Supply Chain Management 3/12 - Procurement Side, in Depth

Supply Chain Management 3/12 - Procurement Side, in Depth

Supply Chain Management 3/12 - Procurement Side, in Depth

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Marco Kofel

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Marco Kofel

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This flashcard set delves into advanced procurement methods and optimization techniques for university-level students. It covers various lot size calculation methods, including static and dynamic approaches like the Harris-Andler method, and explores forecasting techniques such as the moving average method. The flashcards also discuss inventory management, cost optimization, and sales planning procedures. Professionals and students in supply chain management will find this set particularly useful for understanding and applying these methods to real-world scenarios.

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27

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13

Sprache

Englisch

Kategorie

VWL

Stufe

Universität

Erstellt / Aktualisiert

11.10.2021 / 15.04.2025

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Which statements regarding the methods for Lot Size Calculation are true?

Generally lot size calculation methods can be differentiated into those with or without cost optimization and those with static or dynamic approaches.

The lot size calculation pursues the goal of achieving economically optimal lot sizes and, thereby, find a compromise between higher stocks with larger lot sizes and higher set-up costs for smaller lots.

Dynamic methods assume a constant lot size.

The best known dynamic calculation method is the Harris-Andler method.

A car dealer has sold in each of the last six years the following number of cars (from year 1 to year 6):
3000, 7000, 14000, 8000, 3000, 2000

Determine, with help of the moving average method, which sales are to be expected for the upcoming seventh year if the sales from the last four years are considered.

6750

An online platform has sold the following number of shampoos during the past seven years:

1: 63 / 2: 76 / 3: 82 / 4: 97 / 5: 77 / 6: 88 / 7: 91

Determine, with the help of moving average method, which sales can be expected for the upcoming eighth year,
if the last five years are considered.

87

During the past four years, an aircraft manufacture has sold the following number of aircraft: 50, 25, 12, 13

Determine, with the help of the method of the moving average, which sales volume can be expected for the upcoming fifth year (under consideration of the last four years).

25

Determine the optimal order quantity using the Harris-Andler Formula.

Annual demand: 500 pieces
Transaction cost per order: CHF 50
Annual storage cost in % of the at purchase price valued inventory: 15%
Purchase price per piece: CHF 70
Minimum inventory: 0 pieces

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69

Does the following statement correspond to the term "Method with Cost Optimization" or "Method without Cost Optimization"?

"Silver-Meal method"

Method with Cost Optimization

Method without Cost Optimization

Does the following statement correspond to the term "Method with Cost Optimization" or "Method without Cost Optimization"?

"Refill to the highest level"

Method without Cost Optimization

Method with Cost Optimization

Does the following statement correspond to the term "Method with Cost Optimization" or "Method without Cost Optimization"?

"Fixed lot size"

Method with Cost Optimization

Method without Cost Optimization

Does the following statement correspond to the term "Method with Cost Optimization" or "Method without Cost Optimization"?

"Sliding economic lot size"

Method with Cost Optimization

Method without Cost Optimization

Does the following statement correspond to the term "Method with Cost Optimization" or "Method without Cost Optimization"?

"Harris-Andler Method"

Method with Cost Optimization

Method without Cost Optimization

Does the following statement correspond to the term "Method with Cost Optimization" or "Method without Cost Optimization"?

"Periodic lot size"

Method with Cost Optimization

Method without Cost Optimization

Does the following statement correspond to the term "Method with Cost Optimization" or "Method without Cost Optimization"?

"Lot Size method (or calculation) according to Groff"

Method with Cost Optimization

Method without Cost Optimization

Does the following statement correspond to the term "Method with Cost Optimization" or "Method without Cost Optimization"?

"Exact lot size"

Method with Cost Optimization

Method without Cost Optimization

Schreiner GmbH needed 10,000 wooden boards last year. For ordering and transporting the wooden boards, Schreiner GmbH incurs costs of CHF 1,000 per order. The storage cost rate is 10%. The value of a single wooden board is CHF 50. Calculate the optimal order quantity in pcs. using the Harris-Andler formula.

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2000

Which statements regarding the calculation of the Economic Order Quantity (EOQ) with the Harris-Andler Method are true?

The classic Harris-Andler method is based upon the assumption that an order does not arrive immediately and enter into inventory.

The classic Harris-Andler method is based upon the assumption that the inventory carrying cost is constant.

The best known of the static methods for lot sizing is the Harris-Andler procedure.

The classic Harris-Andler method is based upon the assumption that the inventory carrying cost is not constant.

Which statements regarding the procedures for Sales Planning are true?

In sales planning, it is determined during which periods which quantities of a specified product assortment should be available for delivery.

Generally, four different types of forecasting methods can be distinguished between in sales planning.

Trending and stationary demand profiles display, to a certain extent, a linear profile.

Sporadic and trending demand profiles are called mixed profiles.

Order the statement to the corresponding term "Dynamic Method" or "Static Method".

"Refill to the highest level"

Static Method

Dynamic Method

Order the statement to the corresponding term "Dynamic Method" or "Static Method".

"Harris-Andler method"

Static Method

Dynamic Method

Order the statement to the corresponding term "Dynamic Method" or "Static Method".

"Silver-Meal method"

Static Method

Dynamic Method

Order the statement to the corresponding term "Dynamic Method" or "Static Method".

"Lot size method (calculation) according to Groff"

Static Method

Dynamic Method

Order the statement to the corresponding term "Dynamic Method" or "Static Method".

"Sliding economic lot size"

Static Method

Dynamic Method

Order the statement to the corresponding term "Dynamic Method" or "Static Method".

"Exact lot size"

Static Method

Dynamic Method

Order the statement to the corresponding term "Dynamic Method" or "Static Method".

"Fixed lot size"

Static Method

Dynamic Method

Order the statement to the corresponding term "Dynamic Method" or "Static Method".

"Periodic lot size"

Static Method

Dynamic Method

Which statements regarding the Economic Order Quantity (EOQ) and the Harris-Andler Method are true?

The classic Harris-Andler method is based upon the assumption that the cost of carrying inventory is constant.

The classic Harris-Andler method is based upon the assumption that an order arrives immediately and is entered into inventory.

The best known of the dynamic methods for lot sizing is the Harris-Andler method.

The classic Harris-Andler method is based upon the assumption that no backorders occur.

Which statements regarding the methods for Lot Size Calculation are true?

The static processes assume a variable lot size.

Methods without cost optimization are also called "simple methods".

The Harris-Andler method offers a better informative value than static calculations, especially when the requirements are highly volatile.

One of the most common dynamic methods is the "sliding economic lot size".

Which statements regarding Forecasting Methods are true?

The method of the simple mean value is characterized by the rolling shift of the period under consideration.

The method of the moving average is characterized by the rolling shift of the period under consideration.

With the moving average method, all demand quantities from the past are taken into account by calculating the arithmetic mean of these values.

A forecast calculation using the moving average is only recommendable with stationary demand behavior.

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