
Supply Chain
Quiz
•
Business
•
University
•
Practice Problem
•
Easy
Estefania Londoño
Used 1+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The forecasting time horizon that would typically be easiest to predict for would be the
long range
medium range
short range
intermediate range
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a quantitative forecasting method?
exponential smoothing
market survey
jury of executive opinion
sales force composite
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"Today's forecast equals yesterday's actual demand" is referred as
the Delphi method
exponential smoothing
the naive approach
a moving average
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the FIRST step in a forecasting system?
Determine the time horizon of the forecast
Select the items to be forecasted
Determine the use of the forecast
Select the forecast model(s)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
ABC analysis divides an organization's on-hand inventory into three classes based upon
annual demand
annual dollar volume
unit price
the number of units on hand
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Extra units that are held in inventory to reduce stockouts are called
demand variance
safety stock
reorder point
just-in-time inventory
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
With a probabilistic model, increasing the service level
will reduce the cost of the inventory policy
will increase the cost of the inventory policy
will decrease the level of safety stock
will have no impact on the cost of the inventory policy
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