chapter quizzes-1,2,3,4

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

false

the term logistics refers to a network of independent companies that work together and coordinate their actions to deliver products or services to the market for the benefit of all companies in the network

true

time series forecasting models make predictions about the future based on analysis of past data

false

to handle a fluctuating demand pattern the level production strategy adjusts the production rate and capacity to exactly match demand

efficient model and responsive model

what are the two basic supply chain capability models

bill of material

what is the name of the engineering document that shows all component parts and materials which make up the final product

reverse logistics

what part of supply chain management deals with the process of moving goods specifically from the point of consumption back to the point of origin for repair reclamation remanufacture recycling or disposal

schedule receipt

which of the following MRP terms represents a committed order awaiting delivery for a specific period

naive model

which of the following is not a type of qualitative forecasting

work in progress

a good in various stages of completion throughout the plant

sales and operations planning

a process that brings all the demand and supply plans for the business together to provide management with the ability to strategically direct the business to achieve a competitive advantage

service inventory

activities carried out in advance of the customer's arrival

chase production

adjusting the production rate and capacity to exactly match the demand by increasing and decreasing necessary resources

outsource their non-core competencies to trading partner that they can trust

as the supply chain continues to evolve, its critical for companies to...

cumulative available to promise

equation: current period(on hand + supply - ordered) - all future ordered/forecast demand until next MPS quantity

false

historical analogy is a quantitative method of forecasting

seasonal variation

if you detect a repeating pattern of demand data from year to year with some periods of considerably higher demand than others

true

it was intense global competition that led manufacturers to adopt SCM and other practices such as JIT

true

just in time is a philosophy of manufacturing based on the planned elimination of all waste and continuous productivity improvement

raw materials, work in progress, finished goods, maintenance, repairs and operating

main categories of inventory

level production

maintains a constant production rate and allows inventory and backlog to vary according to fluctuating demand

determine what materials you need to make the finished product and when to order them

material requirements planning is used to?

raw materials

purchased items or extracted materials that are converted via the manufacturing process into components and products

hybrid production

sets a baseline production rate based on a stable core workforce and then uses other short term means such as overtime subcontracting and part time labor manage short term fluctuations in demand

cycle

stock for immediate demand

strategic

stock held for a specific defined period of time

safety

stock held to plan for protection

internal inventory

strategic, safety, cycle stock

collaborative planning, forecasting, and replenishment

the business practice that combines the intelligence of multiple trading partner in the planning and fulfillment of customer demands is known as

ignores capacity focuses on what is needed and when regardless of capacity

which of the following is not one of the advantages or material requirements planning

force field analysis

which of the following is not one of the basic types of forecasting

minimize the impact of changes and costly disruptions

companies establish Time Fences in order to?

false

companies in the service industry do not actually have a real supply chain because they offer intangible products

true

the goal of supply chain management is to increase customer service while decreasing inventory and reducing costs

false

the goal of supply chain management is to increase customer service while increasing inventory and reducing costs

what company's plan to produce

the master production schedule represents


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