Typically the starting point for supply chain network models

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Reference no: EM132222465

1. The parameters in the supply chain network model should be accepted if:

a. Executives approve them

b. The model reproduces historical cost within 3-5%

c. Operating personnel sign off on the parameters

d. The project team has met with sales and accounting and gotten agreement

2. Historical demand is typically the starting point for supply chain network models. Ideally:

a. At least one year of history is necessary to account for seasonality.

b. Demand history does not have to reflect actual order destinations

c. Demand can be separated by division, even if warehouses serve multiple divisions

d. Demand can be left in dollars or other currency

3. Freight rates for supply chain network planning

a. Vary only with distance

b. Can only be expressed as cost/weight

c. Reflect the differences between mode technologies-air vs. truck, rail vs. water, etc.

d. Have to be obtained from customers

4. Information flows are not mapped directly in a supply chain network model. However:

a) Information always follows the product flow exactly

b) Information in the form of orders is a critical input to the network model

c) Information in the form of returns is critical to the model

d) Information in the form of ongoing status is critical to the network planning model

5. The best approach to all supply chain network planning models is to use optimization techniques.

a. True

b. False

Reference no: EM132222465

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