SCMN 2150 Auburn Test 1 Exam
Questions with Detailed Answers
25% reduction in excess and obsolete inventory - -What benefit can be
gained by adopting best practices in supply chain planning?
- Step 4 Invest in performance management - -Which demand planning step
does the organization evaluate the accuracy of the forecast and assess the
forecast error level?
- Inventory buffer locations - -Planning for holiday demand is difficult for
each of the following reasons EXCEPT for
- Reduced variable costs - -What benefit will be created if a supply chain
reduces its inventory carrying costs?
- Unilever - -Which company holds the top spot in the 2017 Gartner Top 25
Supply Chains list?
- Avoid the need to charge sales tax to customers - -According to this
week's reading about Amazon, why did the company originally limit its
facilities to states like Arizona, Tennessee, Pennsylvania, Kentucky, and a
few others
- Severe traffic congestion - -What factors tend to pull facilities away from
its main markets?
- Materials requirement planning - -_____ converts the master schedule of
production into a detailed schedule, so that you can purchase raw materials
and components.
- Master production plan - -The _____ is the plan that a company develops
for production, staffing, or inventory.
- Creating independent forecasts and action plans. - -Is not one of the key
priorities of Sales and Operation Planning
- False - -T/F... All supply chains are constructed in a similar fashion with the
same number and types of participants.
- True - -T/F... Auburn has an RFID lab that work on Supply chain solutions
like product tracking and visibility
, - Capacity - -*The rate at which output can be produced by an operating
unit
*Ex: Machine, process, facility, company, restaurant, movie theater, airplane,
etc.
- Capacity cushion - -*An additional amount of capacity added onto the
expected demand to allow for greater than expected demand and demand
during peak demand seasons.
*Creates flexibility.
- capacity planning - -The process of establishing the output rate that can
be achieved (throughput)
- Capacity Planning and Management - -Goal is to match capacity and
demand
- False - -T/F... Capacity planning provides the ability to be proactive rather
than reactive in the management of inventory levels, material flow, and
production scheduling
- Capacity Utilization - -Measures how much of the available capacity is
actually being used
- Centralized - -*National
*Lower investment
*Lower level Lower cost
*Higher cost Effective
- Centralized Distribution advantage - -Lower overall inventory
- Centralized Network - -the single node controls customer interaction, the
flow of goods, and other key activities on a national basis
• Benefits
• Lower safety stock levels
• Lower overhead costs
• Economies of scale
• Challenges
• Longer lead times
• Higher delivery costs
• Potential inefficiencies
- Chicken - -Cross Dock
- True - -T/F... Companies that have an effective sales and operations
planning process increase their visibility across their enterprise, improve
product management, and minimize unnecessary buildups of inventory.
Questions with Detailed Answers
25% reduction in excess and obsolete inventory - -What benefit can be
gained by adopting best practices in supply chain planning?
- Step 4 Invest in performance management - -Which demand planning step
does the organization evaluate the accuracy of the forecast and assess the
forecast error level?
- Inventory buffer locations - -Planning for holiday demand is difficult for
each of the following reasons EXCEPT for
- Reduced variable costs - -What benefit will be created if a supply chain
reduces its inventory carrying costs?
- Unilever - -Which company holds the top spot in the 2017 Gartner Top 25
Supply Chains list?
- Avoid the need to charge sales tax to customers - -According to this
week's reading about Amazon, why did the company originally limit its
facilities to states like Arizona, Tennessee, Pennsylvania, Kentucky, and a
few others
- Severe traffic congestion - -What factors tend to pull facilities away from
its main markets?
- Materials requirement planning - -_____ converts the master schedule of
production into a detailed schedule, so that you can purchase raw materials
and components.
- Master production plan - -The _____ is the plan that a company develops
for production, staffing, or inventory.
- Creating independent forecasts and action plans. - -Is not one of the key
priorities of Sales and Operation Planning
- False - -T/F... All supply chains are constructed in a similar fashion with the
same number and types of participants.
- True - -T/F... Auburn has an RFID lab that work on Supply chain solutions
like product tracking and visibility
, - Capacity - -*The rate at which output can be produced by an operating
unit
*Ex: Machine, process, facility, company, restaurant, movie theater, airplane,
etc.
- Capacity cushion - -*An additional amount of capacity added onto the
expected demand to allow for greater than expected demand and demand
during peak demand seasons.
*Creates flexibility.
- capacity planning - -The process of establishing the output rate that can
be achieved (throughput)
- Capacity Planning and Management - -Goal is to match capacity and
demand
- False - -T/F... Capacity planning provides the ability to be proactive rather
than reactive in the management of inventory levels, material flow, and
production scheduling
- Capacity Utilization - -Measures how much of the available capacity is
actually being used
- Centralized - -*National
*Lower investment
*Lower level Lower cost
*Higher cost Effective
- Centralized Distribution advantage - -Lower overall inventory
- Centralized Network - -the single node controls customer interaction, the
flow of goods, and other key activities on a national basis
• Benefits
• Lower safety stock levels
• Lower overhead costs
• Economies of scale
• Challenges
• Longer lead times
• Higher delivery costs
• Potential inefficiencies
- Chicken - -Cross Dock
- True - -T/F... Companies that have an effective sales and operations
planning process increase their visibility across their enterprise, improve
product management, and minimize unnecessary buildups of inventory.
