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Operations and Supply Chain Management: Key Concepts and Strategies

This assignment explores key concepts and strategies in operations and supply chain management.

Benjamin Fisher
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Operations and Supply Chain Management: Key Concepts and Strategies1Which of the following is an input to the master production schedule (MPS)?The aggregate planBill of materialsException reportInventory records fileCorrect2What is the important starting point in developing a capacity plan?Predicting the needs of customersPredicting the ability of suppliers to meet needsUnderstanding key components of the supply chainDetermining theeffective capacity of a resource over some period of time.Correct3

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Which of the following is an essential resource that flows through a hospital supply chain?PatientsInformationDoctors and NursesMedicineCorrect4Thetext mentions several common approaches to use when developing a strategy to close a capacitygap (where utilization of a resource exceeds capacity available). Which of the following is among thecommon approaches mentioned?Transferringcapacity from other unitsHire more employeesNew constructionClosing a related departmentCorrect5What is another name for the fixed-order quantity inventory model?

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Cycle counting modelPeriodic replenishment modelTheABC modelEconomic order quantity modelCorrect6What is the effect of the lack of synchronization among supply-chain members?Forward buyingContinuous replenishmentBullwhip effectMetcalf's LawIncorrect7Inconducting aggregate operations planning there are a number of required inputs. Which of thefollowing are inputs considered most external to the firm?
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