Supply Chain Management Study Set 2

Statistics

Quiz 8 :
Sales and Operations Planning

Quiz 8 :
Sales and Operations Planning

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The aggregate operations plan translates annual and quarterly business plans into broad labor and output plans for the intermediate term of 3 to 18 months.
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True False
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True

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The objective of the aggregate operations plan is to insure that the marketing and sales plans are realistic.
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True False
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Answer:

False

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The aggregate operations plan differs in virtually every aspect in service organizations as contrasted with manufacturing organizations.
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True False
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False

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The sales and marketing plans are typically developed separately from the aggregate operations plan as a way of cross-checking results to insure the integrity of assumptions about the future.
True False
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Aggregate sales and operations planning occur in a company about every 3 to 18 months.
True False
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Aggregation in sales and operations planning is by groups of customers on the supply side and by product families on the demand side of the firm's supply chain.
True False
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Accurate medium-range planning increases the likelihood of operating within the limits of a budget.
True False
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The main purpose of the aggregate production plan is to specify the optimal combination of workforce level and inventory on hand.
True False
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The International Aggregate Planning Society (IAPS) has developed aggregate operations planning guidelines that are followed by a majority of manufacturing firms.
True False
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The sales and operations planning process consists of a series of meetings.
True False
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The sales and operations planning process is made up of a variety of analytical techniques that interact to produce short and intermediate term goals.
True False
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Subcontracting is viewed as a risky strategy because the firm may lose control of product design and pricing.
True False
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The operations plan should not be updated but should be followed precisely until the longest-term planning horizon has passed.
True False
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Fixed and variable costs incurred in producing a given product type in a given time period are relevant aggregate operations planning costs.
True False
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Backordering costs incurred in producing a given product type in a given time period are relevant aggregate operations planning costs.
True False
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Foregone profit margins are considered as relevant aggregate operations planning costs.
True False
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Costs incurred in hiring, training and laying off personnel are considered relevant aggregate operations planning costs.
True False
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Aggregate planning techniques is developed from the master schedule and the strategic capacity plan.
True False
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The widespread adoption of computing technology has led to the virtual abandonment of simple cut-and-try charting and graphical methods to develop aggregate operations plans.
True False
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The increasing complexity of modern operations management has made simple cut-and-try charting and graphical methods formerly used to develop aggregate operations plans impractical and obsolete.
True False
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