Forecasting Questions
Essay by review • February 18, 2011 • Research Paper • 937 Words (4 Pages) • 1,421 Views
Production and Operations Management Sample Questions 2004
Ql. Product Positioning Strategies are often subdivided into: Make to Stock
Make to Stock and Assemble-to-Order Make or Engineer-to-jOrder Discuss with examples an industry where each of the above strategies might be used.
Q2. Production Process Environment are: Jobbing Batch
Mass or Flow Production Discuss with examples an industry where each of the above processes might be used.
Q3. What is meant by each of the following terms; Master Production Schedule Material Requirements planning Manufacturing Resource Planning Resource Requirements Planning Just-In-Time Manufacturing Production Activity Control Chase Production Strategy Level Production Strategy ABC Analysis
Q4. In forecasting what is meant by, Qualitative techniques Quantitative techniques Moving Average Weighted Moving Average Exponential Smoothing Mean Absolute Deviation
Q5. What are the advantages of a Make-to-Stock and Assemble-to-order strategy over a make-to-stock strategy.
Q6 What are the essential inputs into an Material Requirements Planning (MRP1) inventory management system and what are the outputs.
Q7. What is a Bill of Materials? What are scheduled receipts? What is meant by a Lot for Lot (L4L) order rule.? What are advantages and disadvantages of safety stocks? What are the advantages of MRP1 over an Order Point system.
C:\Sep. 2001\CIM\POMQ'S2005.doc
Production and Operations Management Sample Questions 2004
Q8. In forecasting what is meant by;
Qualitative techniques Quantitative techniques Moving Average Weighted Moving Average
Q9. Describe in detail the common Priority Decision Rules that are used in Production Activity Control.
Q10. What are the advantages of JIT manufacturing over traditional manufacturing.
Ql 1. What are the essential inputs into an Material Requirements Planning (MRP1) inventory management system and what are the outputs.
Q12. The requirements for Component "A" are described in the attached Tree Structure Bill of Materials. Use the following information to determine the Planned Order Releases on the attached MRP sheets.
D
B
C
(2)
F
(3)
E
(2)
Component
Lead Time
Lot Size
On Hand
A
1 Week
40
25
B
2 Weeks
30
50
C
1 Week
100
65
D
2 Weeks
25
20
E
1 Week
60
35
F
2 Weeks
24
12
The Gross requirements are for 40 A's in week 8 and for 75 A's in week 11.
C:\Sep. 2001\CIM\POMQ'S2005.doc
Production and Operations Management Sample Questions 2004
Q13. What is meant by each of the following terms; Master Production Schedule Chase Production Strategy Level Production Strategy A machine load report
Q14 What is meant by the Philosophy of JIT manufacturing.
Q15. The following items are in queue at a workstation, along with other relevant information. The present date is day 165.
Order
Due Date
Manufacturing Lead Time Remaining (days)
D147
168
2
S221
186
12
D154
174
5
S234
166
1
P198
196
28
(a) Determine their relative priorities based on their due dates.
(b) Determine their relative priorities based on their Critical Ratios.
(c) Determine their relative priorities based on their Slack Time.
Q16 (a) Show with the aid of a diagram the major inputs to an MRP system, (b) Explain clearly the above inputs and where they are obtained.
(d) Describe the basis differences between MRP and the traditional stock control
systems.
Q17. Explain the function of an ABC inventory control system and how is the process carried out. Q18. What is the function of Safety
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