SCM Fundamentals Exam 1 ALL SOLUTION & ANSWERS 100% CORRECT SPRING FALL-2023/24 EDITION GUARANTEED GRADE A+

session 02 featured Cedric Bandoh, who is a rising executive in Supply Chain Management at Hewlett Packard. Cedric described the reason(s) that HP recruits heavily from our Bauer Supply Chain Management majors as: A. Many executives at HP, including the VP of Procurement ("Buy" Function), have degrees from Bauer. Also, our SCM majors obtain the breadth and depth of knowledge within their classes that have proven, over time, to enable our graduates to be successful in their careers. The policies, people, and decision rules that affect the culture and operation of the business are considered: E. Infrastructural elements The opening video of Session 01 highlighted the position of a Merchandise Planner, within Supply Chain at the company, Sephora. This Merchandise Planner, Brianna, mentions that to be successful in Supply Chain Management, one should possess: C. A curiosity for learning because Supply Chain Management involves "playing in the grey area" where there are a range of possible answers to problems. Given the following historical demand, what is the naïve forecast for Week 5? Week 1 = 2000 Week 2 = 4000 Week 3 = 6000 Week 4 = 8000 Week 5 = Predict using the naïve forecast B. 8000 Given the following historical demand, what is the weighted moving average forecast (0.4, 0.3, 0.3) for Week 6? Week 1 = 10000 Week 2 = 9000 Week 3 = 8000 Week 4 = 7000 Week 5 = 6000 Week 6 = Predict using the weighted moving average forecast (0.4, 0.3, 0.3) C. 6900 The decision about where a warehouse will be built is considered a: D. Structural Decision The opening video to Session 02 included an Inventory Planner at Lyondell Bassell. This Inventory Planner mentioned that prior to coming to work at a major chemicals company in the field of Supply Chain, a prospective Supply Chain Management employee does not have to have a background in Chemistry because: B. Companies like Lyondell Bassell (which hires UH SCM graduates) have extensive training programs where they teach you everything you need to know about chemicals (or oil, or rockets, or fashion, or technology - whatever industry-specific knowledge you need to be successful). At the beginning of the Introduction Session, Starbucks' Supply Chain was featured. As described in the video, Starbuck's Supply Chain activities begin with the task of: A. Planting the Coffee Bean Plants at the coffee farms The opening video of Session 01 highlighted the position of a Merchandise Planner, within Supply Chain at the company, Sephora. This Merchandise Planner, Brianna, mentions and demonstrates that her work within Supply Chain Management consists mostly of: C. Collaboration with a variety of business functions including demand planners, product allocation, marketing, merchandising and branding functions. The closing video within Session 03 featured a Demand Planner at Loreal. Her role is to utilize Business Analytics to forecast sales for Loreal which is used to plan Sales and Marketing initiatives as well as production and distribution. She uses a variety of adjectives to describe her job including: B. Adventurous, Exciting, Fun, Imaginative, Creative, Freedom to Think "Outside of the Box" At the end of the Introduction Session, there was a video highlighting how Supply Chain Management concepts are used in Disaster Relief. The video tells the story of Chip Chappelle, who is a Supply Chain Management professional. With his company, he organized an entire Supply Chain to bring relief to Haiti after a devastating earthquake. Chip works as a Supply Chain Manager for the company: A. UPS Because many of the older Supply Chain Management professionals are retiring and because Supply Chain Management increasingly involves the use of innovative technologies: D. Companies are increasingly hiring younger Supply Chain Management professionals to fill these exciting jobs. Within the first opening video within Session 02, the Supply Chain Professional was describing how he chose SCM as a major and the things he liked most about Supply Chain Management as a career. These are the things he likes most: D. In Supply Chain Management, you are always using your brain to solve problems, so no two days are ever the same. Also, Supply Chain Management is so diverse, it is applicable to many different career paths. Given the following historical demand, what is the 3-period (n=3) moving average forecast for Week 6? Week 1 = 2000 Week 2 = 4000 Week 3 = 6000 Week 4 = 8000 Week 5 = 10000 Week 6 = Predict using the 3-period (n=3) moving average forecast B. 8000 Session 01 included a profile video of a couple of our SCM alumni, Matt and Leandra at Shell. Matt and Leandra both manage portfolios worth _______, and deliver _______ in savings each year. B. They each manage portfolios worth $500 Million to $3 Billion and deliver $Millions in savings each year The opening video of Session 03 featured a 3rd party logistics company, Coyote Logistics. This is a company that manages the logistics/transportation function of Supply Chain Management for other companies .... ALL they do is Supply Chain. This video gives you a glimpse into the dynamic culture at Coyote .... which is similar to many new "startup" Supply Chain Management organizations. Within this video, you can see the employees laughing with one another, playing games, and throwing: E. A football Given the following historical demand and forecast, calculate the Mean Absolute Percentage Error: Week 1 Demand: 50 Forecast: 45 Week 2 Demand: 54 Forecast: 61 Week 3 Demand: 58 Forecast: 64 B. about 11.1% Which of the following forecasts is the WORST given the following RSFE: Joe's Forecast RSFE = 23 Mary's Forecast RSFE = -44 Sam's Forecast RSFE = 35 Sara's Forecast RSFE = -27 B. Mary's Forecast Given the following historical demand and forecast, calculate the Mean Forecast Error: Week 1 Demand: 50 Forecast: 45 Week 2 Demand: 54 Forecast: 51 Week 3 Demand: 58 Forecast: 60 E. 2 Session 05 featured a Supply Chain Manager at Unilever. She grew up in China and began working for Unilever in Australia. Her greatest sense of achievement is when she: A. Sees how the team she is managing is able to reduce costs and inventory while increasing the Key Performance Indicators for the company. In Supply Chain roles, we can see how our work changes the way the company performs. Given the following historical demand and forecast, calculate the Mean Absolute Deviation: Week 1 Demand: 50 Forecast: 53 Week 2 Demand: 54 Forecast: 56 Week 3 Demand: 58 Forecast: 57 A. 2 CONTINUED...