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SCM 303 exam 3 msu |Questions with 100% Correct Answers
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SCM 303 exam 3 msu |Questions with 100%Correct Answers
aggregate production plan - ✔️✔️specifies the production rates, inventory, employment levels,
backlogs, possible subcontracting, and other resources need to meet the sales plan
rolling planning horizons - ✔️✔️re plan each periods month of quarter for a given number of
periods into the future
level production strategy - ✔️✔️the firm produces at aconstant rate over the year
chase strategy - ✔️✔️the production rate is changed in each period to match the amount
ofexpected demand
mixed or hybrid strategy - ✔️✔️a strategy that includes some leements of level production and
some elements of chase production strategies.
yield management - ✔️✔️a process that adjusts prices as demand for a service occurs
independant demand - ✔️✔️demand that is created by customers
dependant demand - ✔️✔️demand that depends upon decisions made by internal operation
managers.
materials requirnment planning - ✔️✔️a planning system used to ensure the right quantities of
materials areavailabl when needed
master production schedule MPS - ✔️✔️the quantities of each finished product to be completed
each period
, time bucket - ✔️✔️the individual time period for planning
planning horizon - ✔️✔️the entire time period covered by the MPS
cumulative lead time - ✔️✔️the longest lead time path in the BOM
available to promise - ✔️✔️the part of planned production that is not committed to acustomer
rough cut capacity planning - ✔️✔️an estimation of the availability of the critical resources
needed to support the MPS
Bill of materials - ✔️✔️a detailed description of an end item and list of all of its raw materials
parts and subassemblies
inventory status file - ✔️✔️a file that contains detailed inventory and procurement records
scheduled receipts - ✔️✔️the auqntity that has been ordered but not yet recieved
lot for lot - ✔️✔️an order for thexact amount needed
fixord order quantity - ✔️✔️an order for the same amoun each time
periodic order quantity - ✔️✔️an order for an amount that covers a fixed period of time
requirnments explosion - ✔️✔️the determination of how many additional unites are needed
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