BUAD 332 FINAL Exam – Business Logistics and Supply Chain
Management Test Questions and Answers 2026/2027( Verified
Questions And Answers)||Latest Version ||Quick Pass!!!
Innovative marketing & example in class - ANSWER-a company
should seek real product and marketing improvements
Ex: P&G
Sense-of-mission marketing & example in class - ANSWER-a
company should define mission in broad social terms rather
than narrow product terms
Ex: Dove exposes beauty distortion
What does S&OP stand for? - ANSWER-Sales and Operations
Planning
What is unconstrained demand - ANSWER-Demand that is not
constrained by the ability to supply
Demand forecast - ANSWER-a projection into the future of
expected demand, given a stated set of assumptions
(unconstrained forecast)
,4 types of plans - ANSWER-supply plans
Inventory plans
Demand plans
Financial plans
Plans V. Forecasts - ANSWER--Forecast comes before plan
- forecasts are best guesses about what we think will happen
- plans are decisions we make about what we will actually do
What are the different types of forecasting? - ANSWER--
forecasting level (Level of granularity that forecast is expressed)
-forecasting time horizon (how far out into future you forecast
demand)
-forecasting time interval (how frequently you update forecast)
What are the 3 forecasting levels - ANSWER-product forecast
Brand forecast
SKU forecast (most variable)
, What are the business natures that help determine nature of
process? - ANSWER--Nature of customer base
-nature of data
-nature of products
-nature of people
What are the 2 real functions accomplished by forecasting
systems? - ANSWER-1. Statistical "engine" - software that does
stats
2. Communication - integration w/ other corporate systems &
ability to share info w/ upstream and downstream users
What are the 2 categories of forecasting techniques? -
ANSWER-1. Quantitative/statistical
2. Qualitative
What are the components of time series analysis? - ANSWER-1.
Trend - continuing pattern of demand increase or decrease
2. Seasonality - repeating pattern of demand incr. Or decr.
(single year)
3. Noise - random fluctuation (good if its low)
Management Test Questions and Answers 2026/2027( Verified
Questions And Answers)||Latest Version ||Quick Pass!!!
Innovative marketing & example in class - ANSWER-a company
should seek real product and marketing improvements
Ex: P&G
Sense-of-mission marketing & example in class - ANSWER-a
company should define mission in broad social terms rather
than narrow product terms
Ex: Dove exposes beauty distortion
What does S&OP stand for? - ANSWER-Sales and Operations
Planning
What is unconstrained demand - ANSWER-Demand that is not
constrained by the ability to supply
Demand forecast - ANSWER-a projection into the future of
expected demand, given a stated set of assumptions
(unconstrained forecast)
,4 types of plans - ANSWER-supply plans
Inventory plans
Demand plans
Financial plans
Plans V. Forecasts - ANSWER--Forecast comes before plan
- forecasts are best guesses about what we think will happen
- plans are decisions we make about what we will actually do
What are the different types of forecasting? - ANSWER--
forecasting level (Level of granularity that forecast is expressed)
-forecasting time horizon (how far out into future you forecast
demand)
-forecasting time interval (how frequently you update forecast)
What are the 3 forecasting levels - ANSWER-product forecast
Brand forecast
SKU forecast (most variable)
, What are the business natures that help determine nature of
process? - ANSWER--Nature of customer base
-nature of data
-nature of products
-nature of people
What are the 2 real functions accomplished by forecasting
systems? - ANSWER-1. Statistical "engine" - software that does
stats
2. Communication - integration w/ other corporate systems &
ability to share info w/ upstream and downstream users
What are the 2 categories of forecasting techniques? -
ANSWER-1. Quantitative/statistical
2. Qualitative
What are the components of time series analysis? - ANSWER-1.
Trend - continuing pattern of demand increase or decrease
2. Seasonality - repeating pattern of demand incr. Or decr.
(single year)
3. Noise - random fluctuation (good if its low)
