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Operation Management_BUS-4AB_20242

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A company is

developing a linear programming model for its aggregate production plan. If I

t

= units in inventory at the end of period t, P

t

= units produced in

period t, and D

t

= demand in period t, then the company’s demand

constraint to ensure that demand is met in quarter 2 is ....................

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Collaborative

planning, forecasting and replenishment (CFPR) is a process where the more

influential member of the supply chain dictates schedules to ensure customer

demand is satisfied

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The SCOR mark

__________.

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Which of the

following is best defined as a process for coordinating supply and demand?

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When demand

fluctuations are extreme using overtime and undertime is a feasible strategy

for adjusting capacity

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All of the following are inputs to the aggregate

production planning process

except .....

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The following

information relates to a company’s aggregate production planning activities:

Quarter

Demand

Forecast

1

37,500

2

45,000

3

25,000

4

62,500

Beginning Workforce

= 125 workers

Production per

Employee = 500 units per quarter

Hiring Cost =

$750 per worker

Firing Cost =

$1,500 per worker

Inventory

Carrying Cost = $10 per unit per quarter

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A company that produces printer

cartridges had cost of goods sold last year of $629,462,423.  The average value of inventory for raw

materials, work-in-process, and finished goods are shown in the table below:

 

Raw Materials

$7,367,528

Work-In-Process

$22,893,232

Finished Goods

$16,523,451

 

If the company

operates 50 weeks per year, then the weeks of supply in inventory would be

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If costs of goods

sold for a fiscal year are $125,000,000, markup is 10%, and inventory turns are

32.5, then its average aggregate value of inventory was $__________.

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A demand-driven value

chain is considered to be a global supply chain that is organized according to

all the following overlapping areas of responsibility

except ..................

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