GSCM 201 FINAL EXAM LATEST 2025/2026
COMPLETE ACURATE TEST REAL QUESTIONS AND
WELL ELABORATED ANSWERS (CORRECT
VERIFIED SOLUTIONS) CURRENTLY UPDATED
VERSION |GUARANTEED PASS A+
Business forecasting is the process of using
_____________, _____________, ____________, and
experience to make predictions and respond to various
business needs.
Analytics, data, insights
Insights, definitions, capacity
Capacity, purchase orders, data
Definitions, purchase orders, data
Answer- Analytics, data, insights
A forecast error is
The difference between what you predict and what
actually happens.
,A computer term which describes activities performed
using computer systems.
A metric defined as % of orders received on time by the
company from its suppliers, or delivered on time to the
company's customers.
A retail category management technique which identifies
merchandise budgeted for purchase during a certain time
period that has not yet been ordered.
Answer- The difference between what you predict and
what actually happens.
Almost every decision you make in business is based on a
forecast.
Answer- True
If your product is relatively new and your data is limited,
your best option is to...
Use qualitative data and make up a forecast
Make up a forecast and do a milk run
,Look at sales history of a similar product and use
qualitative data
Does a milk run and look at sales history of a similar
product?
Answer- Look at sales history of a similar product and use
qualitative data
Having good data is critical to building accurate forecasts.
But, data availability isn't sufficient. You need to choose
the right _______________ to make the most of your
data.
Measure
Forecasting technique
Logistics
Materials planning
Answer- Forecasting technique
What do inventory holding costs typically amount to?
About 15%-40% of the unit value per year
, 100% of the value of a good
$0.10 to $1.50 per unit
Between $25 and $45 per unit per year
Answer- About 15%-40% of the unit value per year
Which of the following is true of stock out costs?
They are the same for every product.
They are trivial in most cases.
They are equal to inventory holding costs per unit per
year.
They are difficult to estimate precisely.
Answer- They are difficult to estimate precisely.
_________ is a measure of how often inventories are
depleted and replenished over the course of a given time
period (e.g., year).
Dwell time
Fill rate
In-stock rate
COMPLETE ACURATE TEST REAL QUESTIONS AND
WELL ELABORATED ANSWERS (CORRECT
VERIFIED SOLUTIONS) CURRENTLY UPDATED
VERSION |GUARANTEED PASS A+
Business forecasting is the process of using
_____________, _____________, ____________, and
experience to make predictions and respond to various
business needs.
Analytics, data, insights
Insights, definitions, capacity
Capacity, purchase orders, data
Definitions, purchase orders, data
Answer- Analytics, data, insights
A forecast error is
The difference between what you predict and what
actually happens.
,A computer term which describes activities performed
using computer systems.
A metric defined as % of orders received on time by the
company from its suppliers, or delivered on time to the
company's customers.
A retail category management technique which identifies
merchandise budgeted for purchase during a certain time
period that has not yet been ordered.
Answer- The difference between what you predict and
what actually happens.
Almost every decision you make in business is based on a
forecast.
Answer- True
If your product is relatively new and your data is limited,
your best option is to...
Use qualitative data and make up a forecast
Make up a forecast and do a milk run
,Look at sales history of a similar product and use
qualitative data
Does a milk run and look at sales history of a similar
product?
Answer- Look at sales history of a similar product and use
qualitative data
Having good data is critical to building accurate forecasts.
But, data availability isn't sufficient. You need to choose
the right _______________ to make the most of your
data.
Measure
Forecasting technique
Logistics
Materials planning
Answer- Forecasting technique
What do inventory holding costs typically amount to?
About 15%-40% of the unit value per year
, 100% of the value of a good
$0.10 to $1.50 per unit
Between $25 and $45 per unit per year
Answer- About 15%-40% of the unit value per year
Which of the following is true of stock out costs?
They are the same for every product.
They are trivial in most cases.
They are equal to inventory holding costs per unit per
year.
They are difficult to estimate precisely.
Answer- They are difficult to estimate precisely.
_________ is a measure of how often inventories are
depleted and replenished over the course of a given time
period (e.g., year).
Dwell time
Fill rate
In-stock rate
