Statements regarding operations planning

Assignment Help Operation Management

Reference no: EM132191451

1. Which of the following statements regarding operations planning is FALSE?

a) "Production plan" is a sales and operations plan for a manufacturing firm.

b) In service, the sales and operations plan primarily results in a "staffing plan".

c) The terms "aggregate planning" and "sales and operations planning (S&OP)" are used interchangeably.

d) "Schedule" is a detailed plan that allocates resources over medium to long-term horizons.

2. Which of the following statements regarding backlog, backorders and stockouts is TRUE?

a) In general, stockouts should be avoided while backlogs is desirable.

b) Backlog is an accumulation of customer orders that cannot be fulfilled in a timely manner.

c) Backorders are employed by a manufacturer's desire to smooth out its production.

d) Stockouts lead to an accumulation of backorders

3. The textbook lists the following activities as Supply Chain Risk Management activities:

1. Increasing safety stock and forward buying

2. Identify backup suppliers and logistics services

3. Diversify the supply base

4. Utilize a supply chain IT system

5. Develop a formal risk management program

Reference no: EM132191451

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