Production Plan

A managerial statement of the period-by-period staff sizes and labour-related capacities, given customer requirements and capacity limitations.

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Find out the end balance in each month for the production plan in Q1

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If the carrying cost per period per unit is $10, then find out the inventory carrying cost for each period

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In order to maximize profit, a company must have all of the following objectives except:

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The inventory turns ratio measures:

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Process specifications can be best defined as a document which:

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A company's strategic plan:

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In which of the following manufacturing environments would consumer products, such as film, food, etc. be classified?

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A firm planned order is used to:

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In order to maximize profit, a company must have all of the following objectives except:

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All of the following conditions will trigger an exception message except:

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Which of the following demand fulfillment approaches typically provides the longest delivery time ?

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Which of the following is generally a characteristic of a product-focused layout ?

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Which of the following is generally a function of the physical distribution system ?

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Of the following choices, which would be the preferred method to minimize system nervousness?

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The inventory turns ratio measures:

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Many different end items are made from a small number of components. What manufacturing environment would this be?

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The purpose of a strategic business plan is to:

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Available capacity can be best described as:

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Forecasts are typically more accurate for the near future than they are for the longer future. This occurs because

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Aggregate inventory management is concerned with:

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A forecast is typically more accurate for

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An anticipated build schedule can be BEST described as

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Government regulations majorly apply to areas as:

A. Environment and taxation
B. Product liability and safety
C. Population growth

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Customer requirements may be based on price, quality, delivery and so forth are called:

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the price for a certain type of product must full within a range for the
suppliers to be considered .but being considered does not mean winning the order. so win orders a supplier must have characteristics that encourage customers to choose its products and services over competitors. Those competitive characteristics, or combination of characteristics are called
 

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It is virtually impossible to be the best in every dimension of competition. Firms should in general:

A. Strive to provide at least minimum level of acceptance for each of the order qualifiers
B. Should try to be the best in the market for the order winners.
C. Should keep in mind the pace of change

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Which of the following are objectives of inventory?
I. Maximize customer service
II. Efficient transaction
III. Low cost plan operations
IV. Minimum inventory investment
 

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Which of the following would be included in the cost of carrying inventory?
I. Heating and lighting a warehouse
II. Obsolete inventory
III. Labor to move material
IV. Damaged inventory
 

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Which of the following best describes a normal distribution?

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Which of the following is MOST likely to be a dependent demand item ?

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Which of the following manufactured product types are BEST suited for flow manufacturing ?

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The master production schedule is generally a direct input to

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Life cycle approach for identifying order winners and qualifiers is complicated in that:

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Which one of the following is a basic strategy to achieve the level of shortest lead time?

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This below pic shows the the situation of lead time strategy in case of:

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Based on the following information, what would the safety stock need to be to ensure product is in stock 99.9999% of the time?
MAD = 100
On hand = 200
Weekly demand = 400
 

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In most companies, material purchases represent what percentage of the cost of the product?

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As 1980 gave way to the 1990 the world continued to change, forcing additional changes in supply-chain concepts. All of the following statements depict those changes EXCEPT:

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A company needs to produce 4000 units over the next two months. There are 21working days in the first month and 19 working days in the second month. What must the daily rate be with a level strategy ?

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The portion of a company's inventory and planned production which is not already committed is

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To result in optimal performance for customer service and cost, it is felt that the supply chain of activities as an extension of partnership. This implies many issues, but critical one/s include/includes:

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Which of the following does Capacity Requirements Planning shows the feasibility for?

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The role of central supply in a decentralized distribution system is to

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In the Theory of Constraints (TOC) the rope refers to

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For master production scheduling, the minimum planning horizon is equal to the

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What type of inventory category is for items used in production that do not become a part of the product?

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Just in Time philosophy is

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The primary reason for a time fence is to

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The setup time for an operation is two hours and the run time is 10 minutes per piece. The scheduled operation time for 100 units is

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Aggregate inventory management is concerned with:

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Which of the following best describes a normal distribution?

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A company wants to store 15,000 cartons with 20 cartons on each pallet. The warehouse is set up to store pallets 5 high. How many pallet positions are needed?

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All of the following are basic grouping methods to store and locate stock in a warehouse except:

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Material requirements planning (MRP) schedules a planned order receipt when

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A firm planned order is used to

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It should be recognized that order winners and qualifiers for any product market combination are not static. not only will customers change perspectives as competitors jokey for position but the order winners and qualifiers will often change based on the concepts of:

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To get most profit, a company must have:

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Consumer products such as food, toiletries, etc. are classified under what manufacturing environment?

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Which document describes the steps needed to produce the end item?

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The actual movement of goods from production to the end customer is known as:

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Which of the following best describes throughput?

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When a company has taken on total employee involvement, what is the supervisor's primary responsibility?

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All of the following are objectives of inventory EXCEPT:

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When a distribution center places orders from a central supply location as needed, this is known as:

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Which of the following is most likely to be a dependent demand item?

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Which of the following best describes a market boundary?

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In regards to Just-in-time philosophy, which of the following statements best embodies its purpose?

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The channel in which goods are moved describes:

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A company's income statement will show which of the following?

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What is the main reason a company creates a strategic business plan?

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When considering trucking, which of the following statements best portrays the right time to use this transportation mode?

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The ABC approach to inventory control is best described by which of the following?

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Which of the following is most likely to be an independent demand item?

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Forecasts will always have a significant margin of error yet they are still used in business. Why is this so?

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Which of the following best describes a normal distribution?

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If a company needs to quickly increase production to meet a customer request, what is the easiest way to accomplish this?

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When discussing supply chain concepts, what are the three basic elements?

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The annual cost of goods sold for an organization is $48 million and the average inventory is $10 million. If the company wanted to reduce its annual inventory turns to 12, how much would the average inventory need to be reduced?

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The link between production planning and what manufacturing actually builds is called the:

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The "frozen" zone within the time fence is usually:

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As a planning process, which of the following would have the highest level of detail?

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Development of a strategic business plan is the responsibility of which of the following groups?

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For a sales and operations planning process, which of the following would most likely be the level of detail used?

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Which of the following best describes the term load?

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When no common unit of measure can be found for measuring capacity, which of the following would be used?

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In the context of capacity, which of the following best describes the term unit of output?

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Which of the following describes the strategic advantage of capacity planning?

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If a company is using backward scheduling to schedule manufacturing, which of the following is used as the first date to determine the schedule?

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Which of the following equals manufacturing lead time?

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Which of the following would best describe the purpose of a shop calendar?

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Which of the following would best describe the term standard time?

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Which of the following would best describe the term standard time?

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Which of the following best describes a planning bill

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The MRP system has given you, the planner, the message, " Expedite Order 45367" which happens to be for a purchased part. You should:

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Action to correct for changed conditions should occur as low in the product structure as possible. This is called:

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A Final Assembly Schedule only takes place when:

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The quantity calculated as available-to-promise really is meant to answer the question:

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The process of communicating start and completion dates to manufacturing departments is called:

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The primary method of communicating start and completion dates to the manufacturing departments is the:

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Which of the following would best describe the technique known as input/output control?

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In a forward scheduling process, the scheduler is trying to determine the:

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A work center can be described as a bottleneck work center. Based on this fact which of the following is true regarding this work center?

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Suppose a manufacturer makes tables consisting of a top, four legs and two cross bars to support the table. Demand for the table is 600 per week. The table top fabricating capacity is 650 per week, the leg department can fabricate 2000 legs per week and the cross bar assembly department has a capacity of 1400 crossbars per week. What is the capacity of the factory?

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Utilization of a non-bottleneck resource is determined by:

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To increase the throughput of a factory, the industrial engineers have made recommendations which will increase the capacity of a non-bottleneck resource by 40%. What impact will this change have in the throughput of the factory?

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Which of the following rules should be used when managing bottlenecks?

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A company uses a critical ratio to determine the priority of jobs remaining in the factory. Currently job A-2578 at Work Center 110 is showing a critical ratio of .8. The job is:

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Which of the following BEST describes a Kanban system ?

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The master production schedule (MPS) is

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What is the major disadvantage of a fixed location warehouse ?

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The balance sheet for a firm shows which of the following ?

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Which of the following links product family planning and component planning ?

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A pegging report is used to

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To increase the throughput of a factory, the industrial engineers have made recommendations which will increase the capacity of a non-bottleneck resource by 40%. What impact will this change have in the throughput of the factory ?

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Which of the following production processes is MOST appropriate for high-volume bulk products ?

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Which of the following detects bias in a forecast model ?