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business
operations and supply chain management the core
Questions and Answers of
Operations And Supply Chain Management The Core
The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows: Year 1 2 3 4 Cases of Wine 270 356 398 456 Year 567 8 Cases of Wine 358 500 410 376
What is the term for forecasts used for making day-to-day decisions about meeting demand?
What category of forecasting techniques uses managerial judgment in lieu of numerical data?
What forecasting technique makes use of written surveys or telephone interviews?
Which qualitative forecasting technique was developed to ensure the input from every participant in the process is weighted equally?
When forecasting demand for new products, sometimes firms will use demand data from similar existing products to help forecast demand for the new product. What technique is this an example of?
What do you think might be some barriers to the successful, effective use of the project management software packages discussed?
Draw a diagram of the process using the format in Exhibit 7.3
What about running the line at 300 units per day? If overtime were used with the engineer’s initial design, how much time would need to be run each day?
For the type of analysis done in this case, what are the key assumptions? What would be the impact on our analysis if these assumptions were not true?
Could this type of analysis be used for other service type businesses? Give examples to support your answer.
What are the “Three Ts” relevant to poke-yokes in service systems?
Distinguish between pure and mixed strategies in production planning.
What is the term for a more complex production strategy that combines approaches from more than one basis strategy?
List at least three of the four costs relevant to the aggregate production plan.
Which of the four costs relevant to aggregate production planning is the most difficult to accurately measure?
The widespread scientific application of yield management began within what industry?
Under what type of demand is yield management most effective?
In a yield management system, pricing differences must appear logical and justified to the customer. The basis for this justification is commonly called what?
The essence of yield management is the ability to manage what?
MRP is based on what type of demand?
Which scheduling process drives requirements in the MRP process?
What term is used to identify the difference between the number of units of an item listed on the master schedule and firm customer orders?
What are the three primary data sources used by the MRP system?
What is another common name for the bill-of-materials?
What is the process to ensure that all of the needs for a particular item are calculated at the same time in the MRP process?
What is the MRP term for the time periods used in planning?
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