SOLUTIONS MARKED A+
✔✔What does scheduling involve? - ✔✔allocating resources over time to meet demand
in a timely and cost effective manner; establishes a set of start times and stop times
within given resource constraints
✔✔How is scheduling different from sequencing? - ✔✔The purpose of sequencing is to
determine the order of occurrence.
✔✔How forecasts are calculated using time series analysis methods - ✔✔weight
(demand) + weight (demand) + weight (demand) = weighted moving average
(demand + demand + demand) / # of weeks = simple moving average
forecast + weight (demand - forecast) = exponential smoothing
✔✔When they might be used and what forecast error is. How Forecast error effects the
business outcomes. - ✔✔
✔✔Which supply chain process focuses on the movement and storage of products in
the supply chain - ✔✔Fulfillment
✔✔What is a primary risk of deploying a global sourcing strategy? - ✔✔Lower
intellectual property protection
✔✔3 Step procedure for capacity planning decisions - ✔✔Determine capacity
requirement
Identify capacity alternatives
Evaluate capacity alternatives
✔✔global source - ✔✔entails identifying, evaluating, negotiating and configuring supply
across multiple geographies to reduce costs, maximize performance and mitigate risks.
✔✔How does globalization impact supply chain operations? - ✔✔Transportation is more
difficult and costly
✔✔the ______ process focuses on the fulfillment of customer demand for products and
services by developing key logistics processes to execute timely, low-cost flow of
products to customers. - ✔✔deliver
✔✔As the number of distribution facilities in your network increases and becomes highly
decentralized, what happens to your costs? - ✔✔Inventory Investments
, ✔✔In which type of product flow option do products move between facilities through an
interim facility where goods are quickly sorted, mixed, and moved immediately to the
customer? - ✔✔Cross-Dock
✔✔which location selection factor considers whether the area you are considering is
constrained and cramped by other facilities, or a wide-open space. - ✔✔Land
✔✔which of the following is NOT a key to facility location decision making? -
✔✔Ensuring the Lowest Delivery Cost Possible
✔✔the value proposition of building out the company's supply chain network is: -
✔✔Opportunity to increase speed of customer delivery
✔✔Which of the following is the demand forecasting method for consumer goods that
involves using economic indicators to predict trends? - ✔✔Barometric Method
✔✔Capacity planning determines the output that can be achieved to meet demand
(T/F)? - ✔✔True
✔✔by improving demand forecasting and optimizing your supply chain, you can
effectively _________ and _________? - ✔✔Mitigate Unnecessary Costs
Increase Profits
✔✔the process of using sales data to make assumptions on supply chain and inventory
activity, allowing a business to define service levels for the future accurately." -
✔✔Demand Forecasting
✔✔which of the following is NOT an unpleasant outcome derived from poor sales and
operations planning? - ✔✔Lost inventory due to a natural disaster
✔✔in the context of the MRP System cookie example ________ tells us "what do I need
to make" - ✔✔Master Production Schedule
✔✔in the context of MRP Systems and our cookie example select the three pieces of
information that we input into our MRP System to identify the needed ingredients that
we do not have. - ✔✔Bill of Materials, Master Production Schedule, Inventory Master
File (On hand Inventory Balances)
✔✔two answers that best describe what we are trying to do through sequencing,
according to the module 4 video. - ✔✔Maximize Resource Utilization
Minimize Product Completion Time