Scm 470 quiz 3 graded a - Study guides, Class notes & Summaries

SCM 470 Quiz 3 Graded A+ 3 Laws of Forecasting 1. aggregate (group of products) is more accurate than disaggregate (single product) 2. short term is more accurate than long term 3. forecasts are no substitute for actual demand What are the three families of forecasting methods? Judgement, causal, time series What are some disadvantages of focus groups? expensive, time consuming, biased feedback What is it called when a group of experts individually work to develop a forecast, then...

SCM 470 Quiz 1 Already Graded A+ 6 major speaking faults 1. unclear purpose 2. lack of organization/leadership 3. too much information 4. not enough support 5. monotonous voice and sloppy speach 6. not meeting real needs of audience 5 trouble spots openings closings transitions questions and answers visual aids 4 fears shared by all speakers performing poorly audience embarrassment material is not good enough 3 exercises that make you feel better physically proper...

SCM 470 Quiz 2 Graded A+ Safety Stock ️protects from uncertainty Decoupling Inventory ️different processing rates Anticipatory Inventory ️prebuild inventory for the future Cycle Stock ️average lot or badge size Pipeline Inventory ️moving from point A to point B Reasons to HOLD inventory ️- Meet customer demand - Temper uncertainty - Economies of scale - Profit during inflation - Manage lead times Reasons to MINIMIZE inventory ️- Obsolescence, breakage, theft - Storage...