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MNP3702 ASSIGNMENT 1 2023 SEMESTER 1What does the acronym CPFR represent?
a. Centralised purchasing and forecasting relationships
b. Collaborative planning, forecasting, and replenishment
c. Coordinated planning and forecasting relationships.
d. Collaborative purchasing, forecasting, and receivables
Question 2
Which one of the following is NOT a type of qualitative forecasting?
a.Sales force composite
b.Simple moving average
c.Consumer survey
d.Jury of executive opinion
Question 3
What is considered an acceptable range for a tracking signal?
a.±2
b.±3
c.±10
d.±1
Question 4
Quantitative forecasts use mathematical techniques that are based on:
a.Expert opinions
b.Surveys
c.Historical data
, d.Salesforce knowledge of the market
Question 5
Inaccurate forecasts can result in negative outcomes such as …
a.Material shortages and decreased costs of obsolescence.
b.Imbalances in supply and demand.
c.High inventory costs and increased profits.
d.Low inventory costs and stockouts.
Question 6
A forecast tracking signal is used to determine…
a.The price to charge for the product
b.If the forecast bias is within the acceptable control limits
c.The location of the current shipment
d.If the product has shipped on time
Question 7
Which one of the following may NOT influence demand and should be considered
when developing a forecast?
a.Supplier quality
b.New competition
c.Emerging markets
d.Ergonomic conditions
Question 8
What component of a time series has variations in demand which show peaks and
valleys that repeat over a consistent interval such as hours, days, weeks, months, or
years?
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