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Exam 8: Sales and Operations Planning

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Question 31

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The main purpose of the aggregate production plan is to specify the optimal combination of workforce level and inventory on hand.

A) True
B) False

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Question 32

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Using the cut-and-try method for aggregate operations planning we can determine the production requirement in units of product.If beginning inventory is 4,000 units,the demand forecast is 2,900 units,and the required safety stock is 10% of the demand forecast,what is the production requirement? ________________________________

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Explanation: Demand = ...

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Question 33

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In a services organization strategic capacity planning follows process planning.

Firms that match the production rate to the order rate by hiring and laying off employees as the order rate varies are following what is known as the chase strategy.

From an operational perspective yield management is most effective under which of the following circumstances?

One of the conditions that makes yield management effective is when inventory is easily stored and held for a time when demand is stronger.

From an operational perspective yield management is least effective under which of the following circumstances?

In conducting aggregate operations planning there are a number of required inputs.Which of the following are considered inputs internal to the firm?

The aggregate operations planning variable "workforce level" refers to the number of workers needed to accomplish the planned production.

What are the three basic production planning strategies? 1.____________________________ 2.____________________________ 3.____________________________

The widespread adoption of computing technology has led to the virtual abandonment of simple cut-and-try charting and graphical methods to develop aggregate operations plans.

Foregone profit margins are considered as relevant aggregate operations planning costs.

In an overview of the major operations planning activities in a typical logistics organization,which of the following activities follows aggregate sales and operations planning?

Using the cut-and-try method for aggregate operations planning we can determine the production requirement in units of product.If the beginning inventory is 400 units,the demand forecast is 900 units,and the required safety stock is 10% of the demand forecast,what is the production requirement? _________________________________

In a logistics organization vehicle dispatching immediately precedes vehicle loading.

The aggregate operations plan translates annual and quarterly business plans into broad labor and output plans for the intermediate term of 3 to 18 months.

Using the cut-and-try method for aggregate operations planning we can determine the production requirement in units of product.If the beginning inventory is 500 units,the demand forecast is 1,000,and the necessary safety stock is 10% of the demand forecast,which of the following is the production requirement?

The aggregate operations planning variable "inventory on hand" refers to the balance of unused inventory carried over from the previous time period.

Because a level production strategy does not require adjustment in the short-to-medium term,aggregate sales and operations planning is not required.

Which of the following is a production planning strategy presented in the textbook?