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A company is developing a linear programming model for its aggregate production plan. If I = units in inventory at the end of period t, P = units produced in period t, and D = demand in period t, then the company’s demand constraint to ensure that demand is met in quarter 2 is ....................
Collaborative planning, forecasting and replenishment (CFPR) is a process where the more influential member of the supply chain dictates schedules to ensure customer demand is satisfied
The SCOR mark __________.
Which of the following is best defined as a process for coordinating supply and demand?
When demand fluctuations are extreme using overtime and undertime is a feasible strategy for adjusting capacity
All of the following are inputs to the aggregate production planning process
The following information relates to a company’s aggregate production planning activities:
Quarter
|
Demand Forecast
|
1
|
37,500
|
2
|
45,000
|
3
|
25,000
|
4
|
62,500
|
Beginning Workforce = 125 workers
Production per Employee = 500 units per quarter
Hiring Cost = $750 per worker
Firing Cost = $1,500 per worker
Inventory Carrying Cost = $10 per unit per quarter
A company that produces printer cartridges had cost of goods sold last year of $629,462,423. The average value of inventory for raw materials, work-in-process, and finished goods are shown in the table below:
Raw Materials
|
$7,367,528
|
Work-In-Process
|
$22,893,232
|
Finished Goods
|
$16,523,451
|
If the company operates 50 weeks per year, then the weeks of supply in inventory would be
If costs of goods sold for a fiscal year are $125,000,000, markup is 10%, and inventory turns are 32.5, then its average aggregate value of inventory was $__________.
A demand-driven value chain is considered to be a global supply chain that is organized according to all the following overlapping areas of responsibility
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