chapter quizzes-1,2,3,4
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