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Om Quiz
Om Quiz
QUIZ 6
A production of... will be the next president Which statement is not true about forecasting?
of the country
Minimize the number of personnel Strategy that can be used to increase or decrease capacity to
match current demand
Time serves analysis Which is considered to be a quantitative type of forecasting?
Delivery cost Which does not belong to the group?
Incur lowest possible cost in operation Purpose of inventory
Shortage costs It is the type of costs that is associated with stock keeping
unit (SKU) availability when needed to meet demands.
Smoothing demand using back ordering The process to increase demands in order to match capacity
strategy
Delphi technique A type of qualitative technique that makes use of expert
opinion.
Time series analysis It is a type of qualitative forecast that predicts future events
by analyzing the trends of the past, like documenting past
five years of sales performance.
Predicting level of demand Economic forecasts include the following except:
Both statements are true 1st statement: good schedules and sequences leads to
efficient manufacturing and service plans and better
customer service 2nd statement: Scheduling applies to all
aspects of the value chain- planning and releasing orders in a
factory : determining work shifts for employees, and making
deliveries to customers.
b. Amount of warehouse space to rent for a Which of the following is a short term capacity decision?
new promotional item
c. Both statements are true 1st statement:: Forecasts provide a basis for coordinating
plans for activities in various parts of a company. 2nd
statement: Forecasting is a critical part of an operations
manager's function and essential to financial, marketing, and
HR manager.
c. one large capacity increases The advantage of long term strategy is is that the fixed cost
of construction and operating system setup need to be
incurred only once and thus the form can allocate these cost
over one large project.
d. All the given Resources are in the form of
b. 1st statement is false, and 2nd statement 1st statement: Forecasting aids short-term planning but does
is true not apply to long-term planning. 2nd statement: Businesses
must develop forecasts of the demand level, which the
company should prepare to meet.
d. A seasonal demand good A focused factory is least likely to focus on
b.. Longest Processing Time Which of the following job sequencing rules that scheduler
can reduce a large amount of much more time consuming
jobs at the end of the job schedule?
b. Diseconomies of scale This occurs when when he average cost of the good or
service begin to increase as the capacity and/or volume of
throughput increases
d. Focused strategy A way to achieve economies of scale without extensive
investments in facilities to maximize efficiency and
effectiveness and capacity by focusing on a narrow range of
goods or services, target market segments, and dedicated
processes to maximize efficiency and effectiveness
a. Long term capacity decision The construction of a new manufacturing plant is an example
of
b. Work-in process inventory This consists of partially finished products to various stage
of completion that are awaiting further processing
a. Quality Control A process through which a business seeks to ensure that
product quality is maintained or improved.
a. Demand Management Pricing and promotion can increase or decrease demand or
shift to other periods is an example of what aggregate
planning decision option?
a. Shortest Processing Time. Which of the following job sequencing rules tend to
minimize the average number of jobs in the system?
b. Reducing manpower Which of the following is not a target of Total Quality
Management
c. Split A service staff will work the first shift for the breakfast rush,
check out and then return to work the busy lunch rush a few
hours later is an example of what type of schedule?
a. Resource management Deals with planning, execution, and control of all the
resources that are to produce goods or provide services in a
value chain.
c. Both statements are true 1st statement: When short term demand exceeds capacity, a
firm must temporarily increase to capacity or be unable to
meet all of the demand. 2nd statement: Id .falls well below
capacity, idle resources reduce profits
b. small capacity increases that match The long term capacity expansion strategy that can be called
demand a capacity straddle strategy is
a. Machine Which of the following is not an inventory?
d. All of these Which of the following affect capacity planning
1st statement is false, and 2nd statement is 1st statement: Most service organization require as many
true levels of intermediate planning (Level 2) as goods producing
firm, 2nd statement: Service firm frequently take their
aggregate plans and disaggregate them to the execution level
as detailed frontline staff and resource schedules, job
sequences, and service encounter execution.
d. Operational forecast The following are the significant types of forecasting in
planning the future of operations, EXCEPT