Common Learning Block 2 Practice Questions Flashcards
Supply Chain Management Common Learning Block 2 Practice Questions.
1
Q
An estimate of a company’s future needs is called:
A
Demand forecasting
2
Q
The basis for a credible demand plan is derived from the:
A
Demand forecast
3
Q
To support the sales forecast, the demand plan defines the needed:
A
Inventory and resources
4
Q
The demand planning function initiates requisitions for:
A
Procurement
5
Q
The demand plan attempts to achieve a balance between supply elements and:
A
Anticipated consumer demand
