MGMT 339: Exam 3 Test Questions
with Solved Solutions 2025.
Forecast - Answer a prediction of the future
Committed orders - Answer customer offer to buy a specific # of units at a specific price
Projected on-hand inventory - Answer the expected amount of inventory that will be on hand
at the beginning of each time period
Master production schedule (MPS) - Answer the result of disaggregating the aggregate plan
showing the quantity & timing of specific end items for a scheduled horizon, which often covers
about 6-8 weeks ahead
*Duties of the master scheduler:
-evaluate the impact of new orders
-provide delivery dates for orders
-deal w/ problems (production delays, insufficient supplies or capacity, resolve conflicts)
*Inputs:
-beginning inventory
-forecast
-customer orders
*Outputs:
-projected inventory
-MPS
-uncommitted inventory (ATP)
Available-to-promise (ATP/Uncommitted) - Answer uncommitted inventory
Time fences - Answer points in time that separate phases of a master schedule planning
, Independent vs Dependent demand - Answer Once the independent demand is known, the
dependent demand (demand for items that are subassemblies or component parts to be used
in the production of finished goods) can be calculated
Independent demand:
-required by a person
-finished goods
-spare parts
Dependent demand:
-required to produce a good
-components of finished products
Material requirements planning inputs - Answer a computer-based information system that
converts master schedule requirements for end items into time-phased requirements for
subassemblies, components, and raw materials
*Inputs:
-master production schedule (MPS)
-bill of materials (BOM)
-inventory records
-planning data & rules
Cumulative lead-time - Answer sum of the lead times that sequential phases of a process
require, from ordering of parts/raw materials to completion of final assembly
Backward scheduling - Answer MRP calculates when dependent demand items must be
ordered & when subassembly components must be produced in order to complete the
independent demand item on schedule
Bill of Material (BOM) - Answer 1 of 3 (Master schedule, BOM, Inventory records) primary
inputs in MRP; a listing of all the raw materials, parts, subassemblies, and assemblies needed to
produce one unit of a product
with Solved Solutions 2025.
Forecast - Answer a prediction of the future
Committed orders - Answer customer offer to buy a specific # of units at a specific price
Projected on-hand inventory - Answer the expected amount of inventory that will be on hand
at the beginning of each time period
Master production schedule (MPS) - Answer the result of disaggregating the aggregate plan
showing the quantity & timing of specific end items for a scheduled horizon, which often covers
about 6-8 weeks ahead
*Duties of the master scheduler:
-evaluate the impact of new orders
-provide delivery dates for orders
-deal w/ problems (production delays, insufficient supplies or capacity, resolve conflicts)
*Inputs:
-beginning inventory
-forecast
-customer orders
*Outputs:
-projected inventory
-MPS
-uncommitted inventory (ATP)
Available-to-promise (ATP/Uncommitted) - Answer uncommitted inventory
Time fences - Answer points in time that separate phases of a master schedule planning
, Independent vs Dependent demand - Answer Once the independent demand is known, the
dependent demand (demand for items that are subassemblies or component parts to be used
in the production of finished goods) can be calculated
Independent demand:
-required by a person
-finished goods
-spare parts
Dependent demand:
-required to produce a good
-components of finished products
Material requirements planning inputs - Answer a computer-based information system that
converts master schedule requirements for end items into time-phased requirements for
subassemblies, components, and raw materials
*Inputs:
-master production schedule (MPS)
-bill of materials (BOM)
-inventory records
-planning data & rules
Cumulative lead-time - Answer sum of the lead times that sequential phases of a process
require, from ordering of parts/raw materials to completion of final assembly
Backward scheduling - Answer MRP calculates when dependent demand items must be
ordered & when subassembly components must be produced in order to complete the
independent demand item on schedule
Bill of Material (BOM) - Answer 1 of 3 (Master schedule, BOM, Inventory records) primary
inputs in MRP; a listing of all the raw materials, parts, subassemblies, and assemblies needed to
produce one unit of a product
