Forecasting Questions

Production and Operations Management Sample Questions 2004
Ql.     Product Positioning Strategies are often subdivided into: Make to Stock
Make to Stock and Assemble-to-Order Make or Engineer-to-jOrder Discuss with examples an industry where each of the above strategies might be used.
Q2.     Production Process Environment are: Jobbing Batch
Mass or Flow Production Discuss with examples an industry where each of the above processes might be used.
Q3.     What is meant by each of the following terms; Master Production Schedule Material Requirements planning Manufacturing Resource Planning Resource Requirements Planning Just-In-Time Manufacturing Production Activity Control Chase Production Strategy Level Production Strategy ABC Analysis
Q4.      In forecasting what is meant by, Qualitative techniques Quantitative techniques Moving Average Weighted Moving Average Exponential Smoothing Mean Absolute Deviation
Q5.     What are the advantages of a Make-to-Stock and Assemble-to-order strategy over a make-to-stock strategy.
Q6      What are the essential inputs into an Material Requirements Planning (MRP1) inventory management system and what are the outputs.
Q7.     What is a Bill of Materials? What are scheduled receipts? What is meant by a Lot for Lot (L4L) order rule.? What are advantages and disadvantages of safety stocks? What are the advantages of MRP1 over an Order Point system.
C:\Sep. 2001\CIM\POMQ'S2005.doc

Production and Operations Management Sample Questions 2004
Q8.      In forecasting what is meant by;
Qualitative techniques Quantitative techniques ...
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