Inventory deployment is responsible for which of the following activities? Question options: Finished inventory management Warehouse management Manufacturing resource planning Advanced planning and scheduling Transportation management Answer and explanation

SOLUTIONS
Question:

47 Inventory deployment is responsible for which of the following activities?
Question options:
Finished inventory management
Warehouse management
Manufacturing resource planning
Advanced planning and scheduling
Transportation management
Answer and explanation

• Transportation management
  Explanation:
  Inventory deployment is responsible for transportation management. It involves reviewing the needs of each customer in conjunction with sales, finance, supply as well as demand. It involves strategically positioning inventory so that less storage is needed and inventory costs are minimized as much as possible. What distance from production to storage, and what distance will be covered from storage to customers.

 

Question:

44 The sales and operations planning module belongs to which of the following subsystems?
Question options:
Enterprise resource planning
Enterprise operations
Enterprise planning and monitoring
Supply chain visibility and event management
Exceptions processing
Answer

• Enterprise planning and monitoring
  Explanation:
  The enterprise resource planning and monitoring subsystem support that entire process of sales, beginning with the pre-sales activities, sales orders, inventory sourcing, deliveries, billing as well as customer payments. Thus, anything to do with sales and operations planning, is covered by this module. This module also support various operational as well as administrative tasks like creating account payable or time sheet which can be customized to different industries for efficiency.

 

Question:

47 Which of the following is not a benefit of integrated supply chain planning?
Question options:
Ability to plan with shorter lead times.
Data integrity.
Integrated cross-functional planning.
Improved asset utilization.
Ability to plan using heuristic algorithms.
Answer

• Data integrity.
• Explanation:

Data integrity is not a benefit in integrated supply chain planning.

Among the benefits include: Ability to plan using heuristic algorithm, which helps in solving problems faster and more efficient than the traditional methods. Integrated supply chain planning reduces the time it takes from the moment a customer makes an order to the point when the product is delivered to the customer and ready for use which implies a decreased lead time. It also helps in bringing together activities of various functional groups towards the same single project for faster delivery and efficiency.

.

 

Question:

Question 7

0 / 1 point

The lowest total process cost is:

Question options:

Always the sum of the lowest cost for each involved function.

The lowest cost for each involved function.

Sometimes the lowest cost for each involved function.

Usually involving careful cost integration.

A sub-optimal solution for careful cost integration.

.
Answer

• The lowest cost for each involved function.

Explanation:

The lowest total process cost refers to the lowest cost for each involved function including materials, labor and overhead. If the function has work-in-process inventory at the beginning of the process, then the total costs of all the units used in the process must be calculated in order to determine the total process cost. There is the lowest process cost as well as the highest a process requires for completion.

 

 

Question:

51 The objective of Extensible Markup Language (XML):
Question options:
Allow for more flexibility when exchanging information between supply chain partners.
Defines precise formats for information exchange.
Can be easily converted to Hyper Text Markup Language (HTML).
A and C.
B and C.
Answer

• The product’s density.
  Explanation:
  Product’s density is the product characteristic that most directly influences the cost of transport. If the customer perceive a product as of high quality, transportation becomes more expensive. A product with high value and high density will mostly be stored near the customer to minimize inventory and handling costs. A product with high density will demand high speed delivery. Additionally, inventory costs depends on product density, hence transporting such goods is costly compared to low density products.

 

 

 

Solutions are as follows
Question:

Which of the following statements are true concerning supply chain systems?

1. Using customer collaboration techniques like CPFR will typically reduce the bullwhip effect
2. The bullwhip effect is present when demand variability increases as you move downstream in a supply chain
3. Order batchning never makes sense in a supply chain

Answer

• Using customer collaboration techniques like CPFR will typically reduce the bullwhip effect
  Explanation:
  Bullwhip effect refers to the inefficient coordination between supply chain partners. It is a result of variability of orders as one moves up, and closer to the source of production. CPFR is known to cause a reduction in bullwhip effect by replenishing inventory and forecasting customer demand. CPFR allows easier collaboration on sharing information and resolving exceptions, as well as managing data and technology, reducing bullwhip effect.

 

Question:

Which of the following statements are true concerning supply chain >complexity?

1. activity based costing techniques tend to undercost high complexity/low volume products
2. Drivers of complexity are also typically drivers of increased profitability
3. Supply chain complexity only applies to global supply chains

Answer

• Drivers of complexity are also typically drivers of increased profitability
  Explanation:
  Supply chain complexity implies that a change in one element causes changes on other elements of the supply chain. Complexity appears as an organisation pursue profit goals. Whenever an organisation tries to improve its profitability, there is always a hidden cost of complexity. The more things an organisation has, the higher associated complexity in terms of number of suppliers, products or customers etc.

 

Question:

Whats the process that is designed to raise a profile in a positive manner in order to attract job seekers’ interest.
Answer

• Image advertising
  Explanation:
  A company’s recruitment image is affected by advertisements it places for products. To ensure the company’s profile is rated better by job seekers, many company’s carry out what is called image advertising. By doing this, the organisation’s image is raised to attract job seeker’s interest in a positive manner. An example of image advertising is sponsoring cultural events.

Top of Form

 

 

 

 

Answer

• 1. Companies that plan have larger profits and faster growth than companies that don’t.
  True
  2. Top managers are responsible for creating a climate for change in an organization.
  True
  3. First-line managers are the only managers who do not supervise other managers.
  True
  4. While strong interpersonal conflict management skills are important for first-line managers, it is not a very important skill for team leaders.
  False
  5. Companies look for a total of four sets of skills in individuals to identify potential managers. These desired skills are technical skills, human skills, conceptual skills, and motivation to manage.
  True
  6………… is defined as getting work done through others.
  a. Management
  7……… is the accomplishment of tasks that help fulfill organizational objectives.
  d. Effectiveness
  8. A manager engaged in the management function of ____ is determining organizational goals and the means for achieving them.
  c. planning
  9. A U.S. Marine drill instructor motivating new recruits to challenge themselves is engaged in which management function?
  a. leading
  10. First-line managers will most likely have to:
  b. encourage, monitor, and reward the performances of their employees
  Explanation:

1. There are five important managerial functions that every manager needs to perform in order to be successful. They include planning, organizing, coordinating, commanding and controlling. Planning is important because it helps in determining what is needed to achieve the set goals and those “companies that plan have larger benefits and faster growth than companies that don’t plan” (Williams, page 5).
2. The top managers are tasked with the responsibility of creating a climate for change within the organization, encouraging employees to seek ways of constantly improving efficiency and suggesting specific improvements in the departments.
3. The first-line managers are the entry level of management and closest in contact with the workers. They are the managers responsible in making sure than plans and objectives of the organization are implemented effectively but do not supervise other managers
4. Team leaders require strong interpersonal skills because communication is needed in everyday work with the team members and it is the leader’s role to ensure effective communication environment.
5. There are three types of management skills according to Robert Katz, they include technical skills, conceptual skills and human or interpersonal management skills.
6. Management is defined as getting work done through orders, and involves four main roles which are planning, organizing, directing and controlling.
7. Effectiveness is defined as the accomplishment of tasks that help fulfill organizational objectives. This include things such as customer service and satisfaction.
8. In management, planning entails the process of defining goals for a company and determining the missions and resources necessary to fulfill the goals. The manager may develop strategic plans, marketing plan or business plan
9. Leading entails the use of influence by the manager to motivate the employees to achieve organizational goals. When the manager motivates new recruits to challenge themselves, he/she is involved in leading function.
10. First-line managers are primarily responsible for managing the performance of entry-level employees by encouraging, monitoring and rewarding their performance.

 

 

 

Question:

As one moves up the organizational ladder, the responsibility and duty statements are stated in

(a) very precise terms

(b) more general terms

(c) goal-oriented terms

(d) terms related to financial requirements

Answer

• (c) goal-oriented terms

Explanation:

The top management lays down the objectives and broad policies of the organization. The responsibility and duty statements are goal-oriented. As you move down the management hierarchy, the role of organizing and controlling decreases and the duties and responsibilities become more specific to each individual. Employees complement each other for the purpose of achieving the organizational goals and objectives.

 

 

 

 

 

Question:

You're interviewing for a position as a Human Resources Professional. During the interview, you're asked to describe what you would do if a few top performers stopped meeting their goals and their performance began dropping off. What would you recommend?

 

A.If the top performers are no longer performing, it is best to terminate them.

 

B.Put the top performers on notice that they must meet their goals and improve their performance to avoid termination.

 

1. Demoting the top performers would send the message that poor performance is unacceptable. They could gradually work their way back up after training.

 

D.Rotating top performers into other jobs or other departments would challenge them to set and meet goals in a new environment.

Answer

• Demoting the top performers would send the message that poor performance is unacceptable. They could gradually work their way back up after training.

Explanation:

The best strategy is to demote the employees to give others the same role. Demotion is kind of punishment that does not necessarily mean bad to the employee, but serves to discourage poor performance while encouraging them to perform better for future promotion. Job rotation is more efficient when an employee is already performing in their current positions. In this case, job rotation would not work well like demotion.

 

 

 

 

 

Question:

A​ "planning process that translates the master schedule into planned orders for the actual parts and components needed to produce the master schedule​ items" is the definition of

 

A.

material requirements planning.

 

B.

production activity control.

 

C.

bill of material.

 

D.

sales and operations plan.

Answer

material requirements planning.

Explanation:

"Material Planning Requirements refers to the process of planning which translates the master production schedule into planned orders for the actual parts and components needed to produce the master schedule items".

Material Requirements Planning is based on three concepts. They are the bill of material which lists intermediates, parts and raw materials that enter a parent assembly. The second concept is that of backward scheduling and last concept is that of Explosion of the bill of material. MRP must have accurate information, accommodate uncertainty and organizational discipline.