1

S&OP is a process that companies use to keep demand and supply in balance.

Group of answer choices

True

False

2.

The S&OP process consists of a series of meetings.

Group of answer choices

True

False

3.

The main purpose of the production plan is to specify the optimal combination of production rate, workforce level, and inventory on hand.

Group of answer choices

True

False

4.

Costs incurred in hiring, training and laying off personnel are NOT considered as relevant operations planning costs.

Group of answer choices

True

False

5.

Inventory holding costs incur when a company carries extra inventory in addition to safety stock.

Group of answer choices

True

False

6.

Yield management is the process of allocating the right type of capacity to the right type of customer at the right prices at the right time to maximize revenue or yield.

Group of answer choices

True

False

7.

The essence of yield management is the ability to manage demand.

Group of answer choices

True

False

8.

From an operational perspective, yield management is least effective under which of the following circumstances?

Group of answer choices

Demand can be segmented by customer

Product can be sold in advance

Inventory is easily stored and held

Demand is highly variable