MGMT 333 Exam 4 Questions And Answers

MGMT 333 Exam 4 Questions And Answers (T/F) The Master Production Schedule breaks down the aggregated production plan, specifying what individual products the factory will make each week. - ANS-True Time Fences: (choose all that apply) - Are derived directly from the aggregate plan - Provide stability and predictability to factory operations - Determine when a customer order can be cancelled without penalty - Determine when changes to the MPS can be made - ANS-- Provide stability and predictability to factory operations - Determine when changes to the MPS can be made Available-to-Promise: (choose all that apply) - Tells the sales force how many products are available to sell - Coordinates production and sales efforts - Takes into account current inventory, confirmed orders, and scheduled production - Helps to determine when production is scheduled - ANS-(All of the above) - Tells the sales force how many products are available to sell - Coordinates production and sales efforts - Takes into account current inventory, confirmed orders, and scheduled production - Helps to determine when production is scheduled Sales and Operations Planning combines: - Supply and demand - Long-range planning and short-range implementation - The aggregate plan and the sales plan - Production costs and backordering costs - ANS-The aggregate plan and the sales plan The S&OP requires input from: (choose all that apply) - Sales - Operations - Transportation - Finance - ANS-- Sales - Operations - Finance (T/F) Because of the need to interact with key supply chain partners, sales & operations planning is viewed as a cross-functional process. - ANS-True The aggregated production plan (choose all that are correct) - Plans by product group or family - Is an example of intermediate-range planning - Looks out for a period of about one year - Forecasts customer demand - ANS-- Plans by product group or family - Is an example of intermediate-range planning - Looks out for a period of about one year Continues...