Chapter 7 LSCM 3969 Quiz – Flashcards
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physical distribution
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An outbound-to-customer logistics system is also referred to as
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Demand management includes
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Flows of products. Flows of services. Flows of capital. All of the these answers
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The essence of demand management is to estimate and manage ___________ and use this information to make operating decisions
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customer demand
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The weighted moving average method assigns
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a weight to each previous period.
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Exponential smoothing
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is one of the most commonly used techniques
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Four types of forecast error measures can be used. Which one of the following is not one of the four types?
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exponential smoothing for trends
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Exponential smoothing can use constants higher than 1, but not more than 5
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False
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A weighted moving average assigns higher weights to more recent periods.
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True
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Forecasting has become extremely accurate, especially since the development of the S&OP process.
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False
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Demand management might be defined as focused efforts to estimate and manage customers' demand, with the intention of using this information to shape operating decisions
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True
