OPM 311 - OPERATIONS
MANAGEMENT (BINGHAMTON
UNIVERSITY) EXAM I QUESTIONS
WITH COMPLETE SOLUTIONS!!
1 of 95
Term
Why shouldn't top management planning forecast detail be planned
at SKU level detail?
Give this one a try later!
Product family forecasts have
characteristics where lines Top management should ignore
cross for highest levels of product families altogether
accuracy and detail
, SKU level detail is always the Forecasting should only focus on
most accurate individual products
Don't know?
2 of 95
Definition
The area of logistics that involves bringing goods back to the
manufacturer because of defects or for recycling materials.
Give this one a try later!
Inbound logistics Inventory management
Reverse logistics Warehousing
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3 of 95
Term
What was toilet paper in the COVID-19 pandemic an example of?
A. Unavailability of raw materials
B.Lack of overall capacity in the toilet paper manufacturing market
, C. Mix issues creating demand spikes
D.Pandemic characteristics of the virus cause more demand
Give this one a try later!
B. True.
1. Financial
2.Societal C.
3. Environmental
Don't know?
4 of 95
Term
Four ways that forecasting can be made more accurate
Give this one a try later!
1. Quality, Process, or Manufacturing Engineering
2.Purchasing
3. Materials
4. Inventory Planning
5. Logistics
6.Warehousing
7.Production Management
, 1. Financial
2.Societal
3. Environmental
1. Using a shorter time horizon
2. Aggregating to product families or locations
3. Using multiple sources of information
4. Gathering data closer to the customer
Its a technique that enables management to review and adjust forecasts made at
an aggregate level and to keep lower level forecasts in balance.
Don't know?
5 of 95
Definition
necessary attributes that allow a firm to enter into and compete in a
market
Give this one a try later!
Order quantity Order purchase
Mission Order qualifier
Don't know?
MANAGEMENT (BINGHAMTON
UNIVERSITY) EXAM I QUESTIONS
WITH COMPLETE SOLUTIONS!!
1 of 95
Term
Why shouldn't top management planning forecast detail be planned
at SKU level detail?
Give this one a try later!
Product family forecasts have
characteristics where lines Top management should ignore
cross for highest levels of product families altogether
accuracy and detail
, SKU level detail is always the Forecasting should only focus on
most accurate individual products
Don't know?
2 of 95
Definition
The area of logistics that involves bringing goods back to the
manufacturer because of defects or for recycling materials.
Give this one a try later!
Inbound logistics Inventory management
Reverse logistics Warehousing
Don't know?
3 of 95
Term
What was toilet paper in the COVID-19 pandemic an example of?
A. Unavailability of raw materials
B.Lack of overall capacity in the toilet paper manufacturing market
, C. Mix issues creating demand spikes
D.Pandemic characteristics of the virus cause more demand
Give this one a try later!
B. True.
1. Financial
2.Societal C.
3. Environmental
Don't know?
4 of 95
Term
Four ways that forecasting can be made more accurate
Give this one a try later!
1. Quality, Process, or Manufacturing Engineering
2.Purchasing
3. Materials
4. Inventory Planning
5. Logistics
6.Warehousing
7.Production Management
, 1. Financial
2.Societal
3. Environmental
1. Using a shorter time horizon
2. Aggregating to product families or locations
3. Using multiple sources of information
4. Gathering data closer to the customer
Its a technique that enables management to review and adjust forecasts made at
an aggregate level and to keep lower level forecasts in balance.
Don't know?
5 of 95
Definition
necessary attributes that allow a firm to enter into and compete in a
market
Give this one a try later!
Order quantity Order purchase
Mission Order qualifier
Don't know?
