ISDS 3115
What is an information system for identifying and planning the enterprise-wide resources needed to take, make, ship, and account for customer orders? A. ERP B. BOM C. MRP D. CIM
A. ERP
Which of the following statements is NOT true?A. An increased sales effort may help a firm reach its profit goals more easily than would effective cost cutting. .B. A supply chain includes suppliers; manufacturers and/or service providers; and distributors, wholesalers, and/or retailers who deliver the product and/or service to the final customer. C. Supply chain management describes the coordination of all supply chain activities, starting with raw materials, and ending with a satisfied customer. D. The objective of supply chain management is to coordinate activities within the supply chain to maximize the supply chain's competitive advantage and benefits to the ultimate consumer.
A. an increased sales effort may help a firm each its profit goals more easily than would effective cost cutting
The cost to produce the goods or services sold for a given period is referred to as A. cost of goods sold. B. inventory investment. C. inventory turnover. D. weeks of supply.
A. cost of good sold
Which of the following does NOT belong to ordering costs? A. interest payments B. order processing C. clerical support D. cost of supplies
A. interest payments
Policies based on ABC analysis might include investing A. more in supplier development for A items. B. the most time and effort verifying the accuracy of records for B items. C. more in inventory security for C items. D. extra care in forecasting for C items.
A. more in supplier development for A items
The do-it-yourselfer plucked a gallon can of base paint from the shelf of the local hardware store and handed it to Keith, the cheerful clerk at the paint counter. Their eyes met briefly and the do-it-yourselfer silently handed over sample 150C-1, Musical Mist, to the clerk. It was impractical to keep several gallons of every possible color on the shelves at the hardware store, so the paint manufacturer had created clever workaround. The workaround was a computer-based system that added predetermined quantities of pigments to a gallon can of base paint depending on the desired shade, in this case, Musical Mist. The hardware store now needed to stock only the base paint, this machine, and a small supply of paint pigments in order to create the thousands of colors in its catalog. This scenario is a prime example of A. postponement. B. vendor-managed inventory. C. drop shipping. D. the bullwhip effect.
A. postponement
Which of the following statements is NOT true regarding the bullwhip effect? A. The bullwhip effect occurs as order are relayed from retails, to distributors, to wholesalers, to manufacturers, with fluctuations decreasing at each step in the sequence. B. Bullwhip fluctuations in the supply chain increase the costs associated with inventory, transportation, shipping and receiving. C. Bullwhip fluctuations in the supply chain decrease customer service and profitability. D. Inaccurate information results in distortions and fluctuations, causing what is known as the bullwhip effect.
A. the bullwhip effect occurs as order are relayed from retails, to distributors, to wholesales, to manufacturers, with fluctuations decreasing at each step in the sequence
What is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor? A. vertical integration B. outsourcing C. horizontal integration D. virtual companies
A. vertical integration
The advantage of having few suppliers is to A. pursue low cost. B. form a long-term relationship. C. take advantage of diseconomies of scale. D. look for short-term attributes
B. Form a long-term relationship
Which of the following is NOT a type of inventory? A. work-in-process B. MRP C. raw material D. finished goods
B. MRP
Which of the following could reduce distribution risk? A. cross-country diversification B. careful selection, monitoring and effective contracts with penalties C. use multiple suppliers D. secure IT systems
B. careful selection, monitoring and effective contracts with penalties
Which organization has developed principles and standards to be used as guidelines for ethical behavior? A. Institute for Procurement Management B. Institute for Supply Management .C. Institute for Vendor Management D. Institute for Purchasing Management
B. institute for supply management
Which of the following is an advantage of ERP? A. It is simple enough that companies have an easy time adjusting to it. B. It creates commonality of databases. C. It is very inexpensive to purchase. D. Data fields do not have to be defined identically across the entire enterprise.
B. it creates commonality of databases
What is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship? A. drop shipping B. advanced shipping notice C. blanket order D. postponement
C. Blanket order
Which of the following is NOT true about MRP limitations? A. MRP is an excellent tool for product-focused and repetitive facilities, but it has limitations in process (make-to-order) environments. B. MRP is considered an infinite scheduling technique. C. MRP does not tell you that a job needs to be completed on a certain week or day. D. MRP does not do detailed scheduling.
C. MRP does not tell you that a job needs to be completed on a certain week or day
Which of the following types of inventory describes inventory that has been purchased but not processed? A. finished-goods inventory B. maintenance/repair/operating supply inventory C. raw material inventory D. work-in-process inventory
C. Raw material inventory
Which of the following statements is NOT true about DRP? A. When depenent techniques are used in the supply chain, they are called distribution resource planning (DRP). B. Effective use of DRP requires an integrated information system to rapidly convey planned order releases from one level to the next. C. The DRP procedure starts with the forecast at the supplier level. D. The goal of a DRP system is small and frequent replenishment within the bounds of economical ordering and shipping.
C. The DRP procedure starts with the forecast at the supplier level
A response strategy requires suppliers be selected based primarily on A. product development skills. B. cost. C. capacity, speed, and flexibility. D. being willing to share information.
C. capacity, speed, and flexibility
The advantage of having many potential suppliers is their willingness to A. provide innovations. B. provide technical expertise. C. offer lower prices in the short term. D. participate in JIT.
C. offer lower prices in the short term
With regard to the cost-based price model negotiation strategy, which of the following is true? A. Prices float based on what the customer is willing to pay. B. Prices are based in some way upon market standards agreed to by both supplier and purchaser. C. Prices are based upon supplier costs. D. Potential suppliers each submit quotations as to price, delivery, and so on.
C. prices are based upon supplier costs
Kanban is associated with all of the following except a. small lot sizes b. signals, such as cards, lights, or flags c. moving inventory only as needed d. increased material handling e. reductions in inventory
D. Increased material handling
What is transferring a firm's activities that have traditionally been internal to external suppliers? A. vertical integration B. keiretsu network C. make-or-buy D. outsourcing
D. Outsourcing
A supply chain ends with a. distributors b. suppliers c. manufacturers d. a satisfied customer
D. a satisfied customer
Which of the following mitigation tactics is NOT designed to reduce the risk of information loss or distortion? A. training of supply chain partners on the proper interpretations and use of information B. secure IT systems C. redundant databases D. alternate sourcing
D. alternate sourcing
Which of the following statements is NOT one of the response strategy decisions? A. fast transportation B. low setup time C. use buffer stocks to ensure speedy supply D. gather and communicate market research data
D. gather and communicate market research data
Which of the following strategies is part collaboration, part purchasing from few suppliers, and part vertical integration? A. joint ventures B. horizontal integration C. virtual companies D. keiretsu networks
D. keirestu networks
Which of the following industries has the highest supply chain cost as a percentage of sales? A. metals B. automobile C. restaurants D. petroleum
D. petroleum
Which of the following mitigation tactics could reduce economic risk? A. subcontractors on retainer B. multiple transportation modes and warehouses C. franchising and licensing D. purchasing contracts that address price fluctuations
D. purchasing contacts that address price fluctuations
Which of the following statements is NOT one of the differentiation strategy decisions? A. Minimize inventory to avoid product obsolescence. B. Gather and communicate market research data. C. Modular design to aid product differentiation. D. Use buffer stocks to ensure speedy supply.
D. use buffer stocks to ensure speedy supply
A lawnmower assembly plant uses a variety of nuts, bolts, screws, and other fasteners in its operation. Its supplier delivers these items directly to the point of use on the assembly line and ensures that there are always sufficient quantities of fasteners to maintain the production schedule. This is an example of A. e-procurement. B. single stage control of replenishment. C. postponement. D. vendor-managed inventory.
D. vendor-managed inventory
In level scheduling, what is kept uniform from month to month? a. demand levels b. inventory levels c. product mix d. sub contracting levels e. production/workforce levels
E. production/workforce levels
Which one of the following statements is TRUE about the kanban system? a. the supplier workstation signals the customer workstation as soon as a batch is completed b. it is useful to smooth operations when numerous quality problems occur c. the quantities in the container are usually large to reduce setup costs d. it is associated with a push system e. the customer workstation signals to the supplier workstation when production is needed
E. the customer workstation signals to be the supplier workstation when production is needed
Which of the following is the first stage of supplier selection? A. supplier evaluation B. negotiations C. contracting D. supplier development
a. supplier evaluation
What is an alternative name for revenue management? A. yield management B. price and demand management C. income management D. cash flow management
a. yield management
Supply chain management systems in the grocery industry that tie sales to buying, to inventory, to logistics, and to production are called A. enterprise resource planning. B. efficient consumer response. C. distribution resource planning. D. grocery resource planning.
b. efficient consumer response
Job assignments are a focused issue in which of the following? A. long-range plans B. short-range plans C. sales and operations planning D. intermediate plans
b. short range plans
Airfreight A. represents about 10% of the tonnage shipped in the United States. B. is a fast-growing mode of shipping. C. is the best way to transport natural gas. D. is the oldest means of freight transportation.
b.is a fast growing mode of shipping`
Which negotiation strategy bases price on a published, auction, or index price? A. competitive bidding B. cost-based price model C. market-based price model D. supply-based price model
c. market based price model
What is the primary method in which airlines adjust to short-term fluctuations in customer demand? A. changes in inventory B. denial of service C. personnel availability D. postponement of service
c. personnel availability
A system that triggers ordering on a uniform time basis is called A. an EOQ system. B. a reorder point system. C. a fixed-quantity system. .D. a fixed-period system.
d. a fixed period system
Which of the following statements is NOT true about a fixed-period system? A. The disadvantage of the fixed-period system is that because there is no tally of inventory during the review period, there is the possibility of a stockout during this time. B. The advantage of the fixed-period system is that there is no physical count of inventory items after an item is withdrawn. C. A fixed-period system is appropriate when vendors make routine visits to customers to take fresh orders or when purchasers want to combine orders to save ordering and transportation costs. D. A fixed-period system is also called "continuous review."
d. a fixed period system is also called "continuous review"
Prior to embarking on supply chain design, operations managers must first consider A. "make-or-buy" and outsourcing decisions. B. how to select suppliers. C. how to manage supply chain inventory. D. what kind of distribution network to have.
A. make or buy and outsourcing decisions
Which of the following statements is NOT true about the EOQ? A. The EOQ can be used as a lot-sizing technique for MRP systems. B. The EOQ is preferable when dependent demand exists. C. The EOQ can be a reasonable lot-sizing technique when demand is relatively constant and independent. D. The EOQ is a statistical technique using averages, whereas the MRP procedure assumes known demand reflected in a master production schedule.
B. the eoq is preferable when dependent demand exists
A fast-food retailer that acquired a spice manufacturer would be practicing backward integration T or F?
True
a. purchasing
When determining the optimal number of facilities, logistics-related costs do NOT usually include which of the following costs? A. purchasing .B. transportation C. inventory D. facility
Which of the following statements about DRP is NOT true? A. DRP pushes inventory through the system. B. Lead times are considered in DRP. C. DRP procedures and logic are analogous to MRP. D. DRP stands for "distribution resource planning."
a. DRP pushes inventory through the system
Inventory control models assume that demand for an item is A. either independent of or dependent on the demand for other items. B. identical to the demand for other items. C. always independent on the demand for other items. D. always dependent on the demand for other items.
a. Either independent of our dependent on the demand for other items
Which of the following statements is NOT true about MRP? A. MRP is an independent demand technique used in a production environment. B. MRP has evolved as the basis for Enterprise Resource Planning. C. MRP provides a clean structure for dependent demand. D. MRP uses a bill-of-material, inventory, expected receipts, and a master production schedule to determine material requirements.
a. MRP is an independent demand technique used in a production environment
Which statement is characteristic of a mixed strategy for aggregate planning? A. Mixed plans seek a minimum cost via a combination of eight planning options. B. Mixed plans are less complex to develop than a level plan. C. Mixed plans are less complex to develop than a chase plan. D. Mixed plans typically yield a worse strategy than a pure plan.
a. Mixed plans seek a minimum cost via a combination of eight planning options
Which of the following occurs first within a production planning system? A. aggregate planning B. master production schedule C. detailed work schedules for people D. priority scheduling for products
a. aggregate planning
Which of the following statements is NOT true regarding aggregate plans? A. Aggregate plans use information regarding individual products rather than product lines. B. An aggregate plan often examines a 3- to 18-month time horizon. C. For service organizations, an aggregate schedule ties strategic goals to workforce schedules. D. An aggregate plan is the output of S&OP.
a. aggregate plans use information regarding individual products rather than product lines
JIT has an internal focus while lean production begins with an external focus on A. customers. B. design. C. supplier relationships. D. logistics.
a. customers
What is the process of breaking an aggregate plan into greater detail? A. disaggregation B. decomposition C. S&OP D. aggregation
a. disaggregation
Supply chain managers outsource logistics to meet three goals: A. drive down inventory investment, lower delivery costs, and improve delivery reliability and speed. B. drive down inventory investment, improve delivery reliability and speed, and provide better market response. C. drive down inventory investment, lower delivery costs, and provide better market response. D. lower delivery costs, improve delivery reliability and speed, and provide better market response.
a. drive down inventory investment, lower delivery costs, and improve delivery reliability and speed
Which of the following is NOT one of the features that an S&OP process needs to generate a useful aggregate plan? A. A forecast of demand for a reasonable long-term planning period in aggregate terms. B. A method to determine the relevant costs. C. A model that combines forecasts and costs. D. A logical unit for measuring sales and output.
a. forecast of demand for a reasonable long term planning period in aggregate terms
A single-period inventory model is NOT applicable for A. furniture. B. milk. C. newspapers. D. seasonal goods.
a. furniture
What sends a lot to two different machines for the same operation? A. operations splitting B. pegging C. overlapping D. lot splitting
a. operations splitting
Which of the following does NOT belong to holding costs? A. order processing B. insurance on inventory C. pilferage, scrap, and obsolescence D. storage costs
a. order processing
Which of the following tools means tracing upward in the BOM from the component to the parent item? A. pegging B. system nervousness C. time fencing D. bucketing
a. pegging
The 5Ss developed by the Japanese do NOT include A. safety. B. standardize. C. sort/segregate. D. simplify/straighten.
a. safety
What is the cost to prepare a machine or process for production? A. setup cost B. holding cost C. preparation cost D. ordering cost
a. setup cost
What is a system for ordering items that have little or no value at the end of a sales period? A. single-period inventory model B. production order quantity model C. EOQ D. ROP
a. single-period inventory model
Which of the following is NOT a demand option of aggregate planning? A. using part-time workers B. back ordering during high-demand periods C. counterseasonal product and service mixing D. influencing demand
a. using part-time workers
Industries traditionally associated with revenue management operate in which quadrant of the Revenue Management Matrix? A. Quadrant 1: price tends to be fixed; use tends to be predictable. B. Quadrant 2: price tends to be variable; use tends to be predictable. C. Quadrant 4: price tends to be variable; use tends to be uncertain. D. Quadrant 3: price tends to be fixed; use tends to be uncertain.
b. Quadrant 2: Price tends to be variable; use tends to be predictable
Which of the following lot-sizing techniques is likely to prove the most complex to use? A. periodic order quantity (POQ) B. Wagner-Whitin C. lot-for-lot D. economic order quantity (EOQ)
b. Wagner Whitin
A system that keeps track of each withdrawal or addition to inventory continuously is A. a constant monitoring system. B. a perpetual inventory system. C. a continuous inventory system. D. a fixed period system.
b. a perpetual inventory system
Which of the following is NOT a capacity option of aggregate planning? A. changing inventory levels B. back ordering during high-demand periods C. varying production rates through overtime or idle time D. subcontracting
b. back ordering during high-demand periods
Inventory reduction via JIT is an effective tool for identifying A. inefficiencies in warehouse layout. B. causes of variability. C. setup costs. D. holding costs.
b. causes of variability
Which of the following would likely result in the LEAST amount of inventory? A. level strategy B. chase strategy C. Inventory levels are unaffected by the aggregate plan. D. mixed strategy
b. chase strategy
Which of the following statements is NOT true? A. Packaging and logistics are important distribution decisions, because the manufacturer is usually held responsible for breakages and serviceability. B. Finding the optimal number of facilities represents a critical and static decision. C. Top-notch supply chain performance requires good downstream management, just as it does good upstream management. D. An effective supplier management program and an effective distribution management program may make the difference between supply chain success and failure.
b. finding the optimal number of facilities represents a critical and static decisions
Which of the following is NOT one of the benefits accrued from a centralized purchasing function? A. Maintain professional control over the purchasing process. B. Increase the duplication of tasks. C. Leverage purchase volume for better pricing. D. Devote more resources to the supplier selection and negotiation process.
b. increase the duplication of tasks
Trucking A. is one of the least flexible transportation modes. B. is increasingly using computers to manage its operations. C. is the least used transportation mode for manufacturing goods. D. does not play a role in multimodal shipping.
b. is increasingly using computers to manage its operations
How has McDonald's driven seconds out of the production process to be able to produce made-to-order hamburgers in 45 seconds? A. It invented a stove that can cook hamburger meat in 22 seconds. B. It reconfigured its kitchen layout. C. It altered its order-entry procedures. D. It changed its core management philosophy.
b. it reconfigured its kitchen layout
Which of the following statements is NOT true regarding the planning process? A. Long-range plans require policies and strategies related to issues such as capacity and capital investment, facility location, new products and processes, and supply chain development. B. Job scheduling is made as part of intermediate plans. C. Short-range plans are usually for less than 3 months. D. Short-range plans are the responsibility of operations personnel.
b. job scheduling is made as part of intermediate plans
Which of the following is NOT one of the assumptions of fixed-period systems? A. Lead times are known. B. Lead times are variable. C. The only relevant costs are the ordering and holding costs. D. Items are independent of one another.
b. lead times are variable
The objective of aggregate planning is usually to A. provide input to material requirements planning systems. B. meet forecast demand while minimizing cost over the planning period. C. to determine which plans are feasible in the coming months and which are not. D. specify what is to be made and when.
b. meet forecast demand while minimizing cost over the planning period
What is a concept that results in material being produced only when requested and moved to where it is needed just as it is needed? A. push system B. pull system C. requisition system D. procrastination system
b. pull system
Three criteria for designing distribution networks to meet customer expectations are: A. rapid response, low cost, and service. B. rapid response, product choice, and service. C. low cost, product choice and service. D. low cost, rapid response and product choice.
b. rapid response, product choice, and service
For organizations that have perishable inventory, which of the following characteristics would NOT make yield management of interest? A. low variable costs and high fixed costs B. service or product cannot be sold in advance of consumption C. relatively fixed capacity D. fluctuating demand
b. service or product cannot be sold in advance of consumption
Which of the following statements is NOT true regarding the master production schedule? A. The master production schedule is a result of disaggregation. B. The master production schedule is a sales forecast. C. The master production schedule is a timetable that specifies what is to be made and when. D. The master production schedule provides input to material requirements planning systems.
b. the master production schedule is a sales forecast
How do pharmacies implement lean operations to ensure that customers will always receive their medications upon demand? A. They hold a large amount of safety stock for all of their drugs. B. They develop community networks as backup systems. C. They pay a premium for 60-minute delivery from their suppliers. D. They locate no further than 10 miles away from their suppliers.
b. they develop community networks as backup systems
Which of the following allows a segment of the master schedule to be designated as "not to be rescheduled?" A. pegging B. time fence C. freeze point D. system nervousness
b. time fence
One use of inventory is A. to tightly synchronize production and distribution processes. B. to provide a hedge against inflation. C. to tightly synchronize a firm's production with its customers' demand. D. to ensure that item cost is maximized.
b. to provide a hedge against inflation
The objective of inventory management is to A. take advantage of quantity discounts. B. strike a balance between inventory investment and customer service. C. provide a selection of goods for anticipated customer demand. D. decouple various parts of the production process.
b. to strike a balance between inventory investment and customer service
Which of the following attributes is NOT for lean operations? A. Empower employees. B. Develop collaborative partnerships with suppliers. C. Build processes that increase variability. D. Develop worker flexibility.
c. Build processes that increase variability
What is a time-phased stock-replenishment plan for all levels of the supply chain? A. BOM B. MRP C. DRP D. MRP II
c. DRP
What is an information system for identifying and planning the enterprise-wide resources needed to take, make, ship, and account for customer orders? A. SCM B. MRP C. ERP D. EIS
c. ERP
Which of the following statements is NOT true regarding ERP? A. ERP allows companies share a common database and business practices throughout the enterprise. B. ERP usually provides financial and human resource management information. C. ERP promises slow, but accurate, information. D. The objective of an ERP system is to coordinate a firm's whole business.
c. ERP promises slow, but accurate, information
What is a lot-sizing technique that orders the quantity needed during a predetermined time between orders? A. Wagner-Whitin B. EOQ C. POQ D. part period balancing
c. POQ
Which of the following statements is NOT true? A. A closed-loop supply chain prepares for returns prior to product introduction. B. Reverse logistics involves the processes of sending returned products back up the supply chain for resale, repair, reuse, remanufacture, recycling, or disposal. C. A closed-loop supply chain is a designed to optimize only reverse flows. D. "Closed-loop supply chain" is sometimes used as a synonym for "reverse logistics."
c. a close-loop supply chain is a designed to optimize only reverse flows
Which of the following statements is NOT true regarding channel assembly? A. Channel assembly postpones final assembly of a product so the distribution channel can assemble it. B. Channel assembly treats distributors more as manufacturing partners than as distributors. C. Channel assembly sends individual components, modules, and finished products, to the distributor. D. Channel assembly represents one way to implement postponement.
c. channel assembly sends individual components, modules, and finished products, to be distributor
What is a supply chain designed to optimize both forward and reverse flows? A. bullwhip-loop supply chain B. open-loop supply chain C. closed-loop supply chain D. reverse-loop supply chain
c. closed loop supply chain
Which of the following statements is NOT generally an implication stemming from an increase in the number of facilities? A. increased customer satisfaction B. quicker response C. decreased total logistics cost D. increased facility costs
c. decreased total logistics cost
Which of the following statements is NOT true? A. For any product for which a schedule can be established, dependent techniques should be used. B. Less inventory frees up capital and floor space for other uses. C. For any product, some components of that product are independent demand items. D. Demand for items is dependent when the relationship between the items can be determined.
c. for any product, some components of that product are independent demand items
Which of the following is NOT one of the benefits in MRP? A. faster response to market changes B. better response to customer orders as the result of improved adherence to schedules C. increased inventory levels D. improved utilization of facilities and labor
c. increased inventory levels
Which of the following plans are the job of the operations manager, working with other functional areas of the firm? A. short-range plans B. long-range plans C. intermediate plans D. All three: short-range, intermediate, and long-range plans.
c. intermediate plans
Capacity decisions are most critical to which of the following? A. sales and operations planning B. intermediate plans C. long-range plans D. short-range plans
c. long range plans
Three common measures of supply chain performance are: A. percentage invested in inventory, inventory turnover, and debt/equity ratio. B. percentage invested in inventory, debt/equity ratio, and weeks of supply. C. percentage invested in inventory, inventory turnover, and weeks of supply. D. debt/equity ratio, inventory turnover, and weeks of supply.
c. percentage invested in inventory, inventory turnover, and weeks of supply
Yield management is of interest to organizations having the characteristic of A. stable demand. B. high variable costs. C. segmentable demand. D. low fixed costs.
c. segmentable demand
The operations manager has two important tools available to deal with MRP system nervousness. Those tools are A. net and gross requirements. B. buckets with back flush. C. pseudo bills and kits. D. time fences and pegging.
c. time fences and pegging
Which of the following is NOT one of Taiichi Ohno's seven wastes? A. queues B. transportation C. motion D. energy
d. Energy
Virtually every restaurant deals with its suppliers on A. a production order quantity basis. B. an EOQ basis. C. a fixed-period inventory system basis. D. a JIT basis.
d. JOT Basis
Which of the following statements is true regarding lean sustainability? A. Sustainability is focused on only the immediate process and system. B. Lean requires examining the systems in which the firm and its stakeholders operate. C. Lean drives out waste because waste has adverse affects on the environment, while sustainability drives out waste because waste adds nothing for the customer D. Lean and sustainability both seek to maximize resource and economic efficiency.
d. Lean and sustainability both seek to maximize resource and economic efficiency
ABC analysis divides an organization's on-hand inventory into three classes based upon A. unit price. B. annual demand. C. the number of units on hand. D. annual dollar volume.
d. annual dollar volume
What provides feedback to the capacity plan, master production schedule, and production plan so planning can be kept valid at all times? A. lot sizing B. MRP II C. system nervousness D. closed-loop MRP system
d. closed loop MRP system
Which of the following activities does NOT need to be virtually eliminated for a lean organization? A. inspection B. material handling C. inventory D. cross-training
d. cross-training
Aggregate planning is concerned with determining the quantity and timing of production in the A. short term. B. next term. C. long term. D. intermediate term.
d. intermediate term
What is a report showing the resource requirements in a work center for all work currently assigned there as well as all planned and expected orders? A. pegging report B. closed-loop report C. MRP II report D. load report
d. load report
What is the lot-sizing technique that generates exactly what was required to meet the plan? A. periodic order quantity B. economic order quantity C. Wagner-Whitin D. lot-for-lot
d. lot for lot
What is the act of breaking up an order and running part of it ahead of schedule? A. operations splitting B. pegging C. overlapping D. lot splitting
d. lot splitting
A bill of materials for a menu item in a restaurant is also called a A. bill of ingredients. B. food bill. C. recipe. D. product specification.
d. product specification
Which of the following statements is NOT true about S&OP? A. When the resources appear to be substantially at odds with market expectations, S&OP provides advanced warning to top management. B. S&OP is typically done by cross-functional teams that align competing constraints. C. S&OP is used to determine which plans are feasible in the coming months and which are not. D. S&OP is also called an aggregate plan.
d. s&op is also called an aggregate plan
Which of the following is NOT true about reverse logistics as compared to foward logistics? A. Pricing is dependent on many factors. B. Distribution costs are less directly visible. C. Forecasting is more uncertain. D. Speed is often very important.
d. speed is often very important