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SCM 2160 > Resource Planning > Flashcards

Resource Planning Flashcards

1
Q

S&OP’s

A

Sales and Operations Planning

Business management process in which a team focuses on achieving alignment and synchronization across all departments

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2
Q

Resource Planning

A

combines S&OPs and information to determine input requirements for a given period

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3
Q

Enterprise Resource Planning System

A

Large, organization-wide integrated system supporting enterprise processes and data storage needs

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4
Q

ERP Systems are designed around a

A

single shared database used by entire organization

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5
Q

ERP system is beneficial to departments as it has

A

different modules with different functions

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6
Q

ERP allows access to

A

range of real time data

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7
Q

ERP System encompasses (6)
and generates

A

Manufacturing, Marketing, HR, Accounting, SCM, Data Analysis
generates reports, logs, orders

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8
Q

Information Systems and what they provide?

A

collection of components that work together to provide desired information in the proper format at an appropriate time.

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9
Q

Informations Systems Process diagram

A

People input data to Software -> used by other as information for procedures

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10
Q

ERP can spit out information but needs to be

A

interpreted correctly by a manager or individual

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11
Q

Material Requirements Planning

  1. Manage what?
  2. Schedule what?
A

computerized information system developed to help manage dependent demand inventory and schedule replenishment orders

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12
Q

dependent demand (2)

A

quantity required is functional for other items produced or held in inventory, demand for component of finished good

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13
Q

dependent demand is based on (2)

A

parents and components

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14
Q

components are made of

A

other subcomponents

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15
Q

Bicycle example: what is parent, component, subcomponent

A

parent is bike
component is wheel
subcomponent of wheel is spoke and rubber

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16
Q

independent demand

A

demand for finished good etc car

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17
Q

MRP calculates… and provides

A

dependent demand of components from the production schedules of parents, provides forecast

18
Q

MRP system translates….(2)

A

production schedules and material purchases into capacity requirements and dollar amounts projected in the future

19
Q

MRP systems automatically maintain alignment

A

alignment between demand and inventory for components and production schedules for parents.

20
Q

Material Requirements Planning Diagram

A

Master Production Schedule, Inventory Records, Bill of Materials -> planned order releases (to supplier upstream in organization) -> work orders (internal), purchase orders (external), Action Notices.

21
Q

Bill of Materials

A

A record of all the parent-component relationships for an item

22
Q

Components

A

items that make up the parents

23
Q

parents

A

have at least one component

24
Q

Bill of materials specifies usage quantity which is

A

of units of each component required

25
Q

End Item

A

final product sold to customer

26
Q

Intermediate Item

A

item with at least one parent and least one component

27
Q

Subassemblies

A

intermediate item assembled from more than one component

28
Q

purchased item

A

item with one or more parents, no components because it comes from supplier

29
Q

Part commonality and it increases volume

A

component has more than one parent, and increases volumes of particular components

30
Q

Master Production Schedule

A

states the requirements for individual and end items by date and quantity

31
Q

Inventory/Ordering Record

A

information about lot-size policies, lead time, different elements of time-phased data.

32
Q

Scheduled receipts

A

orders placed but not received

33
Q

Project on Hand Inventory

A

estimate of inventory available each week after gross requirements satisfied

34
Q

Planned Receipts

A

orders not yet released to supplier

35
Q

Lot sizing rules determine (2) and need to be selected for

A

timing and quantity of orders
selected for each individual component

36
Q

Lot Sizing Possibilities (3)

A

Fixed Order Quantity (FOQ)
Periodic Order Quantity (POQ)
Lot for Lot (L4L)

37
Q

Fixed order quantity (FOQ)

A

same order quantity placed each time order is issued

38
Q

periodic order quantity (POQ)

A

order sizes differ, generally issued at pre-determined intervals

39
Q

Lot for Lot (L4L)

A

lot sized ordered covers gross requirements for a single week

40
Q

FOQ creates higher average inventory because

A

remnants but creates a buffer

41
Q

POQ & L4L have lower inventory costs but

A

leave you vulnerable to last minute changes in demand

42
Q

MRP explodes all information from MPS, inventory and BOM to calculate

A

requirements for all subassemblies, components and materials

SCM 2160 (11 decks)

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