45 Matching questions

1. Strategy & Planning:
2. Forecasting
3. Annual Business Planning
4. Causal forecast techniques
5. Making S&OP Work in an Organization Requires Senior Leadership Involvement
6. Logistics Planning & Inventory Deployment
7. Demand & Supply Management
8. Sourcing software applications
9. 8 Keys to Successful S&OP Implementation
10. Forecasting Requirements
11. Benefits of CFPR - Five Major Categories
12. Logistics Forecasts are Necessary To...
13. Forecast Challenges
14. Seasonal Component
15. Analysis:
16. Promotional Component
17. Demand Planning
18. Forecast Techniques
19. Logistics planning integrates overall
20. Basic planning formula
21. Execution:
22. Irregular Component
23. Three Drivers of Effective Supply Chain Planning
24. Production Planning
25. Time series forecast techniques
26. Sales & operations planning is an integrated combination of
27. Demand Planning - Potential Issues / Watch-Outs
28. Period demand equation
29. Demand management processes must integrate
30. Collaborative Planning, Forecasting and Replenishment
31. Forecasts must be more timely and accurate to align
32. Perod logistics requirements equation
33. Production planning systems match
34. Benefits of Integrated Operations Planning
35. Base Demand
36. Qualitative forecast techniques
37. Forecasting Accuracy
38. Trend Component
39. Forecast for time T
40. Common software applications for most planning environments include:
41. Supply Chain Planning
42. Forecast Process
43. Evaluating Applicability of Forecasting Techniques
44. CPFR Process Steps
45. Cyclic Component

1. a movement demand, vehicle availability, and relevant movement cost into a decision support system that seeks to minimize overall freight expense
   
   -Analysis suggests ways freight can be shifted among carriers or consolidated to lower expenses
2. b the requirements plan with the production constraints, i.e. Advanced Planning & Scheduling (APS)
   
   -Limitations can include material, facility, equipment and labor availability
3. c Demand management system is the information technology component of the sales and operations planning (S&OP) process
   
   Demand management develops the forecasts used by other supply chain processes to anticipate sales levels
   
   Forecasts are then used to determine production and inventory requirements
   
   Must maintain forecast data consistency across multiple products and warehouse facilities
4. d Support collaborative planning
   -Collaborative forecasts help avoid inventory
   excesses and out-of-stock situations
   Drive requirements planning to determine
   -Inventory projections
   -Replenishment requirements
   -Production requirements
   Improve resource management through cost trade-offs of strategies such as
   -Extra production capacity
   -Extra storage capacity
5. e Executing the process every month
   Process ownership and clarity of roles and responsibilities
   Organizational commitment to achieving high forecast accuracy (senior management commitment & performance objectives)
   Focus should be on the next 3 to 12 months (not short-term)
   One plan that integrates the actions of the entire organization
   Senior management decision making (bottom-up / top-down)
   Measuring end-to-end supply chain performance
   S&OP forecast versus operating plan or budget
6. f 1.)Develop a joint business plan
   2.)Create a joint calendar to determine product flow
   3.)Create a common sales forecast based on shared knowledge of each trading partner's plan
   -Share common forecast between retailer and
   suppliers
   -Use an iterative process to share the forecast and
   requirements plan
   4.)Use the common sales forecast to develop
   -Production plan
   -Replenishment plan
   -Shipment plan
7. g Forecast is the specific definition of what is projected to be sold, when and where
   
   Forecasting is a critical capability
   
   Many logistics and supply chain activities must be completed in anticipation of a sale
   
   Forecasting approaches to achieve:
   -enhanced service or reduced inventory
   
   Improve forecast accuracy
   Forecast at a higher level of aggregation
8. h Demand planning
   Production planning
   Logistics planning
   Inventory deployment
9. i -A meaningful forecast process requires integrated and consistent combination of components
   
   Faulty communications are costly for supply chains
   -Seek to reduce forecast inconsistency across
   multiple members of the supply chain
   
   Efforts to perfect a single component do not overcome need for other components
   
   Process design should consider strengths and weaknesses of each individual component
   -Design for optimal performance of the overall
   integrated system
10. j -Organizational processes
    -Personal responsibility and accountability
    -Information systems (financial, marketing and supply chain planning)
    
    Using this S&OP combination, the operations and sales groups must overcome conflicts to develop consensus and then execute their collaborative plans
    Finance also plays a key role in dollarizing the impact of decisions
11. k focuses entirely on historical patterns and pattern changes to generate forecasts
    "The past is a good predictor of the future"
    e.g., moving averages, exponential smoothing, extended smoothing, and adaptive smoothing
12. l exception management and performance assessment.
    Exception management is actively monitoring planning and operations for out of bound conditions
    Performance assessment is evaluating the achievement of business goals to uncover trends or develop alternative strategies.
13. m is annual recurring upward or downward movement in demand
    e.g. Toy demand before Christmas
14. n These applications can be sourced from the following options
    -Custom developed for the organization
    -Packaged solutions contained in a larger supply chain management system
    -Modules within an ERP system
15. o : consists of sales forecasting, order planning/forecasting, inventory positions, and transit lead times.
16. p Demand Variability
    -Distribution (retail stores) gains and losses
    -Competitive Activity
    -Economy (private labels)
    Scale of Information from Marketing & Sales
    Promotions - Increased Complexity
    Supply Issues
17. q relies on expert opinion and special information
    Costly and time-consuming
    Ideal for situations with little historical data or when much managerial judgment are required
    Developed using surveys, panels and consensus meetings
18. r -Improving accuracy of forecasts requires error measurement followed by analysis
    -Choice of method for error measurement
    
    Simple average error can hide problems as positive errors are offset by negative ones
    Mean Absolute Deviation (MAD) evaluates absolute error by ignoring the sign of the error
    Mean Absolute Percentage Error (MAPE) is mean MAD divided by mean demand
19. s Plan
    Source
    Make
    Deliver
    Return
20. t Begin Inventory + Production - Demand = Ending inventory
21. u Strategic planning starts the process - 3-5 year horizon
    
    Integrated Operations Planning - Deliver the plan!
    Monitor, control, adjust for actual variance from plan
22. v is long-term average demand after other components are removed
23. w (Base damnd X Seasonal X Trend X Cyclic X Promotion) + irregular
24. x Evaluate technique both quantitatively & qualitatively for:
    Accuracy
    Forecast time horizon
    Value of forecasting to business strategy
    Data availability
    Type of data pattern
    Experience of the forecaster
25. y 1.) Supply Chain Visibility
    2.)Exception management to respond to disruptions and minimize/prevent potential problems
    3.) Enables identification of trade-offs that can increase functional costs, but lower total system costs
    -Stay focused on the customer!
26. z uses specific information to develop relationships between lead events and forecasted activity
    e.g., simple or multiple regression
27. aa Functional leadership from all key operating areas must be committed to the S&OP process and be responsible for achieving success
    Supply Chain Planning, Sales & Marketing, Manufacturing, Finance
    Tie manager's compensation to successful S&OP performance
    Include regular involvement and accountability at the general management level
    Tradeoff decisions may negatively impact a functional area
28. ab consists of order generation, and order fulfillment.
29. ac Overcomes these problems resulting from individual perspectives
    
    Limited economies of scale
    Limited information sharing
    Excessive transportation expense
30. ad Historical forecasts
    Promotional plans
    Pricing changes
    New product introductions
31. ae includes random or unpredictable quantities that do not fit other components
32. af Customer demands for higher service levels and more product variations with
    A management focus to reduce supply chain assets
33. ag Improved Customer Service Through Better Forecasting Techniques
    Lower Inventories for Higher Profits
    Improved ROI on Technology Investment
    Improved Relationships Between Trading Partners
    Cost Reduction
34. ah Forecasting in many companies is typically a "best fit line" using history
    The problem is that you can be driving down the
    road by looking in the rear view mirror. The future
    might be significantly different than the past.
    Marketing:
    May low ball the forecast numbers because if actual
    sales exceed their forecast, they can look like hero's
    in the organization.
    
    May inflate the forecast numbers to essentially
    create "2 sets of books", the real forecast and the
    inflated forecast to ensure that Logistics plans for
    plenty of inventory
35. ai is periodic shifts in demand lasting more than a year
    e.g. Housing demand follows business economic cycle
36. aj establishes the ground rules for the collaborative relationship
    Business goals
    Scope of collaboration and assignment of roles
    Responsibilities
    Checkpoints / milestones
    Escalation procedures
37. ak Matches product requirements of customers with capacity of enterprise/supply chain.
38. al Period demand - inventory-on-hand - Planned receipts
39. am Forecasts+Customer orders + promotions
40. an CFPR is a business model that takes a holistic approach to supply chain management and combines the intelligence of multiple trading partners in planning and fulfilling customer demand by using common metrics, language and firm agreements to improve efficiency for all participants.
    
    CFPR links sales and marketing best practices - category management, supply chain planning and execution processes to increase availability while reducing inventory, merchandizing, transportation, and logistics costs.
    
    Developed to reduce unplanned and uncoordinated events that distort the smooth flow of product throughout the supply chain (reduces bullwhip effect)
41. ao -Facilitates more effective planning with shorter cycle times.
    -Offers capability to consider the extended supply chain and make appropriate trade-offs to achieve optimal performance.
    -More effective and responsive planning allows a more level assignment of resources for existing sourcing, production, storage, and transportation capacity.
    -Greater integration with financial plans.
    -Increased inclusion of strategic initiatives and activities.
    -Improved simulation and modeling of alternatives.
    -Easier translation between aggregate and detailed planning levels.
42. ap Moving average -- weighted average previous period sales
    Exponential smoothing -- WEIGHTED MOVING AVERAGE using smoothing constraints
    Regression -- Time period as the independent variable
    Time series -- Other independent variables such as price, promotion plans
    Multivariate -- Complex statistical techniques
43. aq is long-range shift in periodic sales
    Positive, negative or neutral
44. ar is demand swings initiated by a firm's marketing activities
    Advertising, deals, or promotions
45. as Production planning uses requirements from demand management to develop a realistic supply plan
    
    Must integrate with manufacturing (and 3rd party) resources and constraints
    
    -Requirements plan defines what items are needed and when
    
    -Effective planning creates a time-sequenced plan