Exam (elaborations)
SCMN 2150 EXAM I COMPLETE ACTUAL PRACTICE EXAM (LATEST UPDATE) ALL CORRECT GRADED A+
- Course
- SCMN 2150
- Institution
- Auburn University
SCMN 2150 EXAM I COMPLETE ACTUAL PRACTICE EXAM (LATEST UPDATE) ALL CORRECT GRADED A+
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lOMoAR cPSD| 42091925SCMN 2150 EXAM I COMPLETE ACTUAL
PRACTICE EXAM (LATEST UPDATE) ALL
CORRECT GRADED A+
What types of *Supply Chain Planning* is there? - ANSWER 1. Short-Range
2. Immediate-Range
3. Long-range
What is *Capacity*? - ANSWER The rate at which output can be produced by an
operating unit.
ex: machine, process, company, airplane, facility, etc.
What is Capacity Planning? - ANSWER The process of establishing output rate that
can be achieved.
What is the difference between design capacity vs. effective capacity? - ANSWER
*Design Capacity*: The best operating level (theoretical).
*Effective Capacity*: Normal operating level (logical or reasonable).
What is *Capacity Utilization*?
What is the formula? - ANSWER Measures how much of the available capacity is
being used. Measures effectiveness.
Utilization = Actual Output/Capacity (100%)
, lOMoAR cPSD| 42091925
What is *Capacity Cushion*? - ANSWER An additional amount of capacity added
onto the expected demand to allow for greater than expected demand and demand
during peak seasons.
Creates flexibility.
What happens when capacity > demand? - ANSWER Excess inventory
What happens when capacity < demand? - ANSWER Inventory shortage
What are the types of forecasting methods? - ANSWER 1. Qualitative
2. Quantitative
What is Qualitative forecasting? Strengths and weaknesses? - ANSWER
Subjective and non-mathematical. Based on human judgement.
*Strengths*: Can incorporate latest changes in the environment and "inside
information".
*Weaknesses*: Can bias the forecast and reduce forecast accuracy.
What is Quantitative forecasting? Strengths and weaknesses? - ANSWER Based
on mathematics. Quantitative in nature.
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