Question 1 of 10
Which of the following is an engineering document that shows an inclusive listing of all the component parts and assemblies making up the final product?
- Question 2 of 10Master Production Schedule
- Bill of Materials
- Distribution Requirement Plan
- Resource Requirement Plan
Your company is conducting forecasting that revolves around the current recession and expansion of the U.S. economy. This type of forecasting can be referred to as what component of a time series?
- Cyclical Variations
- Trend Variations
- Seasonal Variations
- Random Variations
Question 3 of 10
Lead Capacity Strategy is a proactive approach that adds or subtracts capacity in anticipation of future market conditions and demand.
Question 4 of 10
An ERP system is generally a multi-module application software for managing an enterprise’s internal functional activities, as well as its suppliers and customers.
Question 5 of 10
One of the goals of an effective CPFR system is to minimize the negative impacts of the bullwhip effect on supply chains.
Question 6 of 10
The term Cycle Counting is synonymous with physically counting inventory.
Question 7 of 10
CPFR is more likely to succeed if companies educate their employees on the benefits of the process changes and the disadvantages of maintaining the status quo.
Question 8 of 10
A firm should always run its operations at 100 percent capacity to ensure changes affecting demand can be met.
Question 9 of 10
Associative forecasting methods are based on opinions and intuition.
Question 10 of 10
The three basic production strategies for addressing the aggregate planning problem are the chase production strategy, the level production strategy, and the mixed production strategy.