LSCM Quiz 2 with correct answers 100% 2026

LSCM Quiz 2 with correct answers 100% 2026 According to the text, which of the following is a major cultural issue and considered a big hurdle to widespread implementation of Collaborative Planning, Forecasting, and Replenishment (CPFR)? - Correct Answer Trust A forecasting method has produced the following data over the past 5 months shown in the data set. What is the mean absolute deviation (accurate to 1 decimal)? Month Actual Forecast 1 12 11 2 13 14 3 10 8 4 11 12 5 10 11 - Correct Answer 1.2 A forecast tracking signal is used to determine: - Correct Answer If the forecast bias is within the acceptable control limits A good demand sensing solution would include an automated model with self-adjusting algorithms that can learn from data without human intervention and generates forecasts for execution daily. - Correct Answer True All of the following may influence demand and should be considered when developing a forecast EXCEPT: - Correct Answer Ergonomic conditions A positive error implies that a forecast was: - Correct Answer Too low As tighter control limits are instituted for the tracking signal, there is a greater probability of finding exceptions that require no action, but it also means catching changes in demand earlier. - Correct Answer True Collaborative planning, forecasting, and replenishment (CPFR) is a concept that aims to enhance supply chain integration by: - Correct Answer Supporting and assisting joint practices CPFR is more likely to succeed if companies educate their employees on the benefits of the process changes and the disadvantages of maintaining the status quo. - Correct Answer True Cyclical variations are longer than a year and can be influenced by: - Correct Answer Political factors Early adopters of Collaborative planning, forecasting, and replenishment (CPFR), Walmart and West Marine, were not very successful implementing the system. - Correct Answer False Forecast error is the actual quantity minus the forecast. - Correct Answer True Given the following information, the forecast for period two using exponential smoothing and α = 0.3 is 60.5. - Correct Answer False If you felt that recent demand trends were more significant, and thus should be emphasized more in formulating a forecast, then in forecasting demand for the upcoming demand period, you would probably favor using a simple moving average over the conventional weighted moving average. - Correct Answer False Inaccurate forecasts would lead to imbalances in supply and demand. - Correct Answer True Individual biases could negatively impact the effectiveness of the Sales Force Composite forecasting approach, due to the proximity of the sales personnel to the consumers. - Correct Answer True In today's competitive business environment, collaboration (or cooperation and information sharing) between buyers and sellers is the rule rather than the exception. - Correct Answer True