MGMT 339 FINAL EXAM - CSUF
2024/2025 fully solved & updated
Aggregate Planning - ANSWER-to give management an idea of what quantity of
materials to be procured and when
Disaggregation - ANSWER-analytic disassembly which have been aggregated
(lumped together)
Master Production Schedule (MPS) - ANSWER-a timetable that specifies what is
to be made and when
Rough-cut Capacity Planning - ANSWER-verifies sufficient capacity available to
meet requirements for MPS
time fences - ANSWER-points in time that separate phases of a master schedule
planning horizon
Inputs - ANSWER-the resources—such as labor, money, materials, and energy—
that are converted through a process
beginning inventory, forecast, customer orders
Outputs - ANSWER-projected inventory, MPS, uncommitted inventory
Available to Promise (ATP) - ANSWER-planned production not already committed
to a customer
inventory available for request product
uncommitted inventory
, customer service feature
Dependent Demand - ANSWER-demand for items that are subassemblies or
component parts to be used in the production of finished goods
Material Requirements Planning (MRP) - ANSWER-a planning system that
schedules the precise quantity of materials needed to make the product
Master Schedule - ANSWER-determines supply quantity required to meet
demand.
cumulative lead time - ANSWER-The sum of the lead times that sequential phases
of a process require, from ordering of parts or raw materials to completion of final
assembly.
Bill of Materials (BOM) - ANSWER-One of the three primary inputs of MRP; a
listing of all of the raw materials, parts, subassemblies, and assemblies needed to
produce one unit of a product.
Inventory Records - ANSWER-identify the type and number of products on hand
for sale
lot sizing - ANSWER-the determination of how frequently and in what quantity to
order inventory
Backflushing - ANSWER-a technique that automatically records the goods issue
when the order is confirmed
ERP (Enterprise Resource Planning) - ANSWER-Integration of financial,
manufacturing, and human resources in a single database.
8 functions of inventory - ANSWER-1. Anticipate customer demand
2. Smooth seasonal requirements
3. Decouple operations with buffers
4. Protect against stock-outs
5. Cycle stock - lot sizing
6. Hedge against price increases
7. Permit operations - pipeline
8. Quantity discounts
Inventory Turnover - ANSWER-cost of goods sold/average inventory
2024/2025 fully solved & updated
Aggregate Planning - ANSWER-to give management an idea of what quantity of
materials to be procured and when
Disaggregation - ANSWER-analytic disassembly which have been aggregated
(lumped together)
Master Production Schedule (MPS) - ANSWER-a timetable that specifies what is
to be made and when
Rough-cut Capacity Planning - ANSWER-verifies sufficient capacity available to
meet requirements for MPS
time fences - ANSWER-points in time that separate phases of a master schedule
planning horizon
Inputs - ANSWER-the resources—such as labor, money, materials, and energy—
that are converted through a process
beginning inventory, forecast, customer orders
Outputs - ANSWER-projected inventory, MPS, uncommitted inventory
Available to Promise (ATP) - ANSWER-planned production not already committed
to a customer
inventory available for request product
uncommitted inventory
, customer service feature
Dependent Demand - ANSWER-demand for items that are subassemblies or
component parts to be used in the production of finished goods
Material Requirements Planning (MRP) - ANSWER-a planning system that
schedules the precise quantity of materials needed to make the product
Master Schedule - ANSWER-determines supply quantity required to meet
demand.
cumulative lead time - ANSWER-The sum of the lead times that sequential phases
of a process require, from ordering of parts or raw materials to completion of final
assembly.
Bill of Materials (BOM) - ANSWER-One of the three primary inputs of MRP; a
listing of all of the raw materials, parts, subassemblies, and assemblies needed to
produce one unit of a product.
Inventory Records - ANSWER-identify the type and number of products on hand
for sale
lot sizing - ANSWER-the determination of how frequently and in what quantity to
order inventory
Backflushing - ANSWER-a technique that automatically records the goods issue
when the order is confirmed
ERP (Enterprise Resource Planning) - ANSWER-Integration of financial,
manufacturing, and human resources in a single database.
8 functions of inventory - ANSWER-1. Anticipate customer demand
2. Smooth seasonal requirements
3. Decouple operations with buffers
4. Protect against stock-outs
5. Cycle stock - lot sizing
6. Hedge against price increases
7. Permit operations - pipeline
8. Quantity discounts
Inventory Turnover - ANSWER-cost of goods sold/average inventory
