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Questions and Answers
What does the sales staff look at to forecast sales?
What does the sales staff look at to forecast sales?
- Customer feedback, competitor analysis, and inventory levels
- Historical sales trend, marketing strategies, and industry trends (correct)
- Quality control reports, employee performance, and technological advancements
- Financial data, production schedules, and inventory management techniques
What is a key component of the Supply Planning process?
What is a key component of the Supply Planning process?
- Production schedules (correct)
- Market research
- Customer complaints
- Sales forecasts
How does S&OP help improve customer satisfaction?
How does S&OP help improve customer satisfaction?
- By increasing advertising spending
- By outsourcing customer service
- By guaranteeing product availability and on-time delivery (correct)
- By offering discounts on bulk purchases
What is an outcome of effective resource allocation in terms of costs?
What is an outcome of effective resource allocation in terms of costs?
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Who is primarily responsible for creating the demand plan in the S&OP process?
Who is primarily responsible for creating the demand plan in the S&OP process?
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What is the main purpose of Economic Order Quantity (EOQ)?
What is the main purpose of Economic Order Quantity (EOQ)?
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How does lower order quantities affect ordering costs according to the text?
How does lower order quantities affect ordering costs according to the text?
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What is a key aspect of effective inventory management as mentioned in the text?
What is a key aspect of effective inventory management as mentioned in the text?
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In supply chain optimization, what can organizations achieve by analyzing large volumes of supply chain data?
In supply chain optimization, what can organizations achieve by analyzing large volumes of supply chain data?
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How does effective inventory management impact customer satisfaction?
How does effective inventory management impact customer satisfaction?
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