Each planning process, no matter the level, is focused on... (pick the best answer)
minimizing inventory investment
maximizing shareholder return
finding the best way to make supply meet demand
maximizing product availability
finding the best way to make supply meet demand
Which tactic is not used to change the supply of goods or services provided by a company?
fire workers
run overtime
change production rates
take reservations
take reservations
Which tactics are used to change customer demand? (Check all that apply.)
advertise
run promotions
hire temporary employees
bundle product offerings
build up inventory
increase prices
advertise
run promotions
bundle product offerings
increase prices
The three general categories of approaches used to manage the trade-off in S&OP are...
Level, Chase, and Mathematical Algorithm
Detailed, Aggregate, and Combination
Level, Chase, and Aggregate
Level, Chase, and Combination
Level, Chase, and Combination
The "chase" approach is the most appropriate build plan strategy for a manufacturer when it is easy to alter customer demand.
false
The time horizon for the production plan should be at least as long as the time it takes to make changes in the resource base being planned.
true
Which build plan strategy is the most appropriate when demand is seasonal and it is easy to use temporary employees?
level
chase
combination
all are the same
chase
The main output of the sales and operations planning process is...
the production plan
the material requirements plan
the master production schedule
the strategic business plan
the production plan
Which of the following "consume" the forecast?
customer orders
purchase orders
planned orders
manufacturing orders
customer orders
A "mix hedge"...(Check all that apply.)
reduces levels of expensive FG inventory while slightly increasing component inventories
means that the sum total of component supplies should equal the master production schedule
is a planning technique which suppo
reduces levels of expensive FG inventory while slightly increasing component inventories
is a planning technique which supports increased production flexibility
Which build strategy allows for greatest customer input into the design or configuration of the final product?
assemble-to-order
engineer-to-order
make-to-stock
make-to-order
engineer-to-order
Which of the following businesses is most likely to employ an assemble-to-order build strategy?
Taco Bell
Frito Lay
Denny's
Betty Crocker
taco bell