SCMT 364 chapter 18 part 1

(blank) factors are more difficult to determine because the time span may be unknown or the cause of the cycle may not be considered.

cyclical

Forecasting is needed at decoupling points to set appropriate (blank) levels for these buffers.

inventory

(blank) forecasts are for where the goal is to estimate demand in the relatively short term, a few weeks or months.

tactical

In business forecasting, what time frame usually refers to three months to two years? Multiple choice question. Medium Short Long Quarter

medium

What time horizon(s) are used for strategic forecasts? Multiple choice question. Long term Short and medium term Medium term Medium and long-term

medium and long-term

Which of the following is not a component of demand? Multiple choice question. Random Trend Seasonal Planned

planned

In considering what forecasting approach to use, it is important to consider the (blank) of the forecast.

purpose

In general, the (blank-blank) models compensate for random variation and adjust for changes over a brief period of time.

short-term

Tactical forecasts are Blank______ term, while strategic forecasts are Blank______ term. Multiple choice question. short; medium and long medium; long short and medium; long short; long

short; medium and long

What type of forecast should be used for strategy, sourcing and location decisions? Multiple choice question. Strategic Operational Tactical Independent

strategic