SCMT 2103 Exam 5 Questions With
Complete solutions
what |is |the |bullwhip |effect? |- |CORRECT |ANSWER✔✔-small |changes |in |demand |that |can |
produce |a |whip-like |effect |upstream
What |are |the |results |of |the |bullwhip |effect? |- |CORRECT |ANSWER✔✔-- |companies |at |different |
stages |have |different |market |demands
- |breakdown |in |coordination |
- |create |product |shortages |and |lead |to |product |excess
what |are |factors |that |lead |to |the |bullwhip |effect? |- |CORRECT |ANSWER✔✔-- |demand |
forecasting |
- |order |batching |
- |product |rationing |
- |performance |incentives
What |is |demand |forecasting? |- |CORRECT |ANSWER✔✔-- |bullwhip |effect
- |use |end-user |demand |data
- |if |based |on |orders, |it |will |more |become |inaccurate |as |you |move |up |the |chain
How |to |counteract |demand |forecasting |issues? |- |CORRECT |ANSWER✔✔-share |a |common |set |
of |demand |data |for |forecasting, |close |to |the |end-user |data
What |is |order |batching? |- |CORRECT |ANSWER✔✔-occurs |when |companies |order |periodically |in
|amounts |to |minimize |order-processing |& |transportation |costs |(orders |vary |from |actual |
demand)
, How |to |counteract |order |batching? |- |CORRECT |ANSWER✔✔-- |find |ways |to |reduce |order-
processing |& |transportation |cost
- |reduce |EOQ |lot |size |& |order |more |frequently
what |is |product |rationing? |- |CORRECT |ANSWER✔✔-- |more |demand |than |supply |
- |who |gets |what |product?
what |is |the |one |approach |for |product |rationing? |- |CORRECT |ANSWER✔✔-allocate |the |supply |
based |on |number |received
how |to |counteract |product |rationing? |- |CORRECT |ANSWER✔✔-- |ration |based |on |historical |
demand |patterns |
- |alert |customers |in |advance
What |is |product |pricing? |- |CORRECT |ANSWER✔✔-- |price |fluctuation |cases |distortions |in |
demand |
- |creates |wave |of |demand |instead |of |smooth |flow
how |to |counteract |product |pricing? |- |CORRECT |ANSWER✔✔-EDLP
EDLP |- |CORRECT |ANSWER✔✔-Everyday |Low |Prices
what |is |performance |incentives? |- |CORRECT |ANSWER✔✔-- |different |for |companies |& |
individuals |in |the |chain
- |viewed |in |isolation
how |do |you |counteract |performance |incentives? |- |CORRECT |ANSWER✔✔-- |align |incentives
- |using |accurate |ABC |data
Complete solutions
what |is |the |bullwhip |effect? |- |CORRECT |ANSWER✔✔-small |changes |in |demand |that |can |
produce |a |whip-like |effect |upstream
What |are |the |results |of |the |bullwhip |effect? |- |CORRECT |ANSWER✔✔-- |companies |at |different |
stages |have |different |market |demands
- |breakdown |in |coordination |
- |create |product |shortages |and |lead |to |product |excess
what |are |factors |that |lead |to |the |bullwhip |effect? |- |CORRECT |ANSWER✔✔-- |demand |
forecasting |
- |order |batching |
- |product |rationing |
- |performance |incentives
What |is |demand |forecasting? |- |CORRECT |ANSWER✔✔-- |bullwhip |effect
- |use |end-user |demand |data
- |if |based |on |orders, |it |will |more |become |inaccurate |as |you |move |up |the |chain
How |to |counteract |demand |forecasting |issues? |- |CORRECT |ANSWER✔✔-share |a |common |set |
of |demand |data |for |forecasting, |close |to |the |end-user |data
What |is |order |batching? |- |CORRECT |ANSWER✔✔-occurs |when |companies |order |periodically |in
|amounts |to |minimize |order-processing |& |transportation |costs |(orders |vary |from |actual |
demand)
, How |to |counteract |order |batching? |- |CORRECT |ANSWER✔✔-- |find |ways |to |reduce |order-
processing |& |transportation |cost
- |reduce |EOQ |lot |size |& |order |more |frequently
what |is |product |rationing? |- |CORRECT |ANSWER✔✔-- |more |demand |than |supply |
- |who |gets |what |product?
what |is |the |one |approach |for |product |rationing? |- |CORRECT |ANSWER✔✔-allocate |the |supply |
based |on |number |received
how |to |counteract |product |rationing? |- |CORRECT |ANSWER✔✔-- |ration |based |on |historical |
demand |patterns |
- |alert |customers |in |advance
What |is |product |pricing? |- |CORRECT |ANSWER✔✔-- |price |fluctuation |cases |distortions |in |
demand |
- |creates |wave |of |demand |instead |of |smooth |flow
how |to |counteract |product |pricing? |- |CORRECT |ANSWER✔✔-EDLP
EDLP |- |CORRECT |ANSWER✔✔-Everyday |Low |Prices
what |is |performance |incentives? |- |CORRECT |ANSWER✔✔-- |different |for |companies |& |
individuals |in |the |chain
- |viewed |in |isolation
how |do |you |counteract |performance |incentives? |- |CORRECT |ANSWER✔✔-- |align |incentives
- |using |accurate |ABC |data
