General category for categorizing transformations

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Reference no: EM132287877

1. Supply Chain Management does not involve which of the following?

a. Using operations research / management science decision-making tools

b. Industrial engineering issues

c. Line management responsibilities

d. Financial portfolio management

e. Improving operating systems

2. What is the term for when there is no relationship between demand for various items?

a. Flexible demand

b. Unique demand

c. Dependent demand

d. Independent demand

e. Qualified demand

3. Which of the following is not a general category for categorizing transformations?

a. Exchange, as in retailing

b. Physical, as in manufacturing

c. Insulational, as in inventory

d. Location, as in transportation

4. Which of the following mechanisms for enhancing profitability is most likely to result from improving short-term forecast performance?

reduced flexibility

greater seasonality

increased inventory

higher-quality products

greater customer satisfaction

5. Forecasting techniques generally assume:

the absence of randomness.

accuracy that increases the farther out in time the forecast projects.

accuracy that is better when individual items, rather than groups of items, are being considered.

continuity of some underlying causal system.

a linear relationship between time and demand.

6. Which of the following is not part of the total cost equation?

a. Material costs

b. Holding costs

c. Opportunity costs

d. Ordering costs

Reference no: EM132287877

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