Question 1

Mature products with stable demand

Accepted Answer

A)  are usually easiest to forecast. 
B)  are usually hardest to forecast. 
C)  cannot be forecast. 
D)  do not need to be forecast. 
E)  none of the above 
A)  are usually easiest to forecast. 
B)  are usually hardest to forecast. 
C)  cannot be forecast. 
D)  do not need to be forecast. 
E)  none of the above

Question 2

Which of the following is not a step to help an organization perform effective forecasting?

Accepted Answer

A)  Understand the objective of forecasting. 
B)  Integrate demand planning and forecasting throughout the supply chain. 
C)  Understand and identify customer segments. 
D)  Identify and understand supplier requirements. 
E)  Determine the appropriate forecasting technique. 
A)  Understand the objective of forecasting. 
B)  Integrate demand planning and forecasting throughout the supply chain. 
C)  Understand and identify customer segments. 
D)  Identify and understand supplier requirements. 
E)  Determine the appropriate forecasting technique.

Question 3

________ forecasting methods assume that the demand forecast is highly correlated with certain factors in the environment (the state of the economy,interest rates,etc.).

Accepted Answer

A)  Qualitative 
B)  Time-series 
C)  Causal 
D)  Simulation 
A)  Qualitative 
B)  Time-series 
C)  Causal 
D)  Simulation

Question 4

Leaders in many supply chains have started moving

Accepted Answer

A)  toward independent forecasting to improve their ability to match supply and demand. 
B)  toward consecutive forecasting to improve their ability to match supply and demand. 
C)  toward sequential forecasting to improve their ability to match supply and demand. 
D)  toward collaborative forecasting to improve their ability to match supply and demand. 
E)  None of the above are true. 
A)  toward independent forecasting to improve their ability to match supply and demand. 
B)  toward consecutive forecasting to improve their ability to match supply and demand. 
C)  toward sequential forecasting to improve their ability to match supply and demand. 
D)  toward collaborative forecasting to improve their ability to match supply and demand. 
E)  None of the above are true.

Question 5

For pull processes,a manager must forecast what customer demand will be in order to plan the level of available capacity and inventory.

Accepted Answer

A) True 
 B)False

Question 6

The goal of any forecasting method is to

Accepted Answer

A)  predict the random component of demand and estimate the systematic component. 
B)  predict the systematic component of demand and estimate the random component. 
C)  predict the seasonal component of demand and estimate the random component. 
D)  predict the random component of demand and estimate the seasonal component. 
E)  predict the trend component of demand and estimate the random component. 
A)  predict the random component of demand and estimate the systematic component. 
B)  predict the systematic component of demand and estimate the random component. 
C)  predict the seasonal component of demand and estimate the random component. 
D)  predict the random component of demand and estimate the seasonal component. 
E)  predict the trend component of demand and estimate the random component.

Question 7

Describe the basic characteristics of forecasts that managers should be aware.

Accepted Answer

Companies and supply chain managers shou

Question 8

For push processes,a manager must forecast what customer demand will be in order to plan the level of available capacity and inventory.

Accepted Answer

A) True 
 B)False

Question 9

Time series forecasting methods are the most difficult methods to implement.

Accepted Answer

A) True 
 B)False

Question 10

In adaptive forecasting

Accepted Answer

A)  there is an assumption that the estimates of level, trend, and seasonality within the systematic component do not vary as new demand is observed. 
B)  the estimates of level, trend, and seasonality within the systematic component are not adjusted as new demand is observed. 
C)  the estimates of level, trend, and seasonality are updated after each demand observation. 
D)  All of the above are true. 
E)  None of the above are true. 
A)  there is an assumption that the estimates of level, trend, and seasonality within the systematic component do not vary as new demand is observed. 
B)  the estimates of level, trend, and seasonality within the systematic component are not adjusted as new demand is observed. 
C)  the estimates of level, trend, and seasonality are updated after each demand observation. 
D)  All of the above are true. 
E)  None of the above are true.

Mature products with stable demand

Which of the following is not a step to help an organization perform effective forecasting?

________ forecasting methods assume that the demand forecast is highly correlated with certain factors in the environment (the state of the economy,interest rates,etc.).

Leaders in many supply chains have started moving

For pull processes,a manager must forecast what customer demand will be in order to plan the level of available capacity and inventory.

The goal of any forecasting method is to

Describe the basic characteristics of forecasts that managers should be aware.

For push processes,a manager must forecast what customer demand will be in order to plan the level of available capacity and inventory.

Time series forecasting methods are the most difficult methods to implement.

In adaptive forecasting

Understanding the Supply Chain

Supply Chain Performance: Achieving Strategic Fit and Scope

Supply Chain Drivers and Metrics

Designing Distribution Networks and Applications to E-Business

Network Design in the Supply Chain

Designing Global Supply Chain Networks

Aggregate Planning in a Supply Chain

Sales and Operations Planning: Planning Supply and Demand in a Supply Chain

Coordination in a Supply Chain

Managing Economies of Scale in the Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Determining the Optimal Level of Product Availability

Transportation in a Supply Chain

Sourcing Decisions in a Supply Chain

Pricing and Revenue Management in a Supply Chain

Information Technology in a Supply Chain

Sustainability and the Supply Chain

Filters

Exam 7: Demand Forecasting in a Supply Chain

Mature products with stable demand

Which of the following is not a step to help an organization perform effective forecasting?

________ forecasting methods assume that the demand forecast is highly correlated with certain factors in the environment (the state of the economy,interest rates,etc.).

Leaders in many supply chains have started moving

For pull processes,a manager must forecast what customer demand will be in order to plan the level of available capacity and inventory.

The goal of any forecasting method is to

Describe the basic characteristics of forecasts that managers should be aware.

For push processes,a manager must forecast what customer demand will be in order to plan the level of available capacity and inventory.

Time series forecasting methods are the most difficult methods to implement.

In adaptive forecasting

Understanding the Supply Chain

Supply Chain Performance: Achieving Strategic Fit and Scope

Supply Chain Drivers and Metrics

Designing Distribution Networks and Applications to E-Business

Network Design in the Supply Chain

Designing Global Supply Chain Networks

Aggregate Planning in a Supply Chain

Sales and Operations Planning: Planning Supply and Demand in a Supply Chain

Coordination in a Supply Chain

Managing Economies of Scale in the Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Determining the Optimal Level of Product Availability

Transportation in a Supply Chain

Sourcing Decisions in a Supply Chain

Pricing and Revenue Management in a Supply Chain

Information Technology in a Supply Chain

Sustainability and the Supply Chain

Filters