- All Exams Instant Download
The use of a seasonal index as a forecasting technique measures the ratio of the:
The use of a seasonal index as a forecasting technique measures the ratio of the:A . average seasonal demand to the average demand for all periods.B . average demand for all periods to the average seasonal demand.C . average seasonal demand to the standard deviation of the demand for all...
Which of the following consequences is a result of shipping directly from the point of manufacture to the customer rather than through a distribution network?
Which of the following consequences is a result of shipping directly from the point of manufacture to the customer rather than through a distribution network? A. Delivery lead times are consistent. B. Risk pooling benefits are negated. C. Distribution overhead is increased. D. Order-fill rate is decreased.View AnswerAnswer: B Explanation:...
Which of the following actions typically would be the first step in implementing the philosophy of customer relationship management?
Which of the following actions typically would be the first step in implementing the philosophy of customer relationship management? A. Creating a customer-centric organization B. Developing a map of the customer segments C. Documenting the objectives for implementation D. Selecting an information technology solutionView AnswerAnswer: A Explanation: Implementing customer relationship...
Which of the following scenarios represents a correct application of the Supply-Chain Operations Reference-model (SCOR)?
Which of the following scenarios represents a correct application of the Supply-Chain Operations Reference-model (SCOR)?A . Sales and marketing refers to SCOR to improve demand generation.B . Production and engineering uses SCOR best practices to design a new "make" process flow.C . Distribution and logistics selects suppliers from the SCOR...
Risk pooling enables a lower total inventory level without affecting service levels based on which of the following assumptions?
Risk pooling enables a lower total inventory level without affecting service levels based on which of the following assumptions?A . Inventory turnover ratio can be reduced.B . Aggregate demand is more accurate than disaggregate demand.C . The planning time fence can be adjusted as needed.D . The supplier shares some...
A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns.
A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns. The cost savings resulting from increasing inventory turns from four to six would be: A. $29,000,000. B. $15,750,000. C. $10,500,000. D. $ 5,250,000.View AnswerAnswer: A Explanation: To calculate...
A company's product cannot be sold beyond 12 months from the date of manufacture. The product contains hazardous material and must be returned to the factory to be neutralized.
A company's product cannot be sold beyond 12 months from the date of manufacture. The product contains hazardous material and must be returned to the factory to be neutralized. This situation is an example of product: A. reuse. B. remanufacturing. C. recovery. D. refurbishing.View AnswerAnswer: C Explanation: returned for neutralization....
Which of the following strategies is used primarily for demand planning?
Which of the following strategies is used primarily for demand planning? A. Build-to-order scheduling B. Push-pull replenishment C. Collaborative planning, forecasting, and replenishment D. Vendor-managed inventoryView AnswerAnswer: C Explanation: Collaborative Planning, Forecasting, and Replenishment (CPFR) is a strategy used primarily for demand planning by improving coordination and collaboration between supply...
Demand management involves which of the following undertakings?
Demand management involves which of the following undertakings?A . Adjusting capacity to support expected demandB . Engaging in activities associated with customer relationship managementC . Creating higher customer demand by improving performance in areas such as lead time and service levelsD . Understanding events and managing activities that could influence...
The primary reason for a firm to pursue strategic supply chain activities is to:
The primary reason for a firm to pursue strategic supply chain activities is to: A. gain competitive advantage. B. reduce total cost of ownership (TCO). C. decrease inventory. D. increase product life cycles.View AnswerAnswer: A Explanation: Context: Strategic supply chain activities are pursued to achieve long-term business objectives. Options Breakdown:...
