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Week 8

Terms in this set (15)

Sales and Operations Planning combines:

The aggregate plan and the sales plan
Supply and demand
Production costs and backordering costs
Long-range planning and short-range implementation
The aggregate plan and the sales plan
The S&OP requires input from: (choose all that apply)
Sales
Operations
Transportation
Finance
Sales
Operations
Finance
True or False:
Because of the need to interact with key supply chain partners, sales & operations planning is viewed as a cross-functional process.
True
The aggregate production plan (choose all that are correct)

Plans by product group or family
Is an example of intermediate-range planning
Looks out for a period of about one year
Forecasts customer demand
Plans by product group or family
Is an example of intermediate-range planning
Looks out for a period of about one year
Which of these is not part of the aggregate planning process?

Production rate
Workers needed
On-hand inventory
Business process improvement
Business process improvement
True or False:
The aggregate plan is derived from the company's overall business plan.
true
Aggregate production strategies are part of your _______________ planning.

Long range
Short range
Sales
Intermediate range
Intermediate range
True or False:
A common approach today is to use outsourcing to satisfy short-term increases in demand.
true
The level strategy and the chase strategy are examples of a(an) __________ aggregate production strategy.

Long-term
Constant
Pure
Combined
Pure
True or False:
Yield management's objective is to minimize cost.
false
Yield management deals with which of the following (choose all that apply)?

Unreliable customers
Flexible capacity
Different customer types
Perishable asset
Giving way to other businesses
Different customer types
Perishable asset
Dynamic pricing tries to do which of the following (choose one):

Minimize cost
Sell to as many high value customers as possible
Keep cheap customers out of the system
Fly cheaply
Sell to as many high value customers as possible
True or False:
The Master Production Schedule breaks down the aggregate production plan, specifying what individual products the factory will make each week.
true
Time Fences: (choose all that apply)

Are derived directly from the aggregate plan.
Provide stability and predictability to factory operations.
Determine when a customer order can be cancelled without penalty.
Determine when changes to the MPS can be made.
Provide stability and predictability to factory operations.
Determine when changes to the MPS can be made.
Available-to-Promise: (choose all that apply)

Tells the sales force how many products are available to sell.
Coordinates production and sales efforts.
Takes into account current inventory, confirmed orders, and scheduled production.
Helps to determine when production is scheduled.
Tells the sales force how many products are available to sell.
Takes into account current inventory, confirmed orders, and scheduled production.
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