MBA 612 FINAL EXAM QUESTIONS AND ANSWERS
100% CORRECT
Resource management - ANSWER Deals with planning, execution, and control of
resources that are used to produce goods or provides services in a value chain
Objectives of resource management - ANSWER maximize profits and customer
satisfaction
minimize costs
maximize benefits to stakeholders
Aggregate planning - ANSWER -The development of a long-term output and resource
plan in aggregate units of measure
-Determine the quantity and timing of production for intermediate future
Objective of aggregate planning - ANSWER Objective is to minimize cost over the
planning period by...
-Production rates
-Labor levels
-Subcontracting
-Other controllable variables
What does aggregate planning help with? - ANSWER Define output levels over a
planning horizon of 1-2 years
Focus on product families or total capacity requirements
Define budget allocations and associated resource requirements
Disaggregation - ANSWER The process of translating aggregate plans into short-term
operational plans that provide the basis for weekly and daily schedules and detailed
,resource requirements
-Specifies detailed plans for the creation of goods and services or the allocation of
capacity to specific time periods
Execution - ANSWER moving work from one workstation to another, assigning people to
tasks, setting priorities for jobs, scheduling equipment, and controlling processes
Long-range planning - ANSWER Research and development
New product plans
Capital investment
Expansion
Handled by top execs
Intermediate-range planning - ANSWER Sales planning
Production planning and budgeting
Setting employment, inventory, subcontracting levels
Analyzing cooperating plans
Handled by top execs, ops mgrs
Short-range planning - ANSWER Up to 3 months
Job assignments
Ordering
Job scheduling
Part time employees
Handled by ops mgrs and supervisors
Order of planning - ANSWER -Agg plans
-Master Production Schedule
, -Bill of Materials
-Materials Requirements Plan
-Lot sizing
-Scheduling/sequencing
Enterprise Resource Planning (ERP) - ANSWER Integrate all aspects of a business into a
unified information system
-Provide timely analysis and reporting sales, customer, inventory, manufacturing,
human resource, and accounting data
Disaggregation techniques in manufacturing - ANSWER -Master Production Scheduling
-MRP
-Capacity Requirements Planning (CRP)
Master Production Schedule (MPS) - ANSWER Statement of quantity and the schedule of
the finished items to be produced for weekly time periods over 6-12 mo horizon
-Helps translate agg plans into separate plans for individual finished goods
Materials Requirement Planning (MRP) - ANSWER Demand-based approach for planning
the production of manufactured goods and ordering materials and components
minimizing unnecessary inventories and reduces costs
-Gives accounting and financial functions production info
What does MRP give schedule for? - ANSWER Obtaining raw materials and purchased
parts
Manufacturing products, controlling inventories
Dependent demand - ANSWER Directly related to the demand of other SKUs and can be
calculated without needing to be forecasted
100% CORRECT
Resource management - ANSWER Deals with planning, execution, and control of
resources that are used to produce goods or provides services in a value chain
Objectives of resource management - ANSWER maximize profits and customer
satisfaction
minimize costs
maximize benefits to stakeholders
Aggregate planning - ANSWER -The development of a long-term output and resource
plan in aggregate units of measure
-Determine the quantity and timing of production for intermediate future
Objective of aggregate planning - ANSWER Objective is to minimize cost over the
planning period by...
-Production rates
-Labor levels
-Subcontracting
-Other controllable variables
What does aggregate planning help with? - ANSWER Define output levels over a
planning horizon of 1-2 years
Focus on product families or total capacity requirements
Define budget allocations and associated resource requirements
Disaggregation - ANSWER The process of translating aggregate plans into short-term
operational plans that provide the basis for weekly and daily schedules and detailed
,resource requirements
-Specifies detailed plans for the creation of goods and services or the allocation of
capacity to specific time periods
Execution - ANSWER moving work from one workstation to another, assigning people to
tasks, setting priorities for jobs, scheduling equipment, and controlling processes
Long-range planning - ANSWER Research and development
New product plans
Capital investment
Expansion
Handled by top execs
Intermediate-range planning - ANSWER Sales planning
Production planning and budgeting
Setting employment, inventory, subcontracting levels
Analyzing cooperating plans
Handled by top execs, ops mgrs
Short-range planning - ANSWER Up to 3 months
Job assignments
Ordering
Job scheduling
Part time employees
Handled by ops mgrs and supervisors
Order of planning - ANSWER -Agg plans
-Master Production Schedule
, -Bill of Materials
-Materials Requirements Plan
-Lot sizing
-Scheduling/sequencing
Enterprise Resource Planning (ERP) - ANSWER Integrate all aspects of a business into a
unified information system
-Provide timely analysis and reporting sales, customer, inventory, manufacturing,
human resource, and accounting data
Disaggregation techniques in manufacturing - ANSWER -Master Production Scheduling
-MRP
-Capacity Requirements Planning (CRP)
Master Production Schedule (MPS) - ANSWER Statement of quantity and the schedule of
the finished items to be produced for weekly time periods over 6-12 mo horizon
-Helps translate agg plans into separate plans for individual finished goods
Materials Requirement Planning (MRP) - ANSWER Demand-based approach for planning
the production of manufactured goods and ordering materials and components
minimizing unnecessary inventories and reduces costs
-Gives accounting and financial functions production info
What does MRP give schedule for? - ANSWER Obtaining raw materials and purchased
parts
Manufacturing products, controlling inventories
Dependent demand - ANSWER Directly related to the demand of other SKUs and can be
calculated without needing to be forecasted
