MGMT 339 FINAL EXAM - CSUF | QUESTIONS AND ANSWERS |
SOLVED 100% CORRECT.
Aggregate Planning - (answer)to give management an idea of what quantity of materials to be procured
and when
Disaggregation - (answer)analytic disassembly which have been aggregated (lumped together)
Master Production Schedule (MPS) - (answer)a timetable that specifies what is to be made and when
Rough-cut Capacity Planning - (answer)verifies sufficient capacity available to meet requirements for
MPS
time fences - (answer)points in time that separate phases of a master schedule planning horizon
Inputs - (answer)the resources—such as labor, money, materials, and energy—that are converted
through a process
beginning inventory, forecast, customer orders
Outputs - (answer)projected inventory, MPS, uncommitted inventory
Available to Promise (ATP) - (answer)planned production not already committed to a customer
inventory available for request product
uncommitted inventory
customer service feature
Dependent Demand - (answer)demand for items that are subassemblies or component parts to be used
in the production of finished goods
, MGMT 339 FINAL EXAM - CSUF | QUESTIONS AND ANSWERS |
SOLVED 100% CORRECT.
Material Requirements Planning (MRP) - (answer)a planning system that schedules the precise quantity
of materials needed to make the product
Master Schedule - (answer)determines supply quantity required to meet demand.
cumulative lead time - (answer)The sum of the lead times that sequential phases of a process require,
from ordering of parts or raw materials to completion of final assembly.
Bill of Materials (BOM) - (answer)One of the three primary inputs of MRP; a listing of all of the raw
materials, parts, subassemblies, and assemblies needed to produce one unit of a product.
Inventory Records - (answer)identify the type and number of products on hand for sale
lot sizing - (answer)the determination of how frequently and in what quantity to order inventory
Backflushing - (answer)a technique that automatically records the goods issue when the order is
confirmed
ERP (Enterprise Resource Planning) - (answer)Integration of financial, manufacturing, and human
resources in a single database.
8 functions of inventory - (answer)1. Anticipate customer demand
2. Smooth seasonal requirements
3. Decouple operations with buffers
4. Protect against stock-outs
5. Cycle stock - lot sizing
6. Hedge against price increases
SOLVED 100% CORRECT.
Aggregate Planning - (answer)to give management an idea of what quantity of materials to be procured
and when
Disaggregation - (answer)analytic disassembly which have been aggregated (lumped together)
Master Production Schedule (MPS) - (answer)a timetable that specifies what is to be made and when
Rough-cut Capacity Planning - (answer)verifies sufficient capacity available to meet requirements for
MPS
time fences - (answer)points in time that separate phases of a master schedule planning horizon
Inputs - (answer)the resources—such as labor, money, materials, and energy—that are converted
through a process
beginning inventory, forecast, customer orders
Outputs - (answer)projected inventory, MPS, uncommitted inventory
Available to Promise (ATP) - (answer)planned production not already committed to a customer
inventory available for request product
uncommitted inventory
customer service feature
Dependent Demand - (answer)demand for items that are subassemblies or component parts to be used
in the production of finished goods
, MGMT 339 FINAL EXAM - CSUF | QUESTIONS AND ANSWERS |
SOLVED 100% CORRECT.
Material Requirements Planning (MRP) - (answer)a planning system that schedules the precise quantity
of materials needed to make the product
Master Schedule - (answer)determines supply quantity required to meet demand.
cumulative lead time - (answer)The sum of the lead times that sequential phases of a process require,
from ordering of parts or raw materials to completion of final assembly.
Bill of Materials (BOM) - (answer)One of the three primary inputs of MRP; a listing of all of the raw
materials, parts, subassemblies, and assemblies needed to produce one unit of a product.
Inventory Records - (answer)identify the type and number of products on hand for sale
lot sizing - (answer)the determination of how frequently and in what quantity to order inventory
Backflushing - (answer)a technique that automatically records the goods issue when the order is
confirmed
ERP (Enterprise Resource Planning) - (answer)Integration of financial, manufacturing, and human
resources in a single database.
8 functions of inventory - (answer)1. Anticipate customer demand
2. Smooth seasonal requirements
3. Decouple operations with buffers
4. Protect against stock-outs
5. Cycle stock - lot sizing
6. Hedge against price increases
