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MGMT 339 > Ch 11-12 Final Review > Flashcards

Ch 11-12 Final Review Flashcards

1
Q

1) Intermediate range capacity planning that typically covers a 2 to 18 month planning horizon
2) Focus on product/service families
3) Useful for organizations that experience variations in demand

A

Aggregate planning

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2
Q

What is the goal of aggregate planning?

A

Achieve a plan that will effectively utilize the organization’s resources to satisfy demand

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3
Q

Combines all business plans into one integrated plan on a monthly basis and is reviewed by management on an aggregate level

A

Sales and Operations Planning

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4
Q

Reconciles demand and supply plans at detail and aggregate level and linked to operating plan

A

Sales and Operations Planning

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5
Q

What type of plans contain levels of employment, output, inventories, subcontracting, and backorders

A

Intermediate Plans

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6
Q

What are three steps n the planning sequence?

A

1) Business Plan
2) Aggregate Plan
3) Master Schedule

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7
Q

This is the following procedure for:

1) Determine demand for each period
2) Determine capacity for each period
3) Identify pertinent policies
4) Determine costs
5) Develop alternative plans and costs
6) Select the plan that best satisfies the objective

A

Aggregate Planning Techniques

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8
Q

What are the following strategies used for?

1) Maintain a certain amount of excess capacity to increase in demand
2) Maintain a degree of flexibility in dealing with changes
3) Wait as long as possible before committing to a certain level of supply capacity

A

Dealing with Variation

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9
Q

What are aggregate planners concerned with?

A

1) Demand Quantity

2) Demand Timing

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10
Q

Used to shift demand from peak to off-peak periods

A

Pricing

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11
Q

Used to shift demand so it is more matched to supply

A

Promotion

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12
Q

Orders are taken in one period and deliveries promised for a later period

A

Back orders

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13
Q

The following are for what option:

1) Hire or lay off workers
2) Overtime/slack time
3) Part-time workers
4) Inventories
5) Subcontracting

A

Supply Management Options

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14
Q

Maintaining a steady rate of output (supply) while meeting variations in demand by a combination of options

A

Level Capacity Strategy

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15
Q

Matching capacity to demand; the planned output for a period is set at the expected demand for that period

A

Chase Demand Strategy

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16
Q

Shows quantity and timing of specific end items for a scheduled planning horizon

A

Master Schedule

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17
Q

Resource requirements must not exceed resource availability during the horizon

A

Rough-Cut capacity planning

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18
Q

True or false: If demand for resources exceeds supply, deal with analysis AFTER releasing the master schedule

A

False. Deal with it before

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19
Q

It determines the quantity of each item needed to meet demand from all sources

A

Master scheduling

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20
Q

What is the red zone of a time fence?

A

Frozen (firm or fixed)

- High cost of change

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21
Q

What is the yellow zone of a time fence?

A

Slushy (Somewhat firm)

- Medium cost of change

22
Q

What is the green zone of a time fence?

A

Liquid (Open)

- Low cost of change

23
Q

Forecast and customer orders projected on hand calculation industrial pumps

A

MPS

24
Q

A computer based information system that translates master schedule requirements for end items into time-phased requirements for subassemblies, components, and raw materials

A

Material Requirements Planning (MRP)

25
Q

What are three questions at the component or subassembly levels?

A

1) What is needed?
2) How much is needed?
3) When is it needed?

26
Q

Demand for items that are subassemblies or components parts to be used in the production of finished goods

A

Dependent demand

27
Q
  • Large quantities are used at specific times with little or no usage at other times
  • tends to be sporadic and lumpy
A

Dependent demand

28
Q

True or false: The master schedule should cover a period that is at least equivalent to the longest cumulative lead time

A

True

29
Q

The sum of the lead times that sequential phases of a process require, from ordering parts to completion of assembly

A

Cumulative lead time

30
Q

True or false: MRP looks at cumulative lead time in order to determine order start dates

A

False: They look at it backwards

31
Q

Listing of all of the assemblies, subassemblies, parts, and raw materials needed to produce one unit of a product

A

Bill of Materials (BOM)

32
Q

A visual depiction of the requirements in a bill of materials, where all components are listed by levels

A

Product structure tree

33
Q

Information on the status of each item by time period

A

Time buckets

34
Q

True or false: MRP processing takes the end item requirements specified by the master schedule and “explodes” them into time-phased requirements for assemblies, parts, & raw materials offset by lead times

A

True

35
Q

Total expected demand (from MPS)

A

Gross requirements

36
Q

Open purchase/work orders scheduled to arrive

A

Scheduled receipts

37
Q

Expected inventory in stock at the beginning of each time period

A

Projected on hand

38
Q

Actual (calculated) amount needed in each time period

A

Net requirements

39
Q

Quantity to be received at the beginning of the period

A

Planned-order receipts

40
Q

Amount to create an order for in each time period (offset by lead time)

A

Planned-order releases

41
Q

Process of identifying the parent items that have generated a given set of material requirements for an item

A

Pegging

42
Q

The list of all parent items in which an item is used, regardless of whether there is actual demand

A

Where-used

43
Q

Schedule indicating the amount and timing of future orders

A

Planned orders

44
Q

Authorize the execution of planned orders

A

Order release suggestions

45
Q

Revisions of the sates or quantities, or the cancellation of orders

A

Order change suggestions

46
Q

Evaluate system operation, including deviations from plans and cost

A

Performance control reports

47
Q

To asses future material requirements

A

Planning reports

48
Q

Data on any major discrepancies encountered

A

Exception reports

49
Q

Scheduling orders to arrive or complete sufficiently ahead of their need to reduce/eliminate the chance of part shortage

A

Safety time

50
Q

Expanded approach to production resource planning, involving other areas of the firm in the planning process and enabling capacity requirements planning

A

Manufacturing Resources Planning II (MRPII)

51
Q
  • MRP II system that includes feedback loops

- Systems evaluate a proposed material plan relative to available capacity

A

Closed Loop MRP

52
Q

If a proposed plan is not feasible, it must be revised

A

Capacity requirements planning

MGMT 339 (11 decks)

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