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What is the exponential smoothing forecast for July if the alpha is 0.2?
An organization has a forecast for June of 125 units. However, 140 units actually sell. What is the exponential smoothing forecast for July if the alpha is 0.2?A . 137 unitsB . 130 unitsC . 53 unitsD . 128 unitsView AnswerAnswer: B Explanation: Using the exponential smoothing formula, Ft=Ft−1+α(At−1−Ft−1)F_t =...
A large retailer and one of its suppliers establish a process to combine intelligence from both organizations in order to improve product availability while reducing inventory, transportation, and logistics costs. This process is known as which of the following?
A large retailer and one of its suppliers establish a process to combine intelligence from both organizations in order to improve product availability while reducing inventory, transportation, and logistics costs. This process is known as which of the following?A . Vendor-managed inventoryB . Collaborative planning, forecasting and replenishmentC . Sales...
What is this year's inventory turnover?
MNO, Inc. is a manufacturing firm. MNO's end-of-year inventory is 54,000,000 and its cost of goods sold is $2,300,000. For the previous year, MNO's end-of-year inventory was $5,000,000 and the cost of goods sold was $3,000,000. What is this year's inventory turnover?A . 0.575B . 0.511C . 1.957D . 0.589View...
Which of the following BEST explains why forecast accuracy is important in contracts with suppliers?
Which of the following BEST explains why forecast accuracy is important in contracts with suppliers?A . It locks in the lowest possible cost to the organization over the life of the contract.B . . It allows the buying firm to gauge supplier performance degradation over the life of the contract.C...
In this situation, the supply manager should do which of the following?
The supply manager for a semiconductor company receives an emergency phone call from the firm's factory manager, who states that the manufacturing equipment is down and that a replacement part is needed as soon as possible. The supply manager checks the stock for this part but finds nothing. In this...
Which of the following is the MOST likely result of upgrading to the new software?
A specialized sewing shop quilts fabrics for use in upholstered furniture. Various patterns are produced on different machines, each of which has its own set-up routine. At times, one type of machine is idle while others are backed up. The sewing floor supervisor finds new software which makes the machines'...
If a shipment has a gross weight of 500 pounds and overall dimensions of 42 inches x 48 inches x 48 inches, what is the density of the shipment (in pounds per cubic foot)?
If a shipment has a gross weight of 500 pounds and overall dimensions of 42 inches x 48 inches x 48 inches, what is the density of the shipment (in pounds per cubic foot)?A . 0.744B . 0.005C . 8.9D . 5.0View AnswerAnswer: C Explanation: To find the density of...
Which of the following will also likely show an increase for this firm?
A company's average inventory value has remained relatively constant, while its cost of goods sold has increased. Which of the following will also likely show an increase for this firm?A . Stock levelB . Cycle timeC . TurnoverD . VarianceView AnswerAnswer: C Explanation: An increase in cost of goods sold...
What does the shaded area D (in red) represent?
A firm sells an average of 2,000 units of snacks from its existing stock while it waits for orders to be delivered. Demand during lead time varies in accordance with a normal distribution. The firm's supply manager prepares a presentation to explain the concept of customer service and safety stock...
A company saves packaging from incoming shipments and utilizes the cartons to sort parts and pad outgoing pallets.
A company saves packaging from incoming shipments and utilizes the cartons to sort parts and pad outgoing pallets. This can BEST be described asA . recyclingB . reductionC . reclamationD . reuseView AnswerAnswer: D Explanation: Utilizing packaging from incoming shipments for sorting parts and padding outgoing pallets is best described...
