P370 Final Exam Questions And Quality Solutions 2024/25
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Course
P370
Institution
P370
Aggregate Production Planning - Correct Answer A managerial statement of time-phased production rates, workforce level, and inventory investment which takes into account customer requirements and capacity limitations
APP - Correct Answer Aggregate Production Planning
-(intermediate term us...
P370 Final Exam Questions And Quality Solutions
2024/25
Aggregate Production Planning - Correct Answer A managerial statement of time-phased production
rates, workforce level, and inventory investment which takes into account customer requirements and
capacity limitations
APP - Correct Answer Aggregate Production Planning
-(intermediate term usually 3-18 months)
-Everything is turned into LABOR HOURS
-High level plans DON'T make things happen... Detailed things do!
Objectives of APP - Correct Answer 1. Specify the optimal combination of production rate, workforce
level, and inventory on hand
2. Minimize the cost of resources required to meet demand over that period
MPS - Correct Answer Master Production Scheduling
Master Production Scheduling Characteristics - Correct Answer -1st level of disaggregation of the
aggregate plan (begin to break down the products into more real end items)
-Horizon and buckets are no larger than APP and are often shorter (greater frequency of revision)
-Rolling Horizons
MRP - Correct Answer Materials Requirements Planning: what materials to meet the MPS
Materials Requirements Planning Characteristics - Correct Answer -EXTREME detail, down to nut and
bolt
-No fictitious or theoretical units/products
Shop Floor Scheduling - Correct Answer Detailed, actual production schedule
, Time Horizon vs Time Bucket - Correct Answer horizon (years) is usually the term of the plan and the
buckets are divisions of the horizon (months)
Aggregate - Correct Answer -Classes of products
-Labor or other inputs
-Geographic location of production
-Often fictitious
Rolling Horizon of 5 months (example) - Correct Answer Always 5 months out no matter where we are
in plan
3 Production Planning Strategies - Correct Answer -Chase
-Level
-Stable Workforce
Chase Strategy - Correct Answer Perfectly match demand by varying PRODUCTION and MANPOWER by
hiring and firing
Chase Strategy Characteristics - Correct Answer Goal: hit forecast without waste (reduce stock outs and
high inventory)
-Workforce & hours need to change to meet forecast
-Need EASILY trained employees
-DOWNSIDE: hiring/firing costs; morale decreases
Level Strategy - Correct Answer Maintain a CONSTANT production/workforce level to buffer against the
changes in demand
Level Strategy Characteristics - Correct Answer -EASIEST of the 3 to pursue
-Goal: constant workforce & output production level but fluctuating inventory
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