Question 1

When determining future resource needs, factors that should be considered include:

Accepted Answer

A)  Growth of supply chain management 
B)  Impact of new technologies 
C)  Competitor actions 
D)  Existing distribution channels 
E)  b and c 
A)  Growth of supply chain management 
B)  Impact of new technologies 
C)  Competitor actions 
D)  Existing distribution channels 
E)  b and c

Question 2

An example of the impact of forecasting on finance is scheduling capacity in the plant.

Accepted Answer

A) True 
 B)False

Question 3

The type of data pattern that emerges in times of economic fluctuations is:

Accepted Answer

A)  Trend 
B)  Seasonal 
C)  Cycle 
D)  Horizontal 
E)  Level 
A)  Trend 
B)  Seasonal 
C)  Cycle 
D)  Horizontal 
E)  Level

Question 4

Advantages of quantitative forecasting methods include:

Accepted Answer

A)  Objectivity 
B)  Responsiveness 
C)  Includes 'inside' information 
D)  Expensive 
E)  b and c 
A)  Objectivity 
B)  Responsiveness 
C)  Includes 'inside' information 
D)  Expensive 
E)  b and c

Question 5

Qualitative forecasting methods have the advantage of being objective and consistent.

Accepted Answer

A) True 
 B)False

Question 6

The forecasting process cam impact long range and tactical plans.

Accepted Answer

A) True 
 B)False

Question 7

Planning decisions include:

Accepted Answer

A)  Resource scheduling 
B)  Acquiring new resources 
C)  Whether to outsource 
D)  Sales plans 
E)  a and b 
A)  Resource scheduling 
B)  Acquiring new resources 
C)  Whether to outsource 
D)  Sales plans 
E)  a and b

Question 8

Market research is an example of ___________ forecasting method:

Accepted Answer

A)  Quantitative 
B)  Seasonal 
C)  Jury of executive opinion 
D)  Causal 
E)  Qualitative 
A)  Quantitative 
B)  Seasonal 
C)  Jury of executive opinion 
D)  Causal 
E)  Qualitative

Question 9

Ways to mitigate the bullwhip effect include:

Accepted Answer

A)  Data sharing 
B)  Collaborative forecasting 
C)  Supplier management 
D)  Independent forecasting 
E)  a and b 
A)  Data sharing 
B)  Collaborative forecasting 
C)  Supplier management 
D)  Independent forecasting 
E)  a and b

Question 10

When forecasting 'functional' products, it is typically best to invest in a sophisticated model.

Accepted Answer

A) True 
 B)False

Question 11

Advertising and promotions are examples of demand management.

Accepted Answer

A) True 
 B)False

Question 12

__________ analysis measures the relationship between two or more variables on the forecast:

Accepted Answer

A)  Qualitative 
B)  Quantitative 
C)  Time series 
D)  Linear Regression 
E)  Delphi 
A)  Qualitative 
B)  Quantitative 
C)  Time series 
D)  Linear Regression 
E)  Delphi

Question 13

An outcome of supply chain partners creating independent forecasts could be:

Accepted Answer

A)  Improved inventory management 
B)  Improved coordination 
C)  Bullwhip effect 
D)  Increased sales 
E)  a and c 
A)  Improved inventory management 
B)  Improved coordination 
C)  Bullwhip effect 
D)  Increased sales 
E)  a and c

Question 14

Forecasting impacts the operations function in the following ways:

Accepted Answer

A)  Inventory levels 
B)  Sources of supply 
C)  Advertising and promotions 
D)  Asset acquisition 
E)  None of the above 
A)  Inventory levels 
B)  Sources of supply 
C)  Advertising and promotions 
D)  Asset acquisition 
E)  None of the above

Question 15

Sales and Operations Planning is a process by which supply chain functions within an organization collaborate to match supply and demand.

Accepted Answer

A) True 
 B)False

Question 16

______________ is a process by which supply chain functions within an organization collaborate to match supply and demand:

Accepted Answer

A)  Vendor managed inventory 
B)  Collaborative planning, forecasting, and replenishment 
C)  Early supplier involvement 
D)  Sales and operations planning 
E)  None of the above 
A)  Vendor managed inventory 
B)  Collaborative planning, forecasting, and replenishment 
C)  Early supplier involvement 
D)  Sales and operations planning 
E)  None of the above

When determining future resource needs, factors that should be considered include:

An example of the impact of forecasting on finance is scheduling capacity in the plant.

The type of data pattern that emerges in times of economic fluctuations is:

Advantages of quantitative forecasting methods include:

Qualitative forecasting methods have the advantage of being objective and consistent.

The forecasting process cam impact long range and tactical plans.

Planning decisions include:

Market research is an example of ___________ forecasting method:

Ways to mitigate the bullwhip effect include:

When forecasting 'functional' products, it is typically best to invest in a sophisticated model.

Advertising and promotions are examples of demand management.

__________ analysis measures the relationship between two or more variables on the forecast:

An outcome of supply chain partners creating independent forecasts could be:

Forecasting impacts the operations function in the following ways:

Sales and Operations Planning is a process by which supply chain functions within an organization collaborate to match supply and demand.

______________ is a process by which supply chain functions within an organization collaborate to match supply and demand:

Introduction to Supply Chain Management

Supply Chain Strategy

Network and System Design

Marketing

Operations Management

Sourcing

Logistics

Inventory Management

Lean Systems and Six-Sigma Quality

Supply Chain Relationship Management

Global Supply Chain Management

Sustainable Supply Chain Management

Filters

Exam 8: Forecasting Demand Planning

When determining future resource needs, factors that should be considered include:

An example of the impact of forecasting on finance is scheduling capacity in the plant.

The type of data pattern that emerges in times of economic fluctuations is:

Advantages of quantitative forecasting methods include:

Qualitative forecasting methods have the advantage of being objective and consistent.

The forecasting process cam impact long range and tactical plans.

Planning decisions include:

Market research is an example of ___________ forecasting method:

Ways to mitigate the bullwhip effect include:

When forecasting 'functional' products, it is typically best to invest in a sophisticated model.

Advertising and promotions are examples of demand management.

__________ analysis measures the relationship between two or more variables on the forecast:

An outcome of supply chain partners creating independent forecasts could be:

Forecasting impacts the operations function in the following ways:

Sales and Operations Planning is a process by which supply chain functions within an organization collaborate to match supply and demand.

______________ is a process by which supply chain functions within an organization collaborate to match supply and demand:

Introduction to Supply Chain Management

Supply Chain Strategy

Network and System Design

Marketing

Operations Management

Sourcing

Logistics

Inventory Management

Lean Systems and Six-Sigma Quality

Supply Chain Relationship Management

Global Supply Chain Management

Sustainable Supply Chain Management

Filters