Carhart, whose global supply chain headquarters is in Irvine, KY, is a great example of: A company who is a low-cost leader A company that only competes in the US A company who competes on differentiation A company who sources the lowest price raw materials QUESTION 40 Quantitative forecasts: Are based on the judgement of one or more knowledgeable forecasters Are used when there is no historical data available Are based on projections of historical sales data Are used to combat seasonality Inventory Management is important for all of the following reasons EXCEPT: Supply Chain Managers must determine the appropriate level of stock for each item To achieve minimum cost at a predetermined level of service To determine the proper level of inventory needed to minimize cost while maintaining the customer service policy To determine how much transportation will inventory will require and the cost associated with moving it QUESTION 42 If Effective Capacity is 50 units and actual output is 42 units, what is the efficiency? 76% 84% 91% 72% If the total percentage of error for a forecast is 29.5% over 12 periods, what is the MAPE calculation? 3.54% 4.07% 2.46% 2.68% QUESTION 44 Order Management includes all of the following EXCEPT: Order Shipment Order Fullfilment Order Generation Order Transportation Carhart, whose global supply chain headquarters is in Irvine, KY, is a great example of: A company who is a low-cost leader A company that only competes in the US A company who competes on differentiation A company who sources the lowest price raw materials QUESTION 40 Quantitative forecasts: Are based on the judgement of one or more knowledgeable forecasters Are used when there is no historical data available Are based on projections of historical sales data Are used to combat seasonality Inventory Management is important for all of the following reasons EXCEPT: Supply Chain Managers must determine the appropriate level of stock for each item To achieve minimum cost at a predetermined level of service To determine the proper level of inventory needed to minimize cost while maintaining the customer service policy To determine how much transportation will inventory will require and the cost associated with moving it QUESTION 42 If Effective Capacity is 50 units and actual output is 42 units, what is the efficiency? 76% 84% 91% 72% If the total percentage of error for a forecast is 29.5% over 12 periods, what is the MAPE calculation? 3.54% 4.07% 2.46% 2.68% QUESTION 44 Order Management includes all of the following EXCEPT: Order Shipment Order Fullfilment Order Generation Order Transportation
