Sh3rrymagdah

As a consultant, you have been asked to generate a unit demand forecast for a product for year 2014 using exponential smoothing. The actual demand in year 2013 was 750. The forecast demand in year 2013 was 960. Using these data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2014 forecast value? correct answers 897 A company wants to forecast demand using the weighted moving average. If the company uses three prior yearly sales values (i.e., year 2011 = 160...

Operations and supply chain management (OSCM) correct answers The design, operation, and improvement of the systems that create and deliver the firm's primary products and services. Operations correct answers refers to manufacturing and service processes that are used to transform the resources employed by a firm into products desired by customers. Supply chain correct answers refers to processes that move information and material to and from the manufacturing and service processes of t...

The philosophical leaders of the quality movement, Philip Crosby, W. Edwards Deming, and Joseph M. Juran had the same general message about what it took to achieve outstanding quality. Which of the following was not part of that message? correct answers Quality is free The philosophical leaders of the quality movement, Philip Crosby, W. Edwards Deming, and Joseph M. Juran had the same general message about what it took to achieve outstanding quality. Which of the following was part of that me...

supply chain correct answers network of facilities that procure raw materials, transform them into intermediate goods and then final products, and deliver the products to customers through a distribution system value chain correct answers only includes processes that add value in the chain complexities correct answers includes multiple stages of suppliers, multiple locations of internal transformation, multiple stages of physical distribution critical success factors correct answers use...

A BOM file is also called which of the following correct answers Product Tree MRP stands for Material Requirements Planning correct answers True A project can be subdivided into which of the following correct answers work packages MRP is most valuable where a number of products are made in batches using the same productive equipment correct answers True PERT is an abbreviation for which of the following methodologies correct answers Program Evaluation and Review Technique How many...

A BOM file is also called which of the following? correct answers A. Product tree Which of the following industry types have high expected benefits from the application of MRP? correct answers C. Assemble-to-stock Which of the following industry types have high expected benefits from the application of MRP? correct answers C. Assemble-to-order Which of the following industry types will not benefit greatly from the application of MRP? correct answers A. Fabricate-to-order A product tr...

Which of the following is not a criterion that influences manufacturing plant or warehouse facility location decisions? correct answers B. Historical cost Which of the following is a not criterion that influences manufacturing plant or warehouse facility location decisions? A. Suppliers B. Free trade zones C. Political risk D. Gross national product E. Tariffs and customs duties correct answers D. Gross national product Which of the following is not a criterion that influence...

From the highest level planning at the top to the lowest level planning on the bottom, rank the following: correct answers 1. Aggregate planning 2. Master production schedule 3. Material requirements planning The step in the planning process down from the master production schedule is called correct answers Material requirements planning Finished goods purchased by individuals external to the organization are considered dependent demand items correct answers False In which of the foll...

The firm's strategy describes? correct answers How it will create and sustain value for its current shareholders. The goal of sustainability means that? correct answers The scope of the firm's strategy must focus on three areas (the triple bottom line) 1- Economic 2- Social 3- Environmental What is economic when it comes to sustainable strategy? correct answers Shareholders must be compensated via a competitive return What is social when it comes to sustainable strategy? correc...

Purchase vs Product Order Flow correct answers Upstream vs. Downstream What happens to fluctuations and why? correct answers Fluctuations are amplified due to a time lag Beer Game: What caused people to act the way they did correct answers Lack of communication/cooperation and long lead times Bullwhip Effect correct answers Information going back through the supply chain is distorted and then amplified. Members of the supply chain overreact to changes in demand. How does a long lead ...