The focus of S&OP strategies in the service sector is primarily on ______.
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Correct Answer:
Workforce schedules
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______ is a method using search decision rules to find the appropriate combination of production and workforce levels that will minimize costs.
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Simulation
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One of the primary activities of S&OP is acquiring ______ to meet expected demand.
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Human resources
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______ is a demand-matching strategy in which production is geared toward producing whatever amount of goods is needed to meet demand.
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Chase strategy
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Three basic strategies can be used to create product family level sales and operations plans: level, ______, and mixed strategies.
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Integrated
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Three basic strategies can be used to create product family level sales and operations plans: level, ______, and mixed strategies.
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Correct Answer:
Chase
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The objective of the S&OP process is to generate plans for production levels, employment levels, and inventory levels at the ______.
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Correct Answer:
Minimum cost
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______ is an optimization technique where the objective and constraint functions are linear and the variables are continuous.
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Correct Answer:
Linear decision rule
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______ is an optimization approach that can be used to create aggregate plans, where the total production cost is represented by a single quadratic cost function, which is minimized using calculus.
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Correct Answer:
Supply planning
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In the level strategy, the rate of production output and ______ are held constant.
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Workforce levels
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______ model uses the technique of regression analysis of past production decisions made by managers.
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Management coefficients
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The integration of customer-focused marketing plans for new and existing products with supply chain management is known as ______.
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Correct Answer:
Sales and operations planning
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______ refers to maintaining constant production and workforce levels and using inventories to bridge the gap between demand and production.
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Level strategy
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______ ensures there is sufficient manufacturing and distribution capacity to meet the demand forecasts.
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Correct Answer:
Supply planning
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Yield management is an approach for service companies with capacity constraints to _______ from its service operations
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Correct Answer:
Maximize revenue
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______can be used to obtain optimum aggregate or distribution plans that can enable planners to balance capacity
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Transportation method
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Top-down planning divides the resources across the _______
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Individual products
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sufficient manufacturing and distribution capacity to meet the demand forecasts is known as
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Supply planning
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Simulation is a method that uses search decision rules to find the appropriate combination of production and workforce levels that will minimize costs
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Correct Answer:
True
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A process that incorporates sustainability into S&OP, intended not only to cover carbon emissions is known as
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Sales and operations planning
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The integration of customer-focused marketing plans for new and existing this statement true for
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Sales and operations planning
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Mixed strategy is a
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Hybrid strategy
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Management coefficients model uses the technique of regression analysis of past production decisions made by managers
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Correct Answer:
True
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_______ technique in which the objective and constraint functions are linear and the variables are continuous
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Correct Answer:
Linear programming
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Which approach that can be used to create aggregate plans in which the total production cost is represented by a single quadratic cost function
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Correct Answer:
Linear decision rule
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Level strategy Also known as level
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Correct Answer:
Level scheduling
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A consolidated sales and operations planning approach that can respond to frequently changing global supply and market conditions is known as
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Correct Answer:
Level strategy and Linear decision rule
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Which of correct statement about Financial planning
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Correct Answer:
Planning is a step-by-step approach to meet one's life goals
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______ is a strategy in which production is geared toward producing whatever amount of goods are needed to meet demand
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Correct Answer:
Chase strategy
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_______Planning used when management calculates the resource requirements for each individual set of products or services
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Bottom-up planning
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A strategy in which employees of a service company are hired as contractors is known as
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Annualized hours strategy
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The process of matching supply and demand at the minimum total cost is known as
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Correct Answer:
Aggregate planning
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