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What is the time horizon for medium-range forecasting?
3 to 4 months
6 to 18 months
3 to 5 years
7 to 9 years - ANSWER-6 to 18 months
A computer company receives an order for 100 computers from
a customer inside of its lead time. The production planner
agrees to support the order.
Which two outputs will the MRP
system issue? Planned order receipts
Choose 2 Expedite notice
answers Shipping confirmation
Master schedule quantity - ANSWER-Planned order receipts
Expedite notice
A bicycle company receives an order to deliver 200 bicycles
by the end of the
month.
,Which planning process will help this company to decide the
required quantity
of bicycle tires to meet the
order?
MRP II
MRP
Purchasing
MAP - ANSWER-MRP
A large retail chain is developing an aggregate plan for its
"holiday tree" product
line. It does not specify Douglas fir, pine, spruce tree, or artificial
tree variations,
just overall quantity of trees to be offered throughout the
holiday season.
What is the appropriate time fence for the aggregate plan?
2 to 6 months before the holiday season begins
6 to 18 months before the holiday season begins
24 to 36 months before the holiday season begins
2 months after the prior holiday season ends - ANSWER-6 to 18
months before the holiday season begins
A restaurant manager inside a major entertainment venue
needs to estimate the amount of soft drinks to order for the
coming month. Cumulative convention attendance for each
,event is estimated at 20,000 people. The manager understands
the historical pull-through and turnover rate metrics at the
restaurant.
Which two tools should the manager use to estimate the total
amount of soft
drinks to
purchase?
Choose 2 answers
Weighted moving average from the historical metrics for the
last 30 days
Panel of experts to estimate total soft drink use
Weighted moving average using attendance estimates
Simple regression using independent variables to estimate total
soft drink use -
ANSWER-Weighted moving average using attendance
estimates
Simple regression using independent variables to estimate total
soft drink use
The sales department for a company is having their sales
representatives meet
with customers to develop a sales plan for the coming year.
The sales plan
details prior year sales, current year sales, and year-to-year
sales growth. Each
, customer can estimate how many products they plan to buy
from the sales
representatives the following year. Each customer signs the
sales plan, and the sales representatives forward it to their
sales managers. The sales managers then tally up the
estimated sales and forward the totals on to the vice president
of sales. The vice president then announces what the predicted
sales for the company will be for the coming year.
What was used to predict sales for the coming year?
Exponential smoothing
Simple moving average
A panel of experts
The buildup method - ANSWER-The buildup method
A computer company needs to order 50 computer screens
from a vendor so
they can assemble 100 computers by the end of
the month.
What does the computer company need to know to ensure
the parts arrive
when they are
needed?
Lead time
Order quantity
Purchase price