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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Demand Management | 12% | - Customer requirements and order management - Forecasting techniques and accuracy - Demand shaping and collaboration |
| Topic 2: Continuous Improvement and Technology | 6% | - Lean, Six Sigma, and TOC principles - ERP and supply chain technology |
| Topic 3: Detailed Scheduling and Execution | 12% | - Scheduling techniques and shop floor control - Distribution and logistics planning - Capacity planning and management |
| Topic 4: Sales and Operations Planning (S&OP) | 18% | - Aggregate demand and supply review - S&OP process governance - Reconcile financial and operational plans |
| Topic 5: Inventory Management | 15% | - Order quantity and safety stock policies - Cycle counting and accuracy control - Inventory classification and optimization |
| Topic 6: Strategic Management of Resources | 22% | - Performance measurement and KPIs - Risk management and sustainability - Align operations with organizational strategy |
| Topic 7: Supply Management | 15% | - Supplier selection and relationship management - Material requirements planning - Procurement and contract management |
1. An effective process to create meaningful change begins with:
A) identifying and discussing a past crisis, a potential crisis, or major opportunities.
B) refreshing corporate strategy to align with current marketplace realities for your industry.
C) using consultants to provide in-depth analysis of current management opportunities.
D) reviewing financial outcomes and metrics over the last 4 quarters year-over-year.
2. Providing a realistic basis for setting internal performance targets can be accomplished through:
A) benchmarking.
B) breakthrough innovation.
C) beta testing.
D) best practices.
3. Sales and operations planning (S&0P) in a make-to-stock (MTS) environment is concerned withprojecting:
A) item forecasts.
B) inventory.
C) bookings.
D) backlog.
4. An advantage of adopting a capacity-leading strategy is that:
A) there is sufficient capacity to meet demand.
B) there is sufficient demand to consume capacity.
C) overcapacity problems are minimized.
D) all demand is satisfied, and profit is maximized.
5. The cost accountant has discovered a consistent overage in actual run time for one operation. This informationshould besent first to the:
A) the engineering manager to evaluate the run time for the routing.
B) quality manager to add a new quality measurement to the operation.
C) production supervisor to review and explain the overage.
D) product manager to increase the selling price of the product.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |
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