Business & Finance 1. Given the forecast and booked orders shown in the table, and a beginning inventory of 20, what is the available…
1. Given the forecast and booked orders shown in the table, and a beginning inventory of 20, what is the available to promise inventory for the first period? There are no LOT quantity constraints.
Period
1
2
3
4
Forecasted
Demand
200
220
240
200
Booked
Orders
190
80
30
10
Projected ending inventory
Master production schedule
Available to
Promise
(Points : 1)
[removed] 0 [removed] 10 [removed] 20 [removed] 40
2. Last month a firm made 100 model A’s using all of their available labor. If they have already taken orders for 150 model A’s for next month, then their planning value must be 1.5. (Points : 1)
[removed] True [removed] False
3. Since the booked orders figure represents actual customer demand in a master schedule, that value is always less than or equal to forecasted demand. (Points : 1)
[removed] True [removed] False
4. Sales and operations planning must consider: (Points : 1)
[removed] customer demand. [removed] capabilities of suppliers. [removed] capabilities of logistics service providers. [removed] All of these must be considered when performing S&OP.
5. A company has a sales forecast for the following five months as shown in the table. If they have a beginning inventory of 100 units, what amount should be produced under a level plan in order for them to have an ending inventory of zero units at the end of the five month period?
Month
Forecast
January
350
February
400
March
300
April
500
May
350
(Points : 1)
[removed] 320 units per month [removed] 360 units per month [removed] 400 units per month [removed] 440 units per month
6. A hospital’s biomedical repair shop uses a 4-week periodic system to maintain the inventory on the blood pressure cuff repair parts. They use an average 40 adult arm cuffs with a standard deviation of 6 cuffs every four weeks. Cuffs aren’t the most critical item they carry, but the manager would like to avoid the embarrassment of a stockout at least 95% of the time. What should their restocking level be? (Points : 1)
[removed] 40 cuffs [removed] 46 cuffs [removed] 50 cuffs [removed] 52 cuffs
7. Using this MRP record and a lead time of 3 weeks, what should the planned orders be in week 1?
1
2
3
4
5
Gross Requirements
400
500
300
Scheduled receipts
0
0
0
0
0
Projected ending
Inventory
100
100
Net
Requirements
Planned
Receipts
300
Planned
Orders
(Points : 1)
[removed] 200 [removed] 300 [removed] 400 [removed] 500
8. Which of the following statements regarding master production scheduling calculations is best? (Points : 1)
[removed] Forecasted demand always exceeds booked orders. [removed] Booked orders always exceed forecasted demand. [removed] If booked orders are greater than forecasted orders, there must be a master production schedule for that period. [removed] If ending inventory is greater than or equal to zero, there is no master production schedule quantity for that period.
9. Which of these conditions is NOT necessary for the economic order quantity model to be valid? (Points : 1)
[removed] The item has a constant demand. [removed] The item has a constant lead time. [removed] The item has a constant price. [removed] The item has a constant safety stock.
10. Which step comes first in sales and operations planning? (Points : 1)
[removed] Master scheduling [removed] Material requirements planning [removed] Production activity control [removed] Vendor order management
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