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SCM 303 Exam 3 (MSU SS'20) Questions and Correct Answers the Latest Update $14.49   Add to cart

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SCM 303 Exam 3 (MSU SS'20) Questions and Correct Answers the Latest Update

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Which of the following is not a theoretical factor of forecasting? Multiple Choice Amount. Trend. Cyclical. Seasonal. Amount. Advanced planning and scheduling (APS) facilitates improvements in customer service by ______. Multiple Choice reducing the time to make accurate commitments to ...

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  • November 7, 2024
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  • SCM 303
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SCM 303 Exam 3 (MSU SS'20) Questions
and Correct Answers the Latest Update
Which of the following is not a theoretical factor of forecasting?




Multiple Choice

Amount.

Trend.

Cyclical.

Seasonal.


✓ Amount.



Advanced planning and scheduling (APS) facilitates improvements in customer

service by ______.




Multiple Choice

reducing the time to make accurate commitments to customers

reducing inventory levels

improving resource utilization

None of the above



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✓ reducing the time to make accurate commitments to customers



Which of the following is not a benefit of sales and operations planning?




Multiple Choice

The S&OP process eliminates the need to have finished goods inventory.

The S&OP process results in better customer service.

The S&OP process provides better visibility into future capacity problems.

The S&OP process provides a single set of numbers to run the business.


✓ The S&OP process eliminates the need to have finished goods inventory.



When planning for an increase in production, APS helps to ______.




Multiple Choice

determine what is best for the customer

identify and calculate the cost of strategic options

determine what is best for suppliers

Both determine what is best for the customer and identify and calculate the cost

of strategic options are correct


✓ Both determine what is best for the customer and identify and calculate the cost of
strategic options are correct


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What does the R stand for in CPFR?




Multiple Choice

Repeat.

Replenish.

Re-evaluate.

Re-design.


✓ Replenish.



Which of the following is not a reason for increased importance of S&OP?




Multiple Choice

Increased capacity.

Lesser variance of products.

Strategies are simplified.

Precise demands by key customers.


✓ Precise demands by key customers



Promotions such as "buy one get one free" are somewhat risky in terms of

forecasting. Why?



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Multiple Choice

Increases likelihood of competition.

Could decrease future sales.

Decreases perceived value of regular-price items.

Gives the impression of a struggling company.


✓ Could decrease future sales.



In a situation where there are low economies of scale and a long response time,

the supply chain strategy should focus on ______.




Multiple Choice

an accurate short-term forecast with strong tactics and less consideration of

history

production flexibility since detailed and accurate forecasting is not of critical

importance

responsiveness at the expense of forecast accuracy

both forecast accuracy and responsiveness because they are equally important


✓ production flexibility since detailed and accurate forecasting is not of critical
importance



Which of the following optimizes resources to move materials and goods within

supply chains to minimize cost while meeting deadline constraints?

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