P370 EXAM NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
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Course
P370
Institution
P370
P370 EXAM NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
Master Production Scheduling (MPS) - Answer-First level of disaggregation, which means that we break down the products into more real items
shorter time horizon: for example, could be 3-6 month horizon ...
P370 EXAM NEWEST 2024 ACTUAL
EXAM TEST BANK COMPLETE
QUESTIONS AND CORRECT
DETAILED ANSWERS
Master Production Scheduling (MPS) - Answer-First level of disaggregation, which
means that we break down the products into more real items
shorter time horizon: for example, could be 3-6 month horizon with weekly time buckets
example: steel (APP: acquiring steel, MRS: what to make out of it)
Material Requirements Planning (MRP) - Answer-Stage after MRS; extreme/precise
detail
Shop Floor Scheduling - Answer-actual production schedule (frameworks, algorithms)
Chase Plan - Answer-production and employees fluctuate, inventory is constant
want when: temporary workers are paid lower than full-time workers
wouldn't want when: employees require much on the job training
Level Plan - Answer-demand and inventory fluctuate, production and employees are
constant
want when: inventory storage is inexpensive and easily achieved, raw materials must be
determined well in advance of delivery
Stable Workforce Plan - Answer-number of hours worked fluctuate, employees are
constant (alter the hours they need to work) production varies
want when: employees are highly skilled
No Backorders - Answer-one of the months/time buckets will have an ending inventory
of zero
solve for 6 production plans: the highest production level is the solution to having no
backorders and minimum inventory
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