1. The following are objectives of the master schedule EXCEPT:
a. balances the workload in terms of total capacity and capacity at each workstation and for each worker.
b. provides a way of assessing the impact of new orders and providing delivery dates for accepted orders.
c. plans production quantities to satisfy demand based on customer orders and forecasts.
d. usually frozen or unchangeable in the near term (the next few days or weeks).
e. All of the above are objectives of the master schedule.
2. The amount of inventory that is physically in stock at the end of the most recent time bucket is the:
a. beginning inventory.
b. gross requirements.
c. scheduled receipts.
d. projected on-hand inventory.
e. planned receipts.
3. The estimated inventory that will be available after the gross requirements have been satisfied, plus any planned or scheduled receipts for that time bucket is the:
a. beginning inventory.
b. gross requirements.
c. scheduled receipts.
d. projected on-hand inventory.
e. planned receipts.
4. Which of the following is considered to be a critical feature of success for enterprise resource planning (ERP)?
a. Hardware must be carefully matched with an organization's business model.
b. Software must be carefully matched with an organization's business model.
c. Users of electronic inventory systems must be extensively trained.
d. Input data accuracy for electronic inventory systems must be close to 100 percent.
e. All of the above.