Buad 331 Exam 1Questions And Accurate Answers

Which of the following is NOT one of the expected outcomes of a DSI process? - correct answers Demand Forecast DSI - correct answers A business planning process that takes in information about demand in the marketplace, supply capabilities, financial goals, and the strategic direction of the firm, and makes clear decisions about what to do in the future. T or F? In most cases, demand in the marketplace and the firm's capacity to supply are in balance - correct answers False If during the DSI process, the firm concludes that there is more demand in the marketplace than there is capacity in the supply chain for a particular product, one reasonable action step that could be taken would be - correct answers Raise the products price T or F? It is far more trouble than it's worth to implement the goals of DSI across various levels of the supply chain. - correct answers False An OEM's demand plan should serve as input to the supplier's: - correct answers Demand forecast What does plan-driven forecasting result in? - correct answers Plan-driven forecasting results in a culture where the process loses integrity, and forecast users stop believing what forecasters say Plan-driven forecasting occurs when the firm's financial goals have an inordinate influence on the firm's - correct answers Demand Forecast T or F? When the aberration of "DSI as a tactical process" occurs, the Chief Financial Officer is usually heavily involved in the monthly DSI meeting cycle. - correct answers False Five critical components that must be in place in order for DSI to work: - correct answers 1. Portfolio and product review 2. Demand review 3. Supply review 4. Reconciliation review 5. Executive review Overall objectives of the executive DSI meeting - correct answers 1. Review business performance. 2. Resolve any outstanding issues that could not be resolved at the reconciliation meeting. 3. Ensure alignment of all key business functions. Which executive should chair the reconciliation review? - correct answers CFO Which of the following are NOT part of the information that is needed to determine the capacity forecast, which is a part of the supply review: - correct answers Promotional Activity T or F? The difference between competent demand planners and excellent demand planners is that excellent demand planners interpret various inputs, whereas competent demand planners collect various inputs. - correct answers True T or F? DSI processes are most effective when they are initiated, managed, and "owned" by a firm's supply chain organization. - correct answers False Which of the following are key "levers" of the culture change that is needed to drive successful DSI implementation? - correct answers Competencies, Metrics, Organizational Structure, and Values. ALL OF THE ABOVE!