the final product.

What is the Bill of material?

Primary purpose is to establish production rates that will achieve management's objective of satisfying customer demand by maintaining, raising, or lowering inventories, while attempting to keep the workforce relatively stable.

Why does a supply chain manager use Aggregate Planning?

it is a closed loop since it provides manufacturing and material feedback which helps the manager to make the process more efficient

Why is the MRP a closed loop?

Its a defined process that allows the user to handle the supply chain without knowing every detail

Why is the supply chain planning diagram helpful?

FALSE (correct)

Type: True or False The Chase Production Strategy relies on a constant output rate and capacity while varying inventory and backlog levels to handle the fluctuating demand pattern.

involves planning for actions such as the construction of facilities and major equipment purchase Top management

Long-Range

Master Production Schedule how much of each version you are planning to produce. Your are the owner of Kia who owns Jeep.You make... 5 4 door base models in green 2 special master edition jeeps 3 2 door base model in black

MPS ?

Single integrator solution (correct)

Organizations that choose to implement one single system with all of the desired applications from a single vendor is said to have chosen a? -Best-of-breed solution -Elite integrator solution -Single integrator solution -Premier application solution

detailed planning process for components and parts to support the master production schedule Production level managers, supervisors and foremen

Short-Range

MRP Explosion (correct)

The process of converting a parent item's planned order releases into component gross requirements is called? -Lot Sizing -MRP Explosion -Bill of Materials -Pegging

Manufacturing Resource Planning (MRP II) is a computer based system that helps scheduling in real time Enterprise Requirements Planning (ERP) is an extension MRPII and includes DRP (with a bit of kms -josh) which determines the need to replenish finished product inventory at branch warehouses, when there are multiple warehouses in the network.

What is the difference between MRP and ERP

Its objective is to balance supply and demand in a way that realizes the financial and service objective of the company.

What is the objective of Supply Chain Planning

Independent demand is the able to be forecasted since its the final good while dependent demand is the component parts that make up the final good.

Whats the difference between Independent and dependent demand

Its not current Range

Which is not part of the hierarchy of supply chain planning -Long Range -Intermediate Range -Current Range -Short Range

Scheduled receipt (correct)

Which of the following MRP terms represents a committed order awaiting delivery for a specific period? -Projected on-hand inventory -Time bucket -Net requirement -Scheduled receipt

Bill of Materials (correct)

Which of the following is an engineering document that shows an inclusive listing of all the component parts and assemblies making up the final product? -Master Production Schedule -Bill of Materials -Distribution Requirement Plan -Resource Requirement Plan

Available-to-Promise Leftovers from last month - this months orders is the Available-to-Promise. They are the uncommitted portions that are left over on the shelf that anyone can buy.

ATP???

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Aggregate developing, demand options, supply options just open joshes

Shows the quantity and timing of end items Operations/ middle management

Intermediate-Range

Rough-cut Capacity Planning (RCCP) (correct)

The medium-range capacity planning technique used to check the feasibility of the Master Production Schedule (MPS) is called? -Resource Requirement Planning (RRP) -Rough-cut Capacity Planning (RCCP) -Capacity Requirement Planning (CRP) -None of the above