L3M1 Practice Questions

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Procurement and Supply Environments practice dumps & L3M1 exam dumps

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NEW QUESTION: 1
A medium-sized manufacturing company, which operates in the electronics industry, has employed a firm of consultants to carry out a review of the company's planning and control systems. The company presently uses a traditional incremental budgeting system and the inventory management system is based on economic order quantities (EOQ) and reorder levels. The company's normal production patterns have changed significantly over the previous few years as a result of increasing demand for customized products. This has resulted in shorter production runs and difficulties with production and resource planning.
The consultants have recommended the implementation of activity based budgeting and a manufacturing resource planning system to improve planning and resource management.
How will a manufacturing resource planning system improve the planning of purchases and production for the company?
Select ALL the correct answers.
A. It aims to generate an estimation of materials requirements after taking account of the number of employees quality and waste. The TQS model can be used within MRP provided that the major assumption in the TQS model of constant demand applies.
B. A manufacturing resource planning approach to the management of all the company's manufacturing resources including inventory, labour and machine capacity.
C. The technique will not enable managers to track orders through the manufacturing process and will not assist the purchasing and production control departments to move the right amount of material or sub-assemblies at the right time to the right place.
D. The correct inventory management system relies on the assumption that there is constant demand.
An MRP system begins with the setting of a master production schedule specifying both the timing and quantity demanded of each of the finished goods items and then works backwards to determine the resource requirements at each stage of the production process.
E. It seeks to ensure that resources are available just before they are needed by the next stage of production or dispatch. It also seeks to ensure that resources are delivered only when required so that raw material inventory is kept to a minimum.
F. The traditional approach to determine material requirements is to monitor inventories constantly; whenever they fall to a predetermined level, a preset order is placed to replenish them. This traditional approach (involving re-order levels and economic order quantity calculations originates in the pre- computer era.
Answer: B,D,E,F

NEW QUESTION: 2
A problem related to internal corruption has occurred in your company. The CEO has setup a new management team and had to do budget cuts until the situation is stabilized. Your portfolio is highly affected by this budget cut and you were obliged to cancel a few components. What is your best course of action in this case?
A. Prioritize components and assign the available resources to them
B. Do not cancel components; and request additional budget from the management
C. Raise the issue to the sponsor so he can get you additional resources
D. Cancel the components that are not performing well
Answer: A
Explanation:
Explanation
The budget cut is final and is instructed by the CEO, so the portfolio manager should act upon this decision.
Canceling the components that are not performing well is not a good approach as they can be major or prerequisites to other needed components, etc. The correct answer is to prioritize the components in order to cancel the components with the least priorities in order to remain within budget

NEW QUESTION: 3
온라인 소매 업체는 매주 금요일마다 일련의 플래시 판매가 발생하고 판매량은 판매량 만 증가하고 플랫폼은 증가 된로드를 처리합니다. 플랫폼은 3 계층 응용 프로그램입니다. 웹 계층은 Application Load Balancer 뒤에있는 Amazon EC2 인스턴스에서 실행됩니다.
Amazon CloudFront는 웹 서버로드를 줄이기 위해 사용되지만 많은 경우
동적 컨텐츠 요청은 웹 서버로 이동해야 합니다.
성능이나 안정성에 영향을 미치지 않으면 서 비용을 줄이기 위해 웹 계층을 어떻게 처리해야 합니까?
A. Amazon ElastiCache를 구현합니다.
B. 예약 된 예약 인스턴스를 구입하십시오.
C. T- 시리즈 인스턴스를 사용하십시오.
D. 스팟 인스턴스 사용.
Answer: B