Forecasting Questions

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. 2001CIMPOMQ'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. 2001CIMPOMQ'S2005.doc

Production and Operations Management Sample Questions 2004

Q13. What is meant by each of the following terms; Master Production