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Exam 10: Sales and Operations Planning and Enterprise Resource Planning

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Question 41

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The system that is used to manage the entire firm including the individual business functions like finance,production,human resources and accounting is called the ________ system.

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Question 42

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Orders that are held in abeyance until more stock arrives are known as ________.

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Question 43

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Which of these factors need to be considered when computing the available capacity of a machine or system?

Demand requirements for the parent item is called dependent demand.

The phenomenon where production of more units results in higher average cost per item is known as ________.

The element of the MRP record which is the amount of an item required to satisfy gross requirements after taking scheduled receipts and projected inventory into account is called ________.

The table below provides information about demand for three products from a SOP plan for the coming quarter.Also provided are standard hours for the three products,which do not include different possible product variations.Assuming the company has 40,000 labor hours available in the coming quarter,determine the feasibility of this plan using Rough-Cut Capacity Planning (RCCP). $\begin{array} { | l | l | l | } \hline \text { Product } & \begin{array} { l } \text { Units } \\\text { Demanded }\end{array} & \begin{array} { l } \text { Standard Hours } \\\text { (in hours/unit) }\end{array} \\\hline \mathbf { A } & 12,000 & 1.25 \\\hline \mathrm { B } & 10,000 & 1.00 \\\hline \mathrm { C } & 15,000 & 0.75 \\\hline\end{array}$

The phenomenon where production of more units results in higher average cost per item is known as

The feasibility check of a Sales and Operations Plan (SOP)is rough-cut capacity planning.

Moving backwards through time from the delivery date for the completed product to enable releasing orders only when they are needed is called ________.

The element of the MRP record which is the quantity that has already been ordered and will be received at the beginning of the period is called

Aggregate planning is intermediate-range capacity planning that typically covers a time horizon of one to three months.

The feasibility check of a Master Production Schedule (MPS)is the aggregate capacity plan.

The typical time horizon for production activity control and purchasing is

The database which has information about when items will be in stock is the

A planning strategy that produces the same amount every period,and demand is met by varying inventory levels is known as ________.

The typical time horizon for developing a Master Production Schedule (MPS) is

Demand that is calculated from the requirements for some parent item is called independent demand.

Inventory information for firm Best Tools: $\begin{array} { l | l | } \hline \begin{array} { l | } \text { Expected } \\\text { inventory at }\end{array} & \\\text { the end of } & \\\text { April: } & 200 \text { units } \\\hline \text { Expected } & \\\text { demand } & \\\text { during April: } & 50 \text { units } \\\hline \text { Production } & \\\text { planned for } & \\\text { April: } & 100 \text { units } \\\hline\end{array}$ What was the inventory at the end of March?

In doing "aggregate planning" for a firm producing paint,the aggregate planners would most likely deal with