MKT 411: Quiz 6 Review

Which strategy allows finished goods inventories to accrue and relies on backlogs to handle the demand?

The Level Production Strategy

The ___________ planning horizon is shorter than the aggregate production plan's, but must be longer than a firm's production lead time to ensure the end item can be completed within the planning horizon?

Master production schedule

Which of the following seeks to develop short range plans seeking to effectively and efficiently manage components and/or subassemblies over time period of few days to a few weeks?

Material requirements plan

Which strategy uses overtime and subcontracting to cope with the high demand periods?

Mixed Production Strategy

An advantage/benefit of utilizing an ERP system includes which of the following?

Both "ERP systems are designed to take advantage of Internet technology" & "ERP systems enable the firm to automate some of the steps of a manufacturing process"

Which of the following is NOT a common module of ERP systems?

Marketing Resources Management (So these ARE modules of ERP: Human Resources Management Supply Chain Management Customer Relationship Management)

Complete the following MRP record and provide the planned order releases for Week 1. Lead time is 2 weeks. Safety stock is 3. Use LFL lot sizes. Part X Week 1 2 3 4 Gross Requirements 32 16 34 40 Scheduled Receipts 10 Projected On-Hand inventory 46 Planned Order Releases

29

Which of the following is considered an advantage/benefit of utilizing an ERP system?

Enables the company to utilize a single centralized database system, thus eliminating duplicate data entries

Calculate the final discrete available-to-promise quantity for Week 1 using the following table. Weeks 1 2 3 4 MPS BI = 30 10 10 15 10 Committed Customer Orders 20 5 25 15 ATP:D

ATP1 = 10

The __________ specifies which end product is to be made, how many are required, and when they need to be completed.

Aggregate production plan

Legacy MRP systems had which of the following limitations?

All of these: The systems were not user-friendly The systems needed continuous modifications The systems were designed to perform a very specific operational function

Using the ________________ multiple software infrastructures and databases may have to be used to link the multiple applications obtained from different vendors.

Best-of-breed solution

Which of the following basic production strategies works best with make-to-order manufacturing firms?

Chase Production Strategy

Not all ERP software is designed to provide the exact same tools, nonetheless, some of the common modules usually included in ERP software packages include:

Customer relationship management and Human resource management

Why are firms migrating to ERP systems?

ERP systems tie together a variety of specialized systems

According to the textbook, which of the following is considered a reason that ERP implementations fail?

Lack of communication within an organization

If an available-to-promise (ATP) for any period is negative, the deficit must be subtracted from the:

Most recent positive ATP

The ___________ solution picks all the desired applications from a single vendor for the ERP system.

Single integrator

Legacy MRP systems typically utilized multiple software packages and databases which caused:

The same information to be stored in multiple locations

While ERP is a relatively new technology, it has grown rapidly since the early 1990s. Which of the following is the reason that has contributed to its rapid growth?

The year 2000 millennium bug