The Focus of the Master Schedule in an ATO Production

question 47

Multiple Choice

The focus of the master schedule in an ATO production environment is ______.

• A)to produce finished goods to meet inventory and customer service levels
• B)to produce components,modules and subassemblies ready to be assembled based on order
• C)to ensure that capacity is available for assembling end product when order is received
• D)to produce standardized modules and subassemblies

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Definitions:

Time-series Data

A sequence of data points collected or recorded at time-ordered intervals, often used for forecasting or statistical analysis.

Random Variations

Unpredictable fluctuations that affect data or processes, not attributable to any known cause.

Exponentially Smoothed Forecast

A method of forecasting that gives more weight to recent data points, using exponential smoothing to produce a smoothed time series.

Forecast Error

The difference between the actual value and the predicted value in a forecast, indicating the accuracy of the forecasting process.