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• Question 1
4 out of 4 points
• Question 2
4 out of 4 points
• Question 3
4 out of 4 points Assume you have been assigned the task of identifying a level strategy aggregate production plan for the upcoming year. You have been informed that beginning inventory is 2, units, your plan should provide an ending inventory for the year equal to 500 units, and you have been provided the following forecasts of aggregate demand. What should be the planned rate of quarterly production? Selected Answer: 5,375 units Correct Answer: 5,375 units Answer Feedbac k: (pp. 295,[(6000 + 5500 + 5000 + 6500) + 500 - 2000]/4 = 5375) Aggregate planning is concerned with matching supply and demand of output over a short time range of 2 to 3 months. Selected Answer: False Correct Answer: False Answer Feedbac k: (pp. 285, Aggregate planning is medium-term capacity planning.) Measured by the mean absolute deviation, which of the forecast methods (1, 2 or 3) provides the highest degree of forecast accuracy for the five weeks of data shown below? Selected Answer: Methods 2 and 3 are equal Correct
Answer: Methods 2 and 3 are equal
• Question^7
4 out of 4 points
• Question 8
4 out of 4 points
• Question 9
4 out of 4 points
• Question 10
4 out of 4 points The forecasting techniques of exponential smoothing and moving average that have rapid response rates to changes in the mean level of demand have: Selected Answer: Large alpha values and a small number of periods in the moving average Correct Answer: Large alpha values and a small number of periods in the moving average Answer Feedbac k: (Figure 11.2 on pp. 249 and last paragraph on pp. 250 clearly illustrates why option "a" is the right response) A negative value of capacity cushion indicates that the average demand is less than the capacity available. Selected Answer: False Correct Answer: False Answer Feedbac k: (pp. 279-280, A negative value of capacity cushion indicates that the average demand is greater than the capacity available) Sales and Operations Planning (S&OP) is a stand-alone system that is used to match supply and demand using a cross-functional approach. Selected Answer: False Correct Answer: False Answer Feedbac k: (pp. 286, S&OP is not a standalone system. It is a key input into the ERP system) Factors that need to be considered when making facility- planning decisions include all of the following except:
• Question 11
4 out of 4 points
• Question^12
4 out of 4 points
• Question 13
4 out of 4 points Correct Answer: Purchased materials Answer Feedbac k: (pp. 279 - the fifth factor is likely behavior of competitors and not purchased materials) A supply chain refers to: Selected Answer: The design and management of processes across organizational boundaries to meet the real needs of the end customer Correct Answer: The design and management of processes across organizational boundaries to meet the real needs of the end customer Answer Feedbac k: (pp. 217 - SCM is the design and management of seamless value-added processes across organizational boundaries to meet the real needs of the end customer.) Which of the following statements concerning ISO 9000 is false? Selected Answer: An ISO 9000 registered company signifies the company produces items of the highest quality. Correct Answer: An ISO 9000 registered company signifies the company produces items of the highest quality. Answer Feedbac k: (pp. 169-170 - ISO 9000 does not provide a complete quality system because it does not address competitive strategy, information systems, and business results). The Box-Jenkins forecasting method is an example of a time series forecasting method.
Selected Answer: True Correct Answer: True
Answer (pp. 278 - the other four and where the facilities should be
• Question 17
4 out of 4 points
• Question 18
4 out of 4 points
• Question 19
4 out of 4 points Feedback: located are the five crucial questions entailing facilities planning) Outsourcing occurs when a firm moves work performed internally to another facility belonging to the same firm but in another country. Selected Answer: False Correct Answer: False Answer Feedbac k: (pp. 228 - this is off-shoring and not outsourcing) Using a three-period, weighted moving average forecast model with weights of 0.50, 0.40, and 0.10 (weights decline with the age of the demand observation), what would the forecast of demand be for the upcoming week 6 given the historical demands shown below? Selected Answer: 28.50 units Correct Answer: 28.50 units Answer Feedbac k: (pp. 248-249, F of period 6 = 31(0.5) + 25(0.4) + 30(0.1) = 28. Supplier certification means the supplier has control over the processes and can pass an ISO 9000 type of audit at the very least. Selected Answer: True Correct Answer: True Answer Feedback:
• Question 21
4 out of 4 points
• Question 22
4 out of 4 points
• Question 23
4 out of 4 points The four "costs of quality" include all of the following except: Selected Answer: supply chain failure costs Correct Answer: supply chain failure costs Answer Feedbac k: (See Table 8.4, pp. 175 - the other four comprise costs of quality) Which of the following is NOT a type of facility choice? Selected Answer: Material-focused Correct Answer: Material-focused. Answer Feedbac k: ( pp. 282 - the four types of facilities are product- based, market-focused, process-focused, and general-purpose) Utilization = Nominal Capacity/Output. Selected Answer: False Correct Answer: False Answer Feedbac k: (pp. 276, Utilization = ((Actual output/capacity) X 100%) Training is an example of appraisal costs. Selected Answer: False Correct Answer: False Answer Feedbac k: 4 out of 4 points
p p. 175 - Training is a component of prevention costs.)
• Question 24
