Questions and Answers of Supply Chain Management 2nd

What two basic questions must be answered by an inventory control decision rule?1002W
“The nice thing about inventory models is that you can pull one off the shelf and apply it so long as your cost estimates are accurate.” Comment.1002W
When cycle counting inventory, why do experts recommend a lower acceptable error tolerance for A items than B or C items?1002W
What is the term used to refer to inventory while in distribution—that is, being moved within the supply chain?1002W
Almost certainly you have seen vending machines being serviced on your campus and elsewhere. On a predetermined schedule, the vending company checks each machine and fills it with various products.
Famous Albert prides himself on being the Cookie King of the West. Small, freshly baked cookies are the specialty of his shop. Famous Albert has asked for help to determine the number of cookies he
Ray’s Satellite Emporium wishes to determine the best order size for its best-selling satellite dish (Model TS111). Ray has estimated the annual demand for this model at 1,000 units. His cost to
What company is the largest ERP vendor?LO17-2
Is it true that, for an ERP system to be effective, it must be completely purchased from a single vendor?LO17-2
Which common ERP module category is typically the largest and most complex? (Answer in Appendix E)LO17-2
What part of SAP gives users personalized access to a range of information, applications, and services supported by the system?LO17-2
A term used for delivering ERP services on demand over the Internet.LO17-2
What recent changes have caused supply chain management to gain importance?LO16-2
Describe the differences between functional and innovative products.LO16-2
What term refers to the development and management of supplier relationships in order to acquire goods and services in a way that helps achieve the immediate needs of a business?LO16-2
What is the term used for the act of moving some of a company’s internal activities and decision-making processes to outside providers?LO16-2
Evaluate the current China/Taiwan logistics costs. Assume a current total volume of 190,000 CBM and that 89 percent is shipped direct from the supplier plants in containers. Use the data from the
Products with short life cycles and typically high profit margins.LO16-2
A supply chain that must deal with high levels of both supply and demand uncertainty.LO16-2
What is the first of the three simple steps in the high-level view of manufacturing?LO7-2
The following diagram represents a process where two components are made at stations A1 and A2 (one component is made at A1 and the other at A2). These components are then assembled at station B and
What is capacity balance? Why is it hard to achieve? What methods are used to deal with capacity imbalances?TW-1
Explain the need for time fences in the master production schedule.LO21-2 10001w
The MRP gross requirements for item A are shown here for the next 10 weeks. Lead time for A is three weeks and setup cost is$10. There is a carrying cost of $0.01 per unit per week. Beginning
Initially, assume that Phil wants to minimize his inventory requirements. Assume that each order will be only for what is required for a single period. Using the following forms, calculate the net
What is the term for a more complex production strategy that combines approaches from more than one basic strategy?W101
Plan production for the next year. The demand forecast is:spring, 20,000; summer, 10,000; fall, 15,000; winter, 18,000. At the beginning of spring you have 70 workers and 1,000 units in inventory.
Develop a production schedule to produce the exact production requirements by varying the workforce size for the following problem. Also, evaluate the cost of the schedule. Use the example in the
The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows.Year Cases of Merlot Wine 1 270 2 356 3 398 4 456 5 358 6 500 7 410 8 376 Using an exponential
Historical demand for a product is as follows.Demand April 60 May 55 June 75 July 60 August 80 September 75a. Using a simple four-month moving average, calculate a forecast for October.b. Using
The tracking signals computed using past demand history for three different products are as follows. Each product used the same forecasting technique.TS 1 TS 2 TS 3 1 −2.70 1.54 0.10 2 −2.32
Here are the actual tabulated demands for an item for a nine-month period (January through September).Your supervisor wants to test two forecasting methods to see which method was better over this
Harlen Industries has a simple forecasting model: Take the actual demand for the same month last year and divide that by the number of fractional weeks in that month. This gives the average weekly
In this problem, you are to test the validity of your forecasting model. Here are the forecasts for a model you have been using and the actual demands that occurred:Week Forecast Actual 1 800 900 2
The following table shows predicted product demand using your particular forecasting method along with the actual demand that occurred. (Answers in Appendix E)Forecast Actual 1,500 1,550 1,400 1,500
After using your forecasting model for six months, you decide to test it using MAD and a tracking signal.Here are the forecast and actual demands for the six-month period:Period Forecast Actual May
The sales data for two years are as follows. Data are aggregated with two months of sales in each “period.”Months Sales Months Sales January–February March–April May–June July–August
The following table shows the past two years of quarterly sales information. Assume that there are both trend and seasonal factors and that the seasonal cycle is one year. Use regression and seasonal
Use regression analysis and seasonal indexes to forecast next summer’s demand, given the following historical demand data.Year Season Actual Demand 2 years ago Spring 205 Summer 140 Fall 375 Winter
Mark Price, the new productions manager for Speakers and Company, needs to find out which variable most affects the demand for their line of stereo speakers. He is uncertain whether the unit price of
Understand what a learning curve is and where learning curves are applicable.TW-1
Plot and analyze learning curves.TW-1
Compare the impact of learning on different industries.TW-1
What capacity problems are encountered when a new drug is introduced to the market?TW-1
List some practical limits to economies of scale. In other words, when should a plant stop growing?TW-1
Management may choose to build up capacity in anticipation of demand or in response to developing demand. Cite the advantages and disadvantages of both approaches.TW-1
A manufacturing shop is designed to operate most efficiently at an output of 550 units per day. In the past month, the plant averaged 490 units per day. What was its capacity utilization rate last
Explain what material requirements planning (MRP) is.10001w
Understand how the MRP system is structured.10001w
Analyze an MRP problem.10001w
Evaluate and compare MRP lot-sizing techniques.10001w
What do we mean when we say that MRP is based on dependent demand?10001w
Discuss the importance of the master production schedule in an MRP system.10001w
MRP just prepares shopping lists. It does not do the shopping or cook the dinner.” Comment.10001w
What are the sources of demand in an MRP system? Are these dependent or independent, and how are they used as inputs to the system?10001w
State the types of data that would be carried in the bill-of-materials file and the inventory record file.10001w
Discuss the meaning of MRP terms such as planned order release and scheduled order receipt.10001w
Why is the MRP process referred to as an “explosion”?10001w
Many practitioners currently update MRP weekly or biweekly.Would it be more valuable if it were updated daily? Discuss.10001w
Should safety stock be necessary in an MRP system with dependent demand? If so, why? If not, why do firms carry it anyway?10001w
Contrast the significance of the term lead time in the traditional EOQ context and in an MRP system.LO21-4
Planning orders using a lot-for-lot (L4L) technique is commonly done because it is simple and intuitive. It also helps minimize holding costs because you are only ordering what is needed when it is
What is meant when we say that the least total cost (LTC) and least unit cost (LUC) methods are dynamic lot-sizing techniques?10001w
Match the industry type to the expected benefits from an MRP system as High, Medium, or Low.Industry Type Expected Benefit (High, Medium, or Low)Assemble-tostock Assemble-toorder Make-to-stock
MRP is based on what type of demand?10001w
Which scheduling process drives requirements in the MRP process?10001w
What term is used to identify the difference between the number of units of an item listed on the master schedule and the number of firm customer orders?LO21-2
What are the three primary data sources used by the MRP system?10001w
What is another common name for the bill-of-materials?10001w
What is the process used to ensure that all of the needs for a particular item are calculated at the same time in the MRP process?10001w
What is the MRP term for the time periods used in planning?10001w
Semans is a manufacturer that produces bracket assemblies.Demand for bracket assemblies (X) is 130 units. The following is the BOM in indented form:Item Description Usage X Bracket assembly 1 A Wall
In the following MRP planning schedule for item J, indicate the correct net requirements, planned-order receipts, and planned-order releases to meet the gross requirements. Lead time is one week.Week
Assume that product Z is made of two units of A and four units of B. A is made of three units of C and four of D. D is made of two units of E.Lead times for the purchase or fabrication of each unit
The MRP gross requirements for item X are shown here for the next 10 weeks. Lead time for A is two weeks, and setup cost is $9.There is a carrying cost of $0.02 per unit per week. Beginning inventory
Phil would like to consider the costs that his accountants are currently using for inventory carrying and setup for the gear boxes and input shafts. These costs are as follows:Part Cost Gear Box
Find a better schedule by reducing the number of orders and carrying some inventory. What are the cost savings with this new schedule?10001w
Logic used to calculate the needed parts, components, and other materials needed to produce an end item.10001w
This drives the MRP calculations and is a detailed plan for how we expect to meet demand.10001w
Period of time during which a customer has a specified level of opportunity to make changes.10001w
This identifies the specific materials used to make each item and the correct quantities of each.10001w
If an item is used in two places in a bill-of-materials, say level 3 and level 4, what low-level code would be assigned to the item?10001w
One unit of part C is used in item A and in item B. Currently, we have 10 As, 20 Bs, and 100 Cs in inventory. We want to ship 60 As and 70 Bs. How many additional Cs do we need to purchase?10001w
These are orders that have already been released and are to arrive in the future.10001w
This is the total amount required for a particular item.10001w
This is the amount needed after considering what we currently have in inventory and what we expect to arrive in the future.10001w
The planned-order receipt and planned-order release are offset by this amount of time.10001w
These are the part quantities issued in the planned-order release section of an MRP report.10001w
The term for ordering exactly what is needed each period without regard to economic considerations.10001w
None of the techniques for determining order quantity consider this important noneconomic factor that could make the order quantity infeasible.10001w
Understand the characteristics of service processes.LO9-3
Explain how service systems are organized.LO9-3
Analyze simple service systems.LO9-3
Contrast different service designs.LO9-3
Understand health care operations and contrast these operations to manufacturing and service operations.LO9-3
Exemplify performance measures used in health care.LO9-3
Illustrate future trends in health care.LO9-3
What is the service package of your college or university?LO9-3
Relative to the behavioral science discussion, what practical advice do you have for a hotel manager to enhance the ending of a guest’s stay in the hotel?LO9-3
List some occupations or sporting events where the ending is a dominant element in evaluating success.LO9-3

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