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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Continuous Improvement and Technology | 6% | - Lean, Six Sigma, and TOC principles - ERP and supply chain technology |
| Topic 2: Detailed Scheduling and Execution | 12% | - Capacity planning and management - Scheduling techniques and shop floor control - Distribution and logistics planning |
| Topic 3: Demand Management | 12% | - Customer requirements and order management - Demand shaping and collaboration - Forecasting techniques and accuracy |
| Topic 4: Inventory Management | 15% | - Inventory classification and optimization - Order quantity and safety stock policies - Cycle counting and accuracy control |
| Topic 5: Strategic Management of Resources | 22% | - Performance measurement and KPIs - Risk management and sustainability - Align operations with organizational strategy |
| Topic 6: Supply Management | 15% | - Procurement and contract management - Material requirements planning - Supplier selection and relationship management |
| Topic 7: Sales and Operations Planning (S&OP) | 18% | - Aggregate demand and supply review - S&OP process governance - Reconcile financial and operational plans |
1. If all other factors remain the same, when finished goods inventory investment is increased, service levels typically will:
A) increase in direct (linear) proportion.
B) increase at a decreasing rate.
C) increase at an increasing rate.
D) remain the same.
2. Which of the following stock location systems would you use in a repetitive manufacturing, lean environment?
A) Central storage N
B) Fixed location
C) Floating location
D) Point-of-use storage
3. When procuring for innovative products, the focus should be on:
A) total landed cost.
B) unit cost.
C) lot sizes.
D) lead times.
4. Reducing distribution network inventory days of supply will have which of the following impacts?
A) Decrease turnovers and reduce cash-to-cash cycle time.
B) Increase turnovers and reduce cash-to-cash cycle time.
C) Decrease turnovers and increase cash-to-cash cycle time.
D) Increase turnovers and increase cash-to-cash cycle time.
5. Which of the following outcomes is a benefit of mixed-model scheduling?
A) Fewer setups
B) Improved demand response
C) Increased inventory
D) Fewer material shortages
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |
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