A quantitative forecasting class assumes that sales (or other items to be forecast) follow a repetitive pattern over time. When a retailer uses daily sales of each product to identify patterns and to forecast inventory requirements, this is an example of: A::a deterministic model B::a causal model C::a time series forecasting technique D::a qualitative model
PLEASE CHOOSE ONE ANSWER AND CLARIFY THE CHOICE
A quantitative
A::a deterministic model
B::a causal model
C::a time series forecasting technique
D::a qualitative model
“A” items are high-dollar value items which represent a small portion (usually 10-20 percent) of requisitions, purchase orders, and inventory items, but a large portion of annual spend (usually 70-80 percent). “A” items in ABC analysis are:
A::reviewed infrequently
B::normally carried in large quantities
C::stored in a relatively insecure warehouse
D::particularly critical in financial terms
Decoupling inventories are carried __________________________________. The amounts and locations of raw material, work-in-process, and finished goods decoupling inventories depend on the costs and increased operating flexibility benefits of having them.
A::to protect against machine breakdown.
B::to stock the distribution pipelines.
C::to protect against uncertainties in supply and demand.
D::to make it possible to carry on activities on each side of a major process linkage point independently of each other.
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