MGT 366 Exam 2 Question and answers verified to pass 2024/2025
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Course
SMGT 366
Institution
SMGT 366
MGT 366 Exam 2 Question and answers verified to pass 2024/2025 MGT 366 Exam 2
Aggregate planning - correct answer -Intermediate-range capacity planning that typically
covers a time horizon of 2 to 18 months
- Useful for organizations that experience seasonal, or other
variations in demand
...
MGT 366 Exam 2
Aggregate planning - correct answer ✔-Intermediate-range capacity planning
that typically
covers a time horizon of 2 to 18 months
- Useful for organizations that experience seasonal, or other
variations in demand
Goal of aggregate Planning - correct answer ✔Achieve a production plan
that will effectively utilize the organization's resources to satisfy demand
Why the term "aggregate plan" instead of medium- range production plan? -
correct answer ✔Generally involves the production plan for a group or a
family of products (aggregation of products) and over months or quarters
rather than days or weeks (aggregation of time).
Strategies to counter variation: - correct answer ✔Maintain a certain amount
of excess capacity to handle increases in demand
-Maintain a degree of flexibility in dealing with changes
• Hiring temporary workers
• Using over time and/or subcontractors
-Wait as long as possible before committing to a certain level of supply
capacity
•Schedule products or services with known demands first
•Wait to schedule other products until their demands become less uncertain
Aggregate planners are concerned with the - correct answer ✔Demand
quantity
, Timing of Demand
Demand quantity - correct answer ✔If demand exceeds capacity, attempt to
achieve balance by altering capacity, demand, or both
Demand options: Pricing - correct answer ✔-used to shift demand from peak
to off-peak periods.
-Price elasticity is important
Demand options: Promotion - correct answer ✔-Advertising and other forms
of promotion
Demand options: Back orders - correct answer ✔-Orders are taken in one
period and deliveries promised for a later period
Demand Options: - correct answer ✔Pricing, Promotions, Back Orders, New
Demand
Level Capacity strategy - correct answer ✔Maintaining a steady rate of
regular-time output while meeting variations in demand by a combination of
options:
• Inventories, overtime, part-time workers, subcontracting, and back orders
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