Aggregate Planning Quiz

What is aggregate planning?

• The process of developing a production plan for a business.

• A method for forecasting demand.

• A strategy for inventory management.

• A technique for resource allocation.

What is the importance of production alignment?

• It ensures production capacity aligns with forecasted demand.

• It helps in resource optimization.

• It reduces costs.

• It improves customer satisfaction.

What are qualitative methods in demand forecasting?

• Techniques that rely on expert opinion and judgment.

• Methods using historical data.

• Causal methods considering influencing factors.

• Statistical analysis techniques.

What is the focus of capacity planning?

• Balancing available resources with anticipated demand.

• Assessing production capabilities.

• Making strategic decisions.

• Managing inventory levels.

What does inventory management ensure?

• A company has enough products on hand to meet customer demand.

• Minimizing storage and handling costs.

• Reducing waste and spoilage.

• Optimizing stock levels.

What is the purpose of production scheduling?

• Determining the sequence and timing of production activities.

• Allocating resources effectively.

• Assigning tasks to specific machines or workers.

• Setting deadlines for production processes.

What is the goal of Just-In-Time (JIT) production?

• Minimizing waste by producing goods only when needed.

• Streamlining processes for efficiency.

• Building strong supplier relationships.

• Continuous improvement of production processes.

What does Total Quality Management (TQM) emphasize?

• Meeting customer needs and expectations.

• Continuous improvement in processes.

• Employee empowerment.

• Managing processes for consistency and quality.

What is the focus of supply chain optimization?

• Optimizing the flow of goods and information.

• Implementing inventory management strategies.

• Transportation planning.

• Fostering collaboration and partnerships.

What is Kaizen?

• Continuous incremental improvements.

• A data-driven approach to reduce defects.

• A method for eliminating waste.

• A customer-centric approach to quality.