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Chapter 7 LSCM 3969 Quiz

physical distribution
An outbound-to-customer logistics system is also referred to as
Demand management includes
Flows of products.
Flows of services.
Flows of capital.
All of the these answers
The essence of demand management is to estimate and manage ___________ and use this information to make operating decisions
customer demand
The weighted moving average method assigns
a weight to each previous period.
Exponential smoothing
is one of the most commonly used techniques
Four types of forecast error measures can be used. Which one of the following is not one of the four types?
exponential smoothing for trends
Exponential smoothing can use constants higher than 1, but not more than 5
A weighted moving average assigns higher weights to more recent periods.
Forecasting has become extremely accurate, especially since the development of the S&OP process.
Demand management might be defined as focused efforts to estimate and manage customers’ demand, with the intention of using this information to shape operating decisions

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