OPS 571 Quiz week 3 - 100%

1

In conducting aggregate operations planning there are a number of required inputs. Which of the following are inputs considered most external to the firm?

 Raw material availability and competitor's behavior

 Internal inventory levels and market demand

 Current physical capacity of the organization

 Subcontractor capacity and inventory levels

2

When considering outsourcing, what should firms tend to avert?

 Allowing employees transferred to the outsourcing partner to rejoin the firm

 Allowing outsourcing to develop into a substitute for innovation

 Losing control of non-core activities

 Giving the outsourcing partner opportunities to become a strong competitor

3

Which of the following is a perpetual system for inventory management?

 First-in-first-out

 Fixed-time period

 Fixed-order quantity

 P model

4

Which of the following is an input file necessary to run an MRP system?

 Inventory records file

 Computer-aided-design files

 Planned order schedule

 Exception report

5

Which of the following is one of the main purposes of a MRP system?

 Decrease labor requirements.

 Stimulate the work force.

 Educate personnel in basic work rules.

 Determine the materials needed.

6

Which is the most challenging kind of supply chain to manage according to Hau Lee?

 Erratic

 Efficient

 Risk-hedging

 Agile

7

What is the important starting point in developing a capacity plan?

 Predicting the needs of customers

 Understanding key components of the supply chain

 Predicting the ability of suppliers to meet needs

 Determining the effective capacity of a resource over some period of time.

8

Which of the following is an input file necessary to run an MRP program?

 Planned-order schedules

 Bill of materials (BOM) file

 Exception reports

 Quality management report

9

What is the effect of the lack of synchronization among supply-chain members?

 Forward buying

 Bullwhip effect

 Continuous replenishment

 Metcalf's Law

10

Which of the following is an input to the master production schedule (MPS)?

 Bill of materials

 Inventory records file

 The aggregate plan

 Exception report

11

In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand?

 Future demand

 Cyclical elements

 Inconsistent demand

 Past demand

12

The main purpose of aggregate operations planning is to specify the optimal combination of which of the following?

 Inventory on hand and financing costs for that inventory

 Workforce levels and inventory on hand

 The workforce level and the degree of automation

 The strategic plan and the products available for sale

13

Which of the following is most closely related to the reason a firm might implement MRP?

 To assure appropriate quality levels

 So they can insure that parts to arrive D. To assure appropriate quality levels

 So they can order the right parts

 So they can order parts sufficient for immediate use

14

The text mentions several common approaches to use when developing a strategy to close a capacity gap (where utilization of a resource exceeds capacity available). Which of the following is among the common approaches mentioned?

 Transferring capacity from other units

 Hire more employees

 Closing a related department

 New construction

15

What is another name for the fixed-order quantity inventory model?

 The ABC model

 Periodic replenishment model

 Economic order quantity model

 Cycle counting model

16

Which of the following is an essential resource that flows through a hospital supply chain?

 Patients

 Medicine

 Information

 Doctors and Nurses

17

In business forecasting, what is usually considered a short-term time period?

 Less than three months

 Six months or more

 Four weeks or less

 More than three months

18

Which of the following is one of the categories of manufacturing inventory?

 Work-in-process

 Economic Order Inventory

 Quality units

 JIT Inventory

19

Which of the following is an input to the master production schedule?

 Aggregate component schedule

 Forecasts of customer demand

 Prototype products from product development

 Peg reports from factory records

20

Which of the following forecasting methods is very dependent on selection of the right individuals who will judgmentally be used to actually generate the forecast?

 Time series analysis

 Delphi method

 Weighted moving average

 Simple moving average

21

Which of the following is considered a pure production planning strategy?

 Lag demand

 Variable workforce, stable work hours

 Stable workforce, variable work hours

 Level playing field