QUESTION 12

1. When the alpha selected for a simple exponential smoothing model is close to zero, the forecast

   	a.	will be accurate
   	b.	will heavily wieght the most recent demand
   	c.	will heavily weight the prior forecast period
   	d.	will vary around zero

4 points

QUESTION 13

1. Innovative products have a better strategic fit with

   	a.	Efficient supply chain
   	b.	Highly automated supply chain
   	c.	Customer focused supply chain
   	d.	Responsive supply chain

4 points

QUESTION 14

1. A reason that Ethan Allen furniture uses showrooms for sales is

   	a.	Reduces outbound transportation costs
   	b.	Simplifies forecasting items
   	c.	To keep inventory high
   	d.	Allows customers to experience the products

4 points

QUESTION 15

1. Two components of supply chain surplus are

   	a.	Revenue and inventory
   	b.	Price and cash flow
   	c.	Transportation and warehousing
   	d.	Profit and customer experience

4 points

QUESTION 16

1. The trend model forecast for Period 10 when the intercept is 560 and the slope is -6 is

   	a.	554
   	b.	620
   	c.	500
   	d.	570

4 points

QUESTION 17

1. Burlap and Barrel supply chain network design

   	a.	is customer centric
   	b.	is low cost
   	c.	uses tariffs as a competitive advantage
   	d.	is reproducable

4 points

QUESTION 18

1. A supply benefit of global supply chains is

   	a.	expanded forecast data
   	b.	reduced lead times
   	c.	larger markets for sales
   	d.	lower labor costs

4 points

QUESTION 19

1. One of the important figures need to calculate the Cash -to-cash cycle is

   	a.	Share price
   	b.	Customer service level
   	c.	Inventory
   	d.	Tranportation cost