California State University Fullerton

T/F Aggregate planning is intermediate range planning for goods and services. - Answer TRUE T/F Aggregate planning typically covers a time interval of 2 to 4 years. - Answer FALSE Feedback: The typical range is 6 to 18 months T/F Sales and operations planning is intermediate-range decisions to balance supply and demand, integrating financial and operations planning. - Answer TRUE T/F Aggregate planning is concerned with both the quantity and timing of anticipated demand. - Ans...

capacity - Answer The upper limit or ceiling on the LOAD that an OPERATING UNIT can handle. Load - Answer # of physical units produced (e.g., # of bicycles assembled per hour) OR # of services performed (e.g., # of computers upgraded per hour). Operating unit - Answer a plant, department, machine, store, worker, etc. Goal of strategic capacity planning - Answer achieve a match between the long-term supply capabilities of an organization and the predicted level of long-ter...

The Role of Management - Answer -Guide organizations toward goal accomplishment -Combine and use organizational resources to ensure organizations achieve their purpose -Encourage individual activities are focused on reaching organizational goals -Focus on activities or other factors that may get in the way of goal achievement Planning - Answer -Setting organizational goals -Identifying actions to achieve the goals Organizing - Answer -Determining tasks and groupings of work -...

Long-term capacity planning deals with which of the following factors? - Answer Investment in new facilities Waiting-line problems that cannot be studied with waiting-line models must be analyzed with which analytical tool? - Answer simulation Anna's landscaping business has a capacity gap; which alternative can best be described as "simply to do nothing"? - Answer Base-case strategy A measure of the reserve capacity a process has to handle in unexpected increases in d...

The theory of constraints methods increases the firm's profits more effectively by focusing on what? - Answer making materials flow rapidly through the entire system Of the seven key principles of the theory of constraints, which is the first principal? - Answer the focus should be on balancing flow, not on balancing capacity An item that has been built to stock has yet to be sold. Which TOC operational measure is used to describe it in its current state? - Answer Inventory ...

Inventory - Answer A stock of goods. They are a vital part of business: necessary for operations and contribute to customer satisfaction. A "typical" firm has roughly 30% of its current assets and as much as 90% of its working capital invested in inventory. Independent Demand Items - Answer Items that are ready to be sold or used. Types of Inventories - Answer - Raw materials and purchased parts - WIP - Finished goods inventories or merchandise - Tools and supplies - Mai...

Genentech finds that the results of their testing indicate a gradual shift upward in the average size of drilled holes. They were most likely using a ______ type control chart for _____ - Answer X bar / Variable Dayspring Manufacturing in Torrance, CA makes aftermarket competition gears for pre-1974 Volkswagen Beetles. They want to have a mean ring gear diameter of 270 mm +20mm,-30mm with a standard deviation of 9mm. What is the Cpk for the Upper Limit and what is the Cpk for the Lower lim...

Prevention Cost - Answer Costs associated with preventing defects before they happen Appraisal Costs - Answer Costs incurred when the firm assess the performance level of its process Internal failure costs - Answer Costs resulting from defects that are discovered during the production of a service or product. external failure costs - Answer Costs that arise when a defect is discovered after the customer receives the service of the product. Warranty - Answer A written g...

Wait-and-see strategy - Answer Cons: Must have credibility and must signal its plan before competition can Capacity gap - Answer Positive or negative difference between projected demand and current capacity Economies of Scale - Answer A concept that states that the average unit cost of a service or good can be reduced by increasing its output rate Diseconomies of Scale - Answer Occurs when the average cost per unit increases as the facility's size increases Contributin...

BC Provincial Women's Health Strategy - Answer supports women's diversity, the way in which women provide for their health needs in the social, cultural + spiritual context, places the woman/newborn at the center of care, assures women/families are respected, ensures services are planned/provided to meet needs/respect preferences Family-Centered Maternity and Newborn Care (FCMNC) - Answer Framework that defines pregnancy as a normal/healthy life event; identifies the complex, mult...