Operations & Supply Chain Management | Chapter 3 | Part 1 | MBA MCQs | OSM
Operations and Supply Chain Management MCQs
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- Critical resources in rough-cut capacity planning include:
- All of the
above - Labor
- Critical materials
- Bottle-neck
operations
- All of the
- ______ must satisfy the demands of the marketplace. It does so by using plants,machinery, equipment, labor, and materials as efficiently as possible
- Engineering
- Finance
- Marketing
- Production
- The near future holds _____ uncertainty than (as) the far future.
- all of the above
- the same
- more
- Less
- Products likely to have seasonal or periodic demand patterns include:
- Milk and meat
- Toilet paper and paper towels
- Toothpaste and deodorant
- Skis and lawnmowers
- It is possible to increase the available capacity by
- Rerouting
away from
other work
centers - Using fewer workers
- Scheduling overtime
- Limiting subcontracting
- Rerouting
- _______ is the capability of manufacturing to produce goods and services.
- Priority
- Capacity
- Control
- Planning
- _______________ techniques are projections based on judgment, intuition, and informed opinions.
- Qualitative forecasting
- Extrinsic forecasting
- Quantitative forecasting
- Intrinsic forecasting
- The information needed to develop an MPR includes:
- Forecasts for individual end items
- All of the above
- Actual orders received from customers and for stock replenishments.
- The production plan
- _______________ occurs when a customer's order is received
- Order
processing - Random variation
- Forecasting
- Demand
management
- Order
- The Delphi method:
- Uses historical data to forecast demand
- Uses economic indicators, such as housing starts and gasoline consumption, to forecast demand
- Consists of projections based on external indicators that relate to the demand for a company's products
- Uses a panel of experts who give their opinion on what is likely to happen
- Over a span of several years and even decades, wavelike increases and decreases in the economy influence demand and are called _________
- Cycles
- seasonality
- trends
- random variation
- To reach its objectives, the master production schedule must:
- Be outside the guidelines of the production plan
- Satisfy customer demand
- Be outside the capacity of manufacturing
- Be outside both the capacity of manufacturing and guidelines of the production plan
- The _____________________ is a plan for the production of individual end items.
- JIT
- MRP II
- MRP
- MPS
- The objectives in developing an MRP include:
- To make the best use of material, labor, and equipment
- All of the above
- To maintain the desired level of customer service by maintaining finished goods inventory levels or by scheduling to meet customer delivery requirements
- To maintain inventory investment at the required levels
- Trends:
- Have no change from period to period
- Are level
- Can rise or fall
- All of the
above
- ______________ exists when the cumulative actual demand varies from the cumulative forecast.
- Forecast error
- Bias
- Mean absolute deviation
- Random variation
- A schedule is satisfactory when:
- Capacity is greater than the production plan
- It doesn't
specify to the
plant when to
stop
production - It doesn't specify to the plant when to start production
- Capacity is
consistent with
the production
plan
- The MRP forms a vital link between sales and production as follows:
- The MRP is a plan of what is to be produced and when.
- All of the above
- The MRP is a contract between marketing and manufacturing.
- The MRP makes possible valid order promises.
- The first step in preparing an MPS is:
- Develop a rough-cut capacity plan
- Develop a preliminary MRP.
- Resolve differences between the preliminary MPS and the capacity available.
- Check the preliminary MRP against available capacity.
- ______________ demand items need to be forecast.
- Dependent
- Both independentand dependent
- Independent
- Neither independent nor dependent
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