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GSCM 530 Final Exam Latest Version

GSCM 530 Final Exam Latest Version

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1. (TCO 1) The _____ develops forecasts by asking a panel of experts to individually respond to a series of questions. (Points : 10)
2. (TCO 1) The _____ forecasting model computes a forecast as the average of demands over a number of immediate past periods. (Points : 10)
3. (TCO 1) Customers can include (Points : 10)
4. (TCO 1) _____ is the management of processes used to identify, acquire, and administer inputs to the firm. (Points : 10)
5. (TCO 1) Which of the following is currently regarded as containing the most extensive set of supply chain measures? (Points : 10)
6. (TCO 2) S&OP results in (Points : 10)
7. (TCO 2) The level production strategy provides a constant rate of output over the entire planning time period and requires no (Points : 10)
8. (TCO 4) _____ calculates when and how much of certain raw materials, parts, and subassemblies are needed for production. (Points : 10)
9. (TCO 4) A primary function of _____ is to match supply with demand so the right quantities of raw materials, parts, and subassemblies are available when needed for production. (Points : 10)
10. (TCO 4) The _____ lot-sizing strategy's order is placed for exactly the amount that is needed in each period. (Points : 10)
11. (TCO 3) The maximum capacity is the _____ output rate that an activity or a process can achieve under ideal conditions in the _____ term. (Points : 10)
12. (TCO 5) Zanda Company is looking for a requirements planning system to help plan replenishment of its finished goods throughout its network of distribution centers. The type of system Zanda should consider is known as (Points : 10)
13. (TCO 6) A project objective statement includes (Points : 10)
14. (TCO 6) Good project managers typically have (Points : 10)
15. (TCO 6) Task slack is computed as the (Points : 10)
16. (TCO 6) The first step in project crashing is to (Points : 10)
17. (TCO 7) A critical process (Points : 10)
18. (TCO 7) _____ is (are) commonly used to indicate the general flow of plant processes and equipment. (Points : 10)
19. (TCO 7) _____ refers to believable and honest communications from suppliers. (Points : 10)
20. (TCO 8) A disadvantage of a high inventory turn rate is (Points : 10)
21. (TCO 1) Identify all of the time series forecast models and provide an explanation of how each one works and the level of accuracy of each model. (Points : 25
22. (TCO 4) Explain how critical work centers are used to develop rough-cut capacity profiles for the product family and the master schedule. (Points : 25)
23. (TCO 3) Describe the various operations within an amusement park that need to have balanced capacity. Which operations are most likely to become a bottleneck? How might an amusement park utilize yield management to influence demand to better fit available capacity? (Points : 25)
24. (TCO 7) Consider products you consume. Identify purchases you have made from firms with the following market orientations: make to stock, make to order, assemble to order, and engineer to order. (Points : 25)


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