The supply manager for a semiconductor company receives an emergency phone call from the firm's factory manager, who states that the manufacturing equipment is down and that a replacement part is needed as soon as possible. The supply manager checks the stock for this part but finds nothing. In this situation, the supply manager should do which of the following?
A firm completes its near level production, five-month demand plan for the next business planning cycle:
Month 1Month 2Month 3Month 4Month 5
Demand Forecast15,00020,00025,00025,00018,000
Production Plan (Regular Time)20,00020,00020,00020,00018,000
Production Plan (Overtime)5,000
Ending Inventory5,0005,000
Average Inventory2,5005,0002,500
Workforce PlanningStarting WorkforceMonth 1Month 2Month 3Month 4Month 5
Hires7
Layoffs2
Actual Workforce Size132020202018
Regular Time Hours Required2,0002,0002,0002,0001,800
Overtime Hours Required500
Costs
Regular time cost per unit$15
Overtime cost per unitS25
Monthly inventory cost per unit$1
Cost of hire$1,500
Cost of layoffS400
What is the cost of this demand plan?
A supplier with a previously good performance record has recently been shipping parts with a number of flaws, making them unusable for production. The firm’s supply manager would like to resolve these problems before taking more drastic measures. Which of the following actions should the supply manager take FIRST’
A supply manager is reviewing safety stock for a particular unit. The unit is small, Inexpensive, non-perishable, and easily stored, but is critical to the firm's manufacturing process. The following information is known about this unit:
Maximum lead time = 8 Days
Average lead time = 3 Days
Maximum daily usage = 6,000 Units
Average daily usage = 4,000 Units
What is the maximum safety stock that should be maintained for this unit?
A company is expanding its production capability. A project manager is assigned to bring a team of stakeholders together to conduct an analysis of the situation and develop a plan. During the analysis, the project manager gains an understanding of what resources stakeholders are willing to commit, the stakeholders' expectations, and what the stakeholders have to gain from the project. This analysis is MOST likely to identify which of the following?
A wine bar which also serves tapas and sandwiches notices that its customer volume fluctuates significantly (depending on convention tourism and hotel night stays) and that wait times for seating are growing longer. As a result, managing demand for perishable food products is becoming more challenging.
Which of the following would be MOST useful in this scenario?
An organization has a forecast for June of 125 units. However, 140 units actually sell. What is the exponential smoothing forecast for July if the alpha is 0.2?
XYZ Company engages a freight bureau to conduct an audit of its freight forwarder. How can XYZ BEST utilize the information obtained from this review?
An organization purchases material from several countries. These materials are assembled into products and sold in several other countries. This firm's product specifications will MOST likely reference
At the beginning of each year, a large firm’s indirect procurement organization holds a brainstorming session. These sessions produce many great ideas and foster support among the procurement team. However, after a few years, support for the brainstorming sessions begins to diminish, and the projects discussed are pushed aside in order to deal with more pressing issues. In this situation, which of the following would be the BEST course of action to take?