OPRE 4320 EXAM 2 REVIEW QUESTIONS
Demand Management - Answers - planning of requirement quantities and requirement
dates for finished product and important assemblies
Production types - Answers - make to stock, make to order, assemble to order
Planning Strategy - Answers - procedure for what triggers quantity and timing of
production of a material
forecast consumption - Answers - automatically adjusting the forecast to reflect actual
customers orders that have been received
make to stock - Answers - inventory on-hand before demand arrives
make to order - Answers - inventory not planned until order arrives
assembly to order - Answers - semi finished and raw materials must be on hand before
actual demand arrives
Sales Order - Answers - agreement between customer and company to deliver material
or service at an agreed price and agreed time
available to promise - Answers - calculated warehouse stock that is available to promise
to any future customers
Stock Requirements List - Answers - displays in ascending order all the demands
(require) and supplies (stocks) for a material
Sources of Demand - Answers - customer
engineers request for spare parts
customers for excess materials
promotions
other
Characteristics of demand - Answers - Trend
Random
Seasonality
Level
Seasonality - Answers - Measures amount of seasonal variation for a product
Demand Patterns - Answers - Stable
Dynamic
Demand Management - Answers - planning of requirement quantities and requirement
dates for finished product and important assemblies
Production types - Answers - make to stock, make to order, assemble to order
Planning Strategy - Answers - procedure for what triggers quantity and timing of
production of a material
forecast consumption - Answers - automatically adjusting the forecast to reflect actual
customers orders that have been received
make to stock - Answers - inventory on-hand before demand arrives
make to order - Answers - inventory not planned until order arrives
assembly to order - Answers - semi finished and raw materials must be on hand before
actual demand arrives
Sales Order - Answers - agreement between customer and company to deliver material
or service at an agreed price and agreed time
available to promise - Answers - calculated warehouse stock that is available to promise
to any future customers
Stock Requirements List - Answers - displays in ascending order all the demands
(require) and supplies (stocks) for a material
Sources of Demand - Answers - customer
engineers request for spare parts
customers for excess materials
promotions
other
Characteristics of demand - Answers - Trend
Random
Seasonality
Level
Seasonality - Answers - Measures amount of seasonal variation for a product
Demand Patterns - Answers - Stable
Dynamic
