Answer the following statements true (T) or false (F)
1) The goal of aggregate planning is to achieve a production plan that attempts to balance the organization's resources and meet expected demand.
2) An advantage of the chase SOP production plan is that inventories can be kept relatively low.
3) Disaggregating an SOP plan leads to a master production schedule (MPS).
4) The feasibility check of a Sales and Operations Plan (SOP) is rough-cut capacity planning.
5) The feasibility check of a Master Production Schedule (MPS) is the aggregate capacity plan.
1) TRUE
2) TRUE
3) TRUE
4) FALSE
5) FALSE
You might also like to view...
The three general types of decisions with regard to the operations and supply chain function include ______.
a. decisions related to the primary firm, first-tier suppliers, second-tier suppliers b. corporate, business, functional decisions c. strategic, tactical, operational decisions d. logistics, transportation, warehousing decisions
Describe what is included in an annual compensation report.
What will be an ideal response?
Blake Company purchased two identical inventory items. The item purchased first cost $29.00, and the item purchased second cost $30.00. Blake sold one of the items for $54.00. Which of the following statements is true?
A. Cost of goods sold will be higher if Blake uses the FIFO rather than the weighted-average inventory cost flow method. B. Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method. C. Gross margin will be higher if Blake uses LIFO rather than the FIFO inventory cost flow method. D. The dollar amount assigned to ending inventory will be the same no matter which inventory cost flow method is used.
Sandy wants to know how much she needs to save today to have $5,000 in five years at a 7% interest rate. Which of the following tables should she use?
A) Present value of $1 B) Present value of an ordinary annuity C) Future value of $1 D) Future value of an ordinary annuity