CSCA 82 Exam Questions with 100% Correct Answers | Verified | Updated 2024

Aggregate Production Plan - ️️-Aggregate plan for the production process. Measures what quantity of materials and other resources are to be procured and when. Time frame (at least one year usually rolled forward by 3 months every quarter) Master Production Schedule - ️️-A detailed dis aggregation of the APP, listing the exact end items to be produced in a specific period. More detailed than APP (shows all items produced). Time frame (shorter planning horizon, but longer the lead time to produce an item) Materials requirement Plan - ️️-Computer based, calculates exact quantities, need dates, and planned order releases for sub assemblies & materials required to manufacture a final product. Requires independent demand information, parent-component relationships from the BOM, LFL-order what you need. Chase strategy - ️️-Adjust capacity to match demand. (Adv) works well for make to-order-firms. Finished goods inventory is constant. (Dis) Hire and layoff workers (time and money to train). Level strategy - ️️-Constant output rate, regardless of demand. (Adv) works well for make-to-stock firms. Constant output, don't need to hire/lay off. (Dis) Finished goods inventory and backlog vary. Relies on how accurate the forecast is. Mixed Strategy - ️️-Combination of both chase and level strategies. (Adv) maintain a stable, core workforce. (Dis) Use short-term means: overtime, contractors, temps to manage short-term demand costs money. Time Fence MPS - ️️-necessary because of system nervousness -small changes in the upper-level production plan cause major changes in the lower-level production plan. Firms use a time fence to deal with nervousness by separating the the planning horizon.