Mgsc 395 - Study guides, Class notes & Summaries

MGSC 395 Final Exam Concept Questions

MGSC 395 Exam 1 University Of South Carolina Questions And Answers

MGSC 395 Final Exam Concept Questions

MGSC 395 EXAM 1 STUDY GUIDE LATEST 2024 SOLUTIONS RATED A.

ABC Analysis - CORRECT ANSWER-The process of dividing SKUs into three classes, according to their dollar usage, so that managers can focus on items that have the highest dollar value. Additive Seasonal Method - CORRECT ANSWER-A method in which seasonal forecasts are generated by adding a constant to the estimate of average demand per season. Aggregation - CORRECT ANSWER-The act of clustering several similar services or products so that forecasts and plans can be made for whole families. ...

Capacity - CORRECT ANSWER-The max rate of output of a process or system What do long-term capacity plans involve? - CORRECT ANSWER-Investments in new facilities and equip at the organizational level, and require top mgmt participation and approval bc they are not easily reversed When choosing a capacity strategy, what do managers need to consider? - CORRECT ANSWER-How much of a cushion is needed for variable demand & should we expand capacity ahead of demand or wait until demand is more c...

MGSC 395 Final Exam Questions And Answers With Verified Study Tests MGSC 395 Final Exam Questions And Answers With Verified Study Tests

MGSC 395 Exam 2 with correct Answers

demand forecasting is used as the basis for all planning, up and down the organization demand forecasting is one of the critical inputs into business success Financial plans plans for the year(s) – The demand is the basis for the business plan and drives nearly all other categories investment plans Given the business plan and given the projected demand, where do we need to invest? Should we grow the bottleneck? Should we develop new products? Etc. Number of people Based on the deman...