Exam 6: Demand Management, Forecasting, and Aggregate Planning

Averaging fewer periods tends to make the moving average forecast more responsive.

All of the following are potential benefits of better forecasts except?

Quantitative forecasting techniques are best suited for long-term forecasts.

Demand management is broadly defined as the process that balances customer requirements with supply chain capabilities.

The jury of executive opinion approach is beneficial because of?

Over-forecasting is likely to lead to which of the following?

Firms achieving good forecasts are likely to experience increased stockouts.

Buyer and supplier cooperation in a supply chain may be referred to as what concept?

Walmart is known as a leader in supply chain collaboration efforts that are typically referred to as ____________.

Which production planning strategy maintains a core workforce while using overtime, temporary, or part-time workers to manage demand fluctuations?

Sales forecasting occurs in which stage of CPFR?

In CPFR, trading partners should exercise caution and be reluctant to share information.

New product introductions, promotions, and pricing which impact demand forecasts are the responsibility of what department within a firm?

If a trend line is given as Demand = 55 + 7.8(Time), then what is the predicted demand when Time equals 10?

Information sharing among supply chain partners is likely to ___________ forecast accuracy.

Forecasters should expect to see random variation in virtually all demand.

_______ occurs when a forecast has a tendency to be either consistently higher or lower than the actual demand.

The ____________ technique weights each period in the forecast equally.

Economic fluctuations (recessions or expansions) are examples of which time series demand component?

The use of focus groups to estimate a demand forecast is referred to as which type of qualitative forecasting technique?