BMG273-13

AHMED

100

deals with the planning, execution, and control of all the resources that are used to produce goods or provide services in a value chain.

RESOURCE MANAGEMENT?

200

is the development of a long-term output and resource plan in aggregate units of measure.

AGGREGATE PLANNING?

300

is the process of translating aggregate plans into short-term operational plans that provide the basis for weekly and daily schedules and detailed resource requirements.

DISAGGREGATION?

400

refers to moving work from one workstation to another, assigning people to tasks, setting priorities for jobs, scheduling equipment, and controlling processes.

EXECUTION?

500

integrate all aspects of a business—accounting, customer relationship management, supply chain management, manufacturing, sales, human resources—into a unified information system, and they provide more timely analysis and reporting of sales, customer, inventory, manufacturing, human resource, and accounting data.

ENTERPRISE RESOURCE PLANNING (ERP) SYSTEMS?

ETHAN

100

A strategy that plans for the same production rate in each time period.

LEVEL PRODUCTION STRATEGY?

200

A strategy that sets the production rate equal to the demand in each time period.

CHASE DEMAND STRATEGY?

300

A statement of how many finished items are to be produced and when they are to be produced.

MASTER PRODUCTION SCHEDULE (MPS)?

400

defines the quantity and timing for assembling subassemblies and component parts into a final finished good.

FINAL ASSEMBLY SCHEDULE (FAS)

500

is a forward-looking, demand based approach for planning the production of manufactured goods and ordering materials and components to minimize unnecessary inventories and reduce costs.

MATERIAL REQUIREMENTS PLANNING (MRP)?

CALEB

100

is demand that is directly related to the demand of other SKUs and can be calculated without needing to be forecasted.

DEPENDENT DEMAND?

200

is a hierarchical record analogous to a BOM that defines labor inputs necessary to create a good or service.

BILL OF LABOR (BOL)?

300

are finished goods scheduled in the MPS or FAS that must be forecasted.

END TEMS?

400

is manufactured from one or more components.

PARENT ITEM?

500

are any items (raw materials, manufactured parts, purchased parts)other than an end item that goes into a higher-level parent item(s).

COMPONENTS?

UNU

100

always has at least one immediate parent and also has at least one immediate component.

SUBASSEMBLY?

200

is the process of using the logic of dependent demand to calculate the quantity and timing of orders for all subassemblies and components that go into and support the production of the end item(s).

MRP EXPLOSION?

300

are the time-period size used in the MRP explosion process and usually are one week in length.

TIME BUCKETS?

400

are the total demand for an item derived from all of its parents.

GROSS REQUIREMENTS (GR)?

500

are orders that are due or planned to be delivered.

SCHEDULED OR PLANNED RECEIPTS (S/PR)?

HAMS

100

specifies the quantity and time an order is to be received.

PLANNED ORDER RECEIPT (PORec)?

200

specifies the planned quantity and time an order is to be released to the factory or a supplier.

PLANNED ORDER RELEASE (PORel)?

300

is the process of determining the appropriate amount and timing of ordering to reduce costs.

LOT SIZING?

400

An ordering schedule that covers the gross requirements for each week is called?

LOT-FOR-LOT (LFL)?

500

is the expected amount of inventory on hand at the beginning of the time period considering on-hand inventory from the previous period plus scheduled receipts or planned order receipts minus the gross requirements.

PROJECTED ON-HAND INVENTORY (POH)?