Supply Chain Quiz 3

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

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.

True

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?

Bill of Materials

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

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

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.

False

The process of converting a parent item's planned order releases into component gross requirements is called?

MRP Explosion

The medium-range capacity planning technique used to check the feasibility of the Master Production Schedule (MPS) is called?

Rough-cut Capacity Planning (RCCP)

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

Scheduled receipt

Organizations that choose to implement one single system with all of the desired applications from a single vendor is said to have chosen a?

Single Intergrator Solution