Podcast
Questions and Answers
What is the result of a lack of coordination in the supply chain?
What is the result of a lack of coordination in the supply chain?
What type of change in demand can be forecast?
What type of change in demand can be forecast?
Which of the following is an option for managing demand in the face of predictable variability?
Which of the following is an option for managing demand in the face of predictable variability?
What is the primary goal of inventory management?
What is the primary goal of inventory management?
Signup and view all the answers
What is the term for the management of capacity, inventory, subcontracting, and backlogs to handle predictable variability?
What is the term for the management of capacity, inventory, subcontracting, and backlogs to handle predictable variability?
Signup and view all the answers
What is the term for demand that is directly related to the demand of other SKUs?
What is the term for demand that is directly related to the demand of other SKUs?
Signup and view all the answers
What is the formula for calculating the Inventory Position?
What is the formula for calculating the Inventory Position?
Signup and view all the answers
What is the primary objective of the Economic Order Quantity (EOQ) model?
What is the primary objective of the Economic Order Quantity (EOQ) model?
Signup and view all the answers
What is the assumption of the EOQ model regarding stockouts?
What is the assumption of the EOQ model regarding stockouts?
Signup and view all the answers
What is the term for the extra inventory held to reduce the risk of stockouts?
What is the term for the extra inventory held to reduce the risk of stockouts?
Signup and view all the answers
What is the term for the frequency at which the inventory position is reviewed in a Fixed-Period System?
What is the term for the frequency at which the inventory position is reviewed in a Fixed-Period System?
Signup and view all the answers
What is demand forecasting primarily used for in supply chain management?
What is demand forecasting primarily used for in supply chain management?
Signup and view all the answers
Which of the following is a role of forecasting in production?
Which of the following is a role of forecasting in production?
Signup and view all the answers
What is a characteristic of long-term forecasts compared to short-term forecasts?
What is a characteristic of long-term forecasts compared to short-term forecasts?
Signup and view all the answers
What is a key approach to forecasting that involves adjusting mathematical models with managerial judgment?
What is a key approach to forecasting that involves adjusting mathematical models with managerial judgment?
Signup and view all the answers
Which of the following is NOT a role of forecasting in finance?
Which of the following is NOT a role of forecasting in finance?
Signup and view all the answers
What is a characteristic of aggregate forecasts compared to disaggregate forecasts?
What is a characteristic of aggregate forecasts compared to disaggregate forecasts?
Signup and view all the answers
