SCM FINAL FALL 2025 QUESTIONS WITH COMPLETE SOLUTIONS!!
The primary difference between demand management and demand forecasting is:
- Forecasting is only possible when quantitative data are available
- Demand management is proactive, while forecasting attempts to predict
- A firm cannot execute both approaches simultaneously
- One approach deals with uncertainty, while the other deals with known demand. - (answer)demand
management is proactive, while forecasting attempts to predict
Strategic demand planning would best be utilized:
- To direct day-to-day operations in a manufacturing plant.
- To determine plans for employee overtime.
- To decide whether or not to close a manufacturing plant.
- To determine plans for hiring or laying off employees.
- All answers are correct. - (answer)to decide whether or not to close a manufacturing plant
Suppose your firm is about to launch a radically new product. The type of demand forecasting system
you would most likely use is:
- Regression
- Executive judgment
- Time series
- Moving average
- Exponential smoothing. - (answer)executive judgement
Convex Computer Company makes many different forecasts. Which of the following forecasts is
probably the least accurate?
- Total number of computers (laptops and desktops) to be sold next month.
- Total number of laptops to be sold next month.
- Total number of desktops to be sold next year.
,SCM FINAL FALL 2025 QUESTIONS WITH COMPLETE SOLUTIONS!!
- Total number of laptops with 2 gigabyte RAM, 80 gigabyte hard drive, and 16x DVD drive to be sold
next year - (answer)total number of laptops with 2 gigabyte RAM, 80 gigabyte hard drive, and 16x
DVD drive to be sold next year
In recent years some companies have begun to work closely with their customers and/or suppliers by
sharing information to develop demand plans and execute those plans. The procedure they are
following is known as:
- Coordinated foreplanning of requirements.
- Joint planning of demand forecasts.
- Collaborative planning, forecasting, and replenishment.
- Conjoint analysis and forecasting. - (answer)collaborative planning, forecasting, and replenishment
Long-term/strategic demand planning is typically done using what units?
- Total business unit sales
- Total product family sales
- Total product item sales
- Sales at a given location - (answer)total business unit sales
What is the relationship between demand management and demand forecasting?
- The two planning activities are managed independently.
- Demand management plans are usually an input to demand forecasting.
- Demand management is done by operations managers, while demand forecasting is done by
marketing managers.
- All the answers are correct. - (answer)demand management plans are usually an input to demand
forecasting
Which of the following factors should be considered when one designs a forecasting process?
- Time horizon for planning.
- Level of detail for planning.
, SCM FINAL FALL 2025 QUESTIONS WITH COMPLETE SOLUTIONS!!
- Availability of data.
- All the answers are correct. - (answer)all the answers are correct
A forecasting technique that seeks inputs from people who are in close contact with customers is
known as:
- Historical analogy.
- Focused forecasting.
- Grassroots forecasting.
- Marketing research. - (answer)grassroots forecasting
How does product design affect forecasting accuracy?
- Postponable product designs remove the need to forecast demand for final product configurations.
- A popular product design improves the demand volume and forecast.
- Forecast accuracy is not related to product design.
- None of the statements are true. - (answer)postponable product designs remove the need to
forecast demand for final product configurations
A computer program that uses algorithms to learn by analyzing many different types of models
applied to large amounts of data is called:
- Historical analogy.
- Focused forecasting.
- Artificial intelligence.
- Algorithmic modeling. - (answer)artificial intelligence
Which of the following statements best describes demand forecasting?
- The objective of forecasting is to develop the best statistical model.
- Better forecasts usually come from combinations of inputs.
- Executives usually make better forecasts than machines.
The primary difference between demand management and demand forecasting is:
- Forecasting is only possible when quantitative data are available
- Demand management is proactive, while forecasting attempts to predict
- A firm cannot execute both approaches simultaneously
- One approach deals with uncertainty, while the other deals with known demand. - (answer)demand
management is proactive, while forecasting attempts to predict
Strategic demand planning would best be utilized:
- To direct day-to-day operations in a manufacturing plant.
- To determine plans for employee overtime.
- To decide whether or not to close a manufacturing plant.
- To determine plans for hiring or laying off employees.
- All answers are correct. - (answer)to decide whether or not to close a manufacturing plant
Suppose your firm is about to launch a radically new product. The type of demand forecasting system
you would most likely use is:
- Regression
- Executive judgment
- Time series
- Moving average
- Exponential smoothing. - (answer)executive judgement
Convex Computer Company makes many different forecasts. Which of the following forecasts is
probably the least accurate?
- Total number of computers (laptops and desktops) to be sold next month.
- Total number of laptops to be sold next month.
- Total number of desktops to be sold next year.
,SCM FINAL FALL 2025 QUESTIONS WITH COMPLETE SOLUTIONS!!
- Total number of laptops with 2 gigabyte RAM, 80 gigabyte hard drive, and 16x DVD drive to be sold
next year - (answer)total number of laptops with 2 gigabyte RAM, 80 gigabyte hard drive, and 16x
DVD drive to be sold next year
In recent years some companies have begun to work closely with their customers and/or suppliers by
sharing information to develop demand plans and execute those plans. The procedure they are
following is known as:
- Coordinated foreplanning of requirements.
- Joint planning of demand forecasts.
- Collaborative planning, forecasting, and replenishment.
- Conjoint analysis and forecasting. - (answer)collaborative planning, forecasting, and replenishment
Long-term/strategic demand planning is typically done using what units?
- Total business unit sales
- Total product family sales
- Total product item sales
- Sales at a given location - (answer)total business unit sales
What is the relationship between demand management and demand forecasting?
- The two planning activities are managed independently.
- Demand management plans are usually an input to demand forecasting.
- Demand management is done by operations managers, while demand forecasting is done by
marketing managers.
- All the answers are correct. - (answer)demand management plans are usually an input to demand
forecasting
Which of the following factors should be considered when one designs a forecasting process?
- Time horizon for planning.
- Level of detail for planning.
, SCM FINAL FALL 2025 QUESTIONS WITH COMPLETE SOLUTIONS!!
- Availability of data.
- All the answers are correct. - (answer)all the answers are correct
A forecasting technique that seeks inputs from people who are in close contact with customers is
known as:
- Historical analogy.
- Focused forecasting.
- Grassroots forecasting.
- Marketing research. - (answer)grassroots forecasting
How does product design affect forecasting accuracy?
- Postponable product designs remove the need to forecast demand for final product configurations.
- A popular product design improves the demand volume and forecast.
- Forecast accuracy is not related to product design.
- None of the statements are true. - (answer)postponable product designs remove the need to
forecast demand for final product configurations
A computer program that uses algorithms to learn by analyzing many different types of models
applied to large amounts of data is called:
- Historical analogy.
- Focused forecasting.
- Artificial intelligence.
- Algorithmic modeling. - (answer)artificial intelligence
Which of the following statements best describes demand forecasting?
- The objective of forecasting is to develop the best statistical model.
- Better forecasts usually come from combinations of inputs.
- Executives usually make better forecasts than machines.
