multiple choice questions: One of success process strategies philosophies is the process foundation, which: Select one: a. Creates the supply chain of organisation to satisfy and enhance competitiveness b. Fulfills process characteristics and strategic match c. Includes subcontractors due to their link to organisational processes d. None of these e. All of these Question 4 The periodic counting system records immediate updates of inventory withdrawals Select one: a. False b. True Question 5 The decision to configure assets according to product or process rely on the following, except: Select one: a. Variability b. Velocity c. Flexibility d. Quantities Question 6 ___________________ utilises statistical modelling to predict future sales figures, often taking into account current and historical trends. Select one: a. Aggregate planning b. Quantitative forecasting c. Sales forecasting d. Qualitative forecasting Question 7 The following is one of the reasons for ineffective forecasts Select one: a. Lack of funds b. None of these c. Outsourcing the task of forecasting d. Poor aggregate planning e. Failure to involve all relevant people Question 8 ABC Analysis is based on the pareto principle, also known as: Select one: a. 50/50 rule b. 30/70 rule c. 80/20 rule d. 10/90 rule Question 9 A process is a methodology utilised on an ad-hoc basis that result in the creation of goods and services with the aim of maximising profit Select one: a. True b. False Question 10 As part of the important situational factors to be considered in forecasting, changes in the market: Select one: a. Should be avoided b. Should be expected in advance c. Should be communicated d. None of these e. Should be confronted
multiple choice questions:
One of success process strategies philosophies is the process foundation, which:
Creates the supply chain of organisation to satisfy and enhance competitiveness
Fulfills process characteristics and strategic match
Includes subcontractors due to their link to organisational processes
None of these
All of these
Question 4
Question 5
Question 6
___________________ utilises statistical modelling to predict future sales figures, often taking into account current and historical trends.
Aggregate planning
Quantitative
Sales forecasting
Qualitative forecasting
Question 7
The following is one of the reasons for ineffective forecasts
Lack of funds
None of these
Outsourcing the task of forecasting
Poor aggregate planning
Failure to involve all relevant people
Question 8
Question 9
Question 10
As part of the important situational factors to be considered in forecasting, changes in the market:
Should be avoided
Should be expected in advance
Should be communicated
None of these
Should be confronted
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