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Review Guide Exam 2

This review guide covers key topics in forecasting, aggregate planning, and materials requirements planning. In chapter 3, it discusses forecasting methods, components of time series data, and metrics like mean absolute deviation and forecast bias. Chapter 11 covers aggregate planning problems and strategies, including available-to-promise and different capacity strategies. Chapter 12 questions cover dependent demand, lumpy demand, what MRP is, its inputs and outputs, MRP extensions, MRP II, and what an ERP system is.

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83 views1 page

Review Guide Exam 2

This review guide covers key topics in forecasting, aggregate planning, and materials requirements planning. In chapter 3, it discusses forecasting methods, components of time series data, and metrics like mean absolute deviation and forecast bias. Chapter 11 covers aggregate planning problems and strategies, including available-to-promise and different capacity strategies. Chapter 12 questions cover dependent demand, lumpy demand, what MRP is, its inputs and outputs, MRP extensions, MRP II, and what an ERP system is.

Uploaded by

Pilly Pham
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Review Guide Exam 2

Chapter 3
Key Characteristics of Forecast
The Forecasting Process
Judgment (qualitative) Forecasting methods
Associative Forecasting
Time Series Forecasting
Components of Time Series Data
Causes of Trend
Causes of Seasonality
Mean Absolute Deviation (MAD)
Forecast Bias
Tracking Signal
Chapter 11
Aggregate Planning
The Aggregate Planning Problem
Proactive Strategies (Demand Options)
Reactive Strategies (Supply Options)
Available-to-Promise
Chase Demand Strategy
Level Capacity Strategy
Master Production Scheduling (MPS)
Rough Cut Capacity Planning (RCCP)
Sales & Operations Planning
Planning Time Fence
Demand Time Fence
Chapter 12 MRP & ERP
1. What is dependent demand?
2. What is lumpy demand?
3. What are some causes of lumpy demand?
4. What is MRP?
5. What are the inputs and outputs of MRP?
6. List and define the extensions of MRP?
7. What is MRP II?
8. What is ERP?

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