Supply test 2 (1)

Supply
test
2
Aggregate
supply
chain
planning
focuses
on
the
day-to-day
execution
activities
like
scheduling,
sequencing,
and
operations.
T
or
F
-
ANS-False
The
forward-looking
process
of
coordinating
assets
to
optimize
the
delivery
of
goods,
services
and
information
from
supplier
to
customer,
balancing
supply
and
demand
is
called:
-
ANS-Supply
chain
planning
Which
type
of
capacity
planning
strategy
will
aggressively
add
new
capacity
in
anticipation
of
future
demand?
-
ANS-Proactive
capacity
planning
What
is
an
appropriate
approach
for
determining
the
overall
production
capabilities
of
capital-intensive
resources
like
machines
and
facilities?
-
ANS-Capacity
planning
Short
term
solutions
for
improving
capacity
performance
include:
-
ANS-Use
labor
overtime
and
maximize
work
on
key
tasks
What
should
be
done
with
a
forecast?
-
ANS-It
should
drive
decision
making
across
the
supply
chain
An
effective
way
to
improve
forecast
accuracy
is
to
focus
on
reducing
forecast
error.
T
or
F
-
ANS-True
According
to
the
Episode
3
article
"A
Practitioner's
Guide
Demand
Planning,"
_________focuses
on
shortening
the
time
to
recognize
true
market
data
and
understand
true
market
shifts.
-
ANS-Demand
sensing
According
to
the
Episode
3
article
"A
Practitioner's
Guide
Demand
Planning,"
________
is
a
major
challenge
for
supply
chain
leaders.
-
ANS-Demand
volatility
Which
parts
of
the
organization
is
normally
involved
in
the
Sales
and
Operations
planning
process?
-
ANS-Finance,
manufacturing,
and
supply
chain
management
What
is
the
role
of
supply
chain
managers
in
Sales
&
Operations
Planning?
-
ANS-Translating
the
sales
forecast
into
resource
requirements.
Which
Materials
Requirements
Planning
element
details
the
amount
of
product
to
be
produced
along
with
the
timing
of
production
to
meet
customer
demand?
-
ANS-Master
production
schedule Which
of
the
following
are
primary
goals
of
Materials
Requirements
Planning?
-
ANS-Reduce
manufacturing
costs,
improve
use
of
manufacturing
capacity,
and
avoiding
stockouts
of
key
products
Which
of
the
following
is
an
output
of
the
Materials
Requirements
Planning
system?
-
ANS-Manufacturing
orders
According
to
this
week's
reading,
___________
is
a
method
for
the
effective
planning
of
all
resources
of
a
manufacturing
company.
Ideally,
it
addresses
operational
planning
in
units,
financial
planning
in
dollars,
and
has
a
simulation
capability
to
answer
"what-if"
questions.
-
ANS-Manufacturing
resource
planning
Scheduling
comes
before
sequencing.
In
scheduling,
we
develop
plans
for
our
work
centers
where
production
activities
occur.
We
load
the
schedule,
comparing
it
to
the
workcenter
capacities
to
validate
schedule
feasibility.
Then
you
sequence
individual
jobs.
T
or
F
-
ANS-True
Unlike
forecasting
which
focuses
on
day-to-day
planning,
scheduling
is
a
mid-range
tactical
activity
that
develops
plans
across
months
and
quarters.
T
or
F
-
ANS-False
Which
planning
activity
focuses
on
the
order
of
activity
occurrence
to
ensure
production
quality
and
efficiency?
-
ANS-Sequencing
What
type
of
purchases
should
receive
a
supply
manager's
lowest
priority
and
time
commitment?
-
ANS-Generic
goods
______
is
an
institutional
procurement
process
that
continuously
improves
and
re-evaluates
the
purchasing
activities
of
a
company.
-
ANS-Strategic
resourcing
Name
the
5
steps
in
order
of
the
5
step
procurement
process
-
ANS-1.
Identify
need
for
materials/services
2.evaluate
supplier
options
3.
Select
best
suppliers
4.
Release
orders
and
receive
products
5.
Measure
and
manage
supplier
performance
Organizations
should
go
through
a
formal
purchasing
process
for
each
product
that
they
buy.
T
or
F
-
ANS-False
Why
would
a
company
choose
to
keep
production
in-house
instead
of
buying
them
from
an
external
supplier?
-
ANS-It
has
competitive
secrets
to
protect
The
purchase
or
a
product,
part,
or
component
from
an
outside
supplier
versus
manufacturing
it
in-house
is
called:
-
ANS-Outsourcing