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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.

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    Operations and Supply Chain Management: Key Concepts and Strategies  1 Which of the following is an input to the master production schedule (MPS)?  The aggregate plan  Bill of materials  Exception report  Inventory records file Correct  2 What is the important starting point in developing a capacity plan?  Predicting the needs of customers  Predicting the ability of suppliers to meet needs  Understanding key components of the supply chain  Determining the effective capacity of a resource over some period of time. Correct  3

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    Which of the following is an essential resource that flows through a hospital supply chain?  Patients  Information  Doctors and Nurses  Medicine Correct  4 The text mentions several common approaches to use when developing a strategy to close a capacity gap (where utilization of a resource exceeds capacity available). Which of the following is among the common approaches mentioned?  Transferring capacity from other units  Hire more employees  New construction  Closing a related department Correct  5 What is another name for the fixed - order quantity inventory model?

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     Cycle counting model  Periodic replenishment model  The ABC model  Economic order quantity model Correct  6 What is the effect of the lack of synchronization among supply - chain members?  Forward buying  Continuous replenishment  Bullwhip effect  Metcalf's Law Incorrect  7 In conducting aggregate operations planning there are a number of required inputs. Which of the following are inputs considered most external to the firm? 

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