MKTG 372 Exam 1 CH. 1-4 Kahoot UPDATED ACTUAL
Questions and CORRECT Answers
A non-negotiable delivery day is a: Constraint
A product with a high Coefficient of Variation ( CV > Unstable Demand
75% indicates:
____ are needed for invent0ry itens crucial toa business Critical Spare
What does not cause Uncertainty in a supply chain? Vendor Scorecards
Documenting each step in a supply chain process is Value Stream Mapping
also called
In the SCCOR DS model the plan function deals with How suppliers and goods will be sourced
Michael Porter defined ____ forces that impact a 5
business' ability to make a profit
T/F: If you want to know a % of effort in your forecast FALSE
model you should calculate RMSE?
Turnover rate is how long it takes to Sell a product
T/F: Push and Pull strategies are designed to FALSE
complement each other and must be applied together?
This forecasting model is recommended for products Croston's Method
with intermittent demand
T/F: Multiple Suppliers should be identified for most True
inventory items?
Which Models can have error in its forecast? Holt-Winter, Exponential Smoothing, Bass Diffusion, Croston's Method
Monitoring the purchase and delivery of items falls Procurement
under
T/F: The safest way to minimize costs is always choose FALSE
the lowest cost supplier?
A good supply chain can....... Improve Product Quality and Improve Profit Margin
Questions and CORRECT Answers
A non-negotiable delivery day is a: Constraint
A product with a high Coefficient of Variation ( CV > Unstable Demand
75% indicates:
____ are needed for invent0ry itens crucial toa business Critical Spare
What does not cause Uncertainty in a supply chain? Vendor Scorecards
Documenting each step in a supply chain process is Value Stream Mapping
also called
In the SCCOR DS model the plan function deals with How suppliers and goods will be sourced
Michael Porter defined ____ forces that impact a 5
business' ability to make a profit
T/F: If you want to know a % of effort in your forecast FALSE
model you should calculate RMSE?
Turnover rate is how long it takes to Sell a product
T/F: Push and Pull strategies are designed to FALSE
complement each other and must be applied together?
This forecasting model is recommended for products Croston's Method
with intermittent demand
T/F: Multiple Suppliers should be identified for most True
inventory items?
Which Models can have error in its forecast? Holt-Winter, Exponential Smoothing, Bass Diffusion, Croston's Method
Monitoring the purchase and delivery of items falls Procurement
under
T/F: The safest way to minimize costs is always choose FALSE
the lowest cost supplier?
A good supply chain can....... Improve Product Quality and Improve Profit Margin
