Operations Management: Sales and Operations Planning
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does the sales staff look at to forecast sales?

  • Customer feedback, competitor analysis, and inventory levels
  • Historical sales trend, marketing strategies, and industry trends (correct)
  • Quality control reports, employee performance, and technological advancements
  • Financial data, production schedules, and inventory management techniques

    • What is a key component of the Supply Planning process?

  • Production schedules (correct)
  • Market research
  • Customer complaints
  • Sales forecasts

    • How does S&OP help improve customer satisfaction?

  • By increasing advertising spending
  • By outsourcing customer service
  • By guaranteeing product availability and on-time delivery (correct)
  • By offering discounts on bulk purchases

    • What is an outcome of effective resource allocation in terms of costs?

    <p>Lower costs for the organization as a whole (A)</p> Signup and view all the answers

    Who is primarily responsible for creating the demand plan in the S&OP process?

    <p>The demand planner (D)</p> Signup and view all the answers

    What is the main purpose of Economic Order Quantity (EOQ)?

    <p>Minimize total ordering costs (B)</p> Signup and view all the answers

    How does lower order quantities affect ordering costs according to the text?

    <p>Increase setup costs (D)</p> Signup and view all the answers

    What is a key aspect of effective inventory management as mentioned in the text?

    <p>Optimizing cash flows (D)</p> Signup and view all the answers

    In supply chain optimization, what can organizations achieve by analyzing large volumes of supply chain data?

    <p>Identify patterns and optimize inventory levels (A)</p> Signup and view all the answers

    How does effective inventory management impact customer satisfaction?

    <p>Improve product availability (B)</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser