SCMN 4770- Exam 1 Questions With
Correct Answers
In the MPC process, capability decisions (equipment, facilities, suppliers,
| | | | | | | |
|etc.) are most likely to occur in what time horizon? - CORRECT
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ANSWER✔✔-Long term |
In the MPC process, detailed scheduling decisions are most likely to
| | | | | | | | | | |
occur in what time horizon? - CORRECT ANSWER✔✔-Short term
| | | | | | | |
Master Production Scheduling (MPS) & Resource Planning are a part of
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which MPC phase? - CORRECT ANSWER✔✔-Front End
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Measurement & control are a part of which MPC phase? - CORRECT
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ANSWER✔✔-Execution
Products that are part of a one-time production process (e.g. bridges or
| | | | | | | | | | | |
aircraft carriers) would most likely use which form of MPC? - CORRECT
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ANSWER✔✔-Project
What does the term ERP stand for? - CORRECT ANSWER✔✔-Enterprise
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Resource Planning |
,Which of the following actions would be likely to INCREASE the cash-to-
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cash cycle time for a firm?
| | | | |
(a) Increasing the cost, but not the price of a product
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(b) Taking advantage of 'early pay' discounts with suppliers
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(c) Revaluing inventory to reflect reductions in purchasing prices -
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CORRECT ANSWER✔✔-(a) & (b) | | |
Demand Management (DM) includes which of the following activities?
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(a) Forecasting
|
(b) Product shipping
| |
(c) Entering customer orders - CORRECT ANSWER✔✔-(a) & (c)
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What is the customer order decoupling point best defined as? -
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CORRECT ANSWER✔✔-The point where demand changes from
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independent to dependent. | |
In an assemble-to-order environment, what is the most likely point
| | | | | | | | | |
where customer order decoupling would take place? - CORRECT
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ANSWER✔✔-Work in process (WIP) parts & components | | | | | |
, What is the main goal of a Collaborative, Planning, Forecasting, &
| | | | | | | | | | |
Replenishment (CPFR) process? - CORRECT ANSWER✔✔-Reduce | | | | | |
variance between supply and demand.
| | | |
How long is a forecast used for Master Production Scheduling & Control
| | | | | | | | | | | |
likely used to cover a period? - CORRECT ANSWER✔✔-Days or Weeks
| | | | | | | | | |
Regression Analysis where the relationship between variables in a
| | | | | | | | |
straight line is called a ____? - CORRECT ANSWER✔✔-Linear Regression
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In a time series analysis, time is the ___ variable. - CORRECT
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ANSWER✔✔-Independent
T/F: An exponential smoothing forecast considers all past data. -
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CORRECT ANSWER✔✔-FALSE |
T/F: In an exponential smoothing forecast, a higher level of alpha will
| | | | | | | | | | | |
place more emphasis on recent history. - CORRECT ANSWER✔✔-TRUE
| | | | | | | |
Mean error of a forecast provides information concerning the forecast's
| | | | | | | | | |
___? - CORRECT ANSWER✔✔-Bias
| | |
What are the 4 fundamental issues in Sales & Operations Planning? -
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CORRECT ANSWER✔✔-Volume, Mix, Demand, & Supply
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Correct Answers
In the MPC process, capability decisions (equipment, facilities, suppliers,
| | | | | | | |
|etc.) are most likely to occur in what time horizon? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-Long term |
In the MPC process, detailed scheduling decisions are most likely to
| | | | | | | | | | |
occur in what time horizon? - CORRECT ANSWER✔✔-Short term
| | | | | | | |
Master Production Scheduling (MPS) & Resource Planning are a part of
| | | | | | | | | | |
which MPC phase? - CORRECT ANSWER✔✔-Front End
| | | | | |
Measurement & control are a part of which MPC phase? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-Execution
Products that are part of a one-time production process (e.g. bridges or
| | | | | | | | | | | |
aircraft carriers) would most likely use which form of MPC? - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-Project
What does the term ERP stand for? - CORRECT ANSWER✔✔-Enterprise
| | | | | | | | | |
Resource Planning |
,Which of the following actions would be likely to INCREASE the cash-to-
| | | | | | | | | | |
cash cycle time for a firm?
| | | | |
(a) Increasing the cost, but not the price of a product
| | | | | | | | | |
(b) Taking advantage of 'early pay' discounts with suppliers
| | | | | | | |
(c) Revaluing inventory to reflect reductions in purchasing prices -
| | | | | | | | | |
CORRECT ANSWER✔✔-(a) & (b) | | |
Demand Management (DM) includes which of the following activities?
| | | | | | | |
(a) Forecasting
|
(b) Product shipping
| |
(c) Entering customer orders - CORRECT ANSWER✔✔-(a) & (c)
| | | | | | | |
What is the customer order decoupling point best defined as? -
| | | | | | | | | | |
CORRECT ANSWER✔✔-The point where demand changes from
| | | | | | |
independent to dependent. | |
In an assemble-to-order environment, what is the most likely point
| | | | | | | | | |
where customer order decoupling would take place? - CORRECT
| | | | | | | | |
ANSWER✔✔-Work in process (WIP) parts & components | | | | | |
, What is the main goal of a Collaborative, Planning, Forecasting, &
| | | | | | | | | | |
Replenishment (CPFR) process? - CORRECT ANSWER✔✔-Reduce | | | | | |
variance between supply and demand.
| | | |
How long is a forecast used for Master Production Scheduling & Control
| | | | | | | | | | | |
likely used to cover a period? - CORRECT ANSWER✔✔-Days or Weeks
| | | | | | | | | |
Regression Analysis where the relationship between variables in a
| | | | | | | | |
straight line is called a ____? - CORRECT ANSWER✔✔-Linear Regression
| | | | | | | | |
In a time series analysis, time is the ___ variable. - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-Independent
T/F: An exponential smoothing forecast considers all past data. -
| | | | | | | | | |
CORRECT ANSWER✔✔-FALSE |
T/F: In an exponential smoothing forecast, a higher level of alpha will
| | | | | | | | | | | |
place more emphasis on recent history. - CORRECT ANSWER✔✔-TRUE
| | | | | | | |
Mean error of a forecast provides information concerning the forecast's
| | | | | | | | | |
___? - CORRECT ANSWER✔✔-Bias
| | |
What are the 4 fundamental issues in Sales & Operations Planning? -
| | | | | | | | | | | |
CORRECT ANSWER✔✔-Volume, Mix, Demand, & Supply
| | | | |
