Bit 3414 quiz 3 WITH COMPLETE
SOLUTIONS
sales and operations planning (S&OP) - CORRECT ANSWER ✔✔is an aggregate planning process
that determines the resource capacity a firm will need to meet Its demand over an intermediate
time horizon (6 to 12 months in the future)
what is the S&OP process for - CORRECT ANSWER ✔✔coordinating supply and demand
what is It feasible to do in S&OP - CORRECT ANSWER ✔✔to hire or lay off workers, increase or
reduce the workweek, add an extra shift, subcontract out work, use overtime, or build up and
deplete inventory levels
why do we use the term aggregate - CORRECT ANSWER ✔✔because the plans are developed for
product lines or product families, rather than individual products
-specify how many bicycles are to be produced but would not identify them by color, size, or
type of brakes
resource capacity - CORRECT ANSWER ✔✔is expressed in aggregate terms, typically as labor of
machine hours
-for services, capacity is often limited by space: number of seats, number of rooms, number of
hospital beds
-time can also affect capacity
two objectives to sales and operations planning: - CORRECT ANSWER ✔✔1. establish a company
wide game plan for allocating resources
, 2. to develop an economic the strategy for meeting demand
when does aggregate planning become more of a challenge - CORRECT ANSWER ✔✔when
demand fluctuates over the planning horizon
seasonal demand patterns can be met by - CORRECT ANSWER ✔✔-producing at a constant rate
and using inventory to absorb fluctuations in demand
-hiring and firing workers to match demand
-maintaining resources for high demand levels
-increasing or decreasing working hours
-subcontracting work to other firms
-using part time workers
-providing the service or product at a later time
producing at a constant rate and using inventory to absorb fluctuations in demand - CORRECT
ANSWER ✔✔level production
hiring and firing workers to match demand - CORRECT ANSWER ✔✔chase demand
increasing or decreasing working hours - CORRECT ANSWER ✔✔overtime and undertime
providing the service or product at a later time - CORRECT ANSWER ✔✔back ordering
pure strategy - CORRECT ANSWER ✔✔adjusting only one capacity factor to meet demand
mixed strategy - CORRECT ANSWER ✔✔when two or more capacity factors are selected
SOLUTIONS
sales and operations planning (S&OP) - CORRECT ANSWER ✔✔is an aggregate planning process
that determines the resource capacity a firm will need to meet Its demand over an intermediate
time horizon (6 to 12 months in the future)
what is the S&OP process for - CORRECT ANSWER ✔✔coordinating supply and demand
what is It feasible to do in S&OP - CORRECT ANSWER ✔✔to hire or lay off workers, increase or
reduce the workweek, add an extra shift, subcontract out work, use overtime, or build up and
deplete inventory levels
why do we use the term aggregate - CORRECT ANSWER ✔✔because the plans are developed for
product lines or product families, rather than individual products
-specify how many bicycles are to be produced but would not identify them by color, size, or
type of brakes
resource capacity - CORRECT ANSWER ✔✔is expressed in aggregate terms, typically as labor of
machine hours
-for services, capacity is often limited by space: number of seats, number of rooms, number of
hospital beds
-time can also affect capacity
two objectives to sales and operations planning: - CORRECT ANSWER ✔✔1. establish a company
wide game plan for allocating resources
, 2. to develop an economic the strategy for meeting demand
when does aggregate planning become more of a challenge - CORRECT ANSWER ✔✔when
demand fluctuates over the planning horizon
seasonal demand patterns can be met by - CORRECT ANSWER ✔✔-producing at a constant rate
and using inventory to absorb fluctuations in demand
-hiring and firing workers to match demand
-maintaining resources for high demand levels
-increasing or decreasing working hours
-subcontracting work to other firms
-using part time workers
-providing the service or product at a later time
producing at a constant rate and using inventory to absorb fluctuations in demand - CORRECT
ANSWER ✔✔level production
hiring and firing workers to match demand - CORRECT ANSWER ✔✔chase demand
increasing or decreasing working hours - CORRECT ANSWER ✔✔overtime and undertime
providing the service or product at a later time - CORRECT ANSWER ✔✔back ordering
pure strategy - CORRECT ANSWER ✔✔adjusting only one capacity factor to meet demand
mixed strategy - CORRECT ANSWER ✔✔when two or more capacity factors are selected
