Operations - Sales And Operations Management
This quiz ensures that the employees are aware of the processes and responsibilities involved in Sales and Operations Management.
Questions and Answers
- 1.
In association with ______ ______ review and submit planning documents
Explanation
The correct answer is "Finance Manager, finance manager, Manager of Finance, Finance manager, FINANCE MANAGER." The question is asking for the correct title or position associated with reviewing and submitting planning documents. The answer options all include variations of the title "Finance Manager," indicating that this is the correct position for the task described.Rate this question:
- 2.
Where necessary conduct ______ ________ ________ to determine misalignment between business goals and execution
Explanation
Root cause analysis is a method used to identify the underlying reasons or factors that contribute to a problem or issue. It involves digging deeper into the symptoms and examining the various causes to determine the root cause. By conducting root cause analysis, businesses can identify any misalignment between their goals and execution, helping them understand the fundamental issues that need to be addressed in order to achieve their objectives.Rate this question:
- 3.
The next step upon receiving demand and supply plans is to review and balance plans to agree on set target inventory and service levels
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because once the demand and supply plans are received, the next logical step is to review and balance these plans. This involves analyzing the plans to ensure that they align with the desired inventory levels and service levels. By doing so, the organization can establish a set target for inventory and service levels, which is crucial for efficient operations and meeting customer demands.Rate this question:
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- 4.
The next step upon receiving request from SOP meeting is to develop and/or review and finalize operational plans against corporate and financial strategies and goals for implementation.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because once the request from the SOP meeting is received, the next step is to develop and/or review and finalize operational plans. These plans are aligned with the corporate and financial strategies and goals. The purpose of this step is to ensure that the operational plans are in line with the overall objectives of the organization and can be effectively implemented.Rate this question:
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- 5.
Undertake supply planning on the _____ working day of the last week in each month to determine capacity and raw material inventory
Correct Answer
Third
third
3rd
3
THIRDExplanation
The correct answer is "third" or "3rd". This is because the question is asking for the specific working day of the last week in each month to undertake supply planning. The word "third" or "3rd" indicates that it is the third working day of the last week in each month.Rate this question:
- 6.
Develop ____ _______ _______ forecast that considers the projected demand quantities against capacity requirements
Correct Answer
Constrained Capacity Forecast
constrained capacity forecast
Constrained capacity forecast
CONSTRAINED CAPACITY FORECASTExplanation
The correct answer is "Constrained Capacity Forecast". This term refers to a forecasting method that takes into account the projected demand quantities and compares them to the available capacity requirements. It helps in determining if the current capacity is sufficient to meet the projected demand or if adjustments need to be made to the capacity levels.Rate this question:
- 7.
True or False: Make calculation to arrive at projected raw material requirements for the forecasted period and targeted raw material receipts by dates
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because in order to determine the projected raw material requirements for the forecasted period, calculations need to be made. These calculations take into account factors such as production levels, inventory levels, and anticipated demand. Additionally, targeted raw material receipts by dates are necessary to ensure that the necessary materials are available when needed. Therefore, it is important to make calculations to arrive at these projected requirements and receipts.Rate this question:
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