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Home Page Science Medicine Physical Fitness Human Resource Management Chapter 7 LSCM 3969 Quiz - Flashcards

Chapter 7 LSCM 3969 Quiz – Flashcards

Oscar Hall
8 July 2022
10 test answers

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question
physical distribution
answer
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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question
Four types of forecast error measures can be used. Which one of the following is not one of the four types?
answer
exponential smoothing for trends
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question
Exponential smoothing can use constants higher than 1, but not more than 5
answer
False
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question
A weighted moving average assigns higher weights to more recent periods.
answer
True
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question
Forecasting has become extremely accurate, especially since the development of the S&OP process.
answer
False
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question
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
answer
True
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Question
What is the right structure for an essay
Answer
A paragraph is a related group of sentences that develops one main idea. Each paragraph in the body of the essay should contain:
  • a topic sentence that states the main or controlling idea
  • supporting sentences to explain and develop the point you’re making
  • evidence from your reading or an example from the subject area that supports your point
  • analysis of the implication/significance/impact of the evidence finished off with a critical conclusion you have drawn from the evidence.