Advanced Planning, Inventory Management, and
Supply Chain Optimization: Key Concepts and
Applications
Which of the following is not a theoretical factor of forecasting?
Amount
Trend
Cyclical
Seasonal - ✔✔Amount
Advanced planning and scheduling (APS) facilitates improvements in customer service by .
a. reducing the time to make accurate commitments to customers
b. reducing inventory levels
c. improving resource allocation
d. none of the above - ✔✔reducing the time to make accurate commitments to customers
Which of the following is not a benefit of sales and operations planning?
a.The S&OP process eliminates the need to have finished goods inventory.
b. The S&OP process results in better customer service.
c. The S&OP process provides better visibility into future capacity problems.
d. The S&OP process provides a single set of numbers to run the business. - ✔✔The S&OP process
eliminates the need to have finished goods inventory.
When planning for an increase in production, APS helps to .
a. determine what is best for the customer
b. identify and calculate the cost of strategic options
,c. determine what is best for suppliers
d. Both determine what is best for the customer and identify and calculate the cost of strategic options
are correct - ✔✔Both determine what is best for the customer and identify and calculate the cost of
strategic options are correct
What does the R stand for in CPFR?
a. repeat
b. replenish
c. re-evaluate
d. re-design - ✔✔replenish
Which of the following is not a reason for increased importance of S&OP?
a. increased capacity.
b. Lesser variance of products.
c.Strategies are simplified.
d.Precise demands by key customers. - ✔✔Precise demands by key customers.
Promotions such as "buy one get one free" are somewhat risky in terms of forecasting. Why?
a.Increases likelihood of competition.
b. Could decrease future sales.
c. Decreases perceived value of regular-price items.
d. Gives the impression of a struggling company. - ✔✔Could decrease future sales.
In a situation where there are low economies of scale and a long response time, the supply chain
strategy should focus on .
a.an accurate short-term forecast with strong tactics and less consideration of history
b.production flexibility since detailed and accurate forecasting is not of critical importance
c.responsiveness at the expense of forecast accuracy
d.both forecast accuracy and responsiveness because they are equally important - ✔✔production
flexibility since detailed and accurate forecasting is not of critical importance
, Which of the following optimizes resources to move materials and goods within supply chains to
minimize cost while meeting deadline constraints?
a. Supply chain planning.
b. Factory planning.
c.Distribution planning.
d.Transportation planning. - ✔✔Transportation planning.
Which of the following is not a benefit that is offered by advanced planning and scheduling (APS)?
a. Improved customer service with lower inventory.
b. Better utilization of existing capacity.
c. Improved forecast accuracy.
d. Better relationships with suppliers. - ✔✔Improved forecast accuracy.
Which of the following is not a stage in the S&OP maturity model?
a. reacting
b. anticipating
c. competing
d. orchestrating - ✔✔competing
The optimization module of an advanced planning and scheduling (APS) system .
a.develops the requirement projections for the planning horizon
b.defines and coordinates supply chain system resources and constraints
c.is the computational engine of the supply chain planning system
d.specifies the resource assignments and communicates them to the ERP system - ✔✔is the
computational engine of the supply chain planning system
Which of the following is not input needed for an APS?
a.Current inventories.
Supply Chain Optimization: Key Concepts and
Applications
Which of the following is not a theoretical factor of forecasting?
Amount
Trend
Cyclical
Seasonal - ✔✔Amount
Advanced planning and scheduling (APS) facilitates improvements in customer service by .
a. reducing the time to make accurate commitments to customers
b. reducing inventory levels
c. improving resource allocation
d. none of the above - ✔✔reducing the time to make accurate commitments to customers
Which of the following is not a benefit of sales and operations planning?
a.The S&OP process eliminates the need to have finished goods inventory.
b. The S&OP process results in better customer service.
c. The S&OP process provides better visibility into future capacity problems.
d. The S&OP process provides a single set of numbers to run the business. - ✔✔The S&OP process
eliminates the need to have finished goods inventory.
When planning for an increase in production, APS helps to .
a. determine what is best for the customer
b. identify and calculate the cost of strategic options
,c. determine what is best for suppliers
d. Both determine what is best for the customer and identify and calculate the cost of strategic options
are correct - ✔✔Both determine what is best for the customer and identify and calculate the cost of
strategic options are correct
What does the R stand for in CPFR?
a. repeat
b. replenish
c. re-evaluate
d. re-design - ✔✔replenish
Which of the following is not a reason for increased importance of S&OP?
a. increased capacity.
b. Lesser variance of products.
c.Strategies are simplified.
d.Precise demands by key customers. - ✔✔Precise demands by key customers.
Promotions such as "buy one get one free" are somewhat risky in terms of forecasting. Why?
a.Increases likelihood of competition.
b. Could decrease future sales.
c. Decreases perceived value of regular-price items.
d. Gives the impression of a struggling company. - ✔✔Could decrease future sales.
In a situation where there are low economies of scale and a long response time, the supply chain
strategy should focus on .
a.an accurate short-term forecast with strong tactics and less consideration of history
b.production flexibility since detailed and accurate forecasting is not of critical importance
c.responsiveness at the expense of forecast accuracy
d.both forecast accuracy and responsiveness because they are equally important - ✔✔production
flexibility since detailed and accurate forecasting is not of critical importance
, Which of the following optimizes resources to move materials and goods within supply chains to
minimize cost while meeting deadline constraints?
a. Supply chain planning.
b. Factory planning.
c.Distribution planning.
d.Transportation planning. - ✔✔Transportation planning.
Which of the following is not a benefit that is offered by advanced planning and scheduling (APS)?
a. Improved customer service with lower inventory.
b. Better utilization of existing capacity.
c. Improved forecast accuracy.
d. Better relationships with suppliers. - ✔✔Improved forecast accuracy.
Which of the following is not a stage in the S&OP maturity model?
a. reacting
b. anticipating
c. competing
d. orchestrating - ✔✔competing
The optimization module of an advanced planning and scheduling (APS) system .
a.develops the requirement projections for the planning horizon
b.defines and coordinates supply chain system resources and constraints
c.is the computational engine of the supply chain planning system
d.specifies the resource assignments and communicates them to the ERP system - ✔✔is the
computational engine of the supply chain planning system
Which of the following is not input needed for an APS?
a.Current inventories.
