MGT 366, Exam 2 GVSU UPDATED ACTUAL Questions And Correct Answers
C
Terms in this set (50)
Aggregate planning Intermediate-range capacity planning that
typically covers a time horizon of 2 to 18 months
Generally involves the production plan for a group or a Why the term "aggregate plan" instead of medium range production plan?
family of products and over months or quarters rather
than days or weeks
-Maintain a certain amount of excess capacity to handle Strategies to counter variation
increases in
demand
-Maintain a degree of flexibility in dealing with changes.
For example, hiring temporary workers or using overtime
and/or subcontractors
Yes Should you wait as long as possible before committing to a certain level of supply
capacity when dealing with variation?
Yes When dealing with variation should you schedule products or services with known
demands first and wait to schedule other products until their demands become
less uncertain?
demand quantity and timing of demand Aggregate planners are concerned with the ______ ________ and ______ ______
True True or false? Even if demand and capacity are approximately equal, planners still
often have to deal with uneven demand within the planning period
Pricing Used to shift demand from peak to off-peak periods
Promotion Advertising and other forms of promotion
Back orders Orders are taken in one period and deliveries promised for a later period
pricing, promotion, back orders, new demand 4 demand options
Level capacity strategy Maintaining a steady rate of regular-time output while meeting variations in
demand
Inventories, overtime, part-time workers, subcontracting, Level capacity strategy is maintaining a steady rate of regular-time output while
and back orders meeting variations in demand. Using a combination of options such as..?
Chase demand strategy Matching capacity to demand; the planned output for a period is set at the
expected demand for that period
C
Terms in this set (50)
Aggregate planning Intermediate-range capacity planning that
typically covers a time horizon of 2 to 18 months
Generally involves the production plan for a group or a Why the term "aggregate plan" instead of medium range production plan?
family of products and over months or quarters rather
than days or weeks
-Maintain a certain amount of excess capacity to handle Strategies to counter variation
increases in
demand
-Maintain a degree of flexibility in dealing with changes.
For example, hiring temporary workers or using overtime
and/or subcontractors
Yes Should you wait as long as possible before committing to a certain level of supply
capacity when dealing with variation?
Yes When dealing with variation should you schedule products or services with known
demands first and wait to schedule other products until their demands become
less uncertain?
demand quantity and timing of demand Aggregate planners are concerned with the ______ ________ and ______ ______
True True or false? Even if demand and capacity are approximately equal, planners still
often have to deal with uneven demand within the planning period
Pricing Used to shift demand from peak to off-peak periods
Promotion Advertising and other forms of promotion
Back orders Orders are taken in one period and deliveries promised for a later period
pricing, promotion, back orders, new demand 4 demand options
Level capacity strategy Maintaining a steady rate of regular-time output while meeting variations in
demand
Inventories, overtime, part-time workers, subcontracting, Level capacity strategy is maintaining a steady rate of regular-time output while
and back orders meeting variations in demand. Using a combination of options such as..?
Chase demand strategy Matching capacity to demand; the planned output for a period is set at the
expected demand for that period
