SCM 309 Midterm UTK Exam
Questions & Answers (Grade A+)
What is Demand Supply Integration (DSI) -
correct answer ✅DSI is the ability to get all parts of the company
to work together in getting products to consumers (Management,
accounting, finance, marketing, sales)
Differences between demand planning and supply planning -
correct answer ✅Demand planning involves sales portfolios and
goals along with statistical forecasts.
Supply planning involves the demand plan to determine how much
to produce and when.
Planning -
correct answer ✅Managerial actions that result from the
demand/supply integration process
Demand Forecasting -
correct answer ✅Using previous demand to predict future
demand.
Planning Cadence -
correct answer ✅How frequently the demand planning process is
executed
, SCM 309 Midterm UTK Exam
Questions & Answers (Grade A+)
Planning Horizon -
correct answer ✅Length of time on which a forecast is based
Time bucket -
correct answer ✅Unit of measure for the time period use in a
forecast (days, weeks, months, quarters)
Bill of materials -
correct answer ✅list of raw materials that are needed at each
point of manufacturing an end product
What is a forecast? -
correct answer ✅A forecast is a prediction of a future event used
for planning purposes
Forecasting Lingo -
correct answer ✅Forecast: how much time we think we need
Actual: how much time we actually needed
Error: how far we were off (actual demand - forecasted demand)
Questions & Answers (Grade A+)
What is Demand Supply Integration (DSI) -
correct answer ✅DSI is the ability to get all parts of the company
to work together in getting products to consumers (Management,
accounting, finance, marketing, sales)
Differences between demand planning and supply planning -
correct answer ✅Demand planning involves sales portfolios and
goals along with statistical forecasts.
Supply planning involves the demand plan to determine how much
to produce and when.
Planning -
correct answer ✅Managerial actions that result from the
demand/supply integration process
Demand Forecasting -
correct answer ✅Using previous demand to predict future
demand.
Planning Cadence -
correct answer ✅How frequently the demand planning process is
executed
, SCM 309 Midterm UTK Exam
Questions & Answers (Grade A+)
Planning Horizon -
correct answer ✅Length of time on which a forecast is based
Time bucket -
correct answer ✅Unit of measure for the time period use in a
forecast (days, weeks, months, quarters)
Bill of materials -
correct answer ✅list of raw materials that are needed at each
point of manufacturing an end product
What is a forecast? -
correct answer ✅A forecast is a prediction of a future event used
for planning purposes
Forecasting Lingo -
correct answer ✅Forecast: how much time we think we need
Actual: how much time we actually needed
Error: how far we were off (actual demand - forecasted demand)
