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Forecasts: a) Become more accurate with longer time horizons

Economics

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Forecasts:

a) Become more accurate with longer time horizons.

b. Are more acturte for individual items than for groups of items

c. Are rarely perfect

d. all of the above

e. none of the above

The benefits of estamlishing partnerships with other organizations in their supply chair are:

i. higher quality

ii. increased delivery speed

iii. lower inventories

a. i and ii only

b. ii only

c. ii and iii

d. i and iii

e. i, ii, and iii

Which of the following is not true of value analyiss?

a. It invloves an examination of the function of purchased parts or raw materials

b. Its purpose is to reduce costs and/or improve performance of purchased goods or serivces

c. It has the greatest potetial for saving sfor items which have high annual cost-volume

d. It has the greatest potential for savings for itemds which have low cost per unit.

Which of the following is not a benefit of effective supply chain management?

a. lower inventory costs

b. Higher productivity

c. Shorter lead times

d. greater customer loyalty

e. all of the above are benefits