Forecasted Actual
This forecast performance is best described as:
A. biased
B. Random Error
C. Efficient
D. Naive
Planned input 30 30 20 20 20 20 Planned output 20 20 20 20 20 20 Planned backlog Actual backlog 50 The planned backlog at the end of period 6 is?
A. 70
B. 65
C. 60
D. 50
Each of the following actions would reduce safety stock levels EXCEPT:
A. reduce forecast error
B. increase lead times
C. reduce the customer service target
D. adopt a make-to-order strategy
According to the Theory of Constraints, which of the following statements is true?
A. A buffer of inventory should always be maintained after the bottleneck.
B. Constraints always exist in a factory
C. Work centers feeding bottlenecks should operate at peak utilization to ensure WIP availability at all times.
D. Use of Drum-Buffer-Rope includes communication from the bottleneck to the Gateway
A planned order receipt is generated by MRP when:
A. Net requirements are greater than zero
B. Gross requirements are greater than zero
C. Projected available balance is above zero
D. Forecasted demand is less than planned supply
Sales 100 100 100 100 100 100 Production 200 200 200 100 100 100 Starting Inventory = 100 The production plan shown above is an example of which production strategy?
A. Chase
B. Level
C. Least Squares
D. Combination
Which of the following strategies is most likely to produce the shortest delivery leadtime?
A. Make-to-order
B. Assemble-to-order
C. Make-to-stock
D. Make-to-assemble
ABC Company has decided to implement point of use replenishment with a key supplier. Which action is consistent with this decision?
A. Establishing a physical area close to the operations that utilize the supplies
B. Determining the reorder point level for supplies
C. Establishing ASN notification with the supplier
D. Agreeing on consignment rules.
XYZ Company is pursuing improved quality levels. Which of the following actions would produce the best results for XYZ?
A. Hire additional inspectors
B. tighten tolerances
C. adopt a quality first slogan
D. reduce process variability
ABC Corporation has chosen three projects for implementation this year. They are increased usage of common components, implementation of safety capacity, and integration of ATP logic within customer processes. These actions are most supportive of which order winner?
A. Innovation
B. Price/Cost
C. Delivery Reliability
D. Image
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