General
What is organized in Storage Locations?
Stock
This includes finished goods, semi finished products raw material, spare parts, etc.
What is 1996?
Each work center is assigned to a cost center
True (n:1)
In the demand management portion of production planning, planned independent requirements (PIR) are basically used for what type of scenarios?
Make-To-Stock
These scenarios are based on forecasted and actual sales
This process determines whether materials are available for a production order.
What is the Material Availability Check?
One Storage Location can have many plants
False
1 company code - N plants
1 storage location - 1 plant
Which Migos members are related to each other?
Who are Quavo and Takeoff (fly high)?
Quavo is Takeoff's uncle
The __________ determines how cost is calculated both for cost estimates with and cost estimates without quantity structure.
Costing Variant
The costing variant includes the valuation variant and the quantity structure control
In the demand management portion of production planning, customer independent requirements (CIR) are basically used for what type of scenarios?
Make-To-Order
Forecasts based on actual customer sales- derived from sales orders
This Senior Associate is from the Salt Lake City office.
Who is Drew?
Drew moved to Salt Lake City from the Philly area to ski more.
What are the two core processes of PTP?
1. Production Planning- Subprocesses: S&OP, demand management, MPS, MRP, planned order
2. Production Execution- Subprocesses: Production order, material availability, capacity planning, manufacturing execution, goods receipt, settlement, closing
The Production Order has different types of cost that are important to understand for the the value flow of the production order. What are the three different types of cost?
Plan, Target, and Actual
Plan: plan cost according to cost estimates
Target: plan cost according to actual quantity
Actual: cost that are calculated with the actual usage for the production order
What is the output of MRP?
A detailed production and/or purchasing plan
MRP calculates requirements for all levels of the bom while considering available warehouse stock and scheduled receipts from purchasing and production
Four schools have multiple alumni in the room. Name the schools and the alumni.
Brandon and Kyle (Grand Valley State)
Erica and Rachel (Illinois - Urbana Champaign)
Nikhil and Drew (Penn State)
Sam, Grace, Lauren, and Jake (Michigan)
MRP calculates requirements for all levels of the ___. MPS only calculates requirements for the first level items in the __.
BOM , BOM
What is the Appalachian Mountain?
The Appalachian Trail can be seen from the NY Office
What is the standard cost estimate used to calculate?
Standard Price of the Material
Define backward scheduling
Backward scheduling is when businesses make their items at the last possible available period before the due date
Which associate has founded multiple startups and venture capital funds?
Who is Jerry Teng?
He is the founder of Sponta, StarKeys, and was a senior VC fellow at Blitz Scaling Ventures (Thanks LinkedIn)
Transaction KP26 will take you to what?
Cost center/ activity type planning
Atlanta was called this prior to 1845.
What is The Terminus?
How do you use the results of a released standard cost estimate? There are 2 correct answers to this question.
To calculate the price of an activity type, To update the current standard price in the material master record, To calculate the plan costs in a production order
What MRP Control Parameter defines the scope of a planning run?
Processing Key
Typically NETCH (net change in total horizon)
The workstream Katelyn belonged to before switching to PMO.
Supply Chain