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Forecasts: a) Become more accurate with longer time horizons
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
Expert Solution
1. Forecasts d. all of the above .
It is because expected variables take the time to be true which enables the accuracy of the forecasting and they are rarely assumed as perfect.
2. The benefits of establishing partnerships with other organizations in their supply chain are e. i, ii, and iii .
It is because the firms possess the benefits in terms of the quality, lesser delays inflow of the goods and so on when they collaborate with each other for the sake of better management.
3. Which of the following is not true of value analysis d. It has the greatest potential for savings for items that have a low cost per unit .
It is because value analysis is meant to examine the cost so that the actual cost could not be greater than the necessary cost of producing the product.
4. Which of the following is not a benefit of effective supply chain management d. greater customer loyalty .
It is because effective supply chain management assures an efficient and effective product but does not count for the qualitative factor such as the loyalty possesses by the customer.
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