Question 1

The weighted moving average method assigns

Accepted Answer

A)  a value in each period being averaged. 
B)  a weight greater than 1. 
C)  information based on a simple average. 
D)  a weight to each previous period. 
A)  a value in each period being averaged. 
B)  a weight greater than 1. 
C)  information based on a simple average. 
D)  a weight to each previous period. D

Question 2

Oversupply is created by

Accepted Answer

A)  phantom demand. 
B)  returns and cancellations. 
C)  forecasting failures. 
D)  poor channel selection. 
A)  phantom demand. 
B)  returns and cancellations. 
C)  forecasting failures. 
D)  poor channel selection. A

Question 3

Materials management and physical supply are terms that cannot be used interchangeably.

Accepted Answer

A) True 
 B)False  False

Question 4

Demand management includes

Accepted Answer

A)  Flows of products. 
B)  Flows of services. 
C)  Flows of capital. 
D)  All of the these answers 
A)  Flows of products. 
B)  Flows of services. 
C)  Flows of capital. 
D)  All of the these answers

Question 5

There are two types of demand. What are they, and how do they influence the supply chain?

Accepted Answer

Two types of demand exist: (1) independe

Question 6

Four types of forecast error measures can be used. Which one of the following is not one of the four types?

Accepted Answer

A)  cumulative sum of forecast errors 
B)  exponential smoothing for trends 
C)  mean squared error 
D)  mean absolute deviation 
A)  cumulative sum of forecast errors 
B)  exponential smoothing for trends 
C)  mean squared error 
D)  mean absolute deviation

Question 7

Define and discuss Collaborative Planning, Forecasting, and Replenishment (CPFR) and its impact on supply chain management.

Accepted Answer

One of the most recent initiatives aimed

Question 8

Collaborative planning, forecasting, and replenishment (CPFR) has not been considered to be a good process, as it excludes transportation.

Accepted Answer

A) True 
 B)False

Question 9

The internal balancing method deals with

Accepted Answer

A)  price and lead time. 
B)  inventory and production flexibility. 
C)  functional silos. 
D)  channel selection. 
A)  price and lead time. 
B)  inventory and production flexibility. 
C)  functional silos. 
D)  channel selection.

Question 10

Exponential smoothing

Accepted Answer

A)  is one of the most commonly used techniques. 
B)  uses primarily weighted averages to compensate for errors. 
C)  is used to determine random variations. 
D)  is used to reduce channel fluctuations. 
A)  is one of the most commonly used techniques. 
B)  uses primarily weighted averages to compensate for errors. 
C)  is used to determine random variations. 
D)  is used to reduce channel fluctuations.

Question 11

The essence of demand management is to estimate and manage ___________ and use this information to make operating decisions.

Accepted Answer

A)  channel orders 
B)  vendors and suppliers 
C)  customer demand 
D)  SO&P processes 
A)  channel orders 
B)  vendors and suppliers 
C)  customer demand 
D)  SO&P processes

Question 12

There are four types of forecast error measures that can be used. Name them, and choose one to discuss.

Accepted Answer

The first type of forecast error measure

Question 13

Adjusting a forecast for seasons basically uses a combination of seasonal factors and average demand to arrive at an adjusted forecast.

Accepted Answer

A) True 
 B)False

Question 14

Discuss how seasonality affects forecasts and give examples.

Accepted Answer

Many organizations are faced with season

Question 15

Pick two of the following direct-to-customer (DTC) fulfillment channel structures and discuss their characteristics, advantages and disadvantages.

Accepted Answer

-Integrated Fulfillment
-Dedicated Fulfi

Question 16

There are at least three forecasting methods. Name them and choose one to discuss in more detail, including advantages and disadvantages.

Accepted Answer

Simple Moving Average
The simple moving

Question 17

Demand management might be defined as focused efforts to estimate and manage customers' demand, with the intention of using this information to shape operating decisions.

Accepted Answer

A) True 
 B)False

Question 18

An important observation to note about channel structure is that it involves the elements of fixed costs versus variable costs.

Accepted Answer

A) True 
 B)False

Question 19

Forecasting has become extremely accurate, especially since the development of the S&OP process.

Accepted Answer

A) True 
 B)False

Question 20

Dependent demand is directly influenced by independent demand.

Accepted Answer

A) True 
 B)False

The weighted moving average method assigns

Oversupply is created by

Materials management and physical supply are terms that cannot be used interchangeably.

Demand management includes

There are two types of demand. What are they, and how do they influence the supply chain?

Four types of forecast error measures can be used. Which one of the following is not one of the four types?

Define and discuss Collaborative Planning, Forecasting, and Replenishment (CPFR) and its impact on supply chain management.

Collaborative planning, forecasting, and replenishment (CPFR) has not been considered to be a good process, as it excludes transportation.

The internal balancing method deals with

Exponential smoothing

The essence of demand management is to estimate and manage ___________ and use this information to make operating decisions.

There are four types of forecast error measures that can be used. Name them, and choose one to discuss.

Adjusting a forecast for seasons basically uses a combination of seasonal factors and average demand to arrive at an adjusted forecast.

Discuss how seasonality affects forecasts and give examples.

Pick two of the following direct-to-customer (DTC) fulfillment channel structures and discuss their characteristics, advantages and disadvantages.

There are at least three forecasting methods. Name them and choose one to discuss in more detail, including advantages and disadvantages.

Demand management might be defined as focused efforts to estimate and manage customers' demand, with the intention of using this information to shape operating decisions.

An important observation to note about channel structure is that it involves the elements of fixed costs versus variable costs.

Forecasting has become extremely accurate, especially since the development of the S&OP process.

Dependent demand is directly influenced by independent demand.

Supply Chain Management: an Overview

Role of Logistics in Supply Chains

Global Dimensions of Supply Chains

Supply Chain Relationships

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology-Managing Information Flows

Order Management and Customer Service

Managing Inventory in the Supply Chain

Transportation-Managing the Flow of the Supply Chain

Distribution-Managing Fulfillment Operations

Supply Chain Network Analysis and Design

Sourcing Materials and Services

Operations-Producing Goods and Services

Supply Chain Sustainability

Strategic Challenges and Change for Supply Chains

Filters

Exam 7: Demand Management

The weighted moving average method assigns

Oversupply is created by

Materials management and physical supply are terms that cannot be used interchangeably.

Demand management includes

There are two types of demand. What are they, and how do they influence the supply chain?

Four types of forecast error measures can be used. Which one of the following is not one of the four types?

Define and discuss Collaborative Planning, Forecasting, and Replenishment (CPFR) and its impact on supply chain management.

Collaborative planning, forecasting, and replenishment (CPFR) has not been considered to be a good process, as it excludes transportation.

The internal balancing method deals with

Exponential smoothing

The essence of demand management is to estimate and manage ___________ and use this information to make operating decisions.

There are four types of forecast error measures that can be used. Name them, and choose one to discuss.

Adjusting a forecast for seasons basically uses a combination of seasonal factors and average demand to arrive at an adjusted forecast.

Discuss how seasonality affects forecasts and give examples.

Pick two of the following direct-to-customer (DTC) fulfillment channel structures and discuss their characteristics, advantages and disadvantages.

There are at least three forecasting methods. Name them and choose one to discuss in more detail, including advantages and disadvantages.

Demand management might be defined as focused efforts to estimate and manage customers' demand, with the intention of using this information to shape operating decisions.

An important observation to note about channel structure is that it involves the elements of fixed costs versus variable costs.

Forecasting has become extremely accurate, especially since the development of the S&OP process.

Dependent demand is directly influenced by independent demand.

Supply Chain Management: an Overview

Role of Logistics in Supply Chains

Global Dimensions of Supply Chains

Supply Chain Relationships

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology-Managing Information Flows

Order Management and Customer Service

Managing Inventory in the Supply Chain

Transportation-Managing the Flow of the Supply Chain

Distribution-Managing Fulfillment Operations

Supply Chain Network Analysis and Design

Sourcing Materials and Services

Operations-Producing Goods and Services

Supply Chain Sustainability

Strategic Challenges and Change for Supply Chains

Filters