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 =...

September 23, 2024 No Comments READ MORE +

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...

September 23, 2024 No Comments READ MORE +

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...

September 22, 2024 No Comments READ MORE +

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...

September 21, 2024 No Comments READ MORE +

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...

September 21, 2024 No Comments READ MORE +

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'...

September 20, 2024 No Comments READ MORE +

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...

September 19, 2024 No Comments READ MORE +

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...

September 19, 2024 No Comments READ MORE +

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...

September 18, 2024 No Comments READ MORE +

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...

September 16, 2024 No Comments READ MORE +