Which manufacturing strategy involves the resupply of inventory based on demand?

a$)$ Make$-$to$-$Stock

b$)$ Assemble$-$to$-$Order

c$)$ Make $($Engineer$)-$to$-$Order

d$)$ Build$-$to$-$Order

How does Make$-$to$-$Knowledge differ from traditional forecasting approaches?

a$)$ It relies solely on forecasts

b$)$ It replaces forecasts with knowledge of customer requirements

c$)$ It ignores customer requirements

d$)$ It emphasizes inventory management over customer needs

Which types of data are captured and monitored by the demand management function?

a$)$ Detailed product mix

b$)$ Product pricing

c$)$ Capacity planning

d$)$ None of the above

The main purpose of a collaborative planning, forecasting, and replenishment $($CPFR$)$

process is to:

a$)$ Increase retail margins

b$)$ Increase product stock at retail outlets

c$)$ Reduce the variance between supply and demand

d$)$ Increase manufacturer margins

Which of the following statements is correct?

a$)$ Plans are estimates of what might occur in the marketplace

b$)$ Plans specify how the firm will respond to the forecasts

c$)$ Managers are responsible for forecast errors

d$)$ None of the above