SCM 309 Quiz 3 + 5 (A+ Graded Already)

When demand and supply planning are not synchronized (2 things) correct answers 1. Shortage of products that customers want 2. Surplus of products that customers do not want demand-supply integration (DSI) correct answers integrates supply-management and demand-generating functions of a business Functions involved in demand and supply integration (4 things) correct answers Financial Planning Demand Planning Supply Planning Inventory Planning World class businesses have supply chains that are: correct answers Demand driven, Agile, Collaborative Planning Principles correct answers Maximize Customer Service Minimize operating costs Minimize inventory Capacity Planning correct answers The process of determining the operational capacity required to meet demand Design Capacity correct answers The maximum workload that an organization is capable of completing in a given period of time The Goal of capacity planning: correct answers minimize the discrepancy between an organization's capacity and demand Long-range: Aggregate Production Plan (APP) correct answers usually covers a year or more, involves the construction of facilities & major equipment purchase Intermediate: Master Production Schedule (MPS) correct answers Plan spans six to eighteen months. Shows the quantity and timing of end items. Short-range: Materials Requirement Planning (MRP) correct answers Plan covers few days to few weeks. Detailed planning process for components and parts to support the master production schedule Strategic Planning correct answers Match capabilities with marketing needs Tactical Planning correct answers Level of volume output per time Operational Planning correct answers Day-to-day mix