Mgsc 395 final exam - Study guides, Class notes & Summaries

A demand management option for a company is to even out the load on resources by producing ___________ products, or services that have similar resource requirements but different demand cycles. A. Prescheduled products B. Promotional Products C. Backlog products ***D. Complementary products Generally, which of the following are to be avoided when managing demand? A. Promotional pricing ***B. Backorders C. Quantity discounts 2 | P a g e D. Perishable capacity A repeatable pattern...

MGSC 395 Final Exam Questions and Answers-Graded A

MGSC 395 Final Exam Question and answers rated A+ 2024/2025 Chapter 8: Forecasting - correct answer - Understand demand management - Understand the difference between dependent and independent variables - Interpret R-squared in the regression output - Calculations: MAPE and MAD; along with forecasting using trend equation, moving average, and exponential smoothing Forecasting - correct answer A prediction of future events used for planning purposes. A statement about the future val...

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MGSC 395 Final Exam (Branner) questions & answers

inventory management - CORRECT ANSWER-the planning and controlling of inventories in order to meet the competitive priorities of the organization inventory - CORRECT ANSWER-a stock of materials used to satisfy customer demand or to support the production of services or goods pressures for small inventories - CORRECT ANSWER--inventory holding cost -cost of capital -storage and handling costs -taxes -insurances -shrinkage pressure for large inventories - CORRECT ANSWER-- customer service...

the planning and controlling of inventories in order to meet the competitive priorities of the organization : inventory management a stock of materials used to satisfy customer demand or to support the production of services or goods : inventory -inventory holding cost -cost of capital -storage and handling costs -taxes -insurances 2 | P a g e -shrinkage : pressures for small inventories - customer service -ordering cost -setup cost -labor and equipment ultilization -transpor...

Chapter 8: Forecasting - CORRECT ANSWER-- Understand demand management - Understand the difference between dependent and independent variables - Interpret R-squared in the regression output - Calculations: MAPE and MAD; along with forecasting using trend equation, moving average, and exponential smoothing Forecasting - CORRECT ANSWER-A prediction of future events used for planning purposes. A statement about the future value of a variable of interest, such as demand. Example: banks fore...

MGSC 395 Final Exam (Branner) with complete solution

Sales and Operations Plan (S&OP) is done _______ - CORRECT ANSWER-monthly Master Plan Schedule (MPS) is done _________ - CORRECT ANSWER-weekly The Schedule is done _________ - CORRECT ANSWER-daily In the levels in operations planning and scheduling, which level is the closest to the customers, and therefore the most important? - CORRECT ANSWER-level 3, scheduling Level 2 of Operations Planning and Scheduling - CORRECT ANSWER-resource planning - a process that takes sales and operations p...