Lecture 2 Planning and Control

Question 1

S & OP

Answer 1

Sales and Operations planning

A multi discipline process where all critical functions will agree on an action plan to fulfill the strategic goals of the company in order to control Lead Times and Costs

Question 2

Lead Times

Answer 2

A span of time required to perform a process

Question 3

Types of lead times

Answer 3

Cummulative lead time: longest planned length of time to acomplish the activity
Delivery lead time: the time from the receipt of a customer order to the delivery of the product.

Question 4

Top Down planing and control

Answer 4

1. S & OP
2. Master Schedule
3. Material requirements planning
4. Porduction activity control and Vendor Order management

Question 5

Five supply chain drivers

Answer 5

production
inventory 
transportation 
location 
information

Question 6

Master Schedule

Answer 6

A detailed planning process that tracks production output and matches this output to actual customers

Question 7

Master Schedule records

Answer 7

Forcasted demand 
Booked orders
Projected inventory levels 
Production quantities
Units still available to meet customer needs

Question 8

Push System

Answer 8

Material is moved towards the next process as soon as it has been processed

Question 9

Pull System

Answer 9

Material is moved when the next process wants it

Question 10

Bullwhip effect

Answer 10

A slight increase in the end of the supply chain will leads to a large increase at the beginning of the supply chain.