Mgsc 395 final - Study guides, Class notes & Summaries

MGSC 395 Final Exam Concept Questions and Answers with complete solution

MGSC 395 Final Exam Concept Questions with complete solution

demand forecasting is used as the basis for all planning, up and down the organization demand forecasting is one of the critical inputs into business success Financial plans plans for the year(s) – The demand is the basis for the business plan and drives nearly all other categories investment plans Given the business plan and given the projected demand, where do we need to invest? Should we grow the bottleneck? Should we develop new products? Etc. Number of people Based on the deman...

MGSC 395 Final Questions With Solutions A stockout occurs when an item that is typically stocked is not available to satisfy a demand the moment it occurs. True A backorder occurs when a customer order cannot be filled when it is placed, but is instead filled later. True Setup cost is independent of order size True Reducing setup costs will increase the pressure to keep larger inventories. False

MGSC 395 Final Exam Questions and Answers-Graded A

MGSC 395 Final Exam Questions With Solutions Generally, which of the following are to be avoided when managing demand? A. quantity discounts B. backorders C. perishable capacity D. promotional pricing A

A demand management option for a company is to even out the load on resources by producing ___________ products, or services that have similar resource requirements but different demand cycles. A. prescheduled products B. complementary products C. backlog products D. promotional products - CORRECT ANSWER-B Generally, which of the following are to be avoided when managing demand? A. quantity discounts B. backorders C. perishable capacity D. promotional pricing - CORRECT ANSWER-...

MGSC 395 Final Exam Questions And Answers With Verified Study Tests MGSC 395 Final Exam Questions And Answers With Verified Study Tests

MGSC 395 Final Exam Questions With Solutions Demand Forecasting One of the critical inputs into business success ______________ is used as the basis for all planning, up and down the organization Demand Forecasting Demand forecasting can lead to changes in Strategy Demand forecasting can drive Tactical decisions Forecast accuracy •Forecasts are always wrong! •Measure of error is important - most firms do not measure this!

MGSC 395 FINAL EXAM QUESTIONS AND ANSWERS