Discuss Different levels of planning in supply chain operations management

Question

Question 1.1.(TCO 1) Different levels of planning in supply chain operations management include (Points : 5)

general and detailed planning

strategic, tactical, and operational planning

long-term and short-term planning

logistical, operational, and procurement planning

Question 2.2.(TCO’s 1) Which of the following is a measure common to both the strategic profit model and the SCOR model? (Points : 5)

Responsiveness

Return on assets

Delivery performance

Lead time

Question 3.3.(TCO 1) The demand for housing is characterized by a regular pattern of increasing to a peak, then falling. When the demand reaches a low point, it then repeats the pattern. This pattern usually takes place over a 3- to 5-year period. This is an example of which type of demand pattern?(Points : 5)

Autocorrelation

Seasonality and cycles

Step change

Trend

Question 4.4.(TCO 1) For Platinum Nugget Hotel in Las Vegas, Saturday is the best day of the week for business. The gambling take for the hotel on Saturdays over the past 4 weeks was as follows.
Week $ Take
(1) $250,000
(2) $190,000
(3) $300,000
(4) $280,000
Using a moving average withn= 3 terms, what would be the forecast for Week 5.(Points : 5)

$256,667

$246,667

$255,000

$232,124

Question 5.5.(TCO 1) Assume that the forecast for the last period is FITt = 200 units, and recent experience suggests a likely sales increase of 10 units each period. Actual sales for the last period reached 230 units. Assuming a smoothing coefficient of ? = 0.20 and a trend smoothing coefficient of ? = 0.10, what is the BASE forecast for the next period?(Points : 5)

210

206

236

226

Question 6.6.(TCO 1) The tracking signal will suggest to a manager that(Points : 5)

demand for an item is changing.
there is seasonality in demand

a forecast mode’s parameters may need adjustment

All of the above

Week 2

Decisions being made about the aggregate production plans represent what type of planning?

Strategic-level planning

Tactical planning

Detailed operational planning

Long-term planning

Question 2. 2. (TCO 2) Each month the sales and operations team at Johnson Company meets to develop plans for each of the next 6 months. This process is known as (Points : 5)

collaborative planning and forecasting

rolling planning horizons

unconstrained planning

continuous planning

Question 3. 3. (TCO 2) If a company strongly prefers that its aggregate output plan be closer to a level plan than a chase plan, this implies that it is concerned about minimizing (Points : 5)

inventory carrying costs

hiring and layoff costs

the cost of subcontracting

Both A and C

Both B and C

Question 4. 4. (TCO 2) Zanda Corp. and Jones Corp. are identical in every way (products produced, costs, demand, etc.) except for one. Zanda uses a level production plan while Jones prefers a chase production plan. Which of the following is most likely to be true? (Points : 5)

Jones will have higher investment in plant and equipment

Jones will have higher hiring and firing costs

Jones will have lower inventory carrying costs

All of the above

Question 5. 5. (TCO 2) . The following are other critical data.
Production cost per unit = $250
Inventory carrying cost per quarter per unit = $10 (based on quarter-ending inventory)
Hiring cost per worker = $1,000
Firing cost per worker = $2,000
Beginning number of workers = 10
Each worker can produce 100 units per quarter.
Any worker on the staff at the end of the year will not be fired at that time.
Given these data, what is the inventory carrying cost of a level plan? (Points : 5)

$100,000

$700,000

$70,000

$7,000

Question 6. 6. (TCO 2) You are sitting next to a person in business class on a flight from Los Angeles to Sydney, Australia. You mention to that person that you got your ticket 2 months ago for only $12,500. The person responds that she bought her ticket 2 days ago for $7,800. This sometimes happens because airlines often use an approach called (Points : 5)

capacity management

yield management

load management

workforce leveling