30 Dec c. Buying gas for your car.
Instructions:
Format for Problem Set:
1. Title page
2. Write Questions and Answers
3. Reference page (if needed and add citations for every reference)
Answers to these questions are found in Chapters 15, 17, 18, 20, and 21
Chapter 15:
1. List five major reasons why a new electronic components manufacturing firm should move into your city or town.
2. How do facility location decisions differ for service facilities and manufacturing plants?
Chapter 17:
3. Explain how an ERP system can improve the evaluation and analysis of performance metrics.
4. What supply chain metric measures how many complete orders were filled and shipped on time?
Chapter 18:
5. It is a common saying that the only thing certain about a forecast is that it will be wrong. What is meant by this?
6. What sorts of risks do you see in reliance on the Internet in the use of Collaborative Planning, Forecasting, and Replenishment (CPFR)?
Chapter 20:
7. Distinguish between dependent and independent demand in a McDonald’s restaurant, in an integrated manufacturer of personal copiers, and in a pharmaceutical supply house.
8. Which type of inventory system would you use in the following situations?
a. Supplying your kitchen with fresh food.
b. Obtaining a daily newspaper.
c. Buying gas for your car.
To which of these items do you impute the highest stockout cost?
Chapter 21:
9. Explain the need for time fences in the master production schedule.
10.Why is the MRP process referred to as an “explosion”?
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