Sales and Operations Planning – Flashcards
Unlock all answers in this set
Unlock answersquestion
on the supply side of the business, aggregate planning is done by:
answer
product families
question
long-range planning activities are:
answer
1. designing the logistics activities that deliver products to the customer. 2. designing the manufacturing and service processes that produce the products of the firm.
question
subcontracting production is similar to a ______ strategy, but differs in that in doesn't use company employees to meet customer demand.
answer
chase
question
what is an operations and supply chain task performed in an intermediate-term plan?
answer
1. forecasting 2. demand management 3. sales and operations planning
question
the number of units completed per unit of time is called the _______ rate
answer
production
question
sales and operation planning specifically helps businesses with the following
answer
1. general management 2. inventory management 3. production rate stabilization 4. customer service and delivery lead times
question
Hiring, training and laying off personnel are costs associated with
answer
production rate
question
By simulating various master production schedules and calculating corresponding capacity, labor and equipment requirements, one is developing a:
answer
rough cut aggregate plan
question
the main purpose of the aggregate plan is to specify the optimal combination of ______, workforce level, and inventory on hand
answer
production rate
question
sales and operations planning typically requires an integrated effort and cooperation form the following organizations
answer
1. finance 2. production development 3. operations 4. sales 5. distribution and logistics
question
which relevant costs are often the most difficult to measure
answer
backordering costs
question
what process gives senior management a better handle on the meeting customer demand over a 3 to 18 month time horizon
answer
sales and operations planning
question
aggregation on the demand side is done by groups of ______
answer
customers
question
when an organization consistently uses a single variable only to modify production plans, such as, hiring/firing employees, it is likely deploying a _____ strategy
answer
pure
question
what is an internal factor that influences a production plan
answer
inventory levels
question
top management considers an aggregate operations plan a _______ term planning tool
answer
intermediate
question
which operations and supply processes are most greatly impacted by the sales and operations pracess
answer
1. logistics 2. manufacturing 3. services
question
intermediate-term plan activities include forecasting
answer
true
question
short-range planning covers a period from
answer
1 day to 6 months
question
the main purpose of an aggregate plan is to specify the
answer
optimal combination of production rate, workforce level and inventory on hand
question
distribution and logistics is typically involved in sales and operations planning
answer
true
question
the time horizon for an aggregate operations plan ranges from
answer
3 to 18 months
question
an external factor that influences a production plan is
answer
subcontractor capacity
question
if an organization is using overtime, hiring/firing employees, and subcontracting to modify production plans, it is likely deploying which type of production strategy?
answer
mixed
question
long range planning is generally done _____ and for a time horizon greater than ____
answer
annually one year
question
the end goal of a sales and operations planning meeting is to find the best course of actions to achieve the optimal balance between _____ and _____
answer
supply and demand
question
in production planning, a _____ strategy is executed by maintaining a stable workforce and producing output at a constant rate.
answer
level
question
long-range planning activities are
answer
1. designing the manufacturing and service processes that produce the products of the firm. 2. designing the logistics activities that deliver products to the customer.
question
sales and operations planning specifically helps business with the following:
answer
1. customer service and deliver lead times 2. general management 3. inventory management' 4. production rate stabilization
question
the number of workers needed to meet production requirements is called
answer
workforce level
question
spoilage and obsolescence costs are considered what type of relevant cost?
answer
inventory holding costs
question
unused inventory that is carried over from the previous period is called?
answer
inventory on hand
question
basic production costs consist of _____ and _____ costs incurred in producing a given product type in a given time period.
answer
fixed and variable
question
a common approach to developing an aggregation operations plan is from:
answer
the corporate annual plan
question
in production planning, adjusting the production rate by hiring and laying off employees to match the sales forecast is called a:
answer
chase strategy
question
short-term operations and supply chain tasks are focused mostly on scheduling ______ and shipment ______
answer
scheduling production and shipment orders
question
in a stable workforce - variable work hours plan, one varies the ____ by varying the number of _____ worked through flexible schedules and overtime.
answer
output hours
question
three production planning strategies are:
answer
chase, level and stable workforce.
