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+
[Show more]
Content preview
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.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Edumaxsolutions. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.29. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52928 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now