SCM - Quiz 2

Characteristics of Forecasts, except

• Aggregate forecasts are usually more accurate than disaggregate forecasts

• Long-term forecasts are usually more accurate than short-term forecasts

• Forecasts are always inaccurate and should thus include both the expected value of the forecast and a measure of forecast error

• In general, the farther up the supply chain a company is, the greater is the distortion of information it receives

Additive ways to calculate the systematic component

• S = (level + trend) x seasonal factor

• S = level + trend :

  seasonal factor

• level x trend x seasonal factor

• S = level + trend + seasonal factor

Used when inventory holding costs are high and costs of changing capacity are low, is one of the strategic characteristics of

• Chase Strategy

• Time flexibility strategy

• Level strategy

• Mixed strategy

Stealing share

• increased sales, increased market size

• increased sales, low market size

• increased sales, same market size

• same sales, same market size

all stages of the chain take actions that are aligned and increase total supply chain surplus

• supply chain

• Supply chain coordination

• Information moving

• supply and demand

This picture shows the characteristics of what stages of demand?

• Wholesaler's orders to Manufacturer

• Consumer sales at retailer

• Manufacturer's orders with supplier

• Retailer's orders to wholesaler

Economies of scale exploited in three typical situations, EXCEPT

• A fixed cost is incurred each time an order is placed or produced

• The supplier offers price discounts based on the quantity purchased per lot

• The supplier offers short-term price discounts or holds trade promotions

• should consider costs across the entire supply chain

Discount schemes that are optimal are

• volume based and not lot size based less the manufacturer has large fixed costs associated with each lot

• volume based and lot size based unless the manufacturer has large fixed costs associated with each lot

• volume based and not lot size based unless the manufacturer has large fixed costs associated with each lot

• volume based and not lot size based unless the manufacturer has small fixed costs associated with each lot

What is the type of design options for a transportation network?

• Direct shipping

• All shipments via central DC with cross-dock

• All shipments via intermediate DC with storage

• Direct shipping with milk runs

Lower outbound transportation cost for small lots is advantages of the network structure....

• direct shipping with milk runs

• shipping via DC using milk runs

• Tailored network

• All shipments via central DC with inventory storage