SCM Final Exam Questions with 100% Correct Answers 2024/2025
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SCM
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SCM
SCM Final Exam Questions with 100% Correct Answers 2024/2025
Chapter 12 - Production - ANSWERSManaging Production Across the Supply Chain
Planning and Control - ANSWERSA set of tactical and execution-level business activities that includes master scheduling, material requirements planning, ...
SCM Final Exam Questions with 100%
Correct Answers 2024/2025
Chapter 12 - Production - ANSWERSManaging Production Across the Supply Chain
Planning and Control - ANSWERSA set of tactical and execution-level business activities that includes
master scheduling, material requirements planning, and some form of production activity control and
vendor order management
Master Scheduling - ANSWERSA detailed planning process that tracks production output and matches
this output to actual customer orders
Components of the Master Schedule - ANSWERS-Makes specific the overall resource levels established
by the S&OP
-States exactly when and in what quantities specific products will be made
-Links production w specific customer orders, allowing the firm to tell the customer exactly when an
order will be filled
-Informs the operations manager what inventory or resources are still available to meet new demand
Forecasted Demand - ANSWERSa company's best estimate of the demand in any period
Booked Orders - ANSWERSconfirmed demand for products
Master Production Schedule (MPS) - ANSWERSThe amount of product that will be finished and available
for sale at the beginning of each week. The master production schedule drives more detailed planning
activities, such as material requirements planning (MRP).
, Projected Ending Inventory - ANSWERSA field in the master schedule record that indicates estimated
inventory level at the end of each time period based on current information
Available to Promise (ATP) - ANSWERSA field in the master schedule record that indicates the number of
units that are available for sale each week, given those that have already been promised to customers
-what is still available that we haven't already promised to customers
Planning Horizon / Time Fences - ANSWERSThe amount of time the master schedule record (MRP) record
extends into the future. In general, the longer the production and supplier lead times, the longer the
planning horizon must be
*Time Fences*- determines whether or not changes can be made to the plan (can be frozen, moderately
firm, or flexible)
Material Requirements Planning (MRP) - ANSWERSA planning process that translates the master
production schedule into planned orders for the actual parts and components needed to produce the
master schedule items
-Manages *dependent demand inventory*- inventory items whose demand levels are tied directly to the
production of another item
-*Rough-Cut Capacity Planning*- A capacity planning technique that uses the master production
schedule to monitor key resource requirements
MRP is based on - ANSWERS1. The bill of material
2. Backward scheduling
3. Explosion of the bill of material
Bill of Material (BOM) - ANSWERSA list of all the components, ingredients, and materials needed to make
a product
-Provides *Product Structure* (tree)
---items above a given level are called parents & items below a given level are called children
-Shows low-level coding: top level 0, next level 1, etc.
Product Structure Tree - ANSWERSA record or graphical rendering that shows how the components in
the BOM are put together to make the level 0 item
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