11/16/21, 4:06 PM
NAME :
Demand Forecasting in a Supply Chain
8 Questions
1.
a) A planning tool that helps management
in its attempts to cope with the
uncertainty of the future, relying mainly
on data from the past and present and
analysis of trends.
c) The process of obtaining and managing
of products or services needed to
operate a business or other type of
organization.
2.
a) Appropriate flexibility is an effective
approach for global supply chain to deal
with variety of risks and uncertainities.
c) Uncertainly in demand and economic
factors should be included in the financial
evaluation of supply chain design
decisions.
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CLASS :
DATE :
What is the definition of forecasting?
b) The organization and coordination of the
activities of a business in order to achieve
defined objectives.
d) A claim for a sum of money as due,
necessary, or required.
Which of these options are define the characteristics of
forecasts?
b) Aggregate forecasts are usually more
accurate than dissaggregate forecasts, as
they tend to have a smaller standart
deviation of error relative to the mean.
d) Forecasts is not 100% accurate and
should thus include both the expected
value of the forecast and a measure of
forecast error.
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3. Which one of these options are not forecasting

methods?

a) Qualitative b) Quantitative
c) Simulation d) Time series

4. Which of these points are important for an organization

to forecast effectively?

a) Understand the objective of forecasting. b) Forecast at the appropriate level of

aggregation.
c) Use multiple metrics to evaluate global d) Establish performance and error
supply chain networks. measures for the forecast.
e) Combine strategic planning and financial
planning during global network design.

5. What is the definition of the "causal forecasting

methods"?
a) It use historical demand to make a
forecast. They are based on the
assumption that past demand history is a
good indicator of future demand.
c) It imitate the consumer choices that give
rise to demand to arrive at a forecast.
b) It assume that the demand forecast is
highly correlated with certain factors in
environment (the state of the economy,
interest rates, etc.)
d) They are primarily subjective and rely on
human judgment.

6. What is the goal of forecasting? (Chose the BEST answer)

a) To underutilize facilities b) To plan for new storage options
c) To help plan d) To predetermine number of mangers

7. What forecasting methods is of most use to Special K

Cereal makers?
a) Quantitative b) Status Quo
c) Qualitative d) Survey

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8. Time series analysis involves:

a) Analysing past data b) Predicting future sales
c) Assuming past data is a reliable indicator d) All of the above
of future sales

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Answer Key
1. a 3. b 5. b 7. c
2. d 4. a,b,d 6. c 8. d

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