PLEASE CHOOSE ONE ANSWER AND CLARIFY THE CHOICE

A quantitative forecasting class assumes that sales (or other items to be forecast) follow a repetitive pattern over time. When a retailer uses daily sales of each product to identify patterns and to forecast inventory requirements, this is an example of:

A::a deterministic model

B::a causal model

C::a time series forecasting technique

D::a qualitative model

A items are high-dollar value items which represent a small portion (usually 10-20 percent) of requisitions, purchase orders, and inventory items, but a large portion of annual spend (usually 70-80 percent). A items in ABC analysis are:

A::reviewed infrequently

B::normally carried in large quantities

C::stored in a relatively insecure warehouse

D::particularly critical in financial terms

Decoupling inventories are carried __________________________________. The amounts and locations of raw material, work-in-process, and finished goods decoupling inventories depend on the costs and increased operating flexibility benefits of having them.

A::to protect against machine breakdown.

B::to stock the distribution pipelines.

C::to protect against uncertainties in supply and demand.

D::to make it possible to carry on activities on each side of a major process linkage point independently of each other.