SCHM 2301: Final Exam | UPDATED Questions with 100%
Verified Answers
Q1: Independent Demand
A: Demand Created by Customers
Q2: Dependent Demand
A: Demand is driven by demand of another item
Q3: MRP
A: computes demand for dependent items
Q4: Distribution Requirements Planning (DRP)
A: computes demand for finished goods in the distribution system
an estimate of the quantity and positioning of finished goods and inventory
Q5: Capacity Requirement Planning (CRP)
A: determines if sufficient resources are available
an estimate of capacity needed
Q6: Timing Bucket
A: Time periods for planning
Q7: Planning Horizon
A: entire time period covered by the MPS
Q8: Available to Promise (ATP)
A: planned production not already committed to a customer
Q9: Rough-cut Capacity Planning
A: estimates the critical resources needed to build MPS
Q10: Master Production Schedule (MPS)
A: schedule for building finished products
Q11: Inventory Records
A: contains information about inventory including amount on hand
Q12: Inventory Status File
, A: file that contains detailed inventory and procurement records
Q13: lot-for-lot
A: an order for the exact amount needed
Q14: fixed order quantity (FOQ)
A: an order for teh same amount each time
Q15: periodic order quantity (POQ)
A: an order for an amount that covers a fixed order period of time
Q16: Infinite Loading
A: assumption of infinite capacity
Q17: Load Profile
A: comparison of capacity needs to what is needed
Q18: Enterprise Resource Planning (ERP)
A: software that consolidates all business planning systems and data
Q19: Advanced Planning and Scheduling (APS)
A: combines materials and capacity planning into one system
produces better plans, faster by avoiding disjointed iterative planning processes
helps managers to identify and avoid problems
allows managers to quickly evaluate alternative and generate contingency plans
Q20: Demand Forecasting
A: predicting future customer demand
Q21: Demand management
A: influence either pattern or consistency of demand
Q22: Strategic
A: 1-5 years, long term
Q23: Tactical
A: 6-18 months, Medium term
Q24: Operational
A: 1-12 weeks, Short Term
Verified Answers
Q1: Independent Demand
A: Demand Created by Customers
Q2: Dependent Demand
A: Demand is driven by demand of another item
Q3: MRP
A: computes demand for dependent items
Q4: Distribution Requirements Planning (DRP)
A: computes demand for finished goods in the distribution system
an estimate of the quantity and positioning of finished goods and inventory
Q5: Capacity Requirement Planning (CRP)
A: determines if sufficient resources are available
an estimate of capacity needed
Q6: Timing Bucket
A: Time periods for planning
Q7: Planning Horizon
A: entire time period covered by the MPS
Q8: Available to Promise (ATP)
A: planned production not already committed to a customer
Q9: Rough-cut Capacity Planning
A: estimates the critical resources needed to build MPS
Q10: Master Production Schedule (MPS)
A: schedule for building finished products
Q11: Inventory Records
A: contains information about inventory including amount on hand
Q12: Inventory Status File
, A: file that contains detailed inventory and procurement records
Q13: lot-for-lot
A: an order for the exact amount needed
Q14: fixed order quantity (FOQ)
A: an order for teh same amount each time
Q15: periodic order quantity (POQ)
A: an order for an amount that covers a fixed order period of time
Q16: Infinite Loading
A: assumption of infinite capacity
Q17: Load Profile
A: comparison of capacity needs to what is needed
Q18: Enterprise Resource Planning (ERP)
A: software that consolidates all business planning systems and data
Q19: Advanced Planning and Scheduling (APS)
A: combines materials and capacity planning into one system
produces better plans, faster by avoiding disjointed iterative planning processes
helps managers to identify and avoid problems
allows managers to quickly evaluate alternative and generate contingency plans
Q20: Demand Forecasting
A: predicting future customer demand
Q21: Demand management
A: influence either pattern or consistency of demand
Q22: Strategic
A: 1-5 years, long term
Q23: Tactical
A: 6-18 months, Medium term
Q24: Operational
A: 1-12 weeks, Short Term
