Supply Test 2 Questions and Answers 100% Verified!

Aggregate supply chain planning focuses on the day-to-day execution activities like scheduling, sequencing, and operations. T or F - ANSWER-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: - ANSWER-Supply chain planning Which type of capacity planning strategy will aggressively add new capacity in anticipation of future demand? - ANSWER-Proactive capacity planning What is an appropriate approach for determining the overall production capabilities of capital-intensive resources like machines and facilities? - ANSWER-Capacity planning Short term solutions for improving capacity performance include: - ANSWER-Use labor overtime and maximize work on key tasks What should be done with a forecast? - ANSWER-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 - ANSWER-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. - ANSWER-Demand sensing According to the Episode 3 article "A Practitioner's Guide Demand Planning," ________ is a major challenge for supply chain leaders. - ANSWER-Demand volatility Which parts of the organization is normally involved in the Sales and Operations planning process? - ANSWER-Finance, manufacturing, and supply chain management What is the role of supply chain managers in Sales & Operations Planning? - ANSWER-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? - ANSWER-Master production schedule Which of the following are primary goals of Materials Requirements Planning? - ANSWER-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? - ANSWER-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. - ANSWER-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