All " push" processes are performed in anticipation of ______
What is customer demand
100
When forecasting demand, companies must balance objective and ________ factors
What is subjective
100
The first step
What is understanding the objective of forecasting
100
One idea in integrating demand planning and forecast is to use a _____ - _______ team from each affected area responsible for forecasting demand.
What is cross functional
100
The forecasting module within a supply chain IT system is often called a _______ ________ module
What is demand planning
200
Products easiest to forecast are _________ products
What are "mature" products
200
Second step
What is intergrade demand planning and forecasting throughout the supply chain
200
when determining the appropriate forecasting technique, a company should first understand the _________that are relevant to the forecast. These include geographic areas, product groups and customer groups
What are dimensions
200
Two strategies used to mitigate forecast risk are:
What is increase the responsiveness of the supply chain and utilize opportunities for pooling of demand
300
Since forecasts are always inaccurate, we must attempt to forecast a measure of ________
What is error
300
Companies making this type of forecast uses historical demand.
What is time series
300
Third step
What is understand and identify customer segments
300
The purpose establishing performance and error measures in step six is to evaluate the accuracy and ___________ of the forecast
What is timeliness
300
The __________ module is one of three core products around which the entire supply chain software industry grew.
What is forecasting
400
Long-term forecasts are usually ________ accurate than short-term forecasts
What is less
400
This forecasting type imitates customer choices that give rise to demand to arrive at a forecast
What is simulation
400
Fourth step
What is identify the major factors that influence the demand forecast
400
When attempting to understand customer segments in step three, a company is trying to facilitate an accurate and __________ approach to forecasting
What is simplified
400
____________ with your supply chain partners can often create a much more accurate forecast.
What is collaboration
500
In general, the farther up the supply chain a company is, the ____________ the distortion of information it receives.
What is greater
500
Studies indicate it may be much more effective to use _______ forecasts than simply using one forecast
What is multiple
500
Fifth step
What is determining the appropriate forecasting technique
500
Failure to make forecasting decisions jointly may result in too much or too little ________ in various stages of the supply chain
What is product
500
Failing to distinguish between sales and demand when looking at historical records may be caused by a lack of consideration of ___________