OPS 571 Week 3 Quiz

Week 3 Quiz (All Answers are correct)

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

• Predicting the ability of suppliers to meet needs
• Determining the effective capacity of a resource over some period of time.
• Understanding key components of the supply chain
• Predicting the needs of customers

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

• Bill of materials (BOM) file
• Planned-order schedules
• Exception reports
• Quality management report

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

• Erratic
• Risk-hedging
• Efficient
• Agile

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

• Economic Order Inventory
• Work-in-process
• Quality units
• JIT Inventory

5   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? 

• Simple moving average
• Time series analysis
• Delphi method
• Weighted moving average

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

• Prototype products from product development
• Peg reports from factory records
• Forecasts of customer demand
• Aggregate component schedule

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

• Fixed-time period
• Fixed-order quantity
• P model
• First-in-first-out

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

• Workforce levels and inventory on hand
• Inventory on hand and financing costs for that inventory
• The strategic plan and the products available for sale
• The workforce level and the degree of automation

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

• Cyclical elements
• Past demand
• Inconsistent demand
• Future demand

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

• Cycle counting model
• The ABC model
• Economic order quantity model
• Periodic replenishment model

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

• Exception report
• The aggregate plan
• Bill of materials
• Inventory records file

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

• Continuous replenishment
• Forward buying
• Bullwhip effect
• Metcalf's Law

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

• Less than three months
• More than three months
• Four weeks or less
• Six months or more

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

• Patients
• Medicine
• Doctors and Nurses
• Information

15   When considering outsourcing, what should firms tend to avert? 

• Giving the outsourcing partner opportunities to become a strong competitor
• Losing control of non-core activities
• Allowing outsourcing to develop into a substitute for innovation
• Allowing employees transferred to the outsourcing partner to rejoin the firm

16   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
• Subcontractor capacity and inventory levels
• Current physical capacity of the organization
• Internal inventory levels and market demand

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

• Planned order schedule
• Exception report
• Inventory records file
• Computer-aided-design files

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

• Determine the materials needed
• Educate personnel in basic work rules.
• Stimulate the work force
• Decrease labor requirements

19   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? 

• Closing a related department
• New construction
• Hire more employees
• Transferring capacity from other units

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

• Variable workforce, stable work hours
• Stable workforce, variable work hours
• Level playing field
• Lag demand

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

• To assure appropriate quality levels
• So they can order the right parts
• So they can insure that parts to arrive D. To assure appropriate quality levels
• So they can order parts sufficient for immediate use