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OPS 571 Week 3 Quiz

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OPS 571 Week 3 Quiz -

1. When considering outsourcing, what should firms tend to avert?

  • Allowing outsourcing to develop into a substitute for innovation
  • Losing control of noncore activities
  • Giving the outsourcing partner opportunities to become a strong competitor
  • Allowing employees transferred to the outsourcing partner to rejoin the firm

2. What is the important starting point in developing a capacity plan?

  • Predicting the ability of suppliers to meet needs
  • Determining the effective capacity of a resource over some period of time.
  • Predicting the needs of customers
  • Understanding key components of the supply chain

3. Which of the following is an input to the master production schedule (MPS)?

  • Bill of materials
  • The aggregate plan
  • Exception report
  • Inventory records file

4. Which of the following is an input file necessary to run an MRP program?

  • Planned order schedules
  • Bill of materials (BOM) file
  • Exception reports
  • Quality management report

5. Which of the following forecasting methods is very dependent on selection of the right individuals who will judgmentally be used to actually generate the forecast?

  • Simple moving average
  • Time series analysis
  • Delphi method
  • Weighted moving average

6. The main purpose of aggregate operations planning is to specify the optimal combination of which of the following?

  • Inventory on hand and financing costs for that inventory
  • Workforce levels and inventory on hand
  • The workforce level and the degree of automation
  • The strategic plan and the products available for sale

7. Which of the following is an essential resource that flows through a hospital supply chain?

  • Patients
  • Medicine
  • Doctors and Nurses
  • Information

8. In business forecasting, what is usually considered a short term time period?

  • Four weeks or less
  • Six months or more
  • Less than three months
  • More than three months

9. Which of the following is an input file necessary to run an MRP system?

  • Planned order schedule
  • Exception report
  • Inventory records file
  • Computer aided design files

10. Which of the following is most closely related to the reason a firm might implement MRP?

  • So they can order the right parts
  • So they can order parts sufficient for immediate use
  • To assure appropriate quality levels
  • So they can insure that parts to arrive D. To assure appropriate quality levels

11. Which of the following is one of the main purposes of a MRP system?

  • Decrease labor requirements.
  • Educate personnel in basic work rules.
  • Determine the materials needed.
  • Stimulate the work force.

12. The text mentions several common approaches to use when developing a strategy to close a capacity gap (where utilization of a resource exceeds capacity available). Which of the following is among the common approaches mentioned?

  • New construction
  • Hire more employees
  • Closing a related department
  • Transferring capacity from other units

13. Which of the following is a perpetual system for inventory management?

  • Fixed time period
  • P model
  • Fixed order quantity
  • First in first out

14. Which of the following is considered a pure production planning strategy?

  • Stable workforce, variable work hours
  • Variable workforce, stable work hours
  • Lag demand
  • Level playing field

15. In conducting aggregate operations planning there are a number of required inputs. Which of the following are inputs considered most external to the firm?

  • Current physical capacity of the organization
  • Raw material availability and competitor's behavior
  • Internal inventory levels and market demand
  • Subcontractor capacity and inventory levels

16. In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand?

  • Future demand
  • Cyclical elements
  • Inconsistent demand
  • Past demand

17. Which of the following is an input to the master production schedule?

  • Prototype products from product development
  • Aggregate component schedule
  • Peg reports from factory records
  • Forecasts of customer demand

18. What is the effect of the lack of synchronization among supply chain members?

  • Bullwhip effect
  • Continuous replenishment
  • Metcalf's Law
  • Forward buying

19. Which of the following is one of the categories of manufacturing inventory?

  • Work in process
  • Economic Order Inventory
  • JIT Inventory
  • Quality units

20. Which is the most challenging kind of supply chain to manage according to Hau Lee?

  • Risk hedging
  • Agile
  • Efficient
  • Erratic

21. What is another name for the fixed order quantity inventory model?

  • Cycle counting model
  • The ABC model
  • Economic order quantity model
  • Periodic replenishment model