How can best handle Sales Forecast Errors?

a$.$ Fire the Sales Manager if the forecast is more than $50\%$ inaccurate

b$.$ Employ a Sales and Operations Planning Process that uses the forecast as a guide

c$.$ Ignore the forecast and reply on past historical demand

d$.$ Have each Sales Rep send their individual forecasts directly to the Planning Department

What is meant by the term de$-$promotion?

a$.$ The build$-$up of inventory in the WH in preparation of an upcoming sales and marketing campaign

b$.$ The increased demand for inventory in the period following the end of a promotion

c$.$ The cancellation of a promotion underway when it fails to meet identified sales targets

d$.$ The decreased demand for inventory in the period following the end of a promotion

Which of the following is NOT a reason for an Industrial warehouse to carry additional inventory of replacement parts and operating supplies?

a$.$ Impact of operations downtime due to lack of replacement parts

b$.$ Inaccessible location makes inventory shipments expensive and difficult

c$.$ Increased materials handling costs

d$.$ The need to keep machinery well maintained and running smoothly

A firm regularly receives inventory items from a supplier with exceedingly high levels of product quality. As a result these inventory items can be placed immediately into the WH upon arrival. This is known as:

a$.$ Dock To Stock inventory

b$.6$ Sigma inventory

c$.$ Break Bulk inventory

d$.$ Lot & Location inventory

The warehouse manager has recently done an analysis on inventory products damaged or lost in the warehouse. The warehouse manager has decided to implement warehouse practices to reduce damage occurring. Which actions should the warehouse manager pursue first?

a$.$ Cycle counting program

b$.$ Warehouse security review

c$.$ Inventory optimization review

d$.5$ S Program

End of Multiple Choice Questions $-$ see next page