WorksheetsChapter 8 - Forcasting
Total questions: 10
Worksheet time: 5mins
What is the main function of demand management?
Managing the production of goods
Promoting products
Recognizing and managing all demand for products
Managing inventory
Demand forecasts are often reviewed over the period:
Daily
Weekly
Quarterly or annually
Every five years
The forecasting component does NOT include:
Basic Demand
Season
Cycle
Stock Storage
Forecasts are usually numbers for:
Inventory in the warehouse
Stock Keeping Units (SKU) and distribution locations
Quantity of damaged products
Marketing costs of products
The forecasting process requires the selection of appropriate techniques based on:
Cost of the technique
Experience of the forecaster
Number of workers involved
Forecasting period
Factors that influence demand include:
Business and economic conditions
Current weather
Political conditions
Road infrastructure
The component that refers to periodic changes in demand is called:
Trend
Cycle
Season
Promotion
Why must errors be anticipated in the forecasting process?
Because forecasts are accurate
Forecasts cannot be completely accurate
Errors do not exist in forecasts
To avoid using irrelevant data
One of the techniques in the forecasting process is:
Calculating inventory
Mathematical or statistical techniques
Increasing the number of products
Managing employees
Why is supply chain operation forecasting usually done?
A. To meet daily needs only
For daily, weekly, or monthly periods
For quarterly periods only
Only at the end of the year
