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SCM 303 Exam 3 (MSU SS'20) WITH COMPLETE SOLUTIONS A+ GRADED
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SCM 303 Exam 3 (MSU SS'20) WITH COMPLETE SOLUTIONS A+ GRADED...
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SCM 303 Exam 3 (MSU SS'20) WITH COMPLETESOLUTIONS A+ GRADED
Which of the following is not a theoretical factor of forecasting?
Multiple Choice
Quantity.
Trend.
Cyclical.
Seasonal. - ANSWER Quantity.
APS allows for advanced customer service improvement because ______.
Multiple Choice
it reduces the time to make accurate commitments to customers
it reduces inventory levels
it improves resource utilization
None of the above - ANSWER it reduces the time to make accurate commitments to
customers
Which of the following is not a benefit of sales and operations planning?
Multiple Choice
The S&OP process eliminates the need to have finished goods inventory.
The S&OP process results in better customer service.
The S&OP process provides better visibility into future capacity problems.
,The S&OP process provides a single set of numbers to run the business. - ANSWER The
S&OP process eliminates the need to have finished goods inventory.
When planning for a ramp-up in production, APS helps to ___.
Multiple Choice
determine what is best for the customer
Identify and calculate cost of strategic options
Determine what's best for suppliers
Both Determine what's best for the customer and Identify and calculate cost of strategic
options are Correct - ANSWER Both Determine what's best for the customer and Identify
and calculate cost of strategic options are Correct
What does the R stand for in CPFR?
Multiple Choice
Repeat.
Replenish.
Re-evaluate.
Re-design. - ANSWER Replenish.
Which of the following is not a reason for increased importance of S&OP?
Multiple Choice
Increased capacity.
Lesser variance of products.
Strategies are simplified.
Precise demands by key customers. - ANSWER Precise demands by key customers
,Promotions like "buy one get one free" are slightly risky from a forecasting perspective.
Why?
Multiple Choice
Increases likelihood of competition.
Could decrease future sales.
Decreases perceived value of regular-price items.
Gives the impression of a company in distress. - ANSWER Might cannibalize future
sales.
When the economies of scale are low and the response time is long, the supply chain
strategy must focus on ______.
Multiple Choice
A correct short-term forecast with solid tactics and minimal regard for history
production flexibility because accurate or detailed forecasting is not a matter of great
urgency
responsiveness at the cost of forecast accuracy
both forecast accuracy and responsiveness since both are of equal importance -
ANSWER production flexibility as detailed and accurate forecasting is not of atmost
importance
Which of the following is optimized resources to move materials and goods within supply
chains to minimize cost while meeting deadline constraints?
Multiple Choice
Supply chain planning.
Factory planning.
Distribution planning.
, Transportation planning. - ANSWER Transportation planning.
Which of the following are not benefits that are offered by APS?
Multiple Choice
Improved customer service with lower inventory.
Improved forecast accuracy.
Better utilization of existing capacity.
Better relationships with suppliers. - ANSWER Improved forecast accuracy.
Which of the following is not a stage in the S&OP maturity model?
Multiple Choice
Reacting.
Anticipating.
Competing.
Orchestrating. - ANSWER Competing.
The optimization module of an advanced planning and scheduling (APS) system ______.
Multiple Choice
builds the requirement projections for the planning horizon
defines and coordinates the supply chain system resources and constraints
is the computational engine of the supply chain planning system
defines the resource assignments and communicates them to the ERP system -
ANSWER is the computational engine of the supply chain planning system
Which of the following is not input required for an APS?
Multiple Choice
Current inventories.
Past inventories.
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