Exam 6: Demand Management, Forecasting, and Aggregate Planning

Joe's Donut Hole sold 1,500 donuts in January, 1,600 in February, and 1,550 in March. What is the three period simple moving average forecast for April?

For long-term forecasts, it is recommended that which type of forecasts be used?

Supply chain flexibility is ________ than/as in the past.

How might an organization use linear trend forecasting to predict demand? How does the linear trend technique differ from techniques such as the simple moving average?

Which production planning strategy varies production to match demand?

Chairman Cat Products produces cat trees that are sold by several large pet stores. They sold 190, 210, and 208 cat trees in January, February, and March, respectively. Assuming that the first forecast value (for January) is set to 190, what is the exponential smoothing forecast for March? Assume a smoothing constant value of 0.4.

The exponential smoothing forecasting technique tends to work well when?

It is particularly easy for services to use aggregate planning techniques.

Using senior executives to develop a forecast is referred to as?

When linear trend forecasts are developed, demand would typically be?

Joe's Donut Hole sold 1,500 donuts in January, 1,600 in February, and 1,550 in March. What is the two period simple moving average forecast for April?

Poor forecasting and production planning can negatively impact all of the following except?

Exponential smoothing relies on a weighted difference between the current period's _________ and ________.

The sample correlation coefficient ranges from?

Which department provides projections for sales that are used as input to the forecasting process?

Describe how accurate forecasting can benefit a firm. Provide several hypothetical benefits that a coffee shop might experience by improving its demand forecasting.

How might an organization use simple linear regression forecasting? How does this technique differ from the linear trend forecasting technique?

In a simple linear regression forecast, it is assumed that changes in _________ predict changes in __________.

Briefly describe collaborative planning, forecasting, and replenishment. Why might a firm and its supply chain choose to utilize CPFR?

A forecasting technique that uses an average of previous observations, with each observation being weighted, is which technique?