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| Section | Objectives |
|---|---|
| Detailed Scheduling and Planning | - Material requirements planning (MRP)
|
| Strategic Sourcing and Supplier Relationship Management | - Supplier selection and evaluation
|
| Master Planning of Resources | - Sales and operations planning (S&OP)
|
| Execution and Control of Operations | - Shop floor control
|
| Continuous Improvement and Quality Management | - Lean and quality improvement principles
|
| Strategic Management of Resources | - Alignment of operations with organizational strategy
|
1. The benefits of standardized work include:
A) less finished goods inventory.
B) more innovation.
C) shorter takt time.
D) consistent cycle time.
2. The planned channels of inventory disbursement from one or more sources to field warehouses are known as:
A) interplant demand.
B) Asupply chain community.
C) a bill of distribution.
D) logistics data interchange (LDI).
3. Which of the following risk management strategies assumes that losses in one part of the supplychain will be offset by gainsin another?
A) Fluctuation
B) Hedge 5
C) Speculative
D) Flexible
4. Which of the following tools is used for monitoring a capacity plan?
A) Dispatch report &
B) Resource planning
C) Demonstrated capacity
D) Input/output control (I/O)
5. In a lean environment, the batch-size decision for planning "A" items would be done by:
A) least total cost.
B) min-max.
C) periodic order quantity.
D) lot-for-lot (L4L).
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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