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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Inventory Management | 15% | - Order quantity and safety stock policies - Inventory classification and optimization - Cycle counting and accuracy control |
| Topic 2: Continuous Improvement and Technology | 6% | - ERP and supply chain technology - Lean, Six Sigma, and TOC principles |
| Topic 3: Sales and Operations Planning (S&OP) | 18% | - S&OP process governance - Reconcile financial and operational plans - Aggregate demand and supply review |
| Topic 4: Strategic Management of Resources | 22% | - Risk management and sustainability - Performance measurement and KPIs - Align operations with organizational strategy |
| Topic 5: Demand Management | 12% | - Forecasting techniques and accuracy - Demand shaping and collaboration - Customer requirements and order management |
| Topic 6: Detailed Scheduling and Execution | 12% | - Distribution and logistics planning - Scheduling techniques and shop floor control - Capacity planning and management |
| Topic 7: Supply Management | 15% | - Supplier selection and relationship management - Material requirements planning - Procurement and contract management |
1. When procuring for innovative products, the focus should be on:
A) unit cost.
B) total landed cost.
C) lot sizes.
D) lead times.
2. A company's competitive business strategy is based on offering customized products or features and a rapid response tomarket shifts. The company's process technology and equipment should be characterized by which of the followingcombinations?
A) Product-dependent processes and automation based on product volume
B) Continuous flow processes and a high degree of fixed automation
C) Product-independent processes and flexible automation
D) Product-independent processes with parallel production lines
3. An advantage of activity-based costing (ABC) is:
A) it enables overhead costs to be allocated evenly across all products.
B) it uses cost drivers to allocate costs to products.
C) it allows raw material costs to be allocated on a per unit basis.
D) it is easier to establish standard costs.
4. Marketing has requested a significant change in the mix for a product family. The requested change falls between thedemand and the planning time fences. The most appropriate action by the master scheduler is to:
A) reject the request
B) accept the request.
C) check the availability of required material.
D) forward the request to senior management.
5. Operations strategy:
A) involves translating market requirements into operations decisions.
B) involves exploiting operations capabilities in the global market.
C) is a top-down activity where operations improvements cumulatively build strategy.
D) is a bottom-up reflection of what the whole group or business wants to do.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: A |
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