Mgsc 395 final - Study guides, Class notes & Summaries

MGSC 395 Final Exam with correct Answers

inventory management - Answer the planning and controlling of inventories in order to meet the competitive priorities of the organization inventory - Answer a stock of materials used to satisfy customer demand or to support the production of services or goods pressures for small inventories - Answer -inventory holding cost -cost of capital -storage and handling costs -taxes -insurances -shrinkage pressure for large inventories - Answer - customer service -ordering cost -setup cos...

MGSC 395 Final Exam Concept Questions And Answers Graded A+ MGSC 395 Final Exam Concept Questions And Answers Graded A+

ABC Analysis - CORRECT ANSWER-The process of dividing SKUs into three classes, according to their dollar usage, so that managers can focus on items that have the highest dollar value. Additive Seasonal Method - CORRECT ANSWER-A method in which seasonal forecasts are generated by adding a constant to the estimate of average demand per season. Aggregation - CORRECT ANSWER-The act of clustering several similar services or products so that forecasts and plans can be made for whole families. ...

MGSC 395 FINAL EXAM QUESTIONS AND ANSWERS

MGSC 395 Final Exam Questions and Answers-Graded A

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...

ABC Analysis - CORRECT ANSWER-The process of dividing SKUs into three classes, according to their dollar usage, so that managers can focus on items that have the highest dollar value. Additive Seasonal Method - CORRECT ANSWER-A method in which seasonal forecasts are generated by adding a constant to the estimate of average demand per season. Aggregation - CORRECT ANSWER-The act of clustering several similar services or products so that forecasts and plans can be made for whole families. ...

MGSC 395 Final Exam Concept Questions

MGSC 395 Final Exam Concept Questions