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CPIM 8 Mod 3 Sect B Flashcards | StudBud
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CPIM 8 Mod 3 Sect B
CPIM 8 Mod 3 Sect B
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Sources of Demand / Forecasting Supply Chain Mavens Dave Credicott
Flashcards
11 cards
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Practice quiz
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Questions
11
Answers
1
An easy and accurate way to forecast demand is to start with your delivery orders from last year.
True
False
2
Technique using
internal historical data
to project future demand: because the past is usually a good future predictor
Extrinsic (causal)
Exponential smoothing
Qualitative
Intrinsic (time series)
3
Which of the statements in the image are true, regarding
Moving Averages
?
#2 only
Neither
Both #1 and #2
#1 only
4
Which type of demand requires
forecasting
?
Independent
Dependent
5
Forecasting
- select all statements which are true:
Should be accompanied with a statement of error (e.g., +/- %)
With practice, forecasts are usually very accurate
More accurate in the short term, than in the long term future
More accurate when forecasting individual items (rather than groups)
6
Forecasting techniques that rely on expert judgement, intuition, market experience, and management insight are ____.
Qualitative
Quantative
7
Demand = 900. Forecast = 800. Using a high alpha = 0.8 to emphasize actuals, the
exponential smoothing forecast
= ?
820
880
900
800
8
Pyramid forecasting
is an example of
Using external indicators to determine SKU quantities
A quantitative roll-up forecast modified at the top by a qualitative value
A scheduling method used in the construction of Egyptian pyramids
An anonymous forecast, to avoid “groupthink”
9
If you manufacture bicycles, tires represents which
type of demand
?
Independent
Dependent
10
Which of the following represent potential sources of demand? (Select all that apply)
Sales promotions
New retail channel
Customer orders
VMI customers
New product introductions
Distribution center replenishments
11
The demand pattern in the image exhibits which attributes? (Select all that apply)
Decreasing trend
Increasing trend
Random variation
Seasonality