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personal financial planning

Questions and Answers of Personal Financial Planning

What is route optimisation?
What is rule based availability check?
What is global available to promise capability?
What is sequence optimisation? How do supply chain planning tools help in this?
What is simultaneous planning?
What is demand prioritisation? How do supply chain planning tools help in demand prioritisation?
What do you mean by supply network planning?
What is meant by consistent planning?
What is consensus forecasting?
Who are the leading network design software vendors?
What is network design?
What are the typical modules of a supply chain planning software?
Who are the leading vendors in supply chain software market? Who are the leaders in this space?
How the focus of ERP software is different from that of supply chain?
What is the difference between supply chain planning and execution?
What is operational supply chain planning? What kinds of decisions are taken here? What is the horizon of this kind of planning?
What is tactical supply chain planning? What kinds of decisions are taken here? What is the horizon of this kind of planning?
What is strategic supply chain planning? What kinds of decisions are taken here? What is the horizon of this kind of planning?
PI sheet is a requirement for process industry.
Backflushing is a characteristics of process industry.
Operation overlapping is a strategy to reschedule orders.
Resource planning is linked with SOP.
Rough cut capacity planning is linked with MRP.
Closed loop MRP does a reality check of MRP plan.
In “Lot for lot” lot sizing procedure a lot is always created for a fixed quantity.
MRP works based on gross requirement.
MRP planning sequence is determined by low level code.
Kanban supports __________ principle against ERP’s ________ principle.
In process industry BOM is replaced by _____________.
Work centers are important for _______________ _____________, ________ and _________.
LTP is a special type of _________ run.
CRP is linked with __________.
For service industries bill of material is replaced by bill of __________.
MRP run creates ________ orders and __________ requisitions.
Lot for lot is a _______________ _____________ procedure.
SOP stands for _______________ _____________ _______________.
ATP stands for _______________ _____________ _______________.
JIT stands for _______________ _____________ _______________.
MPS stands for _______________ _____________ _______________.
LTP stands for _______________ _____________ _______________.
DRP stands for _______________ _____________ _______________.
MRP II stands for _______________ _____________ _______________.
CBP stands for _______________ _____________ _______________.
MRP stands for _______________ _____________ _______________.
Explain the characteristics of repetitive manufacturing and Kanban manufacturing
Explain different characteristics of process industry and how does ERP support that.
What are the master data elements of ERP production planning? Explain each of them.
How do ERPs support capacity management? What type of different strategies do ERP support for rescheduling orders so that it can be accommodated within available capacity?
How do ERPs support MPS process?
What is long term-planning? What are its objectives? How does ERP support LTP process?
Explain distribution requirement planning process? What are its objectives? What are the inputs to DRP process?
How ERP supports capacity planning at four levels? What is the major drawback of ERP-based capacity planning?
What are the main limitations of ERP? Discuss each of them.
Explain the concept of backward scheduling and time fence.
Explain lot sizing procedures. Why is it important for material planning? Explain the three popular lot sizing procedures.
How ERP planning sequence is determined by low level code? Explain with an example.
What is consumption based planning? How this is different from MRP? For what type of items, CBP is used and for which items MRP based planning is used?
Explain different MRP concepts.
What is master production scheduling? What are the inputs to the MPS process? Explain the concept of ATP.
Explain sales and operations planning process. What are its inputs? SOP includes a set of review processes– what are they? Explain some of the KPIs of SOP process.
Explain five levels of MRP II. How these levels vary by purpose, planning horizon, level of detail and planning frequency?
What is electronic Kanban card?
What is material staging?
What is back flushing?
What is batch management?
What are the four important master data elements for ERP production planning?
What is forward scheduling?
What strategies ERP support for rescheduling orders?
What planning run supports simulation?
What is LTP?
What are the six inputs to DRP process?
What is DRP?
Name four levels of ERP capacity planning
What is closed loop MRP? What benefits does it provide over ERP?
Name few limitations of MRP?
What is bill of service?
What are the two main outputs of an MRP run?
What are MRP exception messages?
What is time fence? Why is it needed?
What is backward scheduling? How dates are calculated in MRP?
What are the three common lot sizing procedures?
What is net requirement? How is it different from gross requirement?
What is planning sequence? How is it related to low level code.
What is Planning horizon? Why is it important?
What is CBP?
How ATP is calculated?
What are the typical inputs to MPS process?
What is MPS?
What is the KPIs of SOP process?
What are the typical reviews done during SOP process?
What are the four primary inputs of SOP process?
What is MRP? What is its purpose?
What is MPS? What is its purpose?
What is SOP? What is its purpose?
What is MRP II? What are its five elements?
CPFR is a basic level of collaboration technology.
Portal can be a technology for collaboration.
External catalogues are hosted by the company.
In a static sales bid, bidders are allowed to bid multiple times.
In a Reverse auction, sellers bid the lowest price they are willing to sell an item.

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