Intro To Supply Chain Exam 1

Compute the sales forecast for the month of January using the 3-month weighted moving average forecasting technique and the following data: Monthly sales for the RUOK Company for the last 6 months are as follows: Month Units Weight July 27000 0% August 33000 0% September 24000 0% October 27000 20% November 30000 30% December 36000 50%

32,400

Which of the following is a Long-Range supply chain plan? A. Aggregate Production Plan B. Master Capacity Plan C. Materials Requirements Plan D. Capacity Requirements Plan

A. Aggregate Production Plan

Successful modern supply chain management typically includes the practice of? A. Collaborating and sharing information between supply chain partners B. Always purchasing materials with the lowest per unit cost C. Keeping high inventories throughout the supply chain D. Issuing ultimatums to your supply chain partner

A. Collaborating and sharing information between supply chain partners

The business model that consists of producing finished products on the basis of anticipated demand is? A. Make-to-Stock B. Just-in-Time C. Make-to-Order D. Assemble-to-Order

A. Make-to-Stock

Which of the following terms used in MRP represents the parts demanded by a parent? A. Scheduled receipt B. Component C. Net requirement D. Gross requirement

B. Component

Which one of the following is NOT one of the four Foundations of Supply Chain Management? A. Logistics Management B. Demand Management C. Operations Management D. Supply Management E. Integration

B. Demand Management

All Cause-and-Effect Models focus on the impact of one independent variable. A. True B. False

B. False

When a supply chain planner talks about using the BOM to do an MRP Explosion, they are talking about? A. The demand for final products that are affected by trends, seasonal patterns, and general market conditions B. The process of converting a parent item's planned order releases into component gross requirements C. When the supplier will use Value Analysis and disassemble the part to see how it's made D. Relating gross requirements for a component part to the planned order releases of the parent item

B. The process of converting a parent item's planned order releases into component gross requirements

Which one of the following is NOT a Benefit of Supply Chain Management? A. Improved customer service B. Increased revenue C. Increased inventory D. Better asset utilization E. Lower costs

C. Increased inventory

Which of the following would be considered an independent demand item(s)? A. The ingredients ready to be made into a cake B. The undecorated cake C. The decorated birthday cake D. The mixed cake batter that is about to be baked

C. The decorated birthday cake

Maintaining a constant production rate while allowing finished goods inventory and backlogs to fluctuate up and down to meet demand, is using which basic production strategy? A. Full Capacity Production B. Minimal Production C. Hybrid Production D. Level Production E. Chase Production

D. Level Production

Material Requirements Planning (MRP) requires all of the following EXCEPT? A. The independent demand information, i.e., finished product forecast B. The parent-component relationships from the Bill of Materials (BOM) C. The Inventory status of final product and each of the components and materials D. The Rough-cut Capacity Planning information

D. The Rough-cut Capacity Planning information

The time it takes to process and prepare material, produce the product, and transport it to the customer, is known as the _____________

Lead Time

Compute the sales forecast for the month of January using the 4-month simple moving average forecasting technique and the following data: Monthly sales for the RUOK Company for the last 6 months are as follows: Month Units July 81000 August 80000 September 70000 October 80000 November 90000 December 100000

85,000

Compute the sales forecast for the month of January using the 4-month weighted moving average forecasting technique and the following data: Monthly sales for the RUOK Company for the last 6 months are as follows: Month Units Weight July 81000 0% August 80000 0% September 70000 10% October 80000 20% November 90000 30% December 100000 40%

90,000

The Supply Chain Operations Research (SCOR) Model is? A. Plan, Source, Make, Deliver/Return, and Enable B. Plan, Supply, Make, Distribute, and Enable C. Produce, Source, Make, Deliver, Return, and Enable D. Plan, Source, Deliver, Return, and Enable

A. Plan, Source, Make, Deliver/Return, and Enable

Which of the following forecasting methodologies is considered a Cause and Effect forecasting technique? A. Simple Linear Regression B. Historical Analogy C. Exponential Smoothing D. Weighted Moving Average

A. Simple Linear Regression

Dependent Demand is demand for an item that is directly related to other items or finished products, such as a component or material used in making a finished product. A. True B. False

A. True

Just-in-Time is a philosophy of manufacturing based on the planned elimination of all waste and continuous productivity improvement? A. True B. False

A. True

Supply chain management starts with understanding the flow. A. True B. False

A. True

Historical Analogy is a quantitative method of forecasting. A. Ture B. False

B. 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. A. Ture B. False

B. 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. A. Ture B. False

B. False

The Supply Chain Capability Model designed to minimize cost is known as the Responsive model. A. True B. False

B. False

The most commonly used forecasting accuracy measures are Mean Absolute Deviation (MAD), Mean Multiple Regression (MMR), and Mean Absolute Percentage Error (MAPE) A. Ture B. False

B. False

The process of combining statistical forecasting techniques and judgment to construct demand estimates for products or services is known as Collaborative Planning, Forecasting, and Replenishment A. True B. False

B. False

To handle a fluctuating demand pattern, the Level Production Strategy adjusts the production rate and capacity to exactly match demand. A. Ture B. False

B. False

When a company utilizes a "make to stock" strategy, the company is also said to be using a "pull" business model A. True B. False

B. False

Which term used in Material Requirements Planning is defined as the number/quantity of each component or material needed to produce a single unit of the parent item? A. Safety Stock B. Planning Factor C. Net Requirement D. Lot Size

B. Planning Factor