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- 1. Multiple Choice
Which of the following illustrates a typical conflict in objectives between sales and operations?
intelligence
visibility
knowledge
integration
- 2. Multiple Choice
When a company implements its monthly S&OP process, the process should begin with:
Developing and specifying the constraints related to manufacturing capabilities
Determining the business planning vs financial objectives
Looking at existing orders from major customers
Gathering information from sales and marketing
- 3. Multiple Choice
Which of the following is NOT a key to making S&OP work in an organization.
S&OP should be executed monthly
S&OP should have a clear leader
S&OP should focus 12-18 months into the future
None of the above
- 4. Multiple Choice
In recent years some companies have begun to work closely with their customers and/or suppliers by sharing information to develop forecasts of demand. The procedure they are following is known as:
Coordinated Forecasting of requirements
Joint planning of Demand Forecasts
Collaborative Planning, Forecasting, and Replenishment
Conjoint Analysis and Forecasting
- 5. Multiple Choice
If Dell computer is making a forecast for the next year, which of the following forecasts would most likely have the largest forecast error (as measure by the percentage error)?
Total number of computers (laptops and desktops) to be sold next year in US
Total number of laptops to be sold next year in US
Total number of desktops to be sold next year in US
Total number of laptops with 2 Gigabyte RAM, 80 Gigabyte hard drive and 16x DVD drive to be sold next year in US
- 6. Multiple Choice
Which function typically needs the most detailed forecasts and therefore typically deals with the highest forecast error?
logistics
production
finance
marketing
- 7. Multiple Choice
Which of the following is not a time series technique of forecasting?
simulation
exponential smoothing
moving average
adaptive smoothing
- 8. Multiple Choice
S&OP is a process that applies only to manufacturing organizations.
True
False
- 9. Multiple Choice
A company that has a responsive supply chain capability is less reliant on forecasting than a company that has an anticipatory supply chain.
True
False
- 10. Multiple Choice
Use of statistical forecasting techniques removes the need for managerial judgment in forecasting.
True
False
- 11. Multiple Choice
It is generally easier to provide an accurate forecast of SKU level demand than it is to provide an accurate forecast of total demand.
True
False
- 12. Multiple Choice
S&OP is primarily concerned with implementation of advanced planning information technology.
True
False
- 13. Multiple Choice
As a forecasting technique, moving average:
is useful when only base and irregular demand components exist
is never useful
is useful when demand patterns repeat with cyclic, trend, or seasonal components
is useful when there is a strong relationship between demand and certain independent variables
- 14. Multiple Choice
Knowing the location and status of inventory and resources is referred to as:
intelligence
visibility
knowledge
integration
- 15. Multiple Choice
Test three is to be completed no later than:
10/9/19
10/15/19
10/16/19
10/20/19
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