scm chap 8

__________ is the process of predicting future events.

• Planning

• Sales and Operations Planning

• Sourcing

• Forecasting

• Finance

The process of preparing for future events is__________:

• Planning

• Sales and Operations Planning

• Sourcing

• Forecasting

• Finance

Planning decisions include:

• Resource scheduling

• Acquiring new resources

• Whether to outsource

• Sales plans

• a and b

When determining future resource needs, factors that should be considered include:

• Growth of supply chain management

• Impact of new technologies

• Competitor actions

• Existing distribution channels

• b and c

The process of influencing demand is called:

• Sales and Operations Planning

• CPFR

• Demand management

• Forecasting

• Planning

Forecasting impacts the operations function in the following ways:

• Inventory levels

• Sources of supply

• Advertising and promotions

• Asset acquisition

• None of the above

An outcome of supply chain partners creating independent forecasts could be:

• Improved inventory management

• Improved coordination

• Bullwhip effect

• Increased sales

• a and c

Ways to mitigate the bullwhip effect include:

• Data sharing

• Collaborative forecasting

• Supplier management

• Independent forecasting

• a and b

__________ forecasts are more accurate than individual forecasts.

• Qualitative

• Quantitative

• Stable

• Aggregate

• Causal

Forecasts are critical to predicting future events, but they are rarely _______ :

• Useful

• Accurate

• Perfect

• Quantitative

• Qualitative